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The spending plan may be the most significant document the IRS will produce for the remainder of the Biden Administration. It will, in large measure, establish the agency’s credibility with Congress and the public as it prepares to spend $80 billion over the next decade, → Read More
Biden’s decision buys a few more months under the emergency. → Read More
Washington State is refining its first-in-the-nation public program and plans to begin collecting premiums in July and paying benefits in 2026. → Read More
House Republicans say they want to balance the federal budget in 10 years by cutting spending only, and seem to have received a promise from newly-elected House Speaker Kevin McCarthy (R-CA) to bring such a plan to the floor for a vote sometime this year. → Read More
House Republicans say they want to balance the federal budget in 10 years by cutting spending only, and seem to have received a promise from newly elected House Speaker Kevin McCarthy (R-CA) to bring such a plan to the floor for a vote sometime this year. → Read More
It is easy to write off as mere symbolism the House vote to rescind nearly all the $80 billion IRS funding increase Congress approved last year. → Read More
A trial found the drug slowed the progression of early-stage Alzheimer’s disease. → Read More
Once they finally pick a Speaker, the first bill House Republicans will adopt likely would make it harder for the IRS to help taxpayers file their returns and easier for tax dodgers to cheat. → Read More
The two new reports on the IRS’s handling of former President Donald Trump’s tax returns raise more questions than answers. The most important one is: Why has the agency been so slow to review Trump’s returns? → Read More
The spending bill congressional leaders agreed to creates significant new incentives for retirement savings and broadly eases rules for withdrawing funds. → Read More
The lame duck Congress will spend the next several weeks arguing over several key provisions of the 2017 Tax Cuts and Jobs Act (TCJA) and the 2021 American Rescue Plan. A Tax Policy Center analysis finds extending them would reduce federal revenues by nearly $700 billion from 2023 to 2032. → Read More
The lame duck Congress will spend the next several weeks arguing over several key provisions of the 2017 Tax Cuts and Jobs Act (TCJA) and the 2021 American Rescue Plan. A Tax Policy Center analysis finds extending them would reduce federal revenues by $1.1 trillion from 2023 to 2032. → Read More
While few legislative initiatives are likely, watch for an aggressive ongoing regulatory push on nursing homes from the Biden Administration. → Read More
Nearly all MA members are in plans that CMS rates above average. → Read More
Half of retirees spent more than $4,300 for health care in 2018, according to a study by the Center for Retirement Research at Boston College. → Read More
How these benefits are delivered to businesses, through direct subsidies or tax policy, matters a lot. → Read More
Understanding how the Inflation Reduction Act (IRA) will affect the Internal Revenue Service’s operations requires wading through a swamp of misinformation, disinformation, and no information. Here are the facts we know and some key questions about how the IRS will spend the new funding. → Read More
President Biden and congressional Democrats won a big policy battle when Congress enacted the Inflation Reduction Act (IRA), despite unanimous Republican opposition. But who will win the political battle? That will depend on who best can frame this complex piece of legislation. → Read More
The Tax Policy Center analyzed the big climate, health, and tax bill three different ways. The bill is quite progressive every time. → Read More
Like many crypto supporters, Toomey and Sinema appear to want tokens treated as both money and property. → Read More