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.”
A Securities Transaction Tax Will Hurt Advisors and Clients
Yes, limiting market volatility and increasing government revenue are worthy goals, but legislation imposing a securities transaction tax is the wrong way to reach those goals.
Lawmakers Grapple With Capital Gains Tax Overhaul
As Congress tackles broad tax reform, where to set the rates on capital gains will be the most controversial and complex issue lawmakers must tackle.
7 U.S. Presidents Who Flopped Financially
Becoming president doesn’t mean you’re as successful with your money as with your career. AdvisorOne spotlights seven who flopped financially.
Next Up in Tax Reform Debate: Capital Gains
Senate Finance Chairman Max Baucus and House Ways and Means Chairman Dave Camp plan to hold a joint hearing Thursday to review the tax treatment of capital gains in the context of comprehensive tax reform.
Senate Finance’s Baucus: U.S. Headed Toward Fiscal Crisis Like Europe
Sen. Max Baucus, D-Mont., said Monday that any tax reform plan “must be developed with a sound budget in mind that reduces deficits and debt.”
Time Bombs Lurk in Retirement Overhaul: Lawmakers, Experts
House Ways and Means Committee Chairman Dave Camp warned Tuesday that a retirement overhaul in efforts to reform the tax code could "threaten the retirement security of ordinary families."
Ryan’s GOP Budget Repeals AMT and Health Care Law, Reforms Tax Code
House Budget Committee Chairman Paul Ryan, R-Wis., released the House 2013 budget, which would reduce tax brackets from six to two and, like Obama's plan, cut corporate tax rate.
Joint Congressional Hearing Addresses Derivatives and Tax Reform
Baucus quotes Buffett on limiting ‘potential for mischief;’ witnesses criticize Congress’ piecemeal approach to taxing financial products.