Taxes

The Senate adds more drama to a stopgap government funding measure. It seemed like a routine vote to keep the government open through Dec. 20 while Congress continues to haggle over spending priorities. But the Senate refused to pass the House version of a continuing resolution because the GOP leadership feared it would limit their
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Economic Security Planning, Inc. Today’s column addresses what happens when benefits are withheld due to the earnings test, when spousal benefits might be available, public pensions and spousal benefits, survivor benefits and how excess spousal benefits are calculated. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic
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Looking for a “breakthrough.” The House passed another temporary federal government funding bill through Dec. 20. But agreeing on a permanent bill may not be so easy.  Senate Budget Committee Chair Richard Shelby says “impediments” have come up in negotiating top-line spending numbers for 12 appropriations bills. They’re familiar: ”It’s not just the allocations, it’s
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Share to facebook Share to twitter Share to linkedin Yet another business leader speaks out against Warren. Bryan Bedder/Getty Topline: A week after accusing Senator Elizabeth Warren of “tribalism,” former Goldman Sachs CEO Lloyd Blankfein again blasted the Democratic 2020 candidate for her war on billionaires, denouncing politicians like her for moving away from “populism”
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Pursuing whistleblower allegations that a political appointee interfered with a Trump or Pence IRS audit. Staff for Senate Finance Committee Chairman Chuck Grassley and top panel Democrat Ron Wyden met with an IRS whistleblower who alleges that at least one political appointee at Treasury tried to interfere with an audit of President Trump or Vice
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This week, the OECD is holding a public consultation as part of its work on the tax challenges of the digital economy. This broad effort is being made in the face of significant uncertainty in international taxes. Part of that uncertainty has been driven by digital services taxes that are being considered by various countries.
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More evidence that the TCJA failed to generate business investment. The New York Times reports on its analysis of data compiled by Capital IQ. After the Tax Cuts and Jobs Act (TCJA) reduced the corporate income tax rate from 35 percent to 21 percent, there was “no statistically meaningful relationship between the size of the
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Share to facebook Share to twitter Share to linkedin Former Vice President Joe Biden. Photo by Scott Olson/Getty Images Topline: If elected president, Joe Biden wants to spend $1.3 trillion on an infrastructure package that includes a transportation overhaul and rebuilding the country’s roads, bridges and tunnels while moving to net-zero carbon emissions, and plans
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