The IRS stopped using private tax collectors in 2009 after determining that agency employees could do a better job. The National Treasury Employees Union said the program failed in the past and should not be forced on the IRS. The Senate Finance Committee passed a bill two weeks ago that included an amendment requiring the IRS to revive the program.
WASHINGTON— The House Ways and Means Committee voted Wednesday to refer a former Internal Revenue Service official to the Justice Department for possible criminal prosecution in the agency's tea party controversy. Lerner, who retired last year, headed the IRS division that processes applications for tax-exempt status.
NEW YORK— Small businesses are in limbo as they wait for Congress to make decisions that could save them a lot of money. Bills in Congress would extend tax deductions widely used by small businesses making equipment or property purchases.
*Republican: Japan should sit out trade talks if not ready. WASHINGTON, April 3- The United States pressed Japan on Thursday to open its farm and auto markets to overseas competition and said it could not expect special treatment in a Pacific trade pact covering one-third of global imports and exports.
Ryan's budget has no chance of passing the Democratic-controlled Senate. Ryan, the chairman of the House of Representatives Budget Committee, is calling for spending cuts totaling $5.1 trillion over a decade to reach a balanced budget by 2024 with no new tax revenue.
WASHINGTON, March 4- President Barack Obama proposed new tax credits and job-training programs for U.S. workers on Tuesday in a 2015 budget that drew instant condemnation from Republicans, who dismissed the document as an election-year campaign pitch.
WASHINGTON, March 4- President Barack Obama proposed new tax credits and job-training programs for U.S. workers on Tuesday in a 2015 budget that highlights stark differences with Republicans, who favor a reduced government role in promoting economic opportunity.
WASHINGTON, Feb 28- A month after Republicans rallied around offering an alternative to President Barack Obama's healthcare law in an election-year move to broaden their appeal to voters, divisions are surfacing over the issue in the U.S. House of Representatives.
Congress faces a Sept. 30 deadline to renew federal funding for transportation programs, and the Highway Trust Fund that helps pay for road and bridge projects is teetering on insolvency.
WASHINGTON, Feb 26- The U.S. House of Representatives' top tax writer released a comprehensive tax code overhaul on Wednesday, but it was widely seen as dead-on-arrival in a Congress still deeply divided over fiscal policy.
WASHINGTON, Feb 26- The U.S. House of Representatives' top Republican tax writer will release a plan on Wednesday to overhaul the tax code, but it was widely seen as dead-on-arrival in a Congress still deeply divided over fiscal policy.
Citizens for Tax Justice looked at 288 profitable Fortune 500 companies and said that 26 of them- including Boeing Co, General Electric Co and Verizon Communications Inc- paid no federal income tax in the five-year period.
The plan by Representative Dave Camp, chairman of the tax-writing House of Representatives Ways and Means Committee, would also reduce the seven existing U.S. tax brackets to two, which would be set at 10 percent and 25 percent, according to the Post.
WASHINGTON, Feb 21- A bank tax similar to one that President Barack Obama once proposed may be part of a broad tax reform package expected to be floated on Wednesday by the top Republican tax writer in the U.S. Congress, lobbyists and analysts said on Friday.
WASHINGTON, Feb 10- The Obama administration on Monday again delayed a contentious healthcare law requirement that all but the smallest employers provide coverage to full-time workers, this time by giving medium-sized businesses another year to comply.
WASHINGTON, Feb 10- The Obama administration on Monday again delayed a contentious healthcare law requirement that requires all but the smallest employers to provide coverage to full-time workers, this time by giving medium-sized businesses another year to comply.
President Barack Obama' s nod to trade in his annual State of the Union address reflects a delicate political dance and leaves the hard work still ahead in convincing a skeptical Congress to get behind free trade deals.
*Bill would prevent Congress from amending trade deals. WASHINGTON, Jan 9- U.S. lawmakers on Thursday proposed a bill to give the White House power to fast-track international trade agreements as the United States gears up for a hectic year of trade negotiations.
WASHINGTON, Jan 9- U.S. lawmakers on Thursday proposed a bill to give the White House power to fast-track international trade agreements as the United States gears up for a hectic year of trade negotiations. Trade Promotion Authority would let the White House put trade deals before Congress for an up or down vote without amendments.
WASHINGTON, Jan 8- The U.S. Chamber of Commerce on Wednesday urged Congress to give the White House authority to fast-track international trade agreements and said major deals in the pipeline could stumble without the measure.