Tax Law
Small-business tax break for new hires advances in Senate – Los Angeles Times
But it is likely to run into resistance later in the week as Republicans seek to tack on more controversial amendments, including those that would repeal the nation’s healthcare law or extend the tax breaks enacted during the George W.
Tax cut season in Washington – Los Angeles Times
The tax cuts signed into law by President George W. Bushare set to expire at the end of December, and the resulting increase in tax bills could be large enough to stall the already struggling economy. On Monday, President Obama … Continue reading
Obama’s tax hypocrisy – Washington Times
Well, guess what? There are 21 tax increases in this health care law, and at least a dozen of them hit the middle class.” Senate Minority Leader Mitch McConnell is pushing to get the repeal a vote in the Democrat-controlled … Continue reading
Tax Lien Sales: Elderly Are Losing Homes While Investors Reap Profits – consumer affairs.com
Outdated state laws that permit local governments to sell property through a tax lien foreclosure process if the owner falls behind on property taxes (owing as little as $400) are fueling a second nationwide foreclosure calamity, according to a report … Continue reading
Govt mishandling on retro tax, GAAR scared investers: BJP – MSN India
The main Opposition party suggested that Prime Minister Manmohan Singh and former Finance Minister Pranab Mukherjee were not on the same page with regard to the retrospective amendment to tax laws against the backdrop of Vodafone case, leading to the … Continue reading
GOP: Stop Health Care Law, Stop Tax – Daily Beast
House Republicans are on a mission to repeal President Obama’s health care overhaul and they’re latching onto the wording of the Supreme Court’s recent decision two weeks ago. Though the conservative-led high court called the law …
Democrats block Senate vote on Obama tax plan – San Francisco Gate
An estimated 940,000 taxpayers reporting business earnings will earn enough money to see their tax rates rise in 2013 unless lawmakers act, according to Congress’ nonpartisan Joint Committee on Taxation. That is just 3.5 percent of taxpayers reporting …
Absurd” to equate voter ID law with poll tax: Sen. John Cornyn on Attorney General Eric Holder’s NAACP comments – Dallas Morning News (blog)
WASHINGTON — Texas Sen. John Cornyn blasted Attorney General Eric Holder this afternoon for trying to undermine Texas sovereignty, waging war on the state’s voter ID law and equating that law to a poll tax. Holder made that comparison Tuesday … Continue reading
GOP says ‘Affordable Care Act’ repeal also stops a tax – Everything Alabama Blog
WASHINGTON — House Republicans, stung by the Supreme Court decision upholding President Barack Obama’s health care overhaul, are seizing on one wrinkle to bolster their election-year case for repeal — the court’s judgment that the penalty …
Did health care ‘tax’ just blow up California’s careful budget plans? – The Christian Science Monitor
As a result, California Governor Jerry Brown’s November tax initiative – upon which his just-signed state budget depends – is more iffy than ever, say a host of analysts. Governor Brown’s plan would raise the state sales tax and the … Continue reading