The boss reported this morning on CBS that Republicans will unveil an alternative to Obamacare tomorrow in the Senate:
Said host Bob Schieffer, "Bill, you actually have some news, I understand, because you've learned that the Republicans are going to, what, present an alternative to Obamacare?"Read more
A report issued in September and released this week by the IRS's Treasury Inspector General for Tax Administration (TIGTA) found continuing problems with the agency's Volunteer Program, which provides free tax preparation and electronic filing for "low- and moderate-income, elderly, disabled, and limited-English-proficient taxpayers."Read more
Senate majority leader Harry Reid says that "Everybody" is "willing to pay more" taxes. He said so in an interview with a Nevada Public Radio host.Read more
For much of the last century the United States was the world’s beacon for capitalism, but these days we’re far from such a lofty perch. Since the end of the Cold War, countries on both sides of the Iron Curtain have moved to reduce the role of government in the economy by changing the tax code as well as by privatizing government activities.Read more
A Grand Rapids, Michigan report on a company that had to lay off over 1,000 people due to the Obamacare medical device tax:Read more
Sequestration has been blamed for everything from cancelled White House tours to military cutbacks that threaten national security to government worker furloughs.Read more
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...Read more
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.Read more
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.Read more
New York City
"Look up the definition of poaching,” Rick Perry told his press secretary Josh Havens. Perry was annoyed at being accused, in headlines and news stories and by Democratic governors, of trying to “poach” companies from blue states and carry them off to Texas, where he is governor.
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:Read more
Congressman Jim McDermott, a Democrat, said that the groups targeted by the IRS had it coming since they filed paperwork seeking a special tax status with the federal government:Read more
Today, President Obama personally became re-involved in his former campaign organization's new incarnation Organizing for Action. On the same day he is scheduled to appear at two DCCC fundraisers in Chicago, the president of the United States sent the following email to OFA's mailing list, signed "Barack":Read more
The Internal Revenue Service has come under heavy criticism from both Republicans and Democrats in recent days after an inspector general's report detailed "inappropriate criteria" used to identify certain applications of mainly conservative organizations for special review resulting in long delays in processing and invasive inquiries.Read more
The Democratic ranking member of the House Oversight Committee, Elijah Cummings, said that today's IRS hearing "is more important than one election":Read more
Texas senator John Cornyn asked former IRS chief Douglas Shulman to apologize to his constituents for the IRS's wrongdoings. Shulman refused. Here's the exchange:
"Mr. Shulman," said Cornyn, "I wonder if you have any words of apology for my constituents and others who feel like the public trust has been violated by IRS."Read more
The inspector general who filed the report on the IRS targeting conservatives and former IRS commissioner agree: The law is relevant. The statements were made at a hearing today on Capitol Hill:
The statements are in response to Obama adviser Dan Pfeiffer who said over the weekend that the "law is irrelevant":Read more
President Barack Obama's former chief of staff, Jack Lew, the current treasury secretary, said today at a Capitol Hill hearing that he was aware "questions had been raised" about the IRS when he was at the White House:
"I was not aware of this audit until I met with the inspector general on March 15, 2013," Lew says.
A senator follows-up, "Had you heard of anything at the White House regarding -- "Read more
Testifying today on Capitol Hill, Douglas Shulman, the former IRS commissioner, says he "can't say" how the targeting of conservatives by the agency he once led happened:
A senator asks, "If you could just very quickly, in a nutshell, bottom-line: How did this happen?"
"Mr. Chairman," Shulman says, "I can't say that I know that answer."
"But you were commissioner," says the senator.
"I'm six months out of," Shulman started.Read more
Texas senator John Cornyn has released this video, titled "A Culture of Intimidation," about the IRS's targeting of conservatives in his home state and across the nation:Read more
The thoughtful Carl Cannon has written a piece, "Richard Milhous Obama," concluding that our current president has more in common with our 37th than President Obama's partisans would like to acknowledge. The estimable Victor Davis Hanson has weighed in, defending against liberal dissents the proposition that "Nixon Is a Fair Comparison" with Obama.Read more
Obama aide Dan Pfeiffer was asked on TV this morning whether he thinks the IRS actions violated the law:
"Look, I can't speak to the law here," he said. "The law is irrelevant. The activity was outrageous and inexcusable."Read more
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