Tax writers in house reviewing the sacred cow?

Follow Even though both Republican and Democrats agree that simplifying the tax structure is imminent, they are both hedging on rolling back the deduction for home mortgage interest.  It’s become a sort of sacred cow.   Ways and Means committee members see...

Republicans Work Toward a Tax Reform Budget and Away From Entitlements

Republicans in the House have begun to cut back on their desire to incur hard cuts to retirement programs and are now focusing more on simplifying the tax code which is a more popular topic for taxpayers.  They still want to cut spending for Social Security and Medicare but have launched a series of meetings […]

Follow Republicans in the House have begun to cut back on their desire to incur hard cuts to retirement programs and are now focusing more on simplifying the tax code which is a more popular topic for taxpayers.  They still want to cut spending for Social Security and...

Tax Reform Coming Soon and What it Means for You

Taxpayers and accountants have been fighting to bring about tax reform for years and finally the House and Senate are offering alternatives to streamline and simplify them.   Rep Dave Camp from Michigan who is chair of the Ways and Means Committee issued a news release in February suggesting changes in the complicated set of […]

Follow Taxpayers and accountants have been fighting to bring about tax reform for years and finally the House and Senate are offering alternatives to streamline and simplify them.   Rep Dave Camp from Michigan who is chair of the Ways and Means Committee issued a...