Paul L. Caron
Dean
Pepperdine Caruso
School of Law
Political News
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Impact of Tax Reform Panel Report on Estate Tax Repeal
Interest article this afternoon in Bloomberg, by Ryan Donmoyer: Bush Panel’s Savings Plan May Weaken Case for Estate-Tax Repeal: A presidential advisory panel’s recommendation to expand tax-free investment accounts, long one of President George W. Bush’s goals, may weaken arguments for another of his top priorities: repeal of the estate tax. The panel’s proposals undermine…
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Commentary on Tax Reform Panel Report
Business Week: The Nuts and Bolts of Tax Reform, by Howard Gleckman Christian Science Monitor: Laying the First Bricks for Tax Reform (editorial) Forbes: Blue State Blues, by Janet Novack Human Events: Bush’s Tax Non-Reform, by Robert D. Novack L.A. Times: Key Elements of the Tax Overhaul Plans, by Kathy M. Kristof Mortgage Deductions Could…
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Commentary on TABOR-Gutting in Colorado
Two very different perspectives on Tuesday’s gutting of the taxpayer bill of rights provision in the Colorado constitution: New York Times editorial, How Colorado Got Its Government Back: In 1992, to the unmitigated glee of antitax types everywhere, Colorado voters amended the State Constitution to impose the nation’s strictest tax and spending limits. On Tuesday,…
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More on the Telecommuter Tax
Telecommuters: Beware the Tax Man, by Elinor Mills (CNET News): Telecommuters employed by a company outside their home state may be at risk of having to pay extra taxes unless Congress adopts a bill protecting them, experts said Tuesday. The U.S. Supreme Court on Monday refused to hear the appeal of a Tennessee computer programmer…
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Think Tank Reactions to Tax Reform Panel’s Report
Here are some early think tank reactions to the report issued today by the the President’s Advisory Panel on Federal Tax Reform: Cato Institute (Chris Edwards) Center for American Progress (John S. Irons) Economic Policy Institute Freedom Works (Dick Armey) Heritage Foundation Human Events (Jack Kemp) Institute for Policy Innovation Tax Foundation Urban Institute/Brookings Institution…
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Turmoil in the Senate
Democrats forced the Republican-controlled Senate into an unusual closed session this afternoon during consideration of the budget reconciliation bill, questioning intelligence that President Bush used in the run-up to the war in Iraq and accusing Republicans of ignoring the issue. Here is the exchange on the Senate Floor : [2:24 p.m. EST] Mr Reid: Mr.…
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Report of President’s Advisory Panel on Tax Reform
Here are the final report and related documents of the President’s Advisory Panel on Federal Tax Reform: Final Report Chapters 1-4 (76 pages) Chapters 5-6 (92 pages) Chapters 7-9 (72 pages) Appendix (52 pages) Executive Summary (5 pages) Letter (3 pages): We unanimously recommend two options to reform the tax code. We refer to one…
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C-Span to Broadcast Tax Reform Panel’s Delivery of its Report
C-Span will broadcast the President’s Advisory Panel on Federal Tax Reform’s delivery of its report to Treasury Secretary Snow at 11:30 EST.
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Report of President’s Advisory Panel on Tax Reform
Bloomberg (via Ryan J. Donmoyer) has this early look at the report of the President’s Advisory Panel on Federal Tax Reform, scheduled to be released at 10 am EST this morning: President George W. Bush’s tax advisory panel unanimously backed two alternatives for overhauling the current system that would scrap or curb many popular deductions…
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President’s Tax Reform Panel to Release Report Today
The President’s Advisory Panel on Federal Tax Reform will deliver its recommendations to Treasury Secretary John Snow today at 10:00 a.m. in the Treasury Department’s Diplomatic Reception Room (JS-2994). TaxProf Blog, of course, will provide copies of the report and other information throughout the day as soon as they become available.
