Bush-Clinton, Read My Lips —‘Hard Choices’ Redux
First Bush, then Clinton. Then Bush, and now Clinton again? The scenario itself is not new. Hillary Clinton faced it before, in 2008 (in today’s edition of look how young they all looked): Yet the...
View ArticleTreasury Starts on Tax Report, Decade Later
The wheels of the federal government can grind very, very slowly, as Sen. Charles Grassley found out this week. Grassley, an Iowa Republican, has been pestering the Treasury Department to finish a...
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Walgreen Chided For Tax-’Dodge’ Prescription: Harry Reid
Photograph by Daniel Acker/BloombergBalloons in the “Health Corner” conference room, used to host customer programs with local doctors and heathcare experts, at a Walgreen Co. store in Chicago.Five...
View ArticleObama: ‘Gaming the (Tax) System’
It’s a matter of “economic patriotism,” President Barack Obama says. Targeting the tax “inversions” that have enabled American companies to merge with firms offshore and benefit from the lower tax...
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Pentagon’s Back Taxes: Security Issue?
Thousands of Pentagon employees owe back taxes, the GAO says. Approximately 83,000 Pentagon employees and contractors eligible to receive classified information owed more than $730 million in back...
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IRS Needs Commission Bosses: Report
Photograph by Andrew Harrer/Bloomberg *John Koskinen, commissioner of the Internal Revenue Service (IRS), swears in to a House Oversight and Government Reform Subcommittee hearing in Washington, D.C.,...
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Sticks and Stones: Lerner’s Permit
Photograph by Pete Marovich/Bloomberg *Lois Lerner, the director of the Internal Revenue Service’s (exempt organizations office, during a House Oversight and Government Reform Committee hearing in...
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Bloomberg by the Numbers: $13.1 Billion
Photograph by Andrew Harrer/BloombergThe Internal Revenue Service headquarters stands in Washington, D.C. That’s how much the Internal Revenue Service collected in estate taxes in fiscal year 2013. The...
View ArticleTax-Writer’s Departure a Signal — Dave Camp’s Plan for Another Day
We just got even more proof that Congress won’t revamp the tax code this year. Ray Beeman, the behind-the-scenes writer of the House Republican tax plan, is leaving the Ways and Means Committee today...
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Obama: No ‘Twiddling Thumbs’
Photograph by Andrew Harrer/Bloomberg President Barack Obama arrives to speak before signing an Executive Order titled “Fair Pay and Safe Workplace” in the South Court Auditorium of the Eisenhower...
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