Political Capital

Taxes

President Barack Obama arrives to speak before signing an Executive Order titled "Fair Pay and Safe Workplace" in the South Court Auditorium of the Eisenhower Executive Office Building on July 31, 2014.

Photograph by Andrew Harrer/Bloomberg

President Barack Obama arrives to speak before signing an Executive Order titled "Fair Pay and Safe Workplace" in the South Court Auditorium of the Eisenhower Executive Office Building on July 31, 2014.

Obama: No ‘Twiddling Thumbs’

Is this an imperial presidency? President Barack Obama was asked about the stalemate on Capitol Hill and whether that has enabled him to embrace executive powers to their fullest. “I never have a green light. I’m bound by the Constitution....

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The Internal Revenue Service headquarters stands in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

The Internal Revenue Service headquarters stands in Washington, D.C.

Bloomberg by the Numbers: $13.1 Billion

That’s how much the Internal Revenue Service collected in estate taxes in fiscal year 2013. The Republican-led House may vote to repeal the tax before the Nov. 4 election. The House is set to begin a month-long recess after legislative activity today....

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Lois Lerner, the director of the Internal Revenue Service's (exempt organizations office, during a House Oversight and Government Reform Committee hearing in Washington, D.C., on May 22, 2013.

Photograph by Pete Marovich/Bloomberg *

Lois Lerner, the director of the Internal Revenue Service's (exempt organizations office, during a House Oversight and Government Reform Committee hearing in Washington, D.C., on May 22, 2013.

Sticks and Stones: Lerner’s Permit

Not since George W. Bush called a reporter one has the word ricocheted around the Internet so loudly. Lois Lerner, it turns out, had some harsh words about conservatives in government emails that the House Ways and Means Committee has...

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John Koskinen, commissioner of the Internal Revenue Service (IRS), swears in to a House Oversight and Government Reform Subcommittee hearing in Washington, D.C., on July 23, 2014.

Photograph by Andrew Harrer/Bloomberg *

John Koskinen, commissioner of the Internal Revenue Service (IRS), swears in to a House Oversight and Government Reform Subcommittee hearing in Washington, D.C., on July 23, 2014.

IRS Needs Commission Bosses: Report

House Republicans are so sick of dealing with Internal Revenue Service commissioners that they want to get rid of the job entirely. IRS Commissioner John Koskinen should be replaced by a bipartisan commission, according to a House Oversight and Government...

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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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Balloons in the "Health Corner" conference room, used to host customer programs with local doctors and heathcare experts, at a Walgreen Co. store in Chicago.

Photograph by Daniel Acker/Bloomberg

Balloons in the "Health Corner" conference room, used to host customer programs with local doctors and heathcare experts, at a Walgreen Co. store in Chicago.

Walgreen Chided For Tax-’Dodge’ Prescription: Harry Reid

Five months after Democrats in Washington, including President Barack Obama, praised CVS executives for their decision to stop selling smokes, another drugstore has fallen into the party’s cross-hairs. Illinois-based Walgreen Co. was hammered for 10 minutes on the Senate floor...

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Hillary Rodham Clinton listens as Jeb Bush speaks before the presentation of the 2013 Liberty Medal in Philadelphia.

Photograph by William Thomas Cain/Getty Images

Hillary Rodham Clinton listens as Jeb Bush speaks before the presentation of the 2013 Liberty Medal in Philadelphia.

Bush-Clinton, Read My Lips — ‘Hard Choices’ Redux

First Bush, then Clinton. Then Bush, and now Clinton again? The scenario itself is not new. Hillary Clinton faced it before, in 2008 (in today’s edition of look how young they all looked): Yet the first time the nation confronted...

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