Tag Archives: tax reform

Small Business Committee Debates 1099 Issue

Posted on February 10, 2011 by Robert Hay

A House committee hearing yesterday showed bipartisan support for repealing the 1099 legislation. Continue reading →

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State of the Union Includes Nonprofit Issues

Posted on January 26, 2011 by Robert Hay

The President’s State of the Union address last night touched on a few issues that are important to the association community, and previewed some of the issues the association community will face in the 112th Congress. During his discussion of … Continue reading →

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Deficit Panel Releases Final Report

Posted on December 1, 2010 by Robert Hay

The president’s deficit panel released its final report today and added details to its original leaked outline for how it suggests the U.S. balance the budget and enact a more stable fiscal policy.  Dubbed “The Moment of Truth”, the document … Continue reading →

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How the Deficit Reduction Plans Impact Associations

Posted on November 18, 2010 by Robert Hay

This month, three major panels have released high-profile plans to reduce the federal deficit and balance the budget within the near future.  While the press has focused on some of the more high-profile topics like raising taxes or defense spending, … Continue reading →

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Extending Tax Cuts Could Cost More than $5 Trillion

Posted on November 1, 2010 by Robert Hay
DES PLAINES, IL - MARCH 23: The top of a form 1040 individual income tax return for 2005 is seen atop a stack on the same at the Des Plaines Public Library March 23, 2006 in Des Plaines, Illinois. Americans are preparing for the income tax filing deadline next month whether using tax software, filing on the paper forms or using a tax preparer. (Photo by Tim Boyle/Getty Images)

A Congressional Research Service (CRS) report released October 27 said that if Congress were to permanently extend the expiring 2001 and 2003 tax cuts, it would cost more than $5 trillion over ten years, according to a story from the … Continue reading →

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Financial Reform Commission Hints Tax Breaks in Play

Posted on October 25, 2010 by Robert Hay
WASHINGTON - APRIL 27: U.S. President Barack Obama (C) speaks as co-chairs of the National Commission on Fiscal Responsibility and Reform Erskine Bowles (L) and Alan Simpson (R) listen in the Rose Garden of the White House April 27, 2010 in Washington, DC. Obama thanked members of the National Commission on Fiscal Responsibility and Reform for their service and spoke on the

An article in the Wall Street Journal today says that members of the president’s deficit commission could consider eliminating some popular tax credits in their final commission report. The panel, known as the National Commission on Fiscal Responsibility and Reform, … Continue reading →

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Most Major Issues Ducked by Finance Committee

Posted on October 1, 2009 by Robert Hay

The Senate Finance Committee yesterday continued to debate the list of amendments to its comprehensive health care reform legislation, but conspicuously absent from the discussion were any amendments tied to the major issues being discussed by members of Congress and … Continue reading →

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