TaxProf Blog
adminThursday, May 4, 2023 ABA Tax Section May Meeting Begins Today in Washington, D.C. This week ABA Tax Section May 2023 Tax Meeting (program) starts today. The Taxation Education program…
Debt Limit Term and Rising National Debt Lawsuit Action
Congress has until early June to raise the debt limit and prevent the nation's debt default, according to new estimates from the Congressional Budget Office (CBO) and the Treasury Department.…
TaxProf Blog
New York Times Op-Ed: Can meritocracy survive without the SAT?By Ross Douthat: The rapid abandonment of the SAT and ACT as college admission requirements, to the point where more than…
TaxProf Blog
Wednesday, May 3, 2023 Saving non-essentials with radical tax policy Rodney P. Mock (Cal Poly) and Kathryn Kisska-Schulze (Clemson; Academic google), Saving non-essentials with radical tax policy, 90 U. Cin.…
TaxProf Blog
Wednesday, May 3, 2023 Clause: Taxes on capital and market power Kimberly A Clausing (UCLA; Academic google), Taxes on capital and market power: In recent decades, market power has increased…
House Republican plan to repeal IRA incentives would raise taxes for households, skewed toward high-income earners
House Republicans on April 26 approved legislation on a party line vote a bill that would rescind many clean energy tax incentives from the Inflation Reduction Act (IRA) in exchange…
Treasury’s pay-on-demand proposal shows IRS concern with constructive receipt, says Revenue Services director
For the second year in a row, the Treasury Department has issued a revenue proposal to clarify the tax treatment of Earned Wage Access (EWA) payment arrangements. A director of…
TaxProf Blog
right.com, Young lawyers want Ted Lasso as their leader, not Bobby Knight. Will they get them?: Law firm leaders who fail to adapt their communication styles (particularly by moving away…
New June 1 deadline creates pressure for a two-step debt limit solution
US Treasury Secretary Janet Yellen warned Congress Monday that the US government ... you probably won't be able to pay your bills as soon as June 1 if lawmakers don't…
Do excise taxes do a better job of taxing criminals?
On April 18, Rep. Buddy Carter (R-GA) offered observations on the floor of the House in support of the Fair Tax Act of 2023, of which he is a sponsor.…