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Tax Breaks

Breaking News: Education Creates Economic Stability!

Ronnie Musgrove | Posted 03.23.2015 | Politics
Ronnie Musgrove

In today's political environment, what was once common sense now requires empirical evidence. Education, more than any single factor, allows individuals the ability to get better jobs and provide for themselves and their families.

A Call to End Child Poverty Now

Marian Wright Edelman | Posted 04.01.2015 | Politics
Marian Wright Edelman

It is a national moral disgrace that there are 14.7 million poor children and 6.5 million extremely poor children in the United States of America -- the world's largest economy. It is also unnecessary, costly and the greatest threat to our future national, economic and military security.

The 529 Microcosm: A Revealing Political Train Wreck with Regard to an Inefficient Tax Break

Jared Bernstein | Posted 03.30.2015 | Politics
Jared Bernstein

This little train wreck over the White House's proposal and then retraction of a plan to cut back on a wasteful yet beloved tax benefit is highly instructive. It's a clear example of how much hot air there is in these fiscal debates.

Dave Jamieson

Obama To Propose Tax Hikes On Wealthy, Breaks For Middle Class

HuffingtonPost.com | Dave Jamieson | Posted 01.19.2015 | Politics

During his State of the Union address on Tuesday, President Barack Obama will lay out a plan to extend tax credits to the middle class by hiking taxes...

Michael Madigan Shifts on Comptroller Succession

Matthew Dietrich | Posted 03.10.2015 | Chicago
Matthew Dietrich

After weeks of discussion about what to do with the now-vacant Illinois comptroller's seat, House Speaker Michael Madigan has now said he supports the idea of a special election. This opinion comes after he previously stated he would support a four-year appointment by Gov.-elect Bruce Rauner.

Ben Walsh

Study Debunks Major Argument In Favor Of Corporate Tax Breaks

HuffingtonPost.com | Ben Walsh | Posted 12.22.2014 | Business

The most popular argument for cutting corporate taxes -- that it helps create jobs -- doesn’t seem to be true.

Congress Passes Tax Extenders: What You Need to Know

Lisa Greene-Lewis, CPA | Posted 02.18.2015 | Money
Lisa Greene-Lewis, CPA

Yesterday, the Tax Increase Prevention Act of 2014 was passed by Congress, temporarily and retroactively extending more than 50 tax breaks that expired on December 31, 2013, meaning you and other taxpayers out there may receive a little extra holiday cheer this season.

Senate Votes To Extend Tax Breaks Through December

AP | STEPHEN OHLEMACHER | Posted 02.15.2015 | Politics

WASHINGTON (AP) — Banks, retailers, commuters and teachers will keep their temporary tax breaks for another year after Congress gave final approval ...

Friday Talking Points -- 'Tis The Season

Chris Weigant | Posted 02.04.2015 | Politics
Chris Weigant

It's that magical time of year when the wee folk of Capitol Hill actually get something done. These brief bursts of activity only happen very rarely, of course, and always immediately proceed another one of the many, many long vacations Congress takes during the year.

House Nearing Vote To Extend Tax Breaks

AP | STEPHEN OHLEMACHER | Posted 01.31.2015 | Politics

WASHINGTON (AP) — Struggling to reach a long-term agreement, House Republicans plan to vote on a one-year extension of temporary tax breaks affectin...

4 Reasons Why the House Has the Wrong Approach to Tax Extenders

Chuck Marr | Posted 01.20.2015 | Politics
Chuck Marr

Congress is expected during the lame-duck session to address "tax extenders," a set of tax provisions (mostly for corporations) that policymakers routinely extend for a year or two at a time.

Steve Ballmer Could Score $1 Billion Tax Break For $2 Billion Purchase Of Clippers

The Huffington Post | Kevin Short | Posted 10.30.2014 | Business

Steve Ballmer could score a $1 billion tax break from his purchase of the Los Angeles Clippers, according to an analysis by the Financial Times. Th...

What You Need to Know About the Tax Extenders Up for a Vote

Lisa Greene-Lewis, CPA | Posted 12.15.2014 | Money
Lisa Greene-Lewis, CPA

Now that summer is officially over and the fall season has arrived, most of us are looking ahead to cooler weather, the holiday season and spending time with family. But there's one thing many of us may not be thinking about but should be: taxes.

