Tag: ‘Paul Ryan’

A Speaker, A Speaker, Their Kingdom for a Speaker

By :: October 12th, 2015

Congress in recess. The Daily Deduction will return to its regular schedule on Monday, October 19. “Hey, hey Paul…” House Ways & Means Chair Paul Ryan remains under the glaring spotlight of a party that wants him to be the next Speaker of the House. Representative Tom Cole of Oklahoma believes he “is the right […]

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Thirty days, goodbye September, shutdown talks? Maybe in December.

By :: September 30th, 2015

About that possible government shutdown… The Senate passed a continuing resolution to fund the government through December 11. Senate Majority Leader Mitch McConnell and outgoing Speaker of the House John Boehner will meet with President Obama “soon” for budget negotiations, and the House is on track to approve a short-term spending bill, too. Now Congress […]

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Highway Follies: The Never-ending Story

By :: July 15th, 2015

The House has a short-term patch for the Highway Trust Fund… Late Monday night, the House Ways & Means Committee released a plan to cover the Highway Trust Fund with $8.1 billion through mid-December 2015. The patch would use revenue collected by tightening IRS compliance rules. The House could vote on the bill today. But […]

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Six-Year Road Funding, Renewals on Repeat, and Investigations

By :: July 13th, 2015

Highway funding: Will the House GOP play the long game? Ways & Means Chair Paul Ryan wants to pair international tax changes with six-year funding for highways, and he wants it done this year. To buy time to flesh out his plan to use revenue from a one-time tax on foreign profits of US companies, […]

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On Patience, Consistency, and Savvy

By :: June 17th, 2015

Corporate rate cuts: Maybe not this year, after all. Bloomberg reports that House Republicans have greater interest in reanimating expired tax breaks and changing the international tax system. What about cutting the corporate tax rate and the possible effect on small businesses? House Ways & Means Chair Paul Ryan says he’s worried about “exacerbating the […]

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Does Saying “No Chance” Increase the Chances of Reform?

By :: June 10th, 2015

The House votes to ban taxes on Internet access. Again. But senators still want to link the prohibition to a separate measure that would clarify the ability of states to require online sellers to collect sales taxes. Like that little icon you get when your computer is stuck: The two issues just keep on spinning. […]

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Revenues and Rate Hikes: What’s an Elected Official to Do?

By :: April 22nd, 2015

There’s a revenue surge in California. The state is exceeding its 2013 tax collections and beating 2014 forecasts. The Franchise Tax Board netted $7.6 billion in personal income taxes between April 1 and this past Monday. It collected $6 billion during the same period in 2014. The state’s school funding formula will direct nearly all […]

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Tax Ideas, A “Fix,” Limits and Honors

By :: April 14th, 2015

Paul Ryan and Orrin Hatch want businesses to share ideas on tax treatment of “pass-throughs.” As owners of pass-through businesses such as partnerships and sole proprietorships, millions of business owners pay their firms’ income taxes through the individual code. Both the GOP and the White House say they’d cut the 35 percent corporate rate, but […]

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On Tiny Steps, King Edward, and Hidden Assets

By :: March 4th, 2015

Tax reform: Go big or go home, or at least, not very far. TPC’s Len Burman says that senators Marco Rubio’s and Mike Lee’s proposal to eliminate the tax on capital gains would do more harm than good. The senators argue that it’s a step toward a consumption tax. But Len thinks some small steps […]

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Tax Fun in the Summertime?

By :: February 16th, 2015

Congress is in recess this week. The Daily Deduction will resume its regular schedule on Monday, February 23.  Tax reform’s narrow window, according to House Ways and Means Chair Ryan. “I just think knowing the way the budget process works on tax reform that if we haven’t done it in 2015, which is effectively through […]

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