Newsletters | November 2011
Tax tips for 2011
Internal Revenue Service spokesman Mark Hanson recently recommended taxpayers begin to take steps to prepare for filing next year in order to save time and money, CBS affiliate WFMY reports.
Buffett gives tax plan details on CNBC
Corporate Tax Reform Pushed
Politico reports that Ohio Senator Rob Portman, who was a member of the supercommittee tasked with reducing the national budget deficit and formulating relevant fiscal policy, has not given up on tax reform despite the committee's failure.
Economy needs new tax structure
Changes in the American economy and distribution of wealth should be met by changes in the tax structure, columnist Paul Krugman recently wrote in the New York Times.
Many believe higher taxes a necessity
An August poll by The New York Times and CBS news indicated a majority of Americans believe increased taxes, as well as spending cuts, should be used to control and minimize the deficit.
Tax policy debate must be reframed
Serious deficit reduction is impossible until politicians re-frame the tax policy debate, resident fellow Howard Gleckman recently wrote in TaxVox, the nonprofit Tax Policy Center's blog.
Payroll tax cut debate shifts
Legislators' debate about the proposed payroll tax cut extension and expansion has become increasingly focused on how to pay for the measure, Bloomberg reports.
Higher estate tax proposed
Jim McDermott, a senior member of the House of Representatives' tax-writing committee, recently introduced a bill to return the estate tax to a higher level, according to The Hill.
Baby boomers not planning for medical incapacitation
A poll by The Associated Press and LifeGoesStrong.com recently revealed 64 percent of baby boomers have neither a healthcare proxy nor a living will.