Fortunately, Congressman Dave Camp, the ranking Republican (and presumably soon-to-be Chairman) of the House tax-writing committee, sort of understands the problem.
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Next month's report of the White House tax reform commission will likely stop short of advocating a complete scrapping of the tax code.
David Lifson, president of the New York State Society of Certified Public Accountants, said that in his view, the House tax bill isn't really tax policy.
Paul Caron, House Holds Tax Reform Hearing Today, TaxProf Blog, Jan. 20, 2011.
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To resolve the credit crisis, make all down payments on house purchases tax-deductible.
The Michigan Republican has been the principal architect of House GOP tax plans since the party took control of the chamber after the 2010 elections.
Someone should inform the White House that tax hikes on a shrinking group of smokers to finance payments to a growing number of beneficiaries is not a healthy fiscal strategy, as the states have found out by spending the proceeds of the Medicaid tobacco settlement.
That was true -- that is true more narrowly if the House would simply pass tax cuts for the middle class that supposedly House Republicans want as much as the President and Democrats want.
The real test of the Fed's antideflation mode will come if Congress opts for a House-like tax cut.
But also crucial to the White House is providing tax relief to business owners, so they might expand their operations and create new jobs.
In the house market the tax law inflates prices, making us feel wealthier (although we don't live any better as a result).
Hence owning your own house has a tax preference relative to renting.
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White House and congressional tax negotiators began deliberations Wednesday morning.
Currently the 2013 official White House numbers estimate tax receipts of 17.8% of GDP and Outlays of 23.3% of GDP for a deficit equal to 5.5% of GDP.
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Recall that raising taxes on the wealthiest 2% in America left those anti-tax House Republicans livid, and that those lawmakers very nearly derailed the fiscal cliff legislation because of it.
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Keeping middle- and lower-income people from having higher tax burdens is one reason the White House has proposed keeping the tax cuts in place for these Americans.
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Yet, we won't get a tax cut if the White House blocks the pint-size tax cut passed by Congressional Republicans.
To help taxpayers see for themselves exactly how they can benefit from Recovery Act tax credits and collect every dollar owed when they file this tax season, the White House today launched a new interactive Tax Savings Tool available at www.
President Clinton already has said he plans to veto the estate tax measure, and the White House opposes a repeal of the gas tax, so there was little question that the nation's drivers would benefit from Thursday's legislative efforts.
Again, if the Speaker of the House had -- on the tax reform side, the Speaker of the House had a proposition late last year in those negotiations that we were talking about that he could produce a trillion dollars over 10 years in deficit reduction from tax reform, capping deductions and closing loopholes.
Instead of investing in a fancier house, stuff your tax-advantaged retirement accounts--before the kids apply.
It remains to be seen whether the House, dominated by tax-phobes, will do the same.
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Under current House rules, all tax cuts have to be offset by increases elsewhere.
Paul Caron, House Approves Fiscal Cliff Tax Deal, TaxProf Blog, Jan. 2, 2012.
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House Representatives endorsed a tax-cutting package at the end of last year that significantly increased the current US budget deficit.
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The room erupted at the punchline, a reference to the 220-year-old provision requiring the house to initiate all tax laws.
The Republican House passed that payroll tax cut extension in January, with spending cuts to offset the lost revenue in full.
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Rising house prices and good tax accountants have made it a largely voluntary tax on the honest, careless or unlucky middle classes.
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