Note: Much of the following is extracted from the Senate Finance Committee’s explanation of Reid-McConnell Tax Relief, Unemployment Insurance Reathorization and Job Creation Act, which incorporated the amendments to HR4853 that President Obama negotiated with the Senate and passed back to the House. There was some debate in the house about the Estate [...] Read more »
September 2010 Tax Update
Congress continues to do nothing. There is a lot of speculation about what they might do and when, but basically things are pretty much where they have been for months. Some think that congress will act on extending the Bush tax cuts, extending provisions that lapsed at the beginning of [...] Read more »
Midyear Tax Update 2010.
So we are halfway through the year; congress has done nothing except pass health care reform. There are rumors that incumbents are so terrified of losing their jobs, that they are afraid to act. I don’t know about you, but congress’s inactivity also speaks to me-it’s congress’s job to make these [...] Read more »