FROM Richard Rubin
Tax Day - Who Pays What? Yes, it’s April 15th … tax day! Are the rich paying more or less than their fair share? Now there’s a new report by Congress’ Joint Committee on Taxation. It takes a broad look at ALL the taxes we pay -- not just federal income tax -- to see what Americans’ true tax load really looks like.
E-filing Technology Increasing Tax Return Fraud With April 15 looming, tax-filing software makes paying the US Treasury more convenient — but it's also created a new industry for financial fraud. The IRS says it distributed $5.2 billion in fake tax refunds in 2013 alone. Richard Rubin reports on tax policy for Bloomberg News .
Obama Unveils Trillion Dollar Budget President Obama today unveiled a $4 trillion budget that lifts caps on defense spending and expands services for the middle class. It’s designed to challenge the Republican majorities in Congress. Richard Rubin covers taxes and budgets for Bloomberg News.
Can Corporations Be Patriots? Congress adjourned for the summer with tax reform still caught in political gridlock. Since then, President Obama has seized on a tax proposal once buried in his budget to attack a practice multi-national companies use to avoid paying taxes in the US; it’s called “corporate inversion.”
Bailout Bill Goes to the White House Congress reconsidered what's now called the "economic rescue" plan amid dismal news about employment and California's need for a big federal loan. Today the bailout passed by 263 to 171. Saying that passage of the bill won't get us out of the recession, Republican leader John Boehner admitted that "it'll be a whole lot rougher ride if we don't pass this bill." Democrat Nancy Pelosi, the House Speaker, acknowledged that in "my own state of California, officials -- including the governor -- are urgently calling for federal legislation to avoid economic catastrophe." Will the bill resolve the credit crisis? Will taxpayers make money on a $700 billion investment? We ask those questions today.
Nationalism's appeal on both sides of the Atlantic Nationalism, Populism, concerns about immigration and outright racism are part of election campaigns from the US to Europe. We hear how today's election in Holland reflects the recent past and may forecast the future.
'Do-or-die' time on healthcare bill President Trump has demanded a House vote today on replacing Obamacare…whatever the details might be. Despite his campaign promise that nobody would lose health insurance, that's possible for 24 million people if he were finally to sign this bill into law.
The airline electronics ban and what it means President Trump's Department of Homeland Security has banned all electronic devices larger than cell phones on some foreign airlines flying direct to the US. It's causing confusion as well as inconvenience. Is the motive really just increased security?
The 'deconstruction' of the administrative state President Trump has failed to fill high-level positions in important agencies — and some people he has named want to phase out the agencies they're supposed to lead. We look at the possible consequences for delivering services and providing security — and at top aide Steve Bannon's plans for "deconstructing the administrative state."