Taxing Matters for the New Year
Two lawmakers struck a two-year budget deal in mid-December, just days shy of the budget conference committee’s Dec. 13 deadline to find a way to keep the government running beyond the expiration of the current continuing resolution (CR) on Jan. 15.
Unlikely Budget Deal Paves Way for CR; Shutdown Risk 'Very Small': Analyst
A stopgap measure to keep funding at current levels, minus sequester cuts, is the most likely outcome, says Washington Analysis' Joe Lieber.
How the Federal Fiscal Cliff Will Shift to the States
With state budgets still reeling from the great recession of 2008, the states face further budget upheaval as the federal government addresses the fiscal cliff and sequestration cuts.
Post-Election Estate Tax Fix?
Tax issues will figure prominently in the goings-on in Washington this presidential election year, with the consensus among tax specialists being that Congress is most likely to address the estate tax when it decides late this year whether to extend the Bush tax cuts.
Obama and Buffett Rule Make ‘Good Tax Politics, Not Good Tax Policy,’ Expert Says
A central focus of President Barack Obama’s State of the Union address was economic fairness, and requiring the wealthiest to pay more in taxes, but tax specialists and wealth managers say hiking taxes for the rich will do nothing to fix the tax code.