Political Capital

Posts tagged: tax code

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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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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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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Representative Dave Camp, a Republican from Michigan and chairman of the House Ways and Means Committee, left, during a hearing with Representative Sander Levin, a Democrat from Michigan, in Washington, D.C., on Oct. 29, 2013.

Photograph by Andrew Harrer/Bloomberg

Representative Dave Camp, a Republican from Michigan and chairman of the House Ways and Means Committee, left, during a hearing with Representative Sander Levin, a Democrat from Michigan, in Washington, D.C., on Oct. 29, 2013.

Camp: Pause IRS Regs on NonProfits

The Republican chairman of the House Ways and Means Committee wants to press the pause button on Internal Revenue Service regulations that will shape how nonprofit groups can engage in politics. Rep. Dave Camp of Michigan proposed a bill that...

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Senator Max Baucus, a Democrat from Montana, speaks to members of the media while arriving for a closed door meeting at Capitol Hill in Washington, D.C., on Sept. 3, 2013.

Photograph by Pete Marovich/Bloomberg

Senator Max Baucus, a Democrat from Montana, speaks to members of the media while arriving for a closed door meeting at Capitol Hill in Washington, D.C., on Sept. 3, 2013.

@SimplerTaxes: Really

Simpler Taxes. That should get everyone’s attention. It has the full focus of Sen. Max Baucus, chairman of the Senate Finance Committee. He may be retiring next year, but the five-term Democrat from Montana is intent on redrawing the U.S....

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President Barack Obama speaks at the Port of New Orleans, Louisiana, on Nov. 8, 2013.

Photograph by Jewel Samad/AFP via Getty Images

President Barack Obama speaks at the Port of New Orleans, Louisiana, on Nov. 8, 2013.

Obama: ‘I Don’t Write Code’

The president of the United States may be a constitutional law professor, but he doesn’t write computer code. President Barack Obama had a couple of codes on his mind today, as he appeared in New Orleans to tout international trade....

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Senator Max Baucus, a Democrat from Montana and chairman of the Senate Finance Committee, speaks before a Bloomberg Television interview in Washington, D.C., on May 16, 2013

Photograph by Julia Schmalz/Bloomberg

Senator Max Baucus, a Democrat from Montana and chairman of the Senate Finance Committee, speaks before a Bloomberg Television interview in Washington, D.C., on May 16, 2013

Top Tax-Writers Predict Passage of Code Rewrite

A tax code rewrite has more than a 50 percent chance of passing, Senate Finance Chairman Max Baucus and House Ways and Means Chairman Dave Camp both said today. “Above 50 percent,” Baucus, a Montana Democrat, said at an Economic Club luncheon...

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Speaker of the House Rep. John Boehner leaves after a media availability on Feb. 25, 2013 on Capitol Hill in Washington.

Photograph by Alex Wong/Getty Images

Speaker of the House Rep. John Boehner leaves after a media availability on Feb. 25, 2013 on Capitol Hill in Washington.

Boehner: Tax Overhaul No. 1 Bill

The best seat in the House belongs to a tax-code overhaul. House Speaker John Boehner is reserving the bill number HR 1 for the rewrite of the tax code, according to Kevin Smith, a spokesman for the Ohio Republican. It’s...

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