Federal tax rates on higher incomes were raised at the start of the year. Meanwhile, the Internal Revenue Service has increased its audits of wealthy taxpayers and is pressing small-business owners over unreported income. And tax collectors are pursuing would-be tax dodgers who hold Swiss and other offshore investment accounts.
House Republican leaders are considering a delay in debt-ceiling proposal, according to a congressional aide, as the Senate plans to vote tomorrow on a spending bill to avoid a government shutdown in four days.
House Speaker John Boehner’s plan to avert a shutdown by shifting to a debt-ceiling fight ran into opposition from some Republicans in another setback for efforts to keep the U.S. government operating after Sept. 30.
House Speaker John Boehner’s plan to avert a shutdown by shifting to a debt-ceiling fight ran into opposition from some Republicans today -- another setback in efforts to keep the government operating after Sept. 30.
The Democratic chairman and the top Republican on the Senate Finance Committee are pressing the Obama administration for information on tax credits paid to people who may not be eligible to work in the U.S.
House Republicans lack a clear plan for their next move in the budget impasse that could lead to a government shutdown Oct. 1, as the Senate is set to pass a short-term spending bill and challenge the House to act.