Category Archives: Tax

Senate Supports Debt Plan –

Posted on 2. August 2011 by Jim Sutliff

The Senate voted 74-26 in support of the debt plan.  The plan was supported by 46 Democrats and 28 Republicans.  The plan is expected to cut spending by $2.4 trillion and raise the debt ceiling by $2.1 trillion.  However, most of … Continue reading →

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Republican Camp Talks Debt Deal –

Posted on 23. July 2011 by Jim Sutliff

Republican Congressman Dave Camp predicted that there will be a compromise to raise the $14.3 trillion debt ceiling by August 2nd.  Camp would like the debt deal to include an overhaul of the tax code.  In addition, Camp has indicated that any … Continue reading →

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Republicans Talk Taxes –

Posted on 6. July 2011 by Jim Sutliff

Republican Representative Eric Cantor indicated that there could be a compromise on tax loopholes.  Republicans and Democrats have been in talks about raising the $14.3 trillion debt ceiling and have been negotiating tax loopholes, tax increases, and spending cuts.  The … Continue reading →

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U.S. Firms Head For Tax Havens –

Posted on 24. June 2011 by Jim Sutliff

U.S. firms are heading to tax havens in greater numbers than in the past.  Increased regulations and tax burdens are factors considered by companies that are going public or relocating.  Bermuda and the Caymen Islands are two popular locations for … Continue reading →

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Free Trade Deals Set To Pass –

Posted on 16. June 2011 by Jim Sutliff

Congress is set to pass free trade deals for South Korea, Columbia, and Panama.  The free trade deals are expected to be sent to Congress from the Obama administration.  The trade agreements have strong support in the Republican controlled House and enough … Continue reading →

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Estate Tax Law –

Posted on 5. June 2011 by Jim Sutliff

Kiplinger’s has an article on the estate tax law and the portability feature.  The article also discusses the expiration of the current provision at the end of 2012.  In addition, the article provides examples of unintended consequences of the estate tax law.  To … Continue reading →

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Debt Ceiling Increase Voted Down –

Posted on 1. June 2011 by Jim Sutliff

A measure that would have increased the U.S. debt ceiling by $2.4 trillion was voted down in the House of Representatives.  The House voted 318-97 with 236 Republicans and 86 Democrats voting against the legislation.  For passage, the measure required 277 votes or two thirds … Continue reading →

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Deficit Cuts May Effect Rates –

Posted on 14. April 2011 by Jim Sutliff

Political pressure to cut the deficit has led Republicans and Democrats to propose spending cuts.  The cuts could have an effect on the steps taken by the Federal Reserve.  The Fed is more likely to keep rates at or near the current low rate due to lower … Continue reading →

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Obama Deficit Cuts –

Posted on 13. April 2011 by Jim Sutliff

Obama brought the budget battle to the national media with a speech this afternoon.  Obama promised to cut the deficit by $4 trillion over the next 12 years.  The Obama budget plans to use spending cuts and tax increases to achieve the … Continue reading →

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Millionaire Tax –

Posted on 26. March 2011 by Jim Sutliff

The millionaire tax is a hot button tax issue in  several states.  The results from an increased tax rate for high earners are questioned by many analysts.  Supporters of the millionaire tax argue that it increases revenue and effects a very small percentage … Continue reading →

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Tax Rate Cut –

Posted on 18. March 2011 by Jim Sutliff

The House Ways and Means Committee on tax writing will propose tax rate cuts for individuals and corporations.  The highest tax rate proposed will fall from 35% to 25%.  There are no specific details regarding a timeline or which offsetting tax breaks would … Continue reading →

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The Drudge Report –

Posted on 16. March 2011 by Jim Sutliff

The Drudge Report is a premier site that provides coverage of business, politics, and world events.  The Drudge Report has valuable links to sites and articles in an easy to read format.  To visit The Drudge Report, please click here: http://www.drudgereport.com/ James Sutliff

Posted in Administrative, Business, Congress, DC, Democrat, Dodd-Frank, Economy, Election, Energy, Environment, Estate Tax, Federal Reserve, Fundraising, General, Governor, Healthcare, Infrastructure, Politics, Presidential, Real Estate, Regulatory, Republican, RNC, Tax, Trade | Leave a comment

Making Work Pay Credit –

Posted on 7. March 2011 by Jim Sutliff

Bankrate.com provides a tax guide that can be of assistance this tax season.  A recent article discusses that Making Work Pay tax credit.  The article outlines the income limits for the tax credit and the reasons to file a schedule M with your return.  To … Continue reading →

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House Votes To Cut Spending –

Posted on 21. February 2011 by Jim Sutliff

The House of Representatives voted 235-189 to cut spending by $61 billion dollars.  The vote was along party lines with most Republicans voting for the bill which had deeper spending cuts than originally proposed.  Democrats are expected to make significant changes to the bill … Continue reading →

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Oil Industry Oversight –

Posted on 11. February 2011 by Jim Sutliff

 The National Commission on the BP Deepwater Horizon Oil Spill released some of their findings to the House Committee on Transportaion and Infrastructure.  One finding addresses the need for stricter oversight of drilling by receiving $200 million in funding from … Continue reading →

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