Stimulus bill features 344 pages of tax code changes, credit for plug-in electric cars

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The House of Representatives this afternoon passed the 1,071-page Obama-Pelosi “economic stimulus” bill on a 246-183 vote with no Republican support and seven Democrats voting against.  One clear group of winners are tax advisors who can look forward to additional work parsing the bill’s 344 pages of tax changes. 

Geithner nomination reduces Obama’s trust account

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Timothy Geithner’s tax pecadillos should disqualify him for the nation’s top tax post.  Secretary of the Treasury is too high an office for a brilliant lawyer who repeatedly and apparently knowingly underpaid his taxes by thousands of dollars.  But to be fair, neither should Barack Obama be sworn in as President of the United States […]

Bank bailout commentary: Not so fast!

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Haste makes waste. Any time 535 people reach an agreement this quickly, you know most of them did not even read it before signing off. That, sports fans, is how we got into this mess to begin with. What remains to be seen is whether the measure will pass (probably) and whether the markets will […]