Senator Max Baucus, chairman of the U.S. Senate Finance Committee, said a formal investigation by his panel will get to the bottom of who at the Internal Revenue Service selectively screened groups applying for tax-exempt status based in part on...
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Photograph by David Brody/Bloomberg
Senator Max Baucus, a Democrat from Montana, right, greets Douglas Shulman, commissioner of the U.S. Internal Revenue Service, prior to a hearing about tax policies relating to Ponzi schemes before the Senate Finance Committee on Capitol Hill in Washington, D.C., on March 17, 2009.
Baucus: Senate Will Get to Bottom of IRS Case
Photograph by Alex Wong/Getty Images
Treasury Inspector General for Tax Administration J. Russell George, left, and Former Acting Commissioner of the Internal Revenue Service Steve Miller testify during a hearing before the House Ways and Means Committee on May 17, 2013 on Capitol Hill in Washington, DC.
IRS Planted the Question that Started Scandal
The Internal Revenue Service wrote and planted the question asked on May 10 that led to the IRS scandal, the questioner said in a statement today. Celia Roady, a partner at Morgan, Lewis & Bockius LLP in Washington, said that...
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Photograph by Greg Johnston
Cayman Islands
Nonprofits: Cayman Islands of Political Money
Social welfare nonprofits, which can keep their donors secret, are a lot like Russian nesting dolls: Open one, and you’ll find a smaller version inside. That’s what courts in California discovered last year when they tried to figure out who...
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Photograph by Kevork Djansezian/Getty Images
Former first lady and Secretary of State Hillary Rodham Clinton speaks with her husband former president Bill Clinton as they attend the opening ceremony of the George W. Bush Presidential Center on April 25, 2013 in Dallas, Texas.
Bill Clinton: Hillary 2016 Speculation Waste of Time
Bill Clinton says it’s a waste of time to speculate about his wife’s ambitions for 2016. “That is the worst expenditure of our time,” the former president said today at a 2013 Fiscal Summit sponsored by the Peterson Foundation. Hillary...
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Photograph by Andrew Harrer/Bloomberg
The U.S. Department of the Treasury building in Washington, D.C.
Bloomberg by the Numbers: $35 Bln
That’s how much government debt the Treasury Department projects it will pay down in this year’s second quarter. That would mark the first net decline in debt since 2007, before the deepest recession since the Great Depression took hold. The...
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Photograph by Daniel Acker/Bloomberg
Delegates watch a video about former President George W. Bush at the Republican National Convention (RNC) in Tampa, Florida.
Bush Revisited: Regaining Lost Ground
“After the most unpopular second term of the post-World War II era, ” pollster Gary Langer reports, former President George W. Bush “has gained in public esteem as time since his presidency has passed – not that the public’s ready...
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Photograph by Chip Somodevilla/Getty Images
Senate Budget Committee staff members hand out copies of the Obama Administration's proposed FY 2014 federal budget in the Dirksen Senate Office Building on Capitol Hill April 10, 2013 in Washington, DC.
Bloomberg by the Numbers: 67%
That’s the share of the higher taxes under President Barack Obama’s budget proposal that the top 1 percent of U.S. taxpayers would pay in 2023. The figure comes from the nonpartisan Tax Policy Center, which yesterday released an analysis of...
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Photograph by Daniel Acker/Bloomberg
Department of the Treasury Internal Revenue Service (IRS) 1040 Individual Income Tax forms for the 2012 tax year.
Bloomberg by the Numbers: 2%
That’s the share of Americans who identified taxes as the biggest problem facing the nation, according to Gallup surveys last month. The share of people identifying taxes as the biggest problem historically has been in the low single digits, according...
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Photograph by Daniel Acker/Bloomberg
Storage tanks stand near a Lufkin Industries Inc. Mark II Unitorque electric pumping unit as it removes crude oil from a Fidelity Exploration & Production Co. well outside South Heart, North Dakota.
State Tax Revenue Hit Record in 2012
Here’s more evidence the economy is coming back: State tax collections reached a record in 2012, totaling $794.6 billion. The tally breaks the previous mark of $779.7 billion set in 2008, the U.S. Census Bureau reported today. Many states attributed...
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Photograph by Chip Somodevilla/Getty Images
JP Morgan Chase CEO Jamie Dimon, left, and Goldman Sachs CEO Lloyd Blankfein leave the White House after they and 13 other bank heads met with President Barack Obama on March 27, 2009 in Washington, DC.
Washington Daybook: Banks, Budgets and Guns
President Barack Obama will meet with the heads of the world’s biggest banks, including Goldman Sachs Group Inc.’s Lloyd C. Blankfein and JPMorgan Chase & Co.’s Jamie Dimon, seeking to strengthen ties that have been strained by new U.S. curbs...
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Contributors
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Al Hunt
is a columnist for Bloomberg View and host of the weekly show "Political Capital with Al Hunt" on Bloomberg TV. -
Mark Silva
is deputy managing editor for government news in Washington and editor of Political Capital. He has covered the White House and national politics. -
Emma Fidel
is political editor for Bloomberg.com in Washington. She previously covered financial regulation as a Bloomberg intern. -
Don Frederick
edits political and government coverage for Bloomberg News. He previously worked for more than a decade at the Los Angeles Times' Washington bureau. -
Gregory Giroux
analyzes elections, financing of congressional and presidential elections, political advertising and demographics in Bloomberg's Washington Bureau. -
Julie Bykowicz
covers the influence of money and lobbying in Washington, and covered the state legislature and city crime for the Baltimore Sun for 10 years. -
Jonathan Salant
covers campaign finance and lobbying in Washington. He was president of the National Press Club and started in Washington in 1987. -
Richard Rubin
covers federal tax policy. He worked at Congressional Quarterly and The Charlotte Observer before joining Bloomberg News in 2010. -
Stephanie Green
is a writer and photographer for Bloomberg Muse, the arts and leisure section of Bloomberg News. She has also written for The Washington Post, The Huffington Post and The Washington Times. -
Julie Hirschfeld Davis
is a senior political reporter for the Washington Bureau. She covered the 2012 campaign for Bloomberg News and previously covered the White House for the Baltimore Sun. -
Lisa Lerer
covers the White House and covered the 2012 campaign for Bloomberg News. She covered Congress, lobbying and the 2008 campaign for Politico. -
John McCormick
is a national political reporter looking forward to the 2016 presidential campaign, which will be the fifth he's covered. He's also reported for The Des Moines Register and Chicago Tribune. -
Julianna Goldman
covers the White House for Bloomberg News and Bloomberg Television. -
Hans Nichols
covers the White House for Bloomberg News and Bloomberg Television. -
Margaret Talev
covers the White House for Bloomberg News and covered the White House for McClatchy Newspapers. She has covered California and Florida politics. -
Cary O'Reilly
is Editor at Large at Bloomberg First Word and is Washington Daybook columnist for Bloomberg Government and Bloomberg News.
