Sen. Patty Murray (D) of Washington rose to political prominence by espousing an environmentalist agenda. She also gathered grassroots support to strike down proposed preschool program budget cuts.
In today's Daily Deduction, Tax VOX reports that President Obama's fiscal 2015 budget will include about $1 trillion in new taxes as several states look to make tax changes of their own.
If 2013 is remembered for anything, it may be for all that didn’t happen when it comes to tax policy and fiscal policy, Gleckman writes. Here’s hoping 2014 is more productive.
The year in taxes started with the nation toppling, briefly, over the fiscal cliff. And it ended with some interesting policy proposals on tax reform.
In an effort to jumpstart international tax reform, Senate Finance Committee Chairman Max Baucus is suggesting major changes in the way U.S.-based multinational corporations are taxed on their overseas income. Though the plan is advancing tax reform discussions, it leaves many controversial issues unresolved, Gleckman explains.
It's not pretty. To offset the cost of tax reform, Congress may have to eliminate trillions of dollars in tax preferences for individuals and businesses. Gleckman walks readers through who's saying what on the topic right now.