The Treasury Department has rejected a restructuring plan for the Central States Pension Fund that would have cut benefits for thousands of retired Teamsters. While beneficiaries were relieved, the financial problems facing the fund remain. The ruling is also a…
An estimated $458 billion a year in federal taxes went unpaid in 2008 through 2010, the Internal Revenue Service reported recently. That figure, called the “tax gap,” was up slightly from $450 billion in 2006, although the IRS attributed much…
Playing to the frustration Americans often feel around tax-return season, many lawmakers last week targeted the IRS with criticism and an array of proposals with little chance of becoming law. The House passed several measures during what some Republican lawmakers…
A pair of Republicans on the House Rules Committee recently discussed proposals to alter the rules for the consideration of spending bills. The effort drew attention – and opposition – from Rules Committee Democrats and Appropriations Committee Republicans alike. (more…)