ShareThis Senate passes budget after late-night ‘vote-a-rama‘ 23 Mar 2013 Senators rammed through a whopping 101 amendments and took 70 roll call votes in a late night “vote-a-rama” session that lasted until 5:30 a.m. Saturday. The budget plan, proposed by Senate Budget Committee Chairwoman Patty Murray, only narrowly passed by a 50-49 vote. The blueprint [...]
To close tax loopholes, Obama would open new ones
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President Barack Obama wants to close dozens of loopholes that let some companies pay little or nothing in taxes. But he also wants to open new ones for manufacturers and companies that invest in clean energy. To some analysts, the new loopholes risk upending the level playing field Obama says he wants to create. Some [...]
White House Economic Adviser: ‘We Need a Global Minimum Tax’
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Gene Sperling, director of the White House’s national economic council, said today at an official meeting that “we need a global minimum tax”: “He supports corporate tax reform that would reduce expenditures and loopholes, lower rates for people investing and creating jobs in the U.S., due so further for manufacturing, and that we need to, [...]
Amazon Will Go Along with Internet Sales Tax After All
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By TED MANN, The Atlantic Wire Just a few months ago, the giant retailer was filing lawsuits and dropping affiliates to combat states trying to charge online sales tax. Now, Amazon is on board. As states have struggled to find new tax revenues over the past couple of deficit years, many have sought to levy [...]
Tax issues stall deficit committee as deadline nears
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By Lisa Mascaro, LA Times Deadlock. Impasse. Cooling-off period. Call it what you will, but the congressional super committee on deficit reduction has again stalled out after a flurry of proposals this week from Republican and Democratic members as the Thanksgiving deadline approaches. Talks continue behind closed doors as smaller groups of lawmakers from the [...]














