Sept. 3, 2015 SIGN IN | REGISTER

Taxes & Trade Archive

Shortcut for Budget Reconciliation Mulled by GOP Leaders

GOP leaders are considering an abbreviated form of the powerful budget reconciliation process this year, giving them the leeway to focus on other pressing matters while still issuing a prod to the president on the health care law.

U.S. and Korea: Forging a Forward-Looking, Global Partnership | Commentary

The strength of the friendship between the United States and the South Korea today was forged under fire and toughened by more than six decades of facing down mutual security threats and working together to improve the everyday lives of our citizens. Today, our countries stand together as trading partners, allies and friends.

Big Stakes for Small Exporters in Ex-Im Standoff | Commentary

In his impassioned push to save a trusted institution that has helped Americans do business overseas for generations, President Barack Obama met with a group of small-business exporters last week to highlight differences the Export-Import Bank of the United States has made in their global expansion plans.

Caviar and Airplane Sales Sweeten Iran Deal

In exchange for lifting crippling U.S., European and U.N. oil and financial sanctions, Iran agreed to a historic deal that limits its nuclear production capacity and fuel inventory over the next 15 years.

Stabenow Seeks Tax Sweeteners for NASCAR Track Operators

Sen. Debbie Stabenow, D-Mich., is teaming with Senate Appropriations Chairman Thad Cochran, R-Miss., and other senior Republicans in pressing for a permanent extension of faster tax write-offs for operators of motor racetracks, including 29 venues used for NASCAR events.

Obama Says Health Care Working; Supreme Court Upholds Law

The Supreme Court saved Obamacare from another critical legal challenge in a 6-3 decision Thursday that upholds health insurance subsidies for millions of low- and middle-income residents. President Barack Obama hailed the ruling.

Sanders Presses for Vote on Financial Transaction Tax

Liberal Democrats plan to target hedge fund managers and corporations with a push for Senate floor action on a proposed financial transaction tax that has been embraced by two presidential candidates: Sen. Bernard Sanders and former Maryland Gov. Martin O’Malley.

House Must Pass Trade Promotion Authority | Commentary

As former chairmen and ranking members of the House Ways and Means Committee, each of us has been part of extensive trade negotiations. None of us has ever seen Trade Promotion Authority legislation as robust and transparent as the one before Congress today. We urge our former colleagues to support TPA when it is considered in the House and deliver a win for American workers and the national economy.

Puerto Rico Needs Reform, Not Bankruptcy | Commentary

To allow a poorly managed government to rid itself of its financial obligations is ethically and practically misguided. A Chapter 9 solution to Puerto Rico’s economic and financial woes, as the House Judiciary Committee is contemplating via HR 870, is ill-conceived on several grounds. First and foremost, the bill’s passage would override with retroactive effect the bond indentures of the millions of investors throughout the United States who — like me — have bought Puerto Rico’s bonds, mostly through mutual funds. HR 870 would give carte blanche to the Commonwealth to break its solemn pledge that our bonds would be paid in accordance with the laws and contracts under which they were issued.

Trade Promotion Authority Vote Shifts Power to Hill | Commentary

Legendary executive management professor and writer Peter Drucker once said leadership is defined by results, not attributes. The trade debate currently occupying much of Washington’s focus shows how right Drucker was — and what that says about where the center of leadership is in Washington today.

Motorists' Efficiency Might Drive Taxes Up

The problem Congress faces in paying for new highways and other transportation projects is that the Highway Trust Fund, which for decades has financed road and transit spending, is running out of revenue.

Carper Looks for Bipartisan Solution to Gas Tax

A big argument against raising the gasoline tax to provide more money for transportation projects is that the gas tax, by its nature, affects low- and middle-income people more than it does the wealthy.

Bridging the Innovation Valley of Death | Commentary

Is Wall Street’s influence in corporate boardrooms killing America’s innovation future? There’s a good case to be made that it is, and that it’s getting worse. But Congress can do something about it when it rewrites the tax code.

Trade and Competitiveness: Investing in Our Country to Compete in the Global Economy | Commentary

The United States is negotiating a Trans- Pacific Partnership trade agreement with 11 other countries on four continents that border the Pacific Ocean. The 12 countries are all members of the Asia-Pacific Economic Cooperation, a regional economic forum that supports sustainable economic growth and prosperity in the Asia- Pacific region, and they include the world’s largest and third largest economies, emerging economies and a command economy. Together, they represent 40 percent of world gross domestic product and 11 percent of the world’s population.

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Senate Democrats Put Conditions on Fast-Track Vote

Senate Democrats threatened to block Majority Leader Mitch McConnell’s efforts to start debate on a contentious Trade Promotion Authority bill unless the Kentucky Republican guarantees that a customs bill with currency manipulation provisions gets a vote.

End the Catfish-Inspection Boondoggle | Commentary

Leave it to Washington to create a multimillion-dollar solution to a nonexistent problem that requires the creation of a new bureaucracy, all for the sole purpose of increasing the profits of a small number of catfish farmers. Kafka would understand, but U.S. taxpayers should be angry.

After the NFL Decision, It's Time for Credit Unions to Stop Abusing the Tax Code | Commentary

Like any football fan and patriotic American, I’ve always been perplexed by why the National Football League and certain other big sports leagues are tax-exempt corporations, organized under a section of the tax code intended for trade associations, professional organizations and local chambers of commerce. The NFL has attracted a lot of criticism over the years for not paying taxes. A recent congressional report found that this tax exemption cost taxpayers $109 million over a decade.

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Online Sales Tax a Live-Wire Issue for Congress

Jason Chaffetz, the Utah Republican who chairs the House Oversight and Government Reform Committee, has assembled a bipartisan rump group around a proposal to empower states to collect sales taxes from online sellers outside their borders. At the same time, a loose coalition of retailers, state officials and allied groups is trying to rally support for the plan in both chambers of Congress.

Japan Taps Lobbyists to Bolster U.S. Ties

The government of Japan knows its way around K Street.

Tax Code Rewrite Prospects: Wait 'Til Next Year

Washington always seems to be asking whether this will finally be the year Republicans and Democrats somehow set aside their differences on one of their most fundamental issues and undertake a full rewrite of the sprawling, unwieldy monster known as the tax code.

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