US parachutists attend a training session as part of the 'Cope Tiger 2010' joint Air Force exercise over Lop Buri province in Thailand, on March 3. About 1,600 soldiers from three countries, Thailand, the US, and Singapore, are participating in the two-week exercise.
The House Ways and Means Committee will vote on how to fix Highway Trust Fund on Thursday. In Flint, Michigan, the city wants to cut its retirees' health benefits to avoid bankruptcy.
The House Ways and Means Committee approved expanding the child tax credit and higher education tax breaks. In other tax news, H&R Block offers a map outlining state income tax requirement to help same-sex couples' IRS filings.
IRS commissioner John Koskinen appeared before the House Oversight and Government Reform Committee on the loss of former Treasury official Lois Lerner’s emails and crash of her hard drive. Meanwhile, the federal gasoline tax could be phased and leave the Highway Trust Fundthe House Ways and Means Committee plans to vote on indexing the $1,000 child tax credit.
The House Oversight and Government Reform Committee will begin its two-part hearing on missing IRS emails today. Tomorrow, the Senate Finance Committee will examine the role of the tax system in reducing student debt.
The House Ways and Means Subcommittee on Oversight will review review the government’s ability to verify income and insurance information when it comes to the Affordable Care Act’s tax credits and subsidies on June 10. Meanwhile, Spain joins a growing list of countries that wants to lower the corporate income tax.
The House Ways and Means Committee voted to keep a corporate tax break permanent. And that is a mistake, Howard Gleckman writes.
GOP Rep. Dave Camp wants his recently unveiled tax reform plan to bring simplicity to a US tax code that is '10 times the size of the Bible with none of the good news.' It won't get traction this election year, but it starts the conversation.
At a Monitor Breakfast, Sen. Bob Corker, the ranking Republican on the Senate Foreign Relations Committee, also expressed concern about the situation in Ukraine.