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.
Chained CPI Could Mean Big Social Security Cuts in Long Term
Changing the basis for COLAs is a “politically easy” way to cut benefit outlays, says James Osborne, president of Bason Asset Management.
Planning for New and Impending Social Security Changes
From middle-age wage earners to current retirees, just about everyone is eager to know what they can expect of Social Security in the coming years.
Ritholtz’s Big Picture: 24-7 Media Cycle Is Going to the Blogs
A pundits’ panel of chief strategists join star bloggers Barry Ritholtz and Josh Brown to bemoan the insanity of the 24-7 financial news cycle.
FPA’s Man in Washington Speaks of Planner Group’s Priorities
At FPA Retreat 2013, Daniel Penchina voices optimism on SEC user fee legislation; vows more help for state FPA associations.
Energy MLPs & Taxes: Under Scrutiny, but Still Churning Out Returns
Legislators continue to zero in on partnerships, though most energy firms seem likely to avoid major impact, experts say.
Obama’s Effort to Limit Charitable Deductions Faces House Pushback
The Senate’s budget seeks to limit the amount by which affluent taxpayers can itemize deductions, including charitable donations. But the plan is unlikely to go far in the House.
Congress Starts Work on Tax Code Reform
While skepticism remains, committees in both houses start high-profile work on reform.
After Election, All Eyes Will Be on Lame-Duck Session
With the presidential election closing in, political pundits have been weighing in on which issues Congress must tackle during what political analyst Andy Friedman called “the mother of all lame-duck sessions.”