July 31, 2014 SIGN IN | REGISTER

Taxes & Trade Archive

LNG Exports: An Opportunity for America | Commentary

Last week, in a welcome display of bipartisan achievement, the House Energy & Commerce Committee reported HR 6, the Domestic Prosperity and Global Freedom Act, to the House floor. The bill, as amended by the Committee, demonstrated significant compromise, and the Committee’s bipartisan action sends a message to the rest of the world of growing Congressional support for the United States re-emergence as a global energy leader. In light of the mounting support for accelerated liquefied natural gas (LNG) exports, the House and Senate must now take action on this bill to accelerate the permitting of LNG export applications.

It's Time To Level The Playing Field For Main Street Businesses | Commentary

Small-business owners like myself have for years urged Congress to create a level playing field that will allow us to compete with our online-only competitors. One year ago this week, the Senate overwhelmingly passed legislation that would accomplish this goal, and we’re counting on the Republican-led House of Representatives to do the same.

Repatriation Tax Holiday Is Not a Fix for Highway Trust Fund Insolvency | Commentary

All over the United States, construction crews are shaking off the winter cold and gearing up for a busy season repairing and expanding our transportation infrastructure. Yet, one ominous question remains: Will the Highway Trust Fund have enough money to keep them on the job?

In Showdown With Lerner, House Imprisonment Not Out of the Question

Former tax official Lois Lerner’s confrontation with Congress over a potential contempt citation may get emphatically more dramatic, depending on how far back into congressional history House Republicans want to reach.

The United States and Cuba Should Play Ball | Commentary

It was late afternoon on a hot day in Havana. Since 8:30 a.m., we’d been in a series of meetings, in which we’d discussed everything from the state of U.S.-Cuba relations, to the structure of the Cuban government, to the future of foreign investment in Cuba. We were badly in need of a break. Fortunately, our last meeting was about sports education, and so a short while later, as the day cooled off, we found ourselves outside on a diamond, speaking a language our long-estranged nations have in common: pickup baseball.

Efforts to Kill Death Tax Find New Life in Blue States | Commentary

Democrats and Republicans may not agree on much, but most fair-minded Americans share the view that the death tax is unwise, outdated and counter-productive. Considering how economically damaging and inefficient it is, it’s no wonder the death tax is so unpopular. While Congress remains gridlocked on the future of this ghoulish tax, the good news is at the state level, many legislatures and governors are working together to drive a stake into the heart of their own misguided death taxes.

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 countries’ 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 administration’s 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 Fund’s 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 sector’s Production Tax Credit (PTC) is up for renewal again. But Washington’s 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 administration’s 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 country’s 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 America’s 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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