The U.S. House of Representatives has passed a sweeping redesign of federal financial regulations that, according to the Associated Press, "would give the government new powers to break up companies that threaten the economy, create a new agency to oversee" [...]
The House of Representatives approved the extension of 45 "expiring" provisions for 2010. These provisions include tax breaks ranging from the Research Credit to seven-year depreciation for "qualified motor sports facilities."
One tax scholar says temporary provisions like this are a good idea because they allegedly make Congress [...]
Those of you who were planning to die next year to take advantage of the scheduled one-year repeal of the estate tax may need to make other plans. The House of Representatives yesterday voted to permanently extend the 2009 rules, with their 45% rate and $3.5 million lifetime [...]
Next week, the United States House of Representatives will vote on whether or not to extend the current estate tax rates or allow them to expire at the end of 2009. While members of Congress support the extension, the biggest roadblock will be getting legislation through the Senate, who will [...]
The United States Senate voted last week to debate their health care bill, the Patient Protection and Affordable Care Act. However, their legislation is significantly different than the bill passed by the House of Representatives a few weeks ago. To help anyone curious about the differences between the two Democratic [...]
Last Wednesday, the Senate Majority Leader Harry Reid and key Democratic leaders announced their highly anticipated health care reform bill, which has already been voted to the debate floor. For those of you who do not remember, the House of Representatives unveiled their plan a few weeks ago. The [...]
After voting to extend the homebuyers credit just a few weeks ago, Congress is already making plans to extend $37 billion in tax cuts for individuals and businesses in 2010. Leaders of the House of Representatives have been working on legislation and assert that they plan to pass the legislation [...]
