The White House threatened a veto because the bill didnt contain budgetary offsets and would set a precedent for extensions of other temporary policies.
President Barack Obamas choice of Weiss, an investment banker at Lazard Ltd., has put him at the center of an ideological fight within the Democratic Party over the finance industrys clout in Washington.
The Oklahoma Republican is releasing a 300-plus-page report on the tax code today, that amounts to a greatest hits collection of tax breaks he wasnt able to erase from the federal code.
The U.S. Houses move toward a temporary patch that would expire Dec. 31 shows lawmakers desire to wrap up the congressional session as soon as possible and minimize disruption to the start of the tax-filing season in January.
The GAO says corporate and private-equity executives can accumulate millions of dollars in tax-favored retirement accounts, taking advantage of gaps in the law and IRS enforcement.
Republicans in control of the Senate will try to force a politically weakened President Barack Obama to accept changes to his health care law, back off on tough environmental rules and nominate judges they endorse.
Strategies for drawing down lump-sum accounts in retirement -- more important than ever in the 401(k) era -- have received little attention from policy makers.
DebugScreen: mobile
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{
"uri": "/2014/12/11/house-rejects-charity-tax-breaks/",
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"prettyDate": "December 11, 2014",
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"summary": "The White House threatened a veto because the bill didnt contain budgetary offsets and would set a precedent for extensions of other temporary policies.",
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{
"uri": "/2014/12/11/more-dems-rise-up-against-treasury-nominee/",
"title": "More Dems rise up against Treasury nominee",
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"prettyDate": "December 11, 2014",
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"summary": "President Barack Obamas choice of Weiss, an investment banker at Lazard Ltd., has put him at the center of an ideological fight within the Democratic Party over the finance industrys clout in Washington.",
"body": null
},
{
"uri": "/2014/12/10/the-worst-tax-loopholes-in-america/",
"title": "The worst tax loopholes in America?",
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"prettyDate": "December 10, 2014",
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"summary": "The Oklahoma Republican is releasing a 300-plus-page report on the tax code today, that amounts to a greatest hits collection of tax breaks he wasnt able to erase from the federal code.",
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{
"uri": "/2014/12/02/house-republicans-revisit-tax-breaks/",
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"summary": "The U.S. Houses move toward a temporary patch that would expire Dec. 31 shows lawmakers desire to wrap up the congressional session as soon as possible and minimize disruption to the start of the tax-filing season in January.",
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{
"uri": "/2014/12/01/house-likely-to-extend-tax-breaks-only-through-201/",
"title": "House likely to extend tax breaks only through 2014",
"byline": " Richard Rubin and James Rowley, Bloomberg ",
"kicker": "",
"prettyDate": "December 01, 2014",
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"summary": "The move reflects Republicans calculation that a $400 billion-plus bipartisan proposal that collapsed last week probably cant be resurrected.",
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{
"uri": "/2014/11/25/lew-says-tax-break-extension-plan-is-irresponsible/",
"title": "Lew says tax-break extension plan is irresponsible",
"byline": "Richard Rubin and Kathleen Hunter, Bloomberg",
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"prettyDate": "November 25, 2014",
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"kickerNode": [],
"summary": "Lawmakers are discussing a package that could increase the U.S. budget deficit by more than $400 billion over a decade.",
"body": null
},
{
"uri": "/2014/11/19/how-someone-ended-up-with-196-million-in-an-ira/",
"title": "How someone ended up with $196 million in an IRA",
"byline": "Richard Rubin",
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"prettyDate": "November 19, 2014",
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"summary": "The GAO says corporate and private-equity executives can accumulate millions of dollars in tax-favored retirement accounts, taking advantage of gaps in the law and IRS enforcement.",
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{
"uri": "/2014/11/05/republican-senate-takes-aim-at-ppaca/",
"title": "Republican Senate takes aim at PPACA",
"byline": "Richard Rubin, Kathleen Hunter",
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"prettyDate": "November 05, 2014",
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"summary": "Republicans in control of the Senate will try to force a politically weakened President Barack Obama to accept changes to his health care law, back off on tough environmental rules and nominate judges they endorse.",
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{
"uri": "/2014/11/05/tax-law-revamp-tough-to-pull-off-in-gop-senate/",
"title": "Tax law revamp tough to pull off in GOP Senate",
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"summary": "Both parties in Congress agree the tax code is a mess and needs to be revamped. That doesnt mean it will happen.",
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},
{
"uri": "/2014/10/08/the-struggle-to-make-401k-savings-last/",
"title": "The struggle to make 401(k) savings last",
"byline": "Richard Rubin",
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"prettyDate": "October 08, 2014",
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"summary": "Strategies for drawing down lump-sum accounts in retirement -- more important than ever in the 401(k) era -- have received little attention from policy makers.",
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}
]
}
}
