Tax Articles

Republicans on Hill, Campaign Trail Reject Obama Oil Tax

12:34 PM, Feb 05, 2016

The latest dead-on-arrival lame-duck proposal from the White House came Thursday. In a statement about its “21st Century Clean Transportation System" plan, the Obama administration said it would pay for new infrastructure spending with a "new fee paid by oil companies." Here's an excerpt:

So to meet our needs in the future, we have to make significant investments across all modes of transportation. And our transportation system is heavily dependent on oil. That is why we are proposing to fund these investments through a new $10 per barrel fee on oil paid by oil companies, which would be gradually phased in over five years.

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Don't Crash the Cadillac Tax, GOP

7:30 AM, Dec 15, 2015

When the Democrats passed Obamacare (without a single Republican vote), part of how they were allegedly going to pay for it was through a "Cadillac tax" on expensive employer-based insurance. Yet, this week, many Republicans are working with Democrats to delay or even repeal this tax. For three reasons, Republicans' constituents shouldn't be at all happy about these efforts.

First, this is an attempt to "fix" Obamacare, something Republicans shouldn't be in the business of trying to do. Second, it would actually make Obamacare even more expensive and hence even worse—while at the same time letting Democrats off the hook for their policy choices and causing corporate lobbyists to lose a significant portion of their

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Hillary Unveils 'Profit Sharing' Tax Plan

3:46 PM, Jul 16, 2015

Hillary Clinton has unveiled a "profit sharing" tax plan. The details of the plan have been published on her website.

"Clinton’s Plan for a Profit Sharing Tax Credit," the headline of the item on Clinton's website reads.

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Taxing Cadillacs

3:44 PM, Jul 13, 2015

Among the Affordable Care Act’s many features is a tax on high dollar health insurance coverage that is part of an individual’s employment compensation. The thinking is that someone who is self-employed or doesn’t have employer provided coverage pays for health insurance with after-tax dollars so it isn’t fair that others should get this in-kind, untaxed income.

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Will GOP Senators Cave on the Medical Device Tax Like the House Did?

8:53 AM, Jun 20, 2015

After the Democrats passed Obamacare without a single Republican vote, Republicans generally (and wisely) united around the notion that they shouldn’t pursue partial repeal or “fixes” to Obamacare.  Rather than willingly giving Obamacare a newly bipartisan sheen, they publicly committed to repealing it in full.  (The only exception to this partial-repeal moratorium was supposed to be

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IRS Employee Indicted for Filing False Tax Returns

Fraudulent 2010 BP Gulf Oil Spill Claims
6:10 PM, Feb 20, 2015

A former IRS tax examiner was indicted Friday along with three conspirators

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White House 'Going After' Corporations Over Tax Inversion

4:01 PM, Aug 13, 2014

White House Principal Deputy Press Secretary Eric Schultz told reporters Wednesday that the White House is studying ways to go after U.S. corporations that elect to undergo a process known as “inversion” and become a foreign-based corporation.

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The Case for a Carbon Tax

9:31 AM, Jul 17, 2014

Conflate two separate issues and you get one policy error. That is what too many opponents of carbon taxes are doing, getting caught up in the argument about climate change, which really has nothing to do with the case for a carbon tax. That case is that such a tax can make growth-inducing tax reform easier to achieve, and reduce the need for an expansion of the regulatory state, while protecting the competitiveness of our industries.

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Political Class Idle as Tax Inversions Continue

11:00 PM, Jun 27, 2014

To meteorologists, an inversion is a deviation from the normal change of an atmospheric property. It can lead to pollution and adverse health effects. To Wall Street dealmakers, and now to most boards of directors, an inversion is a cross-border merger that allows the buyer to reincorporate in a more tax-friendly jurisdiction.

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IRS: Obamacare Raised Taxes for Some Children

7:31 AM, Mar 25, 2014

When the Affordable Care Act was passed in 2010, one provision was a new 3.8 percent Net Investment Tax effective in 2013.

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The Beijing Ploy

11:04 AM, Dec 19, 2013

As Alex Roarty  of National Journal reports:

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Maryland Delays Obamacare Small Business Exchange, Jeopardizes Tax Credits

1:02 PM, Nov 13, 2013

In mid-October, the Maryland Health Benefit Exchange quietly postponed all of the forums it had scheduled to inform small businesses about the Small Business Health Options Program (SHOP), as we reported.

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Claim: 'Unions May Get Health Law Tax Relief'

11:49 AM, Nov 06, 2013

It looks like labor unions might be getting tax relief from Obamacare, according to a report from

"Weeks after denying labor’s request to give union members access to health-law subsidies, the Obama administration is signaling it intends to exempt some union plans from one of the law’s substantial taxes," reads the report.

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Most Popular Question at How to Get Exemption From Lack-of-Coverage Penalty Fee?

