Domestic Taxes

  October 5, 2010, 3:23 pm

Rep. Graves presses IRS for answers on 1099 rule

By Jay Heflin

House Small Business Committee ranking member Sam Graves (R-Mo.) on Tuesday sent a follow-up letter to Internal Revenue Service Commissioner Doug Shulman asking how he plans to implement the new healthcare law's 1099 reporting rule, which requires businesses and organizations to report all purchases above $600 to the IRS.  

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  October 5, 2010, 11:31 am

Reagan economist: Extending all Bush tax cuts is olive branch from Obama to business

By Jay Heflin

Former Reagan economist Martin Feldstein on Tuesday said President Obama should extend all the Bush-era tax cuts to show he is not (as some have suggested) anti-business or opposed to helping wealthier taxpayers.

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  October 4, 2010, 1:34 pm

Howard Dean: Tax increase on upper brackets won't hurt job market

By Jay Heflin

Former DNC Chairman Howard Dean adds that the economy created jobs after Clinton raised taxes. 

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  October 4, 2010, 12:22 pm

Luskin warns of double-dip recession if Bush tax cuts aren't extended

By Jay Heflin

Investment strategist and conservative columnist Donald Luskin on Monday warned that if Congress fails to extend all of the Bush-era tax cuts the economy will slide back into a recession. 

He reasons that the expiration of the tax cuts will create an average tax increase on income of 3.3 percent, which will directly affect consumption.

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  October 3, 2010, 1:57 pm

Lawmakers face daunting tax agenda when they return for lame-duck session

By Jay Heflin

Democratic leaders vowed that extending middle-class tax cuts would be their top priority, but that promise barely scratches the surface.

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Archived under: Senate, House, News, Finance & Economy, Domestic Taxes
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  October 1, 2010, 3:41 pm

New ad targets Obama's plan for Bush tax cuts

By Jay Heflin

The nonprofit organization Liberty Central on Friday kicked off its first-ever national ad campaign to prevent tax increases proposed by President Obama. 

The ad, which will run on conservative talk radio websites, seeks to garner 100,000 online signatures to petition against the coming tax hikes that will result if Congress fails to extend all of the tax cuts enacted by President George W. Bush. 

"Raising taxes in a recession is just bad policy," the add states.

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  October 1, 2010, 10:39 am

Groups call for ban on tax patents by year end

By Jay Heflin

Organizations representing a wide array of constituencies have called on Congress to ban tax patents before the end of the year, warning that a failure to do so will inhibit tax preparers from using strategies that could save their clients money. 

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  September 30, 2010, 7:00 pm

Hoyer: Extending middle-class tax cuts top priority in lame-duck

By Jay Heflin

House Majority Leader Steny Hoyer (D-Md.) on Thursday said extending the Bush-era tax cuts for the middle class would be his chamber's top priority when lawmakers return after the November elections. 

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  September 30, 2010, 5:25 pm

Senate Dems vow return to tax cuts

By J. Taylor Rushing

Asked their top priority for the lame-duck session, several Democrats named voting on the Bush-era tax cuts.

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  September 30, 2010, 5:19 pm

Senators unveil new energy tax bill

By Jay Heflin

Senate Energy & Natural Resources Chairman Jeff Bingaman (D-N.M.) and Sen. Olympia Snowe (R-Maine) have teamed up to introduce legislation providing tax incentives to the energy sector. 

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