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Aug 27, 2013

IRS issues final rules on Obamacare’s ‘individual mandate’

WASHINGTON (Reuters) – The Internal Revenue Service issued final rules on Tuesday for the individual mandate of President Barack Obama’s healthcare overhaul, one of the most contentious elements of the U.S. law set to go into effect next year.

A centerpiece of Affordable Care Act, also known as Obamacare, is a requirement that all individuals carry some minimum health insurance or pay a tax. The new system aims to provide insurance through state marketplaces and subsidies for tens of millions of Americans who lack it.

Aug 20, 2013

New evidence IRS also targeted liberals, Democrats say

WASHINGTON (Reuters) – Terms associated with politically liberal groups such as “Emerge” and “ACORN” were used by U.S. tax agents to flag applicants seeking tax-exemption for added scrutiny, according to internal IRS documents released by Democrats on Tuesday.

The memos, training materials and other materials are the latest salvo in a controversy that erupted in May over Internal Revenue Service scrutiny and delays of applications from Tea Party groups and other conservative organizations.

Aug 2, 2013

Lawmaker tightens screws on IRS with Treasury subpoena

WASHINGTON (Reuters) – A senior Republican lawmaker on Friday issued a subpoena to Treasury Secretary Jack Lew seeking documents related to a nearly three-month old congressional probe of the Internal Revenue Service’s treatment of conservative political groups.

In a move to keep the pressure on the Obama administration, Darrell Issa, the top Republican on the oversight committee of the U.S. House of Representatives, said the IRS is delaying his investigation, leaving him no choice but to issue the subpoena.

Aug 2, 2013

U.S. lawmaker tightens screws on IRS with Treasury subpoena

WASHINGTON, Aug 2 (Reuters) – A senior Republican lawmaker
on Friday issued a subpoena to U.S. Treasury Secretary Jack Lew
seeking documents related to a nearly three-month old
congressional probe of the Internal Revenue Service’s treatment
of conservative political groups.

In a move to keep the pressure on the Obama administration,
Darrell Issa, the top Republican on the oversight committee of
the U.S. House of Representatives, said the IRS is delaying his
investigation, leaving him no choice but to issue the subpoena.

Aug 1, 2013

Obama picks government trouble-shooter Koskinen to lead IRS

WASHINGTON (Reuters) – President Barack Obama on Thursday nominated John Koskinen, known as a trouble-shooter of distressed organizations, to lead the Internal Revenue Service amid a controversy over the agency’s scrutiny of conservative political groups.

If confirmed by the Senate, Koskinen will take over the agency’s 90,000 employees responsible for administering the increasingly complex tax code.

Aug 1, 2013

Obama nominates John Koskinen to lead IRS

WASHINGTON (Reuters) – President Barack Obama on Thursday nominated John Koskinen, who has held a variety of roles in government, to lead the Internal Revenue Service amid a controversy over the agency’s scrutiny of conservative political groups.

If confirmed by the Senate, Koskinen will take over the agency of about 90,000 employees responsible for administering the increasingly complex tax code.

Jul 31, 2013

Republican Dave Camp seriously mulling Senate bid: sources

WASHINGTON (Reuters) – Michigan Republican Dave Camp, chairman of the tax-writing U.S. House of Representatives Ways and Means Committee, is seriously mulling running for a U.S. Senate seat in 2014, sources close to the lawmaker said on Wednesday.

Camp is giving “serious and thoughtful consideration” to a run for a Michigan Senate seat that will be open in 2014, an aide close to the lawmaker said on condition of anonymity.

Jul 30, 2013

Obama’s corporate tax revamp plan seen as unlikely to go far

WASHINGTON (Reuters) – President Barack Obama’s bid to slash corporate taxes on its face might seem to be a concession to win Republican and business support, but it landed with a thud among those groups and has little chance of becoming law.

Some in Washington said the plan was most likely White House positioning designed to contrast the president’s compromising spirit with Republican stubbornness ahead of partisan fiscal fights expected after Labor Day.

Jul 29, 2013

U.S. lawmakers take Washington tax reform show on the road

PHILADELPHIA (Reuters) – Abandoning the corridors of power for a shop full of gleaming, supersized steel refrigerators and steam ovens, two U.S. lawmakers took their quixotic bid to overhaul the 70,000-page tax code on the road this week to rally public support outside Washington.

Democratic Senator Max Baucus and Republican Representative Dave Camp, who chair the congressional tax-writing committees, sought ideas on Monday from the owner of Mrs. G’s, a 40- employee New Jersey appliance business.

Jul 23, 2013

Senators balk at senior U.S. lawmakers’ tax reform drive

WASHINGTON, July 23 (Reuters) – Despite talk about tax
reform, U.S. senators are largely shrugging off a request that
they present specific ideas for rewriting a tax code that has
grown to more than 70,000 pages since it was last revamped 27
years ago.

With a deadline for submissions approaching on Friday,
members of Congress and their aides say many Senators are
declining to accept the challenge from Democratic Senator Max
Baucus and Republican Senator Orrin Hatch.