Richard Rubin

Business June 18, 2014

Republicans demand answers from IRS on missing Lerner email

Congressional Republicans are demanding answers from the U.S. Internal Revenue Service after the agency lost more than two years of e-mails requested by lawmakers.

Business June 13, 2014

House votes to give small businesses quicker tax writeoffs

Small businesses would be able to write off capital purchases more quickly under a $73.1 billion tax reduction passed Thursday by the U.S. House of Representatives.

Business June 10, 2014

Repatriation tax break costs $96 Billion, estimate says

A temporary tax holiday for U.S. companies to repatriate offshore profits would cost the government $95.8 billion in revenue over the next decade, according to the Joint Committee on Taxation, a nonpartisan scorekeeper for Congress.

Business May 30, 2014

House panel backs $287 billion tax cut for industry

The U.S. House Ways and Means Committee voted to let companies write off more than half the cost of some investments immediately, providing a $287 billion tax cut to capital-intensive industries.

Business May 28, 2014

Tax panel to vote on accelerating company investment write-offs

The U.S. House Ways and Means Committee will vote May 29 on a plan to let companies accelerate write-offs of capital investments.

Business May 26, 2014

IRS will revise proposed rules on political nonprofit groups

The U.S. Internal Revenue Service said Thursday that it will revise proposed rules governing nonprofit groups’ involvement in politics.

Business May 22, 2014

Senate bill seeks to limit companies from relocating to lower-tax countries

U.S. companies would face strict limits on mergers in which they move their tax address outside the U.S. under a bill proposed Tuesday by Sen. Carl Levin, a Michigan Democrat.

Business May 16, 2014

U.S. tax breaks in limbo as Republicans block Senate measure

U.S. Senate Republicans blocked a package of more than $80 billion in tax cuts, killing for now a measure that would provide incentives for corporate research and wind energy.

Business May 9, 2014

House holds Lerner in contempt while probe nears one-year mark

The U.S. House of Representatives voted to hold a former Internal Revenue Service official in contempt of Congress Wednesday for refusing to answer questions about her role in scrutinizing Tea Party groups.

Business April 14, 2014

Wealthiest pay bigger bills with scant U.S. economic harm

As the political fight over raising taxes for high-income Americans fades away, so are predictions for negative economic fallout.

Business April 11, 2014

House committee votes to hold IRS’s Lois Lerner in contempt

A U.S. House committee voted to hold former Internal Revenue Service official Lois Lerner in contempt of Congress for refusing to testify about her role in scrutinizing Tea Party groups seeking tax exemptions.

Business March 13, 2014

Republicans search for path to U.S. online sales tax legislation

House Republicans are seeking a way to address the ability of Internet retailers and catalog companies to avoid collecting state sales taxes, a situation brick-and-mortar stores say is unfair to them.