Posts Tagged ‘Charles Schumer’

Don’t Turn Over IRS Debt Collections to Private Contractors

The latest example of why bipartisanship is not necessarily good: A bill proposed by senators Chuck Schumer (D-NY) and Pat Roberts (R-KN) to require the IRS to hire private debt collectors. The last time Congress made the IRS try this, the agency lost money. It was a terrible idea then and it is a terrible idea now. Schumer and Roberts slipped […]

Why A Repatriation Tax Holiday is Still a Bad Idea

In another one of those bad ideas that never seem to go away, Congress may be about to grant a huge tax break to multinational companies that have stashed earnings in their foreign subsidiaries. A temporary tax holiday for firms that return those profits to the United States is the latest evidence that bipartisanship is […]