Political Capital

Posts tagged: tax reform

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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The Bank of America Corp. branch in Charlotte, North Carolina.

Photograph by Davis Turner/Bloomberg

The Bank of America Corp. branch in Charlotte, North Carolina.

Bloomberg by the Numbers: $86.4 Billion

That’s how much could be raised over 10 years by a tax on banks and insurance companies that House Ways and Means Chairman Dave Camp plans to propose today as part of a federal tax code overhaul. The biggest U.S....

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Representative Dave Camp, chairman of the House Ways and Means Committee, left, questions J. Russell George, U.S. Treasury inspector general for tax administration during a committee hearing in Washington, D.C., on May 17, 2013.

Photograph by Andrew Harrer/Bloomberg

Representative Dave Camp, chairman of the House Ways and Means Committee, left, questions J. Russell George, U.S. Treasury inspector general for tax administration during a committee hearing in Washington, D.C., on May 17, 2013.

Camp Plans Life After Ways and Means — in the House

Rep. Dave Camp, who has one more year remaining as chairman of the House Ways and Means Committee, says he plans to run for another term this year. The Michigan Republican told reporters in the Capitol today that he wasn’t...

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President Barack Obama in the Oval Office on Dec. 18, 2013.

Photograph by Carolyn Kaster/AP Photo

President Barack Obama in the Oval Office on Dec. 18, 2013.

Obama’s Year-End News Conference

Has this president got something to talk about today, or what? Never mind Obamacare and the admittedly “fumbled” rollout of the HealthCare.Gov website that only served to confirm the warnings of the Republican opponents of the president’s signature health-care law...

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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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Chairman Max Baucus, D-Mont., left, has a word with ranking member Sen. Orrin Hatch, R-Utah, before a Senate Finance Committee hearing in Dirksen entitled 'The President's 2012 Trade Agenda,' featuring testimony by Ron Kirk, U.S. Trade Representative.

Photograph by Tom Williams/CQ Roll Call via Getty Images

Chairman Max Baucus, D-Mont., left, has a word with ranking member Sen. Orrin Hatch, R-Utah, before a Senate Finance Committee hearing in Dirksen entitled 'The President's 2012 Trade Agenda,' featuring testimony by Ron Kirk, U.S. Trade Representative.

Baucus or Hatch: Who Has it Right?

Sen. Max Baucus either has or hasn’t made a private promise to Sen. Orrin Hatch that he won’t seek additional revenue for deficit reduction through a tax code rewrite, depending on whether you believe Baucus or Hatch. “We both have...

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