Update 782 — Direct File Passes TrialIRS Offers Taxpayers Streamlined DIY How did you prepare and file your tax returns this year? Did you spend hours doing paperwork, trying to figure out which deductions you qualify for? Did you give the paperwork to a tax preparation firm that filed on your behalf for a fee? …
Update 598 — The Joke That’s on U.S.Tax Prep Making Taxpayers April Fools The March jobs report BLS dropped this morning. The U.S. hiring spree continued in March, with employers adding 431,000 jobs. The unemployment rate fell to 3.6 percent from 3.8 in February. More jobs mean more people filing taxes, following a scramble by many to …
Update 569 — BBB and Equity:What the Tax Provisions Mean Six months ago, the Treasury Department released the Green Book detailing President Biden’s vision for a more equitable tax system, aimed at getting large firms and the very wealthy to pay their fair share. The key elements of this initiative are pending in Congress in the Build …
Update 318: Tax Extenders Time is Here; Perennial Policy Debate is Itself Debated No holiday season on the Hill is complete without a tax extenders bill to re-up the temporary tax breaks expiring that given year. A policy perennial, the annual debate can be seen as a natural way to review and renew breaks not …
Update 312: Economic Policy Implications of the Midterms and the 116th Congress The result of last week’s midterms will have important ramifications for economic policy during the 116th Congress. Democrats have taken the majority in the House and will take majority control of key committees setting the legislative agenda. More than 100 women were projected …
Economic Policy Implications of the Midterms (November 13) Read More »
Update 267 — If Charity Begins at Home, Tell it to the Congressional Majority First This month marks the fiftieth anniversary of the Fair Housing Act’s signing. That landmark Act authorized the Department of Housing and Urban Development (HUD) to limit discrimination in housing. While HUD has helped millions of Americans find stable, affordable housing, …
Update 264 — GOP Double-Down Hair-Doo: Liked the Tax Cut? How about a Perm? While today marks the last day Americans will file their taxes under the old tax code, a number of Americans have already seen their paychecks influenced by lower tax withholdings. Republicans wasted little time celebrating the Tax Cuts and Jobs Act …
Mike & Co., As Donald Trump continues the drawn-out process of providing details of his tax agenda, it has become abundantly clear that his plan stands to benefit the rich at the expense of lower- and middle-class Americans. Even more audacious — he appears to be running with three Achilles heels: the Trump loophole, whereby pass-through …
Mike & Co., In a couple of hours, when Donald Trump takes the stage in Cleveland in a couple of hours to accept the GOP presidential nomination, it’s a good bet he won’t say much about his tax plan. With good reason: he doesn’t have one. Yesterday, Trump’s campaign announced that the candidate is preparing a …
Mike & Co. — Last week, the House GOP capped off a month of policy events, announcing a new tax reform plan. The proposal is aimed not only at getting the fractious caucus on the same page on an issue long a top GOP priority but also at creating some space between Congressional Republicans and …
