John Boehner Asking Supercomittee for a Small Favor
House Speaker John Boehner (R-Ohio) will call on the deficit-reduction supercommittee to lay the foundation for an overhaul of the tax code in a speech to the Economic Club of Washington on Thursday. In an address timed as a response to President Obama’s jobs plan, Boehner plans to restate his opposition to tax increases either to pay for job-creation measures or to reduce the deficit, according to a preview circulated by his office. Yet the Speaker is expected to voice support for closing loopholes as part of broader tax reform, which could include eliminating tax breaks for oil companies and other industries. [OTM/The Hill]
Reminder: Going Concern Reader Survey (Fall 2010)
Against my will, TPTB have forced me to remind you that it is imperative that you take our Fall 2010 Survey if you haven’t already.
It’s also been impressed upon me to also re-mention that we are offering you the chance to win a $500 gift card and it also makes you a good American.
Kindly follow this link to take our survey. As always, your time (billable or not) and participation are appreciated.
It Literally Took an Act of God* for the IRS to Do Something Nice
There’s a slew of “reasons” that people have for hating on the Internal Revenue Service. They’re responsible for discourse on television, they don’t observe Shabbos, perverts (alleged!), etc.But every now and again the IRS gives you a reason to say, “well, that’s nice of them,” even if it takes rainfall that makes you consider cobbling an ark together and rounding up the animals in the neighborhood.
The Service is not unreasonable. Apologetic? Never. But not unreasonable. Accordingly, if you live in eastern Massachusetts or Rhode Island the IRS took notice of the rising waters and is extending the April 15th deadline to May 11th (?).
It’s unlikely that this will garner much favor with the IRS haters outside of the Northeast but at least the Service won’t have to ignore the flood of calls from Bay State and Ocean State residents about whether they’ll still be expected file on time. Grab a bucket.
IRS will delay April 15 deadline for many in Mass. [Boston Globe]
Flood weary Rhode Islanders get tax extension [AP via Globe]
*For the militant atheists – Calm down, wouldja? It’s a religious week. Just sub “Nature” and move on.