Tax Law

House GOP trying to fast-track tax cut bill for wealthy and corporations – Raw Story

Paul Ryan (R)’s proposed budget plan, would increase taxes on families making less than $200,000 a year and repeal tax credits for low-income Americans signed into law by President Obama. Republicans hope to bring the new bill to a vote … Continue reading

Cuban Highlights: New Tax Law and Readiness to Talk with USA – La Prensa Latina

28 de julio de 2012, 10:40Havana, July 28 (Prensa Latina) A tax law slated to replace the one in force since 1994 and the announcement by President Raul Castro about CubaâÖs readiness to talk with the United States on equal … Continue reading

Obama Calls on House to Act on Tax Cuts – Voice of America

U.S. President Barack Obama has called on Republicans in the House of Representatives to vote what he says is “the right way” on tax cuts. In his weekly address Saturday, Obama urged Republicans to stop holding tax cuts for middle … Continue reading

Changes urged in tax laws to remove doubt – yorkshirepost

The news that the Government is planning to name and shame tax cheats has been broadly welcomed, but tax experts are calling for new legislation to remove the grey areas so there is no room for doubt. The new rules … Continue reading

Romneys Have Tax Deduction With Olympic Hopes on Rafalca – Bloomberg

Paul Husband, an attorney in Universal City, California, who helped establish Rob Rom Enterprises, declined to comment about his clients, though he spoke generally about horse tax law. In 2010, the only complete year of tax returns that the …

Should charities still be tax-exempt? – The Christian Science Monitor

Increasingly, these organizations are straying from the charitable work that drove Congress to grant them tax-exempt status in the first place. Instead, they are using the law to avoid tax on business profits or mask the identities of big-bucks …

Indiana company scraps plans for expansion over ObamaCare device tax – FOX News

An Indiana-based medical equipment manufacturer says it’s scrapping plans to open five new plants in the coming years because of a looming tax tied to President Obama’s health care overhaul law.  Cook Medical claims the tax on medical devices …

New York triples its post-production tax credit – Los Angeles Times

New York Gov. Andrew Cuomo has signed into law a bill which triples that state’s post-production tax credit, a punch in the gut to Southern California’s own film and TV community already struggling to keep business in the Golden State.

Kirsten Gillibrand Puts Tax Returns Online – Huffington Post

posting her state and federal tax returns online. Gillibrand has made a point of publicizing her legislative funding requests and schedules on her website, and led the push this year to pass the Stock Act to curb potential insider trading … Continue reading

CBO: Obamacare Will Spend More, Tax More, and Reduce the Deficit Less Than We Previously Thought – Forbes

Note that these totals exclude the impact of the exchange subsidies, which are tax credits and therefore get scored by the CBO as “reducing taxes” even though they functionally are spending measures. The revenue increases in the law include …