If you have something to say...
Say it on the Huffington Post
If you have something to say...
Say it on the Huffington Post
Will today mark the dawning of another new era? Or will Congress miss the opportunity to examine the problems within the agency that extend beyond this one scandal?
Unfortunately, there are many reasons this could happen, and even worse, it happens to many taxpayers each year, causing surprise, confusion and frustration.
In Washington, they throw the word scandal around with such abandon it's hard to know at any given time what it means.
John F. Kennedy as a candidate liked to tweak his opponent, Richard Nixon. When the Wall Street Journal criticized Republican Nixon, Kennedy jumped on...
The problem here isn't the president. It's the Supreme Court's Citizens United decision and subsequent tax law written by Congress that gives these groups tax exempt status.
Loopholes are generally not accidental oversights by legislators. No, they are usually more accurately called "kickbacks," tossing money and/or power back to those who were so kind to provide major campaign support.
Fix the Debt did a dance flash mob in Farragut Square in downtown Washington, D.C., around noon on Friday. Two participants expressed concern about the debt, but did not want to cut Social Security.
The end of tax season is the biggest financial event of the year, claim 75% of Americans, as they anticipate a refund of their hard-earned money after filing their taxes. However, only 37% of tax payers choose to invest their savings or use it to repair their finances.
The debate over fiscal responsibility has been muddled by the Great Recession; inevitably, perhaps, arguments over long-term fiscal problems have been conflated with debates over short-term recovery programs. Both debates have suffered terribly as a consequence.
Some myths persist even when people ought to know they aren't true. These falsehoods can be fun, unless they are about money -- in which case they can do a great deal of harm. Here are four financial "facts" you should always take with a grain of salt.
I am increasingly puzzled why Congress can't act to solve a real problem when the solution is obvious, easy and supported by Americans. Can tiny minorities with loud voices and deep pockets ruin our great nation?
Tax reform has evolved into one of the emptier platitudes of U.S. politics. Politicians support "tax reform" in the same way that they support "a strong national defense," "fiscal responsibility," and "pro-growth economic policies." It's a brave statement in search of a challenge. Is anyone ever against tax reform?
Thomas Wheeler is the heir apparent to the departing FCC Chairman Julius Genachowski. From 1992 through 2004, Tom Wheeler was president and CEO of the Cellular Telecom and Internet Association. If Wheeler is nominated he would have to take on his previous clients.
Proposed tax changes should have to stand on whether they'll a) help to raise the revenue we need to meet future challenges that are coming fast, or b) boost growth in ways that actually matter to contemporary economies.
Repealing laws by hollowing them out -- failing to fund their enforcement or implementation -- works because the public doesn't know it's happening. Enactment of a law attracts attention; de-funding it doesn't.
The proposal, strongly supported by Treasury, will not work to prevent the biggest source of tax evasion -- multinational corporations use of transfer pricing to shift of profits to low or no tax countries -- and Treasury knows it and, indeed, has opposed OECD efforts to close that loophole.
