IRS To Audit Utah Foundation With Ties to Leavitt Family

According to the : The Internal Revenue Service plans to audit a Utah foundation that has ties to the Leavitt family, which includes the U.S. secretary of health and human services, Mike Leavitt.

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OMB Watch Staff: Matt Lewis

Federal Fiscal Policy Analyst Matt Lewis joined OMB Watch in the summer of 2006 as a federal fiscal policy analyst. He graduated with a BA in History from Dartmouth College in 2005. Prior to joining OMB Watch, he served as a Bill Emerson National Hunger Fellow at the Oregon Food Bank and the Presbyterian Church USA's Washington Office.

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Business Groups Mull New Anti-Estate Tax Strategy

Ugh. National Journal's CongressDaily (subscription required) reports today that anti-estate tax coalitions are regrouping for a massive grassroots push during Congress's August recess. An unnamed source identified about a dozen Democrats who the coalition may target, including:
  • Sens. Daniel Akaka and Daniel Inoye of Hawaii
  • Sens. Maria cantwell and Patty Murray of Washington
  • Sen. Mark Pryor of Arkansas
  • Sen. Max Baucus of Montana
  • Sen. Debbie Stabenow of Michigan
  • Sen. Robert Byrd of West Virginia
  • Sen. Tim Johnson of South Dakota

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Dudley: The Missing Docs

Well, it didn't take too long at all -- the Mercatus Center has silently restored the documents OMB Watch identified as missing from Susan Dudley's profile page. Now you can read for yourself why she hates the Davis-Bacon Act, thinks that giving the public a right to know about the toxic hazards it is exposed to should be eliminated or weakened in the name of fighting te

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Coburn Examining Earmarks Given to Univerisities

From the Journal of Higher Ed: Whether earmarks — funds that a member of Congress directs to recipients without the peer-review process that federal agencies use to dole out most research funds — are dangerously and increasingly undermining peer review, or simply a way that legislators can look out for constituents, depends on who’s talking.

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Dems Question IRS Downsizing

House Democrats are challenging a recent move by the IRS to downsize its estate tax auditing department (More here and here). Rep. John Olver (D-MA) just threw his hat into the ring, too. From BNA (subscription required): Olver expressed "strong concern" despite IRS's assertions that the change is due to the declining number of returns as a result of a bigger exemption. The Massachusetts Democrat pointed out that estates of more than $2 million are still subject to the tax.

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Ask, Receive

Earlier, Matt asked: [A]ny readers out there want to calculate how much lower the deficit would have been if the 2003 capital gains and dividends tax cuts hadn't been in effect? Well, I'm not sure about the capital gains and dividends cuts, but the Center on Budget and Policy Priotities informs us that:

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An Introduction

Ya'll might have noticed an uptick in the quality of the blog since Monday. That would be the work of the newest member of the Budget & Tax program - Matt Lewis. So, say 'Hi' to Matt when you get a chance.

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CBO Forecasts Big Deficit, Just Less Of It

The Congressional Budget Office (CBO) has just lowered its estimate of the Fiscal Year 2006 budget deficit by about $111 billion. So for now, FY 2006, which ends on September 31st, will probably result in a budget deficit of $260 billion. The CBO estimate puts the deficit about $30 billion lower than the Office of Management and Budget (OMB), which revised its estimate in July. See here, here and here for more information on OMB's gimmicky deficit numbers.

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Check Out the New House Lobby Disclosure Website

Check out the new House website for lobby disclosure.

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