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Taxes & Trade Archive

Amending an Amendment | Commentary

The Bill of Rights was drafted as a document limiting the reach of government and recognizing maximum freedom to individuals and the states. This broad philosophy is the foundation of grass-roots conservative in the tea party movement. But over time, the Constitution has been changed, sometimes resulting in the surrender of personal freedom to an increasingly powerful central government.

Landmark U.S.-Taiwan Legislation Led to Long-Lasting Benefits | Commentary

Thursday marks the 35th anniversary of the Taiwan Relations Act, one of the most important pieces of legislation with which I have been associated. This landmark law has contributed vitally to the security and stability of the Republic of China and continues to guide our countriesí relations.

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On Trade, Obama Faces a Tough Political Dance

In pursuing its lofty international trade agenda, the Obama administration has been courting labor unions, long the strongest supporters of the president but also perhaps the strongest skeptics of expanded free trade.

GOP Wants More, or Less, From Obama on Trade

Congressional Republicans who support the administrationís free-trade agenda are pleading for President Barack Obama to make the issue a top priority.

Congress Should Extend the Production Tax Credit, Develop a Long-Term Alternative | Commentary

Last week, the Senate Finance Committee addressed several expiring tax provisions, including the production tax credit for wind energy. Although this provision has been extended multiple times with broad bipartisan support since 1992, it is one of several energy policies that have become unnecessarily politicized.

Bike Sharing Is a Winner in the Senate Tax Bill

Bike sharing systems would be among the winners under draft legislation extending a laundry list of tax incentives that Senate tax writers approved last week.

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Transit Advocates Won't be Caught Napping as Highway Bill Advances

Public transit advocates were blindsided when House Republicans introduced a five-year highway bill two years ago that proposed eliminating the Highway Trust Fundís transit account.

A Warning to Congress: Renewal of Wind Energy Subsidies Will Lead to a Big Boost in Carbon Emissions | Commentary

The wind industry may be feeling butterflies as the sectorís Production Tax Credit (PTC) is up for renewal again. But Washingtonís usual handout to keep the turbines spinning may be harder to win this time round because of a new twist: experts are warning a renewal will lead to increased carbon emissions.

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Big Businesses Vie for Favored Provisions as Senators Finalize 'Patent Troll' Bill

Four months after the House passed a far-reaching bill to prevent abusive patent infringement lawsuits, senators are close to striking a deal on their own legislation, according to aides in both parties.

Japan and the Trans-Pacific Partnership: All In, or Out?

U.S. Trade Representative Michael Froman will give congressional lawmakers an update on the Obama administrationís trade agenda Thursday, including its efforts to close out Trans-Pacific Partnership negotiations. While that agreement is expected to be concluded in the coming months, U.S. agricultural groups are concerned that it may fall short of the comprehensive deal they had hoped for.

Crafting the Taiwan Relations Act | Commentary

For 35 years, the Taiwan Relations Act has provided a vehicle for peace in the Pacific and a means of maintaining a direct relationship with the more than 23 million Taiwanese people who are one of our most important allies and trading partners.

IRS: Bitcoin is Property, Not Currency

Virtual currencies such as bitcoin will be taxed as property rather than currency, the Internal Revenue Service said Tuesday in long-awaited guidance on online tender.

In Camp's Camp: Praising the Effort on Tax Reform | Commentary

The courage to tackle tough problems may be a rare commodity in Washington these days, but there are still a few members of Congress willing to advance fundamental change to overcome the countryís largest challenges. House Ways and Means Chairman Dave Camp, R-Mich., is one of those lawmakers. He recently released a comprehensive, detailed tax reform plan aimed at initiating substantive discussions focused on overhauling Americaís broken tax code. The release of this draft represents a critical step forward in the process of comprehensive tax reform, a process that will benefit all Americans.

Tax Reform Déjà Vu | Commentary

House Ways and Means Committee Chairman Dave Camp, R-Mich., has unveiled his Tax Reform Act of 2014, the most comprehensive tax reform proposal in nearly three decades. The Camp plan is a bold, even radical, proposal which has shocked many members of Congress on both sides of the aisle and outraged many business interests.

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Financial Industry Warily Looks to Tea Party Conservatives for Tax Support

With Democrats and Republicans offering proposals to hit the financial sector with new taxes or fees, financial executives and lobbyists say they are re-evaluating how they will direct their political cash this election cycle and where they will seek allies on and off Capitol Hill.

Industry Group Says Fracking Could Help Ukraine

European countries seeking to ease their dependence on Russian natural gas may discover that their salvation lies deep beneath their native soil.

New York Provides EITC Test Case

Obama administration staffers working on the presidentís proposal to double the earned income tax credit availability to single childless workers could take a lesson from New York City, which last year launched a pilot program to do just that.

Airport Operators Worry Tax Overhaul Would Ground Improvement Plans

In addition to worrying road builders, state highway officials and transit agencies, House Ways and Means Chairman Dave Campís tax overhaul plan has struck a nerve with airport operators.

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Local Governments Fear Plan to Tax Bond Interest Threatens Road Funding

House Ways and Means Chairman Dave Campís proposed tax overhaul got high marks last week from federal transportation leaders for committing to prop up the ailing Highway Trust Fund, but it is drawing criticism from state and local officials who depend on municipal bonds to finance infrastructure projects.

Obama's $3.9 Trillion Budget Takes More Realistic Approach

President Barack Obamaís budget for fiscal 2015 is perhaps his most realistic to date. Grand bargains are out. Grand new proposals are out, too.

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