The Capitol Solution
The Congressman who will be most influential in fixing Social Security and tax reform is now on a crusade to remedy all of the nation's...
AMT in the Spotlight
Members of President George Bush's tax reform panel voted unanimously to recommend abolishing the Alternative Minimum Tax (AMT) during a meeting on July 20. But Senator Connie Mack, the panel's chairman, questioned how to make up for the $1.2 trillion revenue shortfall that would be caused by an AMT repeal.
Congress Urged to Keep
The Financial Planning Association is urging members of Congress to retain the "step-up in basis" in any estate tax legislation that lawmakers consider this year. The step-up in basis is important because "If inherited assets are sold, heirs would pay tax on the value accumulated since they inherited the assets,"...
The IA 25
Groucho Marx once famously proclaimed that he wouldn't care to join any club that would include him as a member. So what are we to...
Senator Craig Thomas (R-WY) and Rep. Sam Johnson (R-TX) introduced legislation last month calling for the adoption of the Bush Administration's savings accounts--Lifetime Savings Accounts...
The Contenders: Election 2004
The Presidential election is only weeks away now, and it's still anyone's guess as to whether George Bush will be reelected on Nov. 2 or...