IRS Commissioner to Head Reformed Red Cross

Mark Everson, the commissioner of the Internal Revenue Service (IRS), will be the new chief executive of the American Red Cross. As many are aware, while with the IRS Mr. Everson has had a particular focus on government oversight of nonprofit organizations. And in related news, yesterday the House approved by voice vote a bill to reform the national Red Cross, the American National Red Cross Governance Modernization Act of 2007 (H.R.1681).

read in full

Breaking - Doolittle Steps Down from Approps Committee

Rep. John Doolittle (R-CA), whose home was recently raided as part of an FBI investigation to his ties to convicted lobbyist Jack Abramoff, has resigned his seat on the House Appropriations Committee. AP: Rep. John Doolittle, whose house was searched by the FBI in an influence-peddling investigation, said Thursday he will step down temporarily from the House Appropriations Committee.

read in full

Requiem for Departing IRS Commissioner Mark Everson

While at his new job with the Red Cross, may he find redemption for the following:
  • Implementing a program to privatize tax debt collection
  • Privatizing regulations
  • Offering early retirement to estate tax auditors
  • Potentially politicizing tax collection (see OMB Watch's

read in full

Records for the Record

Tuesday was Tax Day, and if anything it' a reminder that, as Americans, we're all united by at least one thing: a four-digit number, "1040." That's right - even the president and vice president are just like everybody else on Tax Day.

read in full

Question of the Day

What remains now on the war funding front is to await the promised Bush veto of the record-sized supplemental appropriation bill Congress is expected to send to the president in the next week or so. Meanwhile, echoing the sentiment we expressed last week: Since the funding conditions may well, for all we know, end up as ignorable timetable "goals," it seems that the president is jumping the gun in issuing veto threats... Rep. James Moran (D-VA) asked this question yesterday:

read in full

Paulson's Paultry Portfolio: the Tax Reform Gap

In addition to his demurrer on the tax gap, as Matt notes below, Treasury Secretary Henry Paulson also begged off yesterday on another matter of tax policy that had been a major Bush administration priority, telling the Senate Finance Committee: There isn't a major tax reform proposal being put forward now, and I don't see that on the dockets in the near future. So much for all that brave talk out of Congress about fundamental tax reform that we noted earlier this year, and the (now-languishing) recommendations offered in November 2005 by the president's own tax reform advisory commission.

read in full

Tax Gap Fever

Treasury Secretary Henry Paulson thinks we have no choice but to let people evade taxes, apparently. Having just paid my taxes, I find that a little annoying. In testimony before Congress yesterday, Paulson made a case for restraint in closing the the tax gap, which is a sanitized way of putting the annual total of tax evasion, avoidance and errors (noncompliance, in tax speak). IRS estimates the tax gap to be at $353 billion a year, or about 16 percent of total taxes owed. So why can't we go after this money? Here's Paulson:

read in full

PDUFA Reauthorization Moving through Senate

Yesterday, the Senate Health, Education, Labor and Pensions Committee voted favorably to reauthorize the Prescription Drug User Fee Act (PDUFA). PDUFA allows FDA to collect money from the drug industry in order to pay for safety tests of new drugs. While this may sound like a good way for the government to raise funds, the money comes with strings attached. The drug industry, to some extent, dictates the timetable for drug approval.

read in full

Withdrawal Date Debate: View from the Ground, Gates

More than anything else, the sticking point in today's discussion about the war spending supplemental appropriations bill at the White House involved the timetable for the withdrawal of U.S. soldiers on the ground. President Bush and House Minority Leader Boehner (R-OH) argued con and Speaker Nancy Pelosi (D-CA) and Senate Majority Leader Harry Reid (D-NV) pressed the pro line, but those on the ground spoke loudest of all. As Bloomberg reported today:

read in full

Progressivity, Part II: The Payroll Perspective

Following up on yesterday look at progressivity's tipping point: The Tax Policy Center released an article last week revealing that 65.9 percent of all "tax units" pay more payroll tax than income tax. The article notes that payroll tax is regressive with respect to current income -- the effective payroll tax rate falls as income rises. The income tax, in contrast, is progressive, even considering the deductions, loopholes, and other flattening provisions. Query: how long has the majority of taxpayers paid more in payroll than income tax, and whither is the trend tending?

read in full

Pages