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Tax and Politics
Politics may be divisive and polarizing, but it impacts every aspect of our lives—including our taxes. Read this section of our blog to find out when Washington is taking aim at tax policy. New tax laws, tax debates, and even state headlines can be found here. We’ll walk you through all the biggest headlines to help you understand how our elected officials may affect your taxes. Have questions about your taxes? Get them answered by using our free live chat feature, located to the bottom right of your screen – or by clicking here.
Category: Tax and Politics
Aug
02
Obama’s Comment Fuels Jet Owner Debate
As the debate over raising the nation’s debt ceiling wraps up, you may notice something. President Obama is making an obscure tax break one of his favorite talking points. If you’re a jet owner, listen up. Tax Breaks for Corporate Jet Owners ...
Jul
20
Even the U.S. Cannot Default on Bills
In the Spring of 1979, Congress was “playing politics” over the debt limit. But it ultimately raised it to $830 billion (a far cry from today’s $14.3 trillion) with only hours to spare. This raises a serious point. Even the U.S. cannon default ...
Jun
30
Washington in Uproar Over Debt Limit
Washington is seeing a bit of drama unfold. President Obama and Republican leaders in Congress face off over tax breaks and their impact on the nation’s long-term spending. This can affect the debt limit. Obama squares off with Republicans! The deb...
May
08
General Electric Skips out on Taxes!
If you’ve been watching the news lately, then you may have heard that General Electric – one of the US’ largest corporations – paid no taxes in 2010. That’s right, the conglomerate that makes everything from appliances to jet engines with b...
Nov
11
Service Members Combat Taxes!
Every Veterans and Memorial Day we remember and cherish the sacrifices members of the armed services make for the good of our country. American veterans and service members hold a special place in our society that honors their service. And we appreci...
Nov
10
Election 2010: Republicans gain seats
Election 2010 came and went yesterday. Yesterday saw a change in Washington as Republicans gained clout in Congress, winning control of the U.S. House of Representatives and gaining seats in the U.S. Senate. Most commonly known the party of lower tax...
Apr
03
How Businesses Can Save on Healthcare
President Obama and Congress just passed major legislation overhauling our country’s healthcare system, and if you’re a small business owner there will be changes to the tax code for you to take advantage of over the coming months. Healthcare Tax...
Feb
17
Save Energy on Uncle Sam’s Dime
Hoping to inject a dose of energy into our sluggish economy, Congress just passed a massive stimulus measure in hopes of getting it back on track. Now, you can save energy and have the government help with the tab. Stimulus Full of Energy Efficiency ...
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