Political Capital

Posts tagged: tax breaks

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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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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US_100_DOLLAR_BILLS

Photograph by Scott Eells/Bloomberg

Bloomberg by the Numbers: $181 Billion

That’s how much in income tax breaks U.S. corporations received in 2011, according to a Government Accountability Office report. The total refers to so-called tax expenditures — revenue that the federal government foregoes because of exemptions, deductions, credits, deferral or...

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A copy of the U.S. Department of the Treasury Internal Revenue Service 1040 Individual Income Tax form for the 2011 tax year belonging to President Barack Obama and his wife, first lady Michelle Obama.

Photograph by Daniel Acker/Bloomberg

A copy of the U.S. Department of the Treasury Internal Revenue Service 1040 Individual Income Tax form for the 2011 tax year belonging to President Barack Obama and his wife, first lady Michelle Obama.

Obama’s Pay Cut (Tax Break)

Talk about a circular transaction. President Barack Obama could be able to claim a tax break for his decision to return 5 percent of his salary to the government. Obama is giving back part of his $400,000 in salary in solidarity with federal...

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Kim Kardashian and Paris Hilton in Los Angeles.

Photograph by Chris Polk/AP Photo

Kim Kardashian and Paris Hilton in Los Angeles.

Paris Hilton and Kim Kardashian, Harry Reid’s Thinking About You

This may have been the Senate’s version of a squirrels-on-water-skis video. Majority Leader Harry Reid tossed in the names of a few reality-TV celebrities when making a point on the Senate floor about the wealthy paying taxes. “Congressional Republicans want...

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