Political Capital
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Richard Rubin

covers federal tax policy. He worked at Congressional Quarterly and The Charlotte Observer before joining Bloomberg News in 2010.

Kurt Busch, driver of the #41 Haas Automation Chevrolet, celebrates after winning the NASCAR Sprint Cup Series STP 500 at Martinsville Speedway on March 30, 2014 in Virginia.

Photograph by Chris Graythen/Getty Images

Kurt Busch, driver of the #41 Haas Automation Chevrolet, celebrates after winning the NASCAR Sprint Cup Series STP 500 at Martinsville Speedway on March 30, 2014 in Virginia.

NASCAR, Olympic Medals, Film, TV: Give us a Tax Break

Democrat Mark Warner backs a NASCAR tax break. Republican Johnny Isakson supports one for film and television productions. And Democrat Thomas Carper backs a provision that aids U.S. multinational companies’ offshore operations. Those are among the key takeaways from the...

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U.S. Treasury Inspector General for Tax Administration J. Russell George, former IRS Commissioner Douglas Shulman and Internal Revenue Service Director of Exempt Organizations Lois Lerner are sworn in before testifying to the House Oversight and Government Reform Committee on May 22, 2013 in Washington, DC.

Photograph by Chip Somodevilla/Getty Images

U.S. Treasury Inspector General for Tax Administration J. Russell George, former IRS Commissioner Douglas Shulman and Internal Revenue Service Director of Exempt Organizations Lois Lerner are sworn in before testifying to the House Oversight and Government Reform Committee on May 22, 2013 in Washington, DC.

IRS Oversight Board’s Empty Chairs

More than 300 days after a political controversy rocked the Internal Revenue Service, President Barack Obama did something rare: He nominated someone to the tax agency’s oversight board. His pick is Linda Millsaps, former chief operating officer at the North...

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A girl with a water container among debris of destroyed houses in Tacloban, Leyte province on Dec. 7, 2013.

Photograph by Noel Celis/AFP via Getty Images

A girl with a water container among debris of destroyed houses in Tacloban, Leyte province on Dec. 7, 2013.

Typhoon Tax Break: Still Time for Aid

Taxpayers who haven’t filed their 2013 income tax returns yet have a rare chance this year to get a last-minute deduction. Normally, Americans can claim deductions for charitable contributions made through Dec. 31, a deadline that typically spurs a flurry...

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Members of the media follow Lois Lerner, the director of the Internal Revenue Service's exempt organizations office, left, after a House Oversight and Government Reform Committee hearing in Washington, D.C., on May 22, 2013.

Photograph by Pete Marovich/Bloomberg

Members of the media follow Lois Lerner, the director of the Internal Revenue Service's exempt organizations office, left, after a House Oversight and Government Reform Committee hearing in Washington, D.C., on May 22, 2013.

IRS on Issa’s Document Request: ‘Months if Not Years’

It will take “months if not years” for the Internal Revenue Service to produce all  the documents requested by the House Oversight and Government Reform Committee, IRS Commissioner John Koskinen said today. Koskinen, in his first appearance at the committee,...

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Representative David "Dave" Camp, a Republican from Michigan and chairman of the House Ways and Means Committee, speaks during a news conference in Washington, D.C., on Feb. 26, 2014.

Photograph by Andrew Harrer/Bloomberg

Representative David "Dave" Camp, a Republican from Michigan and chairman of the House Ways and Means Committee, speaks during a news conference in Washington, D.C., on Feb. 26, 2014.

Camp’s Bank Tax Drawing Party Fire

– written with Cheyenne Hopkins When Republican Rep. Dave Camp proposed a version of President Barack Obama’s bank tax, he irritated more than just the handful of companies that would be on the hook for $86.4 billion over the next...

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Ronald "Ron" Wyden, a Democrat from Oregon, center, arrives to the U.S. Capitol to vote on the nomination of Janet Yellen as chairman of the U.S. Federal Reserve in Washington, D.C., on Jan. 6, 2014.

Photograph by Andrew Harrer/Bloomberg

Ronald "Ron" Wyden, a Democrat from Oregon, center, arrives to the U.S. Capitol to vote on the nomination of Janet Yellen as chairman of the U.S. Federal Reserve in Washington, D.C., on Jan. 6, 2014.

Wyden Seeks Extension of Lapsed Tax Breaks

Ron Wyden, the new chairman of the Senate Finance Committee, is eyeing a committee vote this spring to extend lapsed tax breaks, says Lindsey Held, a committee spokeswoman. The Oregon Democrat has made the lapsed breaks, such as the research...

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Rep. Dave Camp (R-MI), chairman of the House Ways and Means Committee proposed restructuring the U.S. tax code on Feb. 26, 2014.

Photograph by Andrew Harrer/Bloomberg

Rep. Dave Camp (R-MI), chairman of the House Ways and Means Committee proposed restructuring the U.S. tax code on Feb. 26, 2014.

Blackstone, Other Private Equities Face Corporate Tax Rates in Reform

Blackstone Group, KKR & Co. and other publicly traded private equity firms would be forced to go private or pay the corporate income tax under a plan from the top Republican tax writer in Congress. The proposal from Rep. Dave...

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John Koskinen waits to testify before his confirmation hearing at the Senate Finance Committee in Dirksen Building on his nomination to be commissioner of Internal Revenue Service.

Photograph by Tom Williams/CQ Roll Call

John Koskinen waits to testify before his confirmation hearing at the Senate Finance Committee in Dirksen Building on his nomination to be commissioner of Internal Revenue Service.

IRS Boneheaded or Political? — House Welcomes Commissioner

Boneheaded actions or political targeting? That’s the question that has loomed over the Internal Revenue Service for nine months — and it consumed Commissioner John Koskinen’s first appearance before the House Ways and Means Committee today. Republicans, including Reps. Dave...

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House Ways and Means Committee Chairman Dave Camp (R-MI) at a news conference on the 50th anniversary of the start of the War on Poverty on Jan. 8, 2014 in Washington, DC.

Photograph by Chip Somodevilla/Getty Images

House Ways and Means Committee Chairman Dave Camp (R-MI) at a news conference on the 50th anniversary of the start of the War on Poverty on Jan. 8, 2014 in Washington, DC.

Camp Challenges IRS Rules Changes for Nonprofits

Dave Camp is still displeased with the Internal Revenue Service. The Michigan Republican and chairman of the House Ways and Means Committee requested a pile of documents from the U.S. tax agency today as he tries to stop rules that...

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