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Loopholes

The Essential Loopholes

Caren Z. Turner | Posted 12.11.2013 | Politics
Caren Z. Turner

When is it essential to be essential? That's a question that is befuddling federal agency senior management, more and more, as the government shutdown moves into its second week.

Food Stamps: Republicans' Erroneous, SNAP Judgment

Dale Hansen | Posted 11.23.2013 | Politics
Dale Hansen

This obsession over punishing the poor for being poor may play well with the base but turning our backs on millions of Americans in their time of need not only hurts the economy but it makes these Republican politicians look like unpatriotic, elitist bullies.

Corporate Loopholes

Jim Worth | Posted 10.20.2013 | Business
Jim Worth

There is an assault on corporate taxes in two areas and on two levels and the losers will ultimately be the American people -- American taxpayers.

50 Years Of Secrecy, Courtesy of Max Baucus

Chris Weigant | Posted 07.31.2013 | Politics
Chris Weigant

Senator Max Baucus has decreed a minimum 50 years of secrecy for negotiations over revamping the federal tax code. It's not the information itself that must remain under lock and key, but which senator is supporting what massive corporate giveaway -- that's what has to remain secret.

Optimize Taxes, Philanthropist!

Jens Martin Skibsted | Posted 09.01.2013 | Business
Jens Martin Skibsted

What if the multinationals, in the same way and by the same principles, had evaluated how much value states give back to their citizens, contribute to the welfare of the planet, and advance global welfare, and optimized taxes based on that?

Friday Talking Points -- Pivoting To Other News

Chris Weigant | Posted 07.24.2013 | Politics
Chris Weigant

Some weeks, not much happens in political news, and other weeks it seems like almost too much happens. This was one of the latter types of week.

Loophole Mythology Versus Kickback Reality

Howard Steven Friedman | Posted 07.13.2013 | Politics
Howard Steven Friedman

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.

Obama Populist Rhetoric Has Unusual Consequence

Reuters | Posted 05.20.2013 | Politics

* Kansas Democrats, Republicans see a threat to jobs * Private-jet industry accounts for 1 in 10 jobs in region * Confli...

When Tax Avoidance Crosses the Line

Christopher Bergin | Posted 05.12.2013 | Politics
Christopher Bergin

With the economy showing signs of recovery, it's high time that our federal lawmakers move beyond these self-induced crises and begin to talk about tax reform that can help taxpayers move forward with a clear understanding of how the tax code works and how much they owe.

A Proposal to Get Tax Reform Back on Track

Martin Sullivan | Posted 04.21.2013 | Politics
Martin Sullivan

The basic problem is that Republicans want to use the revenue from limiting tax breaks to cut tax rates. Democrats want to limit tax breaks to raise revenue. And in the aftermath of the election and the Republicans' concession on tax hikes for the wealthy, both sides seem to have dug in more deeply.

The Same Old Party

Joe Peyronnin | Posted 04.12.2013 | Politics
Joe Peyronnin

The GOP can try to repackage their party by reaching out to all demographics. But, for many Americans, the GOP is just the same old party.

The Revenue Discussion Is Not Over

Sen. Sheldon Whitehouse | Posted 04.10.2013 | Politics
Sen. Sheldon Whitehouse

Republicans argue that our revenue discussion should be over. They'll say that we already agreed to raise tax rates a little bit on the rich, so now we should only be cutting spending. But they ignore that America gives away through the tax code just as much money as it collects.

Twisting in the Wind

Jim Worth | Posted 03.26.2013 | Politics
Jim Worth

Republicans have done a lot of damage. Despite this, the American people have been, characteristically, resilient. But we are at the end of our rope and holding the debt ceiling hostage for destructive spending cuts will do nothing to lengthen it.

Massive Ideological Republican Hypocrisy

Chris Weigant | Posted 02.04.2013 | Politics
Chris Weigant

While the entire political punditry world is caught up in yet another horserace, major tenets of the Republican party's faith seem to be crumbling. Their bedrock ideology is revealing itself, in multiple ways, of having been built on sand all along.

Obama: GOP Tax Proposals Would Put Nonprofits At Risk

Reuters | Posted 02.03.2013 | Politics

* Charities could be hit by Republican tax plan-White House * Obama aides meet with executives of largest nonprofits * C...

The New Deal

Chris Weigant | Posted 01.28.2013 | Politics
Chris Weigant

There's going to be pain all around in whatever deal is struck. Most Americans are going to be directly impacted in one way or another by whatever bargain is made between President Obama and congressional Republicans.

Closing Loopholes, Not Raising Rates, to Tax the Wealthy? I Smell a RepubliCON

Paul Abrams | Posted 01.12.2013 | Politics
Paul Abrams

Republicans have suggested that they would prefer to capture that $700B by closing loopholes, rather than raising tax rates back to the Clinton economy levels. Of course, they never say $700B, they just hint that they would increase revenues by closing loopholes.

Eight Tax Breaks, Loopholes That Won't Be Easy To Kill [Slideshow]

The Huffington Post | Catherine New | Posted 10.08.2012 | Money

As part of his much-discussed tax plan, Mitt Romney has said he plans to eliminate or place caps on certain deductions and loopholes. The idea sounds ...

Romney's Debatable Performance

Joe Peyronnin | Posted 12.03.2012 | Politics
Joe Peyronnin

Romney's performance was welcome relief to Republicans after several weeks of poor performances and embarrassing gaffes. He was convincing, and his debate appearance revved up his own base. But did Romney convert any new voters? Will Americans support a candidate whose numbers do not add up?

Reckless: How the Republican Solution to the Deficit Problem Will Cripple America

Sanjay Sanghoee | Posted 11.10.2012 | Business
Sanjay Sanghoee

The principal danger in a Romney presidency is in the reckless and contradictory Republican plan for deficit reduction, most of which is pure ideological nonsense.

Romney's Success at Bain Capital: The Business as Scam Model

Dean Baker | Posted 11.05.2012 | Business
Dean Baker

Bain Capital is not about producing wealth but rather about siphoning off wealth that was produced elsewhere in the economy. You cannot have an entire economy that is premised on the idea that it will siphon off wealth produced elsewhere.

Zach Carter

Romney's Bain Status Reaped Huge Tax Benefits

HuffingtonPost.com | Zach Carter | Posted 08.27.2012 | Politics

WASHINGTON -- Mitt Romney has repeatedly insisted during the presidential campaign that layoffs and other controversy surrounding Bain Capital compani...

Romney Campaign Says Tax Report Presents Incomplete Picture

The Huffington Post | Jon Ward | Posted 08.01.2012 | Politics

The Romney campaign disputed the findings of a study released Wednesday that found that the Republican candidate's tax plan would raise taxes on middl...

After Major Reform, House GOP Proposes Return To Old Ways

Washington Post | Posted 07.03.2012 | Politics

Back in 2010, House Republicans made a bold promise. To show they were serious about reform, they would deny themselves two well-used — but frequent...

Dan Froomkin

How Much Do Corporate Tax Dodgers Pay For Loopholes?

HuffingtonPost.com | Dan Froomkin | Posted 03.21.2012 | Politics

It's one of the age-old Washington mind-benders: How is it possible that more than two dozen major U.S. companies post enormous profits and pay no tax...