Political Capital

Posts tagged: tax reform

President Barack Obama delivers remarks from the wharf near the PortMiami tunnel project in Miami, Florida on March 29, 2013.

Photograph by Jim Watson/AFP via Getty Images

President Barack Obama delivers remarks from the wharf near the PortMiami tunnel project in Miami, Florida on March 29, 2013.

Obama: ‘Gaming the (Tax) System’

It’s a matter of “economic patriotism,” President Barack Obama says. Targeting the tax “inversions” that have enabled American companies to merge with firms offshore and benefit from the lower tax rates of foreign countries, the president called for an end...

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Former President Bill Clinton during the Civil Rights Summit at the LBJ Presidential Library on April 9, 2014 in Austin, Texas.

Photograph by Deborah Cannon-Pool/Getty Images

Former President Bill Clinton during the Civil Rights Summit at the LBJ Presidential Library on April 9, 2014 in Austin, Texas.

Bill Clinton: Corporate Tax Reform, for Starters

Bill Clinton is nothing if not pragmatic. On the debate about illegal immigration, he says: “A lot of those people are here anyway, and if you legalize them they will pay taxes… and you will have more balance.” “I think...

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Tourists inspect the Yoshino Cherry trees in front of the U.S. Capitol on April 9, 2014 in Washington, DC.

Photograph by Mark Wilson/Getty Images

Tourists inspect the Yoshino Cherry trees in front of the U.S. Capitol on April 9, 2014 in Washington, DC.

Tax Reform in Washington: As Needed, and Slow, as Nationally

Tax reform isn’t gaining much traction in Washington. Yet it’s not only the nation’s taxes that could use another look. Washington’s own taxes are looking fairly archaic, too. The Tax Foundation is encouraging action, based on the District of Columbia...

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An associate with Intel Labs greets visitors at the technology showcase in San Francisco.

Photograph by Ryan Anson/Bloomberg

An associate with Intel Labs greets visitors at the technology showcase in San Francisco.

Bloomberg by the Numbers: 1981

The federal research and development tax credit was enacted in 1981. The credit has been frequently extended or modified since then, frustrating business leaders who say the lack of permanence creates uncertainty and complicates investment decisions. The credit lowers the...

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

Bloomberg by the Numbers: 25%

Corporations would see their top tax rate reduced to 25 percent from 35 percent under a tax-code overhaul by the top Republican tax-writer. “The 979-page plan from Representative Dave Camp would mark the most significant changes to the U.S. tax...

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