Clinton Promises Tax Breaks for Small Businesses

Democratic presidential candidate Hillary Clinton earlier this week outlined a series of tax breaks she will push if elected to make it easier for small businesses to get started and be successful. Included in Clinton’s policy solutions is a standard deduction for small businesses to save them time and money in tracking and documenting their… Read more »

How the Deficit Reduction Plans Impact Associations

This month, three major panels have released high-profile plans to reduce the federal deficit and balance the budget within the near future.  While the press has focused on some of the more high-profile topics like raising taxes or defense spending, the plans, if implemented as written, would have an impact on nonprofits and nonprofit governance:… Read more »

Extending Tax Cuts Could Cost More than $5 Trillion

DES PLAINES, IL - MARCH 23: The top of a form 1040 individual income tax return for 2005 is seen atop a stack on the same at the Des Plaines Public Library March 23, 2006 in Des Plaines, Illinois. Americans are preparing for the income tax filing deadline next month whether using tax software, filing on the paper forms or using a tax preparer.  (Photo by Tim Boyle/Getty Images)

A Congressional Research Service (CRS) report released October 27 said that if Congress were to permanently extend the expiring 2001 and 2003 tax cuts, it would cost more than $5 trillion over ten years, according to a story from the Bureau of National Affairs.  The report is actually an update of an earlier report on… Read more »