The president’s deficit commission today held its long-awaited vote on recommendations to balance the budget and reduce the deficit, and despite bipartisan praise of the plan, it failed to garner the 14 votes needed to pass on to Congress. The final tally was 11-7 in favor of passage with a mixture of Democrats, Republicans, and… Read more »
Yesterday, the Federal Trade Commission (FTC) released its recommendation for the creation of a “do-not-track” Internet privacy database, which would allow consumers to opt-out of having their browsing information collected by websites and site advertisers. The recommendation is part of a broader push to further protect consumers from privacy breaches but could hinder advertisers and… Read more »
Two separate reports recently have again placed nonprofits in the position as revenue raisers for local government. DC Council member Mary Cheh last week sent a letter to the entire council advocating for a PILOT (payments in lieu of taxes) from city universities. Her letter states that by charging every city university a $100 fee… Read more »
A prominent Senator suggested Tuesday that the 1099 repeal effort is still going strong in the Senate, and it could be included in a larger tax bill this month.
The president’s deficit panel released its final report today and added details to its original leaked outline for how it suggests the U.S. balance the budget and enact a more stable fiscal policy. Dubbed “The Moment of Truth”, the document adopts some policies from other private deficit commissions and adjusts some of its prior recommendations…. Read more »