Tax Law

Speaker Boehner pledges to rip out healthcare law ‘by its roots’ – Los Angeles Times

Boehner pledged Sunday that his caucus would “rip [the healthcare law] out by its roots” in the wake of the … and if you don’t like it, we’re going to tax you. It has to be ripped out and we … Continue reading

Lew, McConnell and the Word "Tax" – FOX News

Calling the new health care law the “single worst piece of legislation passed … clearly reluctant to agree with the Court’s definition of the penalty as a tax, argued that Americans should take into account the number of tax cuts … Continue reading

Lew doesn’t see health care law as a tax hike – Politico.com

White House chief of staff Jack Lew is rejecting arguments that the Supreme Court ruling upholding the core of President Barack Obama’s signature health care law means Obama broke promises not to hike taxes on the middle class. Lew said … Continue reading

A tax or a penalty? Romney, Obama camps debate healthcare ruling – Baltimore Sun

Campaign supporters of Obama sought to blunt Republican criticism that the law will amount to a new tax increase on Americans. A 5-4 majority ofU.S. Supreme Court justices ruled the law constitutional on Thursday by saying it falls under …

The power of making tax law – Grand Island Independent

Still looking for a challenging summer reading idea? How about something that is 3 million words long, mind-numbingly complex, and panned by all who have reviewed it? We are referring to the book that contains the U.S. Tax Code. Poll … Continue reading

New state laws go into effect on Sunday – Miami Herald

Some of the other laws with July 1 effective dates would enlarge Scott’s power over state rule making, restore tax credits for renewable energy and expand online learning for elementary school students. There are also tax breaks for businesses …

Analysis: GOP sees tax opening in Obama court win – msnbc.com

And the Republican will have a new anti-tax argument, thanks to the high court. On the policy front, Thursday’s Supreme Court decision was a huge victory for Obama. It’s trickier politically, however, because the court upheld the health care law … Continue reading

White House Sticks to Individual Mandate as ‘Penalty,’ Not Tax – YAHOO!

The White House and the Obama campaign today insisted that the individual mandate in the president’s health care bill is a “penalty,” not a tax, despite the Supreme Court’s ruling to uphold the law under Congress’ taxing power. “For those … Continue reading

Carbon Polluters, Coal Miners Paying in Australian Tax Overhaul – Bloomberg

Gillard’s law creates a new tradable commodity. Each permit carries the right to emit one metric ton of greenhouse gases in Australia. While a fixed price on carbon is different from a tax, which is used in some Scandinavian countries … Continue reading

Income tax rate rising for state’s high-earners – Baltimore Sun

High-earners in Maryland will feel a financial pinch as employers start withholding more money from paychecks to accommodate the higher income tax rates approved by the General Assembly in May and signed into law by Gov.Martin O’Malley.