G.O.P. Is Resisting Obama Pressure on Tax Increase [NYT]
House Republicans, shrugging off rising pressure from President Obama, are resolutely opposing new tax increases to head off $85 billion in across-the-board spending reductions, all but ensuring the cuts will go into force March 1 and probably remain in place for months, if not longer. Despite new calls from the White House on Wednesday to enact a combination of tax increases and cuts to postpone the so-called sequester, the House is moving forward on a legislative agenda that assumes deep and arbitrary cuts to defense and domestic programs — once considered unthinkable — will remain in place through the end of the year.
Firms Puzzle Over Tax Riddle [WSJ]
To flow through or to not flow through, that is the question.
Pension funds urge JPMorgan Chase to oust Dimon as chairman [CNN]
"Give up the chairman role Jamie Dimon." That's what a coalition of investors in four major pension funds told JPMorgan Chase's (JPM) board Wednesday. Dimon has served as the bank's CEO and chairman since late 2006. The coalition, which includes the Connecticut Retirement Plans and Trust Funds as well as the New York City Pension Funds, called on the bank to name an independent board chairman. Shareholders will vote on this plan at the company's annual meeting in May. The bank had no comment about the proposal.
Why Solo CPAs Won’t Sell [CPAT]
Their first-born? Maybe. Their firm? Fat chance.
Leaving the IRS: A True Tax Pro [TA/Christopher Bergin]
It's not just a bunch of faceless agents who aren't using their BlackBerrys, you know.
Former NFLer Bill Romanowski Sacked By Tax Court (I Realize Romanowski Played Defense. Puns Are Hard) [Forbes]
If Jim Otto was the one in court, it would have been a snap.
Texas Governor Rick Perry says it's because all those Chargers employees will receive a hike in take-home pay.
