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Category Archives: Tax
Senate Democrats Target Oil Industry –
Senate Democrats are attempting to eliminate tax breaks for the oil industry. In a recent letter, Senate Democratic leaders asked House Speaker Boehner to remove tax breaks for the oil industry to help cut spending. The letter was signed by Senate … Continue reading
Posted in Administrative, Business, Congress, Democrat, Economy, Election, Energy, General, Infrastructure, Politics, Presidential, Regulatory, Republican, Tax, Trade
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Health Care Repeal Voted Down –
The Senate voted on party lines against repealing the health care overhaul. The outcome was expected with the final vote being 51-47. However, there was a change made to health care law which affects small businesses. The Senate voted 81-17 to remove a requirement … Continue reading
Posted in Administrative, Business, Congress, Democrat, General, Healthcare, Politics, Regulatory, Republican, Tax
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Illinois Tax Hike –
Illinois is on the verge of a massive tax increase that would raise the individual income tax rate to 5%. The Illinois Policy Institute reported that it would increase taxes on a family of three making $60,000 by almost $1,100 per year. All 48 Republican members … Continue reading
Posted in Administrative, Democrat, Economy, General, Republican, Tax
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Payroll Tax Cut –
2011 Payroll Tax Cut The payroll tax cut will lower the tax by 2% from 6.2% to 4.2% for the first $106,800 in 2011. That could add up to as much as $2,136 dollars. The tax cut was signed into law on … Continue reading
Posted in Administrative, Economy, General, Tax
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Proposed Estate Tax –
The estate tax legislation proposed by the Senate is expected to face a tough fight on Monday from members of both parties. The Wall Street Journal has a solid article on the proposed bill and provides a breakdown of some key issues. … Continue reading
Posted in Administrative, Democrat, Estate Tax, General, Politics, Republican, Tax
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Delay On Tax Vote –
The vote on extending the Bush era tax cuts is likely to be delayed until negotiators meet this week. Extension of the tax cuts for individuals earning $200,000 or less and married couples earning $250,000 or less is supported by both parties. However, … Continue reading
Posted in Administrative, Estate Tax, General, Tax
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Tax Code Overhaul –
A comprehensive overhaul of the tax code could take place in the near future. Recently, Treasury Secretary Timothy Geitner indicated that the tax code was in need of a major overhaul. Congressional Republicans have also supported an overhaul of the … Continue reading
Posted in Administrative, Business, Congress, Democrat, Economy, Estate Tax, General, Politics, Regulatory, Republican, Tax
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Tax Cut Compromise –
Barack Obama is moving in the direction of a tax cut compromise during the lame duck session. Tax rates will rise in 2011 if action is not taken to keep the Bush tax cuts. The White House has also indicated that … Continue reading
Posted in Administrative, Business, Congress, Democrat, Economy, Election, Estate Tax, General, Politics, Regulatory, Republican, Tax
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Beltway Business –
A recent Business In The Beltway article on Forbes discusses the priorities of the new Congress. Republican victories in the House and Senate have changed the political landscape and are likely to shift policies on tax. Tax will almost certainly be … Continue reading
Posted in Administrative, Business, Congress, Democrat, Economy, Election, Energy, Estate Tax, General, Healthcare, Politics, Regulatory, Republican, Tax, Trade
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Prepay Estate Taxes –
Estate Taxes are growing as a campaign issue and candidates are starting to listen to the voters. Repealing the estate tax is one option that is being supported by some lawmakers. A possible compromise has been suggested by Democratic Senator Cantwell of Washington. … Continue reading
Posted in Administrative, Election, Estate Tax, General, Politics, Republican, Tax
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Killing The Death Tax –
The elimination of the estate tax is a growing issue on the campaign trail this year. Over 250 congressional candidates have pledged to eliminate the tax. Also, the possibility of eliminating the estate tax is a good fundraising tool for some candidates. … Continue reading
Posted in Administrative, Congress, DC, Democrat, Election, Estate Tax, General, Politics, Tax
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Kudlow Commentary –
Larry Kudlow has written an article on the economy, stock market, and the coming elections. The article can be found on Real Clear Politics and it is well worth the time to read. Kudlow discusses recent economic data, possible trade … Continue reading
Posted in Administrative, Business, Congress, DC, Democrat, Election, General, Politics, Regulatory, Republican, Tax, Trade
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Estate Tax At 0% –
The estate tax is at 0% until the end of 2010 and that is creating a great deal of estate planning activity. Unless Congress takes action the tax will rise to 55% in 2011. Senators Kyl and Lincoln have proposed a plan … Continue reading
Posted in Administrative, Estate Tax, General, Regulatory, Tax
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Democrats Postpone Tax Vote –
The Democrats have postponed a vote on the Bush era tax cuts until after the election. Democrats expect to have the votes to pass the Obama tax plan which lets some of the Bush tax cuts expire. There is a likelihood that … Continue reading
Posted in Administrative, Congress, Democrat, Election, General, Politics, Regulatory, Republican, Tax
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Last Four Years –
The last four years of economic policies from the Democratic Congress are a subjest of an article in the Wall Street Journal. The Opinion Journal article discusses the Democrats retreat on tax policy as they close in on the elections. Republicans are … Continue reading
Posted in Administrative, Congress, DC, Democrat, Election, Estate Tax, Politics, Regulatory, Republican, Tax
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