Earl Blumenauer News
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The Internal Revenue Service reaches every corner of Charles Allard’s world.
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Medical-marijuana advocates lobbying Congress this week got powerful new allies to help them make the case for getting federal prosecutors to back off: labor leaders.
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Blanche Christerson, an executive in Deutsche Bank AG’s private wealth management division, loves her 85-year-old ailing mother, Hedda Lark, of Manhattan Beach, California, and isn’t ready for her to die. Still, Christerson says, she and her mother are bothered that in discussing Lark’s estate, they wrestle with tax complications that didn’t exist just a year ago.
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U.S. House Democrats are seeking to end tax breaks for oil companies such as Exxon Mobil Corp. and BP Plc valued at $40 billion for five years to fund initiatives including clean-energy programs.
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Capping tax breaks deserves a closer look as part of a resolution to the so-called fiscal cliff and an overhaul of the tax code, said Senate Finance Committee Chairman Max Baucus.
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The U.S. House passed a $383 million emergency relief package for livestock producers affected by the worst drought in almost a half-century as Republicans and Democrats complained about inaction on a broader farm bill that would help more farmers and ranchers.
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Democrats say Social Security is off the table. So if Republicans are successful in pushing for changes to entitlement programs in U.S. budget talks, the pressure for cuts will be on Medicare and Medicaid.
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A House subcommittee will press for the repeal of a law requiring the government to withhold taxes from payments to contractors before year’s end, saying a bipartisan consensus has formed against a “bad idea.”
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Republicans and President Barack Obama are squaring off again over federal spending, only this time the president wants to cut it and the Republicans want to increase it.
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In other cities, welders pull up to a job in oversize pickup trucks rattling with tools and pressurized tanks of gas. In Portland, Oregon, at least one arrives by bicycle, towing his gear in a two-wheeled trailer.
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