What are the politics of climate change? A new poll done by Stanford University and Resources for the Future suggests that the public may be more ready to regulate carbon than has previously been thought. When asked if “the federal government should or should not require companies to pay a tax to the government for every ton of greenhouse gases the companies put out,” 61% of respondents said yes. That figure rose to 67% […]
The House today passed the Death Tax Repeal Act (HR 1105) and the State and Local Tax Deduction Fairness Act (HR 622). The two bills would repeal the estate tax and the generation-skipping transfer (GST) tax (but not the gift tax) for all future transfers and make permanent the deduction for state and local sales tax.
It remains unclear whether the Senate would take up either bill any time soon. Senate Finance Chairman Orrin Hatch […]
NUMBER OF THE WEEK: $1.4 Trillion. The estimated total of individual income taxes the Internal Revenue Service is expecting to collect on April 15. The U.S. House of Representatives has returned from recess and is planning to vote this week on a package of tax bills aimed toward reforming the Internal Revenue Service – a timely effort to mark tax week! The package includes the “Taxpayer Bill of Rights Act” (H.R. 1058), as well […]