11:25 AM, Sep 30, 2013

One day away from the launch of the Obamacare marketplaces, the question most on the minds people visiting the website is not about coverage, but rather about avoiding the penalty, or tax, for not having health insurance. As of Monday morning, here is how the website listed its "Most Popular" items:

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Harry Reid Calls Obamacare Medical Device Tax 'Stupid'

12:36 PM, Sep 26, 2013

Senate majority leader Harry Reid called the Obamacare medical device tax "stupid" at a briefing today on Capitol Hill:

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Obamacare Medical Device Tax Causes One Company to Lay Off Over 1,000 People

8:17 AM, Sep 10, 2013

A Grand Rapids, Michigan report on a company that had to lay off over 1,000 people due to the Obamacare medical device tax:

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Latest Sequestration Victim: Corporate Tax Credits

1:26 PM, Aug 13, 2013

Sequestration has been blamed for everything from cancelled White House tours to military cutbacks that threaten national security to government worker furloughs.

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HHS: Small Businesses May Keep Current Health Plans in 2014, But Will Lose Tax Credit

3:37 PM, Jul 29, 2013

When the Affordable Care Act passed in 2010, one provision that kicked in immediately was a Small Business Health Care Tax Credit.  The IRS explains how the fairly generous credit works:

For tax years 2010 through 2013, the maximum credit is 35 percent for small business employers and 25 percent for small tax-exempt employers such as charities...

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We Won't Tell, Promise

7:31 AM, Jul 25, 2013

If you are a U.S. senator and have a cool idea about taxes but are worried to speak it aloud for fear some of your constituents will peel your hide off in small strips ... well, there is hope.  A couple of your colleagues have come up with a plan.

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North Carolina to Cut, Reform Taxes to Boost Economy

7:10 PM, Jul 15, 2013

Republicans forged ahead in their effort to transform North Carolina into a reliably red state, with Gov. Pat McCrory and top legislature leaders agreeing Monday on a tax cut plan to boost economic growth and job creation.

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House to Consider Tax on New Flu Vaccines

9:52 AM, Jun 18, 2013

The House of Representatives is scheduled Tuesday to consider a bipartisan bill to add new seasonal flu vaccines to the IRS definition of taxable vaccines.  The Senate has already reached an agreement to vote on its version of the bill without further debate if the House passes an identical version.  If passed into law, all new flu vaccines would become subject to the 75¢ per dose vaccine tax, and also become eligible to be included in the Vaccine Injury Compensation Program (VICP).  A summary of the bill provided by the House Republican Conference explains:

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Apples & Lemons

10:57 AM, May 29, 2013

Bernie Becker and Kevin Bogardus write in The Hill that, according to “two top tax writers on Capitol Hill ... the case for tax reform has been strengthened by the recent revelations about Apple’s tax tactics and the Internal Revenue Service’s targeting of conservative groups.”

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Dem. Congressman on IRS Scandal: 'More Important than One Election'

9:31 AM, May 22, 2013

The Democratic ranking member of the House Oversight Committee, Elijah Cummings, said that today's IRS hearing "is more important than one election":

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Who’s Responsible for the Executive Branch?

12:13 PM, May 17, 2013

In his prepared remarks on the IRS’s targeting of his political opponents, President Obama said that “we’re going to hold the responsible parties accountable,” but only once we determine “who is responsible.”  In today’s Wall Street Journal, Kim Strassel offers some helpful thoughts on determining responsibility, writing that it’s really not all that hard — and, indeed, it’s not.

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Trick Question

11:01 AM, May 14, 2013

Richard Rubin at Bloomberg poses the following head scratcher:

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Taxation After Lots Of Representations

11:00 PM, May 10, 2013

Governments everywhere are on the prowl for more revenues. French president François Hollande wants to tax incomes in excess of 1 million at a 75 percent rate. Britain’s chancellor of the exchequer, George Osborne, has jacked up VAT.

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Boehner: 'Probably' Won't Support Internet Tax Bill

6:14 AM, May 08, 2013

House speaker John Boehner might support the Internet tax bill. But it isn't too likely, he indicated in an interview with Bloomberg Television.

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Not a Tax Increase?

1:54 PM, Apr 29, 2013

The mayors of America have blessed the Marketplace Fairness Act, as Tom Cochran, CEO & executive director of the U.S. Conference of Mayors, writes in Real Clear Politics.

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Congress Prepares $100 Million Bipartisan Flu Tax

6:32 AM, Apr 25, 2013

Congress is preparing to take action on a bipartisan proposal to raise taxes on flu vaccines. This is not a tax on the wealthy, but rather on a broad swath of Americans, or at least those who choose to be immunized against the flu.

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Obama's Budget to Contradict 'Consensus Among People Who Know the Economy Best'

9:30 AM, Apr 10, 2013

Mark Knoller from CBS News reports this morning that President Obama, in a statement in the Rose Garden, “will stress his budget’s top objective is to boost the economy and create jobs.” To do that, he’ll have to contradict what he previously described as “the consensus among people who know the economy best.

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