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.


John Koskinen, commissioner of the Internal Revenue Service (IRS), swears in to a House Oversight and Government Reform Subcommittee hearing in Washington, D.C., on July 23, 2014.

Photograph by Andrew Harrer/Bloomberg *

John Koskinen, commissioner of the Internal Revenue Service (IRS), swears in to a House Oversight and Government Reform Subcommittee hearing in Washington, D.C., on July 23, 2014.

IRS Needs Commission Bosses: Report

House Republicans are so sick of dealing with Internal Revenue Service commissioners that they want to get rid of the job entirely. IRS Commissioner John Koskinen should be replaced by a bipartisan commission, according to a House Oversight and Government...

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A Bank of America Corp. branch in New York.

Photograph by Ron Antonelli/Bloomberg

A Bank of America Corp. branch in New York.

U.S. Firms Amass Subsidiaries in Low-Tax, No-Tax ‘Havens’

The largest U.S.-based companies are making extensive use of subsidiaries in low-tax and no-tax jurisdictions, according to a report released today by Citizens for Tax Justice and the U.S. Public Interest Research Group. The study, which examined the Fortune 500,...

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Seasonal worker Steven Flagg, in a Statue of Liberty costume, three days before the April 15 tax deadline.

Photograph by Luke Sharrett/Bloomberg

Seasonal worker Steven Flagg, in a Statue of Liberty costume, three days before the April 15 tax deadline.

IRS Spent $14 Million Complying with Congressional Inquiry

Congress spent a lot of time investigating the Internal Revenue Service  last year. And now there’s statistical proof. Congressional committees received 10.6 billion disclosures of taxpayer information last year, up from 2.4 billion the year before, according to the Joint Committee on...

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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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