The chief Republican tax writers in Congress are warning that Democratic attempts to raise revenue as part of a deficit reduction package could threaten a comprehensive tax code overhaul.
Originally posted here:
Tax Writers Caution That Raising Revenue Now Could Hurt Tax Overhaul Later
The Senate has voted to repeal tax credits for producing ethanol, a vote that budget cutters hope will demonstrate a growing appetite in Congress to end special interest tax breaks to help reduce government borrowing.
View original here:
Senate votes to repeal tax credits for ethanol
Late last year you caught a break. Congress reached a deal that extended the Bush-era tax cuts for two years and renewed perks like the sales tax deduction and the tuition write-off for non-itemizers.
Go here to see the original:
Your tax questions answered: Write-offs
The tax legislation passed by Congress means fewer wealthy people will have to pay an estate tax in 2011, but planning is still necessary.
Here is the original:
Estate Tax Will Dwindle Under Tax Cut Package
The expiring Bush-era tax cuts, an extension of unemployment insurance and funding the federal government will top lawmakers’ lists when they return next week for a ‘lame duck’ session of Congress
See the rest here:
Tax cuts to top lame ducks’ to-do list
Tax cuts enacted in 2001 and 2003 are to expire in January unless Congress renews them.
Read more from the original source:
Expiring Bush Tax Cuts
SPECIAL: If Congress allows Bush-era tax cuts to expire, New Year’s Day will usher in the nation’s biggest tax increase since the end of WWII, tax watchdog says, and that may be only the beginning | VIDEO OPINION: Buck Up, Obama Full Coverage: Bush-Era Tax Cuts
Go here to read the rest:
Big ‘If’: Tax HikesRest on Congress
Tax cuts enacted in 2001 and 2003 are to expire in January unless Congress renews some or all of them. The cost of extending them by a decade: nearly $3 trillion.
View original here:
Tax cuts that are expiring
