Lots of Testimony, Much Dissent on Retirement Fixes
Senate Finance hears plenty of suggestions (including from John Bogle) for boosting savings, but also that the idea of a retirement crisis is overblown.
Treasury, IRS Issue New Guidance to Curb Corporate Tax Inversions
The Treasury Department and IRS issued guidance late Monday to reduce the tax benefits of corporate inversions.
Senate Bill Targets ‘Earnings Stripping’ by Corporate Inverters
“This bill curtails the incentive for companies to use shady accounting gimmicks to avoid paying their U.S. tax obligations," says Sen. Schumer, one sponsor.
Social Security Disability Fund Teeters on Brink of Broke
Social Security's chief actuary warned senators that the disability trust fund needs help "soon" or reserves will run out in 2016.
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.
Cut College Debt Through Simpler Tax Incentives, Senator Says
The Senate Finance Committee looked at ways to reduce student borrowing through the tax code. One possibility: boosting prepaid 529 plans.
Senate Finance Gears Up for Tax Reform Hearings
Upcoming committee hearings to look at education tax incentives, ID theft and taxpayer privacy.
As Student Debt Hits $1.2 Trillion, Senate to Debate Loan Refinancing Bill
The Senate will debate next week a bill from Sen. Elizabeth Warren, D-Mass., to allow students to refinance their loans.
M*A*S*H Star Turned Mogul Wayne Rogers Blasts Tax Code, Offers Tips
M*A*S*H TV star and serial businessman Wayne Rogers discusses why the tax code is broken and has some choice words for Dodd and Frank.
Senate Finance Sets Thursday to Debate Tax Breaks
The Senate Finance Committee will mark up a bill Thursday on a set of tax breaks that have expired or will expire at year-end.