NUMBER OF THE WEEK: 15
The number of minutes it should take most Americans to do their taxes, according to potential GOP presidential candidate Chris Christie in a Wall Street Journal op-ed published last night. Christie offers a broad plan to drop the corporate rate to 25 percent and trim the individual rate to three brackets with the top rate no higher than 28 percent. To do this, Christie proposes eliminating or modifying “enough deductions, credits and targeted provisions in the code — both on the personal and the corporate side” to keep the plan revenue-neutral. Christie added that one approach would be to cap the total amount of deductions and credits available to individuals and married couples.
- Pedal to the Metal: Short-Term Highway Patch Up Ahead.
- D’s and R’s Agree… That Tax Reform Ain’t Happening in 2015.
- Senate Finance Staff Keeps the Faith on Reform.
- ‘Patent Box’ Buzz Grows.
- Proposed Regulations Endanger Certain MLPs and MLP Hopefuls.
- IRS to Ramp Up Private Letter Rulings; Input Requested.
- Treasury Regulations to Facilitate Swap Clearing.