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JEC Chair Saxton on Tax Code Is Indeed “Steeply” Progressive
Last week, we blogged Tom Daley (Bowers, Narasky & Daley, Moraga, CA), Progressive? Yes. But Steeply Progressive?, 109 Tax Notes 395 (Oct. 17, 2005). Jim Saxton (Chair of the Joint Economic Committee) has published a response, JEC Chair Saxton Responds to Tom Daley, 109 Tax Notes 685 (Oct. 31, 2005), also available on the Tax…
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Bush Nominates Alito for Supreme Court
President Bush has nominated Third Circuit Judge Samuel A. Alito Jr. to the Supreme Court to replace Sandra Day O’Connor. Press reports: Associated Press Chicago Tribune CNN Knight-Ridder Reuters Wall Street Journal Washington Post See also: White House Press Release White House Bio Other bios (here, here and here) Discussion of Judge Alito’s opinions in…
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Sulllivan on Lower the Rates, Strengthen the Base
Martin A. Sullivan (Contributing Editor, Tax Analysts) has published Lower the Rates, Strengthen the Base, 109 Tax Notes 571 (Oct. 31, 2005), also available on the Tax Analysts web page as Doc 2005-21844, 2005 TNT 209-3. The article argues that if President Bush fought for radical reform of the tax system, he would regain the…
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FactCheck.org Assails Tax Untruths in NJ Ad War
The nonpartisan FactCheck.org has published Taxing The Truth In New Jersey Ad War, which assails both parties in the New Jersey race for U.S. Senator for presenting misleading tax TV ads: Anyone who doubts that political ads are a poor source of reliable information might wish to examine the absurd degree of fact-twisting taking place…
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President’s Tax Reform Panel to Submit Recommendations at 10 A.M. on Tuesday
The Treasury Department announced today (JS-2994) that the President’s Advisory Panel on Federal Tax Reform will deliver its recommendations to Treasury Secretary John Snow on Tuesday, November 1 at 10:00 a.m. in the Treasury Department’s Diplomatic Reception Room. A briefing by Senators Mack and Breaux will follow.
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International Implications of Recommendations of President’s Tax Reform Panel
The Financial Times reports on the internation implications of the forthcoming recommendations from the President’s Advisory Panel on Federal Tax Reform in Panel Calls for End to Foreign Profits Tax: The advisory panel appointed by George W. Bush to recommend changes to the Byzantine US tax system will call for an end to taxes on…
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WSJ: Mormon Church Kills Flat Tax in Utah
Wall Street Journal (Paul T. Mero): In Utah, the Flat Tax Doesn’t Have a Prayer: After nearly a year together, the Utah Legislature and Gov. Huntsman are in the midst of a potentially historic debate that, to date, has centered on the flat tax. It is no secret that a flat tax has tremendous appeal…
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Miers Withdraws
Official statements: Miers’ Statement President Bush’s Statement Senator Leahy’s Statement Press reports: Associated Press CNN L.A. Times New York Times Reuters Time Wall Street Journal Washington Post
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Colvin on IRS Gives Christian Coalition a Green Light for New Voter Guides
Gregory L. Colvin (Silk Adler & Colvin, San Francisco) has published IRS Gives Christian Coalition a Green Light for New Voter Guides, also available on the Tax Analysts web site as Doc 2005-21692, 2005 TNT 207-29. Here is the opening: We have just learned of a major development affecting how tax-exempt organizations can educate voters…
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A Democrat’s Advice on What To Do Now
No tax angle, but funny nevertheless: check out this video cartoon on what Democrats should do now. (Hat Tip: Andrew Sullivan.)
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Hines & Slemrod on 12 Questions About Federal Tax Reform
James R. Hines Jr. & Joel Slemrod of the University of Michigan’s Office of Tax Policy and Research have released a paper with 12 questions about the state of the federal tax steps and reforms that the President’s Advisory Panel on Federal Tax Reform could take in these areas. Here are the 12 questions: Is…
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President’s Tax Reform Panel May Issue Its Report Later This Week, Prior to Nov. 1 Deadline
Ryan J. Donmoyer of Bloomberg reports today that the President’s Advisory Panel on Federal Tax Reform may make public its final written recommendations later this week, ahead of the Nov. 1 deadline: The nine-member panel today rescheduled for Oct. 31 a conference call to discuss a draft of its final report. The call had initially…
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Sen. Baucus Demands That Miers Release Her Tax Returns (As Must Tax Court Judges)
Senator Max Baucus (D-MT), Ranking Member of the Senate Finance Committee, has called on Harriet Miers to release her tax returns: Sen. Baucus’ Press Release (10/24): With Supreme Court nomination hearings set to start in early November, U.S. Senator Max Baucus today called on Supreme Court nominee Harriet Miers to comply with his October 12…
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More on Miers’ Tax Shelter Troubles
Following up on earlier posts about the shoddy tax shelter opinions issued by the Locke, Liddell & Sapp law firm while Harriet Miers was co-managing partner (here, here, and here): Texas Lawyer (Miers’ Nomination May Be a Mixed Blessing for Locke Liddell) reports this morning: Another issue is the firm’s tax work. The firm is…
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President’s Tax Reform Panel Releases PowerPoint Presentation, Sample Tax Forms
The President’s Advisory Panel on Federal Tax Reform has released the PowerPoint Presentation of its October 18 meeting, including simplified draft tax forms, attached below: Form 1040-SIMPLE [click to enlarge] Schedule A: Family Credit [click to enlarge]