The Treasury Department circulated new proposed regulations on Wednesday that seeks to end a tax loophole on dividends that helps offshore hedge funds.
Rep. Earl Blumenauer (D-Ore.) defended his proposal to nearly double the tax that is paid to the federal government by drivers when they buy gas, saying it was “time to face up” to a transportation funding deficit that has been allowed to grow for 20 years.
Appearing on Fox News’s “Your World with Neil Cavuto,” Blumenauer said the gas tax has been stagnant since 1993, during which time the cost of transportation projects kept rising due to inflation.
The Senate Finance Committee will hold a nomination hearing next Tuesday for John Koskinen, President Obama’s pick to lead the IRS.
Reps. Issa and Jordan said the FBI and DOJ are hindering their IRS investigation.
Treasury's watchdog found the IRS systems to safeguard private information have flaws.
The last time the federal gas tax was increased was 1993.
The Supreme Court on Monday declined to wade into a dispute between Amazon and New York over sales tax collection.
Amazon and another large online retailer, Overstock, had challenged a New York law that forced the companies to collect sales taxes on purchases made from the state.
The Treasury Department announced in August that it would allow those couples to file married returns, even if they live in states that don't recognize same-sex marriage.
More homeowners could be pushed into foreclosure just as the housing market is recovering.
Action comes months after a scandal involving improper targeting of Tea Party organizations.