Senate Votes Down S Corporation Changes

A few days ago the Senate failed to pass Senate bill S. 2343, the “Stop the Student Loan Interest Rate Hike Act of 2012 which would have limited the ability of S corporation shareholders to classify payments…

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Congressional Democrats are Wealthier than Republican Counterparts

PJ Media reports that seven of the top ten wealthiest members in Congress are Democrats: Yes America, there is a wealth gap. Seven of the top ten wealthiest members in Congress are Democrats. The results…

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State Taxpayers, Johns, Guilty Until Proven Innocent

Several months ago vice squads in West Palm Beach, Florida began the practice of giving local beat reporters the names and mugshots of men who had been arrested for allegedly soliciting prostitutes. I believed then, and still do, that in…

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5 Reasons a Millionaire Tax is Dumb

Howard Gleckman of TaxVox writes in The Democrats Millionaire Tax: Smart Politics, Awful Policy: Senate Democratic Leader Harry Reid’s plan to fund a $445 billion stimulus, err, jobs bill with a 5.6 percent surtax on…

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McCain, Hagan Repatriation Tax Holiday Bill

WebCPA reports that Senators John McCain, R-Ariz., and Kay Hagan, D-N.C., introduced legislation Thursday allowing multinational corporations to repatriate their foreign earnings at a reduced tax rate: The bipartisan bill, known as the Foreign Earnings…

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