Ben Walsh

Your 401(k) Will Be Fine Even Though Stocks Just Tanked

HuffingtonPost.com | Ben Walsh | Posted 10.15.2014 | Business

Markets do their thing –- go up and down -– and you do yours –- use tax incentives to save the best you can.

The NFL Is a National Parasite

Diane M. Francis | Posted 11.19.2014 | Women
Diane M. Francis

Enjoying sporting events is fun, but, like Wall Street, the subsidies and salaries have gone too far. These privileges are at the expense of taxpayers and society as a whole as the Rice fiasco illustrates.

Jennifer Bendery

GOP Senator 'Ready To Kill Somebody' Over Business Tax Breaks Not Being Extended

HuffingtonPost.com | Jennifer Bendery | Posted 09.12.2014 | Politics

WASHINGTON -- Sen. Orrin Hatch (R-Utah) is so mad about the Senate's failure to extend tax breaks to businesses, he's having murderous thoughts. Ac...

It's OK for the Rich to Get Richer If the Money Comes from Government

Hilary Gowins | Posted 11.04.2014 | Politics
Hilary Gowins

Rampant hypocrisy: it's why many Americans are repulsed by politics. People are turned off by the "do as I say, not as I do" style of politician. But this kind of politician is everywhere, and so is their rhetoric.

Paul Blumenthal

Facebook Is Quietly Making Friends With State Lawmakers Across The Country

HuffingtonPost.com | Paul Blumenthal | Posted 08.20.2014 | Politics

WASHINGTON -- Just hours after Facebook officially went public on the New York Stock Exchange on May 18, 2012, Oregon Gov. John Kitzhaber (D) signed a...

Senate Advances Bill To End Tax Breaks For Companies That Outsource

AP | STEPHEN OHLEMACHER | Posted 09.22.2014 | Politics

WASHINGTON (AP) — The Senate voted Wednesday to advance an election-year bill limiting tax breaks for U.S. companies that move operations overseas. ...

Michael McAuliff

House Votes For Tax Breaks To Add $287 Billion More To Deficit

HuffingtonPost.com | Michael McAuliff | Posted 07.11.2014 | Politics

WASHINGTON -- The GOP-led House of Representatives embraced a former stimulus measure Friday, voting to make it and another related tax cut permanent,...

Koch Network, Fossil-Fuel Front Groups Lobby Congress Against Wind-Energy Tax Breaks

Gabe Elsner | Posted 08.19.2014 | Green
Gabe Elsner

The Koch-brothers-funded Americans for Prosperity spearheaded a letter claiming that 117 organizations oppose reviving wind-energy tax breaks that expired at the end of 2013. The Energy and Policy Institute discovered that a majority of the groups have ties to the Koch brothers or other fossil-fuel interests.

Friday Talking Points -- Selenofriggatriskaidekaphobics Unite!

Chris Weigant | Posted 08.13.2014 | Politics
Chris Weigant

Iraq is self-destructing. This led the Wall Street Journal to call for a few airstrikes and some American paratroopers to fix the problem, because we all know how well that turned out the last time, right?

Michael McAuliff

GOP Passes Deficit-Hiking Tax Cuts, Accuses Dems Of Irresponsibility

HuffingtonPost.com | Michael McAuliff | Posted 06.12.2014 | Politics

WASHINGTON -- The word “certainty” trumped the word “deficit” Thursday as the House of Representatives passed the next two tax breaks in a ser...

Will We Let Congress Hand Billion$ More to Big Corporations?

Dave Johnson | Posted 08.11.2014 | Business
Dave Johnson

The 2004 tax holiday only made things worse because companies realized they could get out of paying taxes entirely if they moved profits offshore and held out until the next holiday season. If we do it again, every company will be compelled to move jobs, factories and profit centers out of the country to stay competitive.

WATCH: Congressman Gets Mad After Finding Out Americans Are Less Charitable Than He Thought

The Huffington Post | Michael McAuliff | Posted 06.02.2014 | Politics

WASHINGTON -- Some politicians have a hard time resisting the urge to declare the U.S. is No. 1, no matter what pinnacle they're asserting the country...