House Republican Tax Plan Would Enact Process to Radically Alter Tax Code

By: Sunday July 29, 2012 9:25 am

In the coming days, the House will pass a tax bill that would extend the Bush tax cuts entirely for one year. This stands in slight contrast to a Senate-passed bill that extends the same tax cuts for the first $250,000 of income. But what I didn’t realize is that the House bill will also [...]

House Democrats Try to Stop Foreclosure Fraud Settlement Beneficiaries From Getting Hit With Big Tax Bill

By: Thursday March 29, 2012 9:35 am

Here’s an almost completely unremarked-upon side effect of the foreclosure fraud settlement: the tax implications. If you are one of the lucky few eligible to receive a principal reduction from the settlement, when the banks aren’t paying off their penalty bulldozing homes and waiving deficiency judgments, you have to reckon with this: because of the [...]

Republicans Miffed About Analysis of their Job-Destroying Continuing Resolution

By: Wednesday February 16, 2011 1:06 pm

Dana Milbank put the notion that the Republican continuing resolution would cost 1 million jobs into the traditional media today, but I actually mentioned it yesterday, based on an Economic Policy Institute study that reached the same conclusions. Needless to say, Republicans aren’t happy about word getting out that their signature policy of the new [...]

Pelosi Against Social Security Cuts, Retirement Age Increase

By: Wednesday October 6, 2010 12:10 pm

An interesting report from Ryan Grim: Nancy Pelosi will be prepared to beat back a run on Social Security or Medicare if the deficit commission recommends cuts to the popular entitlement program following the November election. The House Speaker deliberately avoided appointing House chairmen with jurisdiction over Social Security and Medicare to President Obama’s commission, [...]

House Committee Will Take Up Chinese Currency Reform Bill

By: Wednesday September 22, 2010 1:33 pm

This is interesting. The House Ways and Means Committee has scheduled a markup for Friday of the Currency Reform for Fair Trade Act, a bill from Reps. Tim Ryan (D-OH) and Tim Murphy (D-PA) which would allow the Commerce Department to treat currency manipulation as a prohibited subsidy, and allow companies to petition the government [...]

Stark Spends One Day As Ways And Means Chair; Sander Levin Takes Gavel

By: Thursday March 4, 2010 8:31 am

Well that was quick. A day after Pete Stark (D-CA) elevated to the chairmanship of the House Ways and Means Committee, replacing Charlie Rangel, he has stepped aside, with Sander Levin (D-MI) taking the post. Basically, Democrats couldn’t stomach the idea of a loud progressive in control of any lever of power: Stark, the No. [...]

Pete Stark to Chair House Ways and Means Committee, Replacing Rangel

By: Wednesday March 3, 2010 10:41 am

This is very good news, if true. Republicans frequently gun for Pete Stark because he’s fearless and he doesn’t back down from a fight. I was concerned that House Democrats would shy away from elevating Stark to such a powerful position, but Pelosi did indeed select him to replace Charlie Rangel as the head of [...]

Rangel Gives Up, Then Doesn’t, Then Steps Down Temporarily From Ways And Means Chairmanship

By: Wednesday March 3, 2010 7:04 am

After a Congressional ethics panel found that he violated House gift rules on a corporate-funded trip to the Caribbean, and with other scandals percolating, multiple Democrats asked for Charlie Rangel to end his leadership on the tax-writing Ways and Means Committee. He appeared to lose his gavel last night, but then denied the report. By [...]

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