Showing posts with label tax code. Show all posts
Showing posts with label tax code. Show all posts

Thursday, December 11, 2014

House Dems block charitable tax bill

House Democrats blocked legislation on Thursday that would have permanently extended three tax credits for charitable giving, ending an effort to give nonprofits a last-minute victory.   The bill got a strong majority in the House, with 275 members voting for it, including 47 Democrats. But the measure fell eight votes short of the two-thirds majority it needed to pass, with 149 Democrats voting against it after House Democratic leaders whipped against it and President Obama threatened a veto. Read more at The Hill
Read More......

Wednesday, August 27, 2014

Tax code cronyism - Oregon one of worst offenders

In late July 2014, The Center for State Fiscal Reform released a groundbreaking new report that exposes tax code cronyism in the States. ✧ The report reveals how state governments manipulate their tax codes to create unequal playing fields for businesses; Maryland, Illinois, Oregon and New Jersey are among the worst offenders that pursue tax carve-outs. Download The Unseen Costs of Tax Cronyism: Favoritism and Foregone Growth. ✧ Full 50-state table included in the report. Read More......