Obama Signs Small Business Bill That Includes $30 Billion Lending Fund

President Obama signed a small business bill Sept. 27 that enables small businesses to take advantage of new and extended tax incentives, including an extension of…

Alternative Minimum Tax Generates Too Much Revenue to Eliminate, Obama Tells Taxpayers in Buffalo

The alternative minimum tax cannot be eliminated because the nation’s deficit and debt are too big, President Obama said at…

Senate Budget Committee Approves Resolution Seeking Hike in Top Tax Rates

The Senate Budget Committee approved its fiscal year 2011 budget resolution April 22, voting 12-10 to send the full Senate a package that would allow top individual income tax rates to rise in 2011 while allowing for…

House Ways and Means Panel OKs Small Business Tax Bill; Treasury Concerned over Language Impacting Tax Treaties

The House Ways and Means Committee March 17 approved a $17 billion small business tax bill (H.R. 4849) but changes might be forthcoming after…

Proposals on Tax Havens, Job Creation Expected to Clear House Ways and Means Committee Today

The Ways and Means Committee is expected to approve legislation (H.R. 4849) March 17 that would extend the Build America Bonds program, but that support will…

Senators Wyden, Gregg Introduce Tax Reform Bill That Would Eliminate Alternative Minimum Tax, Enact Reduced Flat Corporate Tax Rate

Sens. Ron Wyden (D-Ore.) and Judd Gregg (R-N.H.) Feb. 23 introduced comprehensive tax reform legislation (S. 3018) with provisions consolidating tax…

Obama Administration Proposes to Expand, Reform Tax Credit Program to Better Assist Small Businesses

DURHAM, N.C.—The Obama administration is seeking to expand and reform tax credits aimed at stimulating investment in economically distressed communities, Treasury Secretary Timothy Geithner said Feb. 18.