Tax Politics
The Politics of Taxes
Only 4 of 23 Obamacare Co-ops Remain After Another One Collapses
The 19th co-op since the creation of Obamacare has announced it will cease offering services at the end of 2017. Known as the "Minuteman Health of Massachusetts and New Hampshire," this co-op will look to reorganize as a new venture to be called the "Minuteman...
Carried Interest Does Not Need To Be Fixed
There continues to be a notion that carried interest is something that needs to be fixed because of a seemingly unfair low-tax capital gains income rate. It is true the rate is low. But so what? It’s not as though the income isn’t from capital gains. If the law was...
Illinois Finances In Disarray
It's kind of funny that the AP is reporting a story that has not been "news" for years to tax professionals. The state of Illinois is running out of taxpayer money, as its obligations exceed its revenue intake. This is what happens when a state has been mismanaged...
Yellen Raises A Quarter
In an interesting move this week and true to the Fed plan to raise rates three times this year, Fed Chair Janet Yellen raised interest rates .25%. It's worth it to note that at the same time, the Feds downgraded the forecast for inflation: The central bank now...
Record Federal Tax Revenue For Month of May
I always look forward to CNSNews each month when they do a roundup of the prior month's spending and revenue. Their numbers come directly from the Monthly Treasury Statement released by mid-month for the previous month. Because they've been doing it for so long, they...
Iowa Obamacare Market Facing Collapse
We've written about the collapse of many Obamacare markets as well as the removal of several insurers from the Obamacare system across multiple states and exchanges. Earlier this year Aetna Inc. and Wellmark Inc. announced that they would not participate in Iowa for...