congress (page 4)

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    Tax Foundation Report on proposal to Eliminate the Deductibility of Foreign Reinsurance Premiums

    White House Proposes Eliminating the Deductibility of Foreign Reinsurance Premiums New analysis explains why this kind piecemeal tax reform doesn’t work Washington, DC (Feb 18, 2015)— Several recent tax proposals, including the White House’s 2015 budget, have included provisions to limit deductions of legitimate business…
    Sarah Curry, February 18, 2015
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    Should States be allowed to go Bankrupt?

    We all know cities can file for bankruptcy.  Look at Detroit, and they aren’t the only municipality that has taken advantage of bankruptcy to clear their crushing financial obligations.  But federal law doesn’t allow states to go bankrupt.  A professor from the University of Pennsylvania Law School, David Skeel, has…
    Sarah Curry, February 17, 2015
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    Congress has been busy

    Congress had planned to pass a bill that would have permanently renewed certain expired tax breaks.  The White House threatened to veto the deal, and so the House voted on Wednesday, 378-46, to renew more than 50 expired tax breaks for individuals and businesses through the end of this year.
    Sarah Curry, December 4, 2014
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    Banks allowed to file for bankruptcy under new bill

    The US House of Representatives passed a bill yesterday that would allow banks to begin the bankruptcy process voluntarily.  The bill, “The Financial Institutional Bankruptcy Act of 2014” passed with bipartisan support.  The intent of the bill is to promote confidence in the financial banking sector.  In 2008, tax…
    Sarah Curry, December 2, 2014
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    What is the lame duck Congress up to?

    The US Senate and US House went into recess in late September and are now returning to Washington today to resume unfinished business during the lame duck period.  The House is scheduled to take up many bills, including the Government Reports Elimination Act (HR 4194) that would eliminate 48…
    Sarah Curry, November 12, 2014
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    Hey, Congress, why not repeal the federal asset forfeiture law?

    Here’s a good idea for the new GOP Congress: Get rid of the federal civil forfeiture law. How this law remains on the books is beyond me. Bit seems wrong to me — and just plain un-American — to be able seize property from innocent people. But under federal law,…
    Barry Smith, November 11, 2014
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    Congress in Recess till after November elections

    Both the Senate and the House passed a continuing resolution to fund the federal government from October 1 through December 11, 2014.  This legislation also authorized the training and sending equipment to Syrian rebels to fight against the Islamic State.  There was a very small across-the-board cut for most of…
    Sarah Curry, October 3, 2014
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    Local Congressman’s Op-Ed in Lincoln County paper

    Lincoln County is near Charlotte and in the district of one of North Carolina’s congressmen.  Patrick McHenry wrote an op-ed and it was published in the Lincoln-Times News.  I pulled some excerpts from the article, but if you want to read the entire article, click here. Last…
    Sarah Curry, September 30, 2014