Tax Law

Tax cut votes prelude to bigger "fiscal cliff" fight – Reuters UK

The Congressional Budget Office says failure to act could spur a recession in 2013. The tax cuts, passed under Republican President George W. Bush, expire at the end of the year unless Congress and President Barack Obama agree to extend … Continue reading

Senate Dems High-Wire Tax Act – NationalJournal.com

Senate Democrats face a tough political test this week as they work to support President Obama’s call to tax the wealthy without alienating the well-heeled campaign donors whose money they’ll need to compete in November and beyond. It’s a tough … Continue reading

IRS sizes up political groups’ tax-exempt status – NBCNews.com

The IRS tax-exempt division is “taking the heat for the state of the law,” said Beth Kingsley, a tax-exempt lawyer at the firm of Harmon, Curran. “They don’t really have the power to make changes and they may want to … Continue reading

Iowa gov favors federal online sales tax proposal – Businessweek

Branstad asked Iowa’s U.S. senators, Republican Charles Grassley and Democrat Tom Harkin, to vote for the proposal, which would provide a streamlined approach for Iowa and other states to consistently enforce sales tax laws. The plan is being …

Residents seek clarity on property tax law – Tuscaloosa News

MONTGOMERY | BFGoodrich retiree Kenneth Walters of Northport said he’s still confused about a new state law passed this year that was supposed to clarify who qualifies for state and local property tax exemptions. He and several other West …

Iowa gov favors federal online sales tax proposal – MSN Money

Branstad asked Iowa’s U.S. senators, Republican Charles Grassley and Democrat Tom Harkin, to vote for the proposal, which would provide a streamlined approach for Iowa and other states to consistently enforce sales tax laws. The plan is being …

Branstad favors federal online sales tax proposal – San Francisco Gate

Branstad asked Iowa’s U.S. senators, Republican Charles Grassley and Democrat Tom Harkin, to vote for the proposal, which would provide a streamlined approach for Iowa and other states to consistently enforce sales tax laws. The plan is being considered by … Continue reading

Why Mitt Romney’s tax returns don’t matter – Philadelphia Daily News

I mean, what? Rich people use tax laws to stay rich? That’s news? The whole thing’s a dopey distraction intended to keep folks focused on Mitt’s money so that they don’t focus on the lack of their own. Searchlight attention … Continue reading

Property tax to replace politically unpopular law enforcement fee; other taxes detailed – Deseret News

Salt Lake County’s politically unpopular law enforcement fee is going away, to be replaced by a property tax assessment by the Salt Lake Valley Law Enforcement Service Area. SALT LAKE CITY — Salt Lake County’s politically unpopular law …

Europe’s Juggling Act: Cuts, Tax Hikes, Bailouts – The Fiscal Times

On the face of it, last week did not look like a very good one for Europe—not if you think it is time to push growth as well as fiscal discipline. Just days after Spain announced a $79 billion package … Continue reading