Republicans in the U.S. House decide to be either Santa or the Grinch this holiday season when they vote later today on whether to agree with the Senate’s bipartisan plan to extend payroll tax cuts and unemployment benefits for two months. This is a big deal for small businesses. If…
Let upper-end Bush-era tax cuts expire
By Frank Knapp, Jr. The Hill’s Congress BlogSeptember 21, 2011 President Obama’s call for cutting the deficit by $3 trillion includes the roll back of the Bush-era tax cuts on the top income tax brackets, a move expected to bring in about $800 billion over the next 10 years.…
Don’t talk about it….do it
Last night we heard from President Obama and Speaker Boehner about their ideas for addressing deficit reduction and raising the debt ceiling. The President spoke about the need to close corporate tax loopholes and end offshore tax haven abuse—issues that you have heard me talk about many times. Unfortunately, neither deficit…