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Sam Goldfarb covers tax policy and other economics issues. He joined CQ in 2010 as a House leadership reporter, and before that he was a staff writer at Tax Analysts.
Sam grew up in the suburbs of New York City. He is a graduate of the University of Chicago and Northwestern University, where he received a master's in journalism. He currently lives in Washington, DC.
Congress has tried before to improve functions at the IRS, but has gotten only mixed results.
In January, House Ways and Means Chairman Dave Camp came forward with a bold idea to change the way financial derivatives are taxed.
The IRS official in charge of the division accused of improperly targeting conservative groups will invoke her Fifth Amendment rights against compelled self-incrimination at a committee hearing Wednesday, a sign of concern that the political controversy is heading into the criminal arena.
Current and former IRS officials will face a barrage of questions this week as they testify before Congress about the agency’s scrutiny of conservative groups applying for tax-exempt status.
The breakdown in IRS management that led the agency into a scandal over the improper targeting of conservative groups began with long-standing problems at the division that oversees tax-exempt organizations, according to interviews with former IRS officials.
As House Ways and Means Chairman Dave Camp gets closer to introducing a major rewrite of the tax code, the question of how the legislation will play politically is looming larger than ever.
House Republicans are discussing plans to bring an overhaul of the tax code into an upcoming fight with President Barack Obama over raising the debt ceiling, but they do not see a tax rewrite as a substitute for the big spending cuts they also hope to achieve.
As the economy has slumped and budget deficits have skyrocketed, lawmakers from both parties have expressed new interest in stabilizing the national debt and restructuring the tax code to make it more conducive to economic growth. That’s led some to give serious consideration to policies that were once thought unthinkable.
Although value-added taxes often are linked with Europe in the American imagination, the VAT is pretty much a universal phenomenon beyond U.S. borders.
A consumer advocacy group is urging states to get ahead of Congress in cracking down on offshore tax avoidance that costs states an estimated $40 billion in annual revenue.
Of all the consequences of the compromise tax package that made it into law, one that’s been overlooked is that it may be easier for Democrats to raise taxes in the future, if they can win a majority in the House while maintaining control of the Senate and the White House.
House Republican leaders put forward a measure they’ve pushed out before, a bill to replace the sequester with new spending reductions, as a way to offset part of the cost of the fiscal deal that the Senate sent to the House early Tuesday morning.
Although fiscal cliff clocks in Washington were counting down on Monday toward midnight, the tax provisions hanging in the balance face a series of deadlines over the next few days.
Congressional negotiators raced Saturday to write a compromise fiscal package that would limit the effect of tax increases due to take effect Jan. 1 while pushing many important decisions about the federal budget into the new year.
The Senate’s top two leaders are making a last-ditch effort to avoid the across-the-board tax increases scheduled to take effect Tuesday.
The U.S. government is approaching the limit of its borrowing authority and will begin taking “extraordinary measures” to delay a vote by Congress on increasing the debt ceiling, Treasury Secretary Timothy F. Geithner said in a letter Wednesday to congressional leaders.
Amid growing public pessimism that a fiscal cliff compromise is possible and uncertainty in Washington about where it would even begin, Congress is preparing to make a last attempt to act before large automatic tax increases and automatic spending cuts take effect.
Anti-tax advocate Grover Norquist gave his approval Wednesday to the House Republicans’ “plan B” approach to allow tax rates to go up on household income above $1 million, even as other conservative groups condemned the plan and urged GOP lawmakers to vote “no.”
If there were any question that a top-to-bottom rewrite of the tax system was on the agenda for 2013, it was removed late Tuesday, when news leaked that the White House had offered to accelerate an overhaul of the corporate tax system as part of a larger deficit reduction agreement.
A Rip Van Winkle character who went to sleep three years ago and just woke up in late 2012 might hear the things Republicans have been saying about taxes recently and think the world has turned upside down.
The White House deficit reduction plan sent to House Republicans this week included a proposal to accelerate an overhaul of the corporate tax system as part of a larger agreement, according to a person familiar with negotiations between President Barack Obama and House Speaker John A. Boehner.
Democratic leaders emboldened by this year’s electoral victories are driving a hard bargain on a potential deficit reduction package, pushing to raise taxes significantly in a short time period, while resisting major spending cuts as part of an agreement during the lame-duck session.
Genesee & Wyoming Inc. might not generate nearly as much revenue as the large freight carriers such as Union Pacific Corp., but the regional railroad company has carved out a lucrative operation by buying up short-line railroads that connect businesses to the country’s major, cross-continental rail networks.
Mitt Romney has not filled in details of what the tax code would look like if he wins the presidential election, but conservatives in Washington, D.C., are formulating ambitious plans for how to get an overhaul through Congress.
With the days counting down to the lame-duck session, efforts to devise a bipartisan plan to avoid the fiscal cliff are taking on new urgency in the Senate.