Final Details Being Hashed out on Tax Extenders Bill, House Lawmakers Say

House Ways and Means Committee Chairman Sander Levin (D-Mich.) shortened the time frame for consideration of a final tax extenders measure (H.R. 4213), telling reporters May 6 that it will be on the floor within…

Lawmakers Ponder Senate Budget Resolution for Clues on Dividend Tax Rates

The Senate Budget Committee-approved budget resolution does not make room for dividends tax rates to continue to be tied to capital gains rates after 2010, raising questions among some lawmakers about…

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…

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…

Defense Contractors Avoided Taxes through Use of Foreign Affiliates, GAO Says

About one-third of the top 29 U.S. publicly traded defense contractors decreased their effective U.S. corporate tax rates in 2008 through the use of…

Democrats Cool to Proposal to Extend 35% Tax Rate for Top Earners

Republican lawmakers are already positioning themselves to fight for an extension of the 35 percent top tax rate before it expires at the end of 2010, but Democrats remain…