Chicago billionaire Penny Pritzker sailed toward confirmation as U.S. Commerce secretary after satisfying some critics over her offshore investments and role in a bank’s collapse during testimony at a Senate committee.
Former IRS Commissioner Douglas Shulman’s self-portrait of an executive intentionally distanced from political controversy will be tested today by House Republicans eager to uncover details about the tax agency’s scrutiny of small-government groups.
Apple Inc., outlining proposals for a simplification of the U.S. corporate-tax system, urged Congress to lower tax rates and implement levies on foreign earnings that will enable “free movement” of capital back to the U.S.
President Barack Obama is facing a make-or-break week as he tries to seize control of three scandal story lines that could upend one of the top priorities of his second term: revising the nation’s immigration laws.
Republicans, angry over the Internal Revenue Service scrutiny of anti-tax groups, have aimed their frustration at a career employee with a bonus benefit: She’s charged with overseeing an enforcement portion of the health- care law.
The Internal Revenue Service, under pressure after admitting it targeted anti-tax Tea Party groups for scrutiny in recent years, also had its eye on at least three Democratic-leaning organizations seeking nonprofit status.