In Tuesday’s State of the Union address, President Obama called for ambitious reforms of the tax code: lower rates, fewer... View ArticleContinue reading
Turkey’s influence over lawmakers surfaces in Ohio hearing
Labeling the killing of 1.5 million Armenians between 1915 and 1923, many at the hands of Ottoman government, an act of genocide has been a controversial issue in Turkey, among some historians, in the U.S. Congress, and now in the unlikely venue of the Ohio Board of Elections, where recent hearings indirectly considered the government of Turkeys connection, if any, to Turkish advocacy groups in Washington.
Backed by lawyers from the Turkish American Legal Defense Fund, Rep. Jean Schmidt, R-Ohio, filed a false claims complaint against David Krikorian, who ran against her in 2008 as an independent and ...Continue reading
More on Tax Earmarks and Reform Loopholes
Yesterday the Washington Post reported on 520 tax earmarks that were inserted into a bill that passed the Congress on the last day they were in session. I posited that the inclusion of these tax earmarks without a list of members who requested them was in violation of the earmark reform rule that passed the House back in September. It appears that this was not in violation because many of the tax earmarks were proposed as separate bills earlier in the session and were wrapped up into the final bill. Thanks to Bill Allison I was able to track these bills down.Continue reading
Tax Break Earmarks Continue
What, you thought that Congress had really frozen out all of its earmarks? The Washington Post reports today that one of the final acts of the 109th Congress was to pass a tax bill -- the Tax Relief and Health Care Act of 2006 -- that included 520 import tariff breaks for select companies. The Post notes, “Corporate lobbyists often craft such suspensions to apply to just one product imported by just one company. Many of those companies and their executives have given millions of dollars to political campaigns.” Of course none of these companies are identified nor do we know who inserted these tax earmarks into the tax bill. All that we have is a very long (and sometimes silly) list that details precisely which items are to be free of import tariffs.Continue reading