Andy Friedman: Why Tax Reform’s Not Happening Anytime Soon
The Washington Update's Andy Friedman explains the principles and high political hurdles to comprehensive tax reform, last achieved in 1986 under President Reagan.
House Panel Advances Tax Extenders Package
Bonus depreciation, also known as bonus expensing, allows all businesses to immediately deduct 50% of investment in equipment and software.
Ryan Budget Seeks to ‘Tighten’ SEC’s Belt
But SEC Chairwoman Mary Jo White told lawmakers the same day that there was "an immediate and pressing need" for more funding for advisor exams.
Senate Finance’s Wyden Set to Move on Tax Extenders
Chairman Wyden, determined to make this the “last time we do extenders,” hopes to use this chance “to reform the broken tax code.”
Camp: Tax Overhaul Is ‘Moving Forward’
Chairman of the House Ways and Means Committee tells Bloomberg TV that despite opposition, he's got “a lot” of GOP and Democratic backers.
Camp’s Tax Plan Unlikely to Pass but Sure to Ignite Debate
Though Rep. Camp's tax plan is highly unlikely to become law this year, retirement planning advocates weighed in.
The Next Wave of Congressional Chairmen
The more conservative Tim Johnson will replace retiring Senate Banking chairman Christopher Dodd. Johnson's major priority for the next Congress is implementing Dodd-Frank.