Principal Reduction Tax Time Bomb Generates More Discussion

By: Tuesday September 11, 2012 10:21 am

About a month ago, I wrote in Salon about a potential time-bomb embedded in the efforts to increase debt relief for mortgages, the expiration of the Mortgage Forgiveness Debt Relief Act. Finally, some mainstream sources have gotten around to reporting on this, in basically the same way and with even many of the same principals [...]

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 [...]

Democrats: Boehner Not in Control, Conservative Hardliners Want to Impose Social Agenda

By: Thursday April 7, 2011 1:28 pm

The House passed a one-week stopgap spending bill today, despite a veto threat from the White House. This is a vehicle for Republicans to claim that they did their best to fund the government, but it cuts funding not agreed to by negotiators by $12 billion, and includes unrelated policy riders on abortion funding for [...]

Dingell Cites Examples of Violent Conservative Rhetoric on House Floor

By: Thursday January 13, 2011 7:06 am

Though he had a somewhat rough re-election campaign last year, John Dingell is not someone who’s going to temper himself for political expediency. So just as President Obama did his job speaking to the nation last night, so did Dingell do his job shaming Republicans with a recitation of their rhetoric last night. Quoting Sharron [...]

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