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More on Carried Interest

…wield it in their own favor. Robert Reich notes in his Sunday piece “The Challenges of Closing Tax Loopholes for Billionaires” May 23, 2010. Who could be opposed to closing…

Uncertain tax postions

by Linda Beale The IRS released its draft schedule and instructions for the new initiative (announced late in January by Commissioner Shulman and set forth in Ann. 2010-9) for disclosure…

CORE CPI

…1960s. Moreover, the 2010 increase was only 0.5%, or less than half the average increase of 1.2% from 2000 to 2009. Why is this important? In a low inflation world…

New Year’s Tax Resolutions

…administrative agencies thereof) would make (and follow through on) for this new year of 2010. 1) The Treasury should resolve that it will no longer provide special dispensation to the…

Another look at the budget deficits

…over the 2010-2019 period. [4] The deficit would be higher in 2009 and 2010, however, because the budget sets aside an additional $250 billion for stabilization of financial markets. ……

CBO Estimate for HR 1: Jan 26th, 2009

…in fiscal year 2010 (which begins on October 1), by $159 billion in 2011, and by a total of $604 billion over the 2009-2019 period. That spending includes outlays from…