WASHINGTON - APRIL 27: (AFP OUT) U.S. President Barack Obama (4th L) speaks as he greets members of the National Commission on Fiscal Responsibility and Reform, including co-chairs Erskine Bowles (3rd L) and Alan Simpson (5th L), in the Roosevelt Room at the White House April 27, 2010 in Washington, DC. The commission was holding its first formal meeting to hear remarks from Federal Reserve Chairman Ben Bernanke, OMB Director Peter Orszag, and Former OMB Directors Robert Reischauer and Rudolph Penner. (Photo by Alex Wong/Getty Images)

Yesterday, the Power of A shared that the president’s deficit commission panel is considering a number of ways to balance the budget by 2015.  However, with time running out until their December 1 deadline for recommendations, there are doubts as to whether the commission can complete its work on time. Last week the commission’s executive… Read more »

SAN FRANCISCO - SEPTEMBER 14: Twitter CEO Evan Williams is seen silhouetted against a screen as he shows off the newly revamped Twitter website on September 14, 2010 at Twitter headquarters in San Francisco, California. Twitter launched a new version of the popular social media site in hopes it will be more user friendly. . (Photo by Justin Sullivan/Getty Images)

The Obama administration has formed an inter-governmental working group designed to advise the president on Internet legislation and regulations, according to The Washington Post. The subcommittee will draw members from a number of Cabinet agencies as well as the Federal Trade Commission and Federal Communications Commission.  It will be chaired by Cameron Kerry, general counsel… Read more »

WASHINGTON - APRIL 27: U.S. President Barack Obama (C) speaks as co-chairs of the National Commission on Fiscal Responsibility and Reform Erskine Bowles (L) and Alan Simpson (R) listen in the Rose Garden of the White House April 27, 2010 in Washington, DC. Obama thanked members of the National Commission on Fiscal Responsibility and Reform for their service and spoke on the

An article in the Wall Street Journal today says that members of the president’s deficit commission could consider eliminating some popular tax credits in their final commission report. The panel, known as the National Commission on Fiscal Responsibility and Reform, must present recommendations to Congress by December 1 that would balance the budget, excluding interest… Read more »

DES PLAINES, IL - MARCH 23:  Various tax forms for 2005 are seen at the Des Plaines Public Library March 23, 2006 in Des Plaines, Illinois. As next month

Associations from across the country joined in their opposition to the new 1099 requirements in the Patient Protection and Affordable Care Act by adding their names to the ASAE letter opposing the onerous paperwork burden.  ASAE’s letter, which was delivered to Congress in September, had signatures from over 550 association executives, staff, volunteer leaders, and… Read more »

The United States Internal Revenue Service (IRS) Building is seen in Washington on September 20, 2010. UPI/Kevin Dietsch Photo via Newscom

The IRS last month released a draft version of the form that small businesses and tax-exempt organizations will use to calculate the small business health care tax credit when they file returns next year. The draft of Form 8941 is posted on the IRS website. Both small businesses and tax-exempt organizations will use the form… Read more »

U.S. President Barack Obama signs the Small Business Jobs Act in the East Room of the White House in Washington on September 27, 2010. The bill extends Recovery Act measures to increase lending and provide tax relief for small businesses in the U.S.  UPI/Roger L. Wollenberg Photo via Newscom

Before adjourning for the 2010 campaign season, the Senate rejected two amendments to the small business lending bill that would have alleviated the onerous new Form 1099 reporting requirements contained in the Patient Protection and Affordable Care Act (PPACA).  The new requirements would force all businesses and tax-exempt organizations to issue a Form 1099 to… Read more »

WASHINGTON - SEPTEMBER 23: U.S. Secretary of Health and Human Services Kathleen Sebelius speaks as Sen. Tom Harkin (D-IA) (L) listens during a news conference September 23, 2010 on Capitol Hill in Washington, DC. The Senate Democrats held the news conference to announce the implementation of provisions in the Affordable Care Act. (Photo by Alex Wong/Getty Images)

Today (September 23) is the six month anniversary of the passage of the Patient Protection and Affordable Care Act (PPACA).  Beginning today, the following provisions from the law are in effect: For all health care plans: Insurers cannot deny coverage to children because of a pre-existing condition. Insurers cannot place lifetime limits on benefits. Insurance… Read more »