GAO Report on Taxes Charities Owe Under the CFC

May 25, 2006 by Guest Blogger

Find the GAO report here.

read in full

Chronicle of Philathropy Article on Ways and Means Hearing

May 25, 2006 by Guest Blogger

From the Chronicle of Philathropy: Some interesting points from the hearing included: What's more, the Government Accountability Office said that the Office of Personnel Management, which oversees the Combined Federal Campaign, does not screen participating charities for federal tax problems "or independently validate with the IRS whether the charity is truly a tax-exempt organization."

read in full

Ways and Means Hearing Today on CFC Employment Tax

May 25, 2006 by Guest Blogger

Ways and Means has posted the statements from the Ramstad hearing: Hearing on Charities and Employment Taxes: Are Charities in the Combined Federal Campaign Meeting their Employment Tax Responsibilities?

read in full

How to Spend $872 Billion

May 25, 2006 by Craig Jennings

CongressDailyAM (subscription only) brings us a breakdown of the discretionary spending in the House's FY07 budget: (in billions) Agriculture $17.81 Defense 377.36 Energy and Water Development 30.02 Foreign Operations 21.30 Homeland Security 32.08 Interior 25.89 Labor-HHS 141.93 Legislative 4.03 Military Quality of Life-VA 94.71 Science-State-Justice-Commerce 59.84 Transportation-Treasury-HUD 67.82 Total discretionary $872.78

read in full

How to Avoid an Audit: It Is All About Context

May 25, 2006 by Guest Blogger

On May 24, Jack Reilly, the Internal Revenue Service's technical advisor to the director of exempt organizations,told a group of tax-exempt law practitioners that there will be no new guidance before the November elections on what constitutes "political activity" for tax-exempt organizations.

read in full

Who on the Hill Leaked the NSA Spying Info?

May 25, 2006 by Guest Blogger

From the Hill: The FBI is seeking interviews with top House Members from both parties to determine whether they leaked details of the National Security Agency’s domestic surveillance program to The New York Times, further fanning the flames of an already tense relationship between Capitol Hill and the Bush administration.

read in full

Interesting Article on DOJ Pursuit of Corruption

May 25, 2006 by Guest Blogger

From the AP: The head of the FBI's criminal division was reluctant to say much about those searches. "We go where the evidence leads us," said James W. "Chip" Burrus Jr. But Burrus acknowledged in an interview Monday that corruption investigators "have had a run of good luck lately."

read in full

Smart Spending

May 24, 2006 by Guest Blogger

It turns out that a seemingly small budget cut to the IRS results in lost tax revenue many times over. Senate Finance Committee ranking member Max Baucus estimated earlier this week that a 1 percent cut to the 2006 IRS budget -- an amount of $100 million -- will actually cost the Treasury roughly $1 billion in lost tax collections. As Commissioner Mark Everson reported earlier this month, and as a GAO report from 2003 indicated, each dollar spent raises approximately $11 - $13 of revenue. Sen. Baucus stated,

read in full

Emergency Supplemental On Hold Until After Memorial Day Recess

May 24, 2006 by Craig Jennings

House and Senate conferees have failed to reach an agreement on the emergency supplemental spending bill, and so the bill will not reach the president’s desk before the Memorial Day recess. Congress will take up the haggling again after the break as the Pentagon has warned lawmakers that it will run out of funds at the end of June. Maybe they could hold a bake sale or something.

read in full

Estate Tax To Be Third Order Of Post-Recess Business

May 24, 2006 by Adam Hughes*

Senate aides said yesterday that estate tax repeal will likely be the third order of business to come up when the Senate returns after the Memorial Day recess. The Senate will vote on full repeal, and after that likely fails, it is Senator Jon Kyl's (R-AZ) intention to bring his "reform" plan up for a vote. His plan is little better than full repeal as it would attain very little of the actual revenue garnered from the estate tax. Take action on this issue! Contact your Senators and tell them to vote no on repeal and no on Kyl's fiscally irresponsible alternative.

read in full

Pages

  • ©2015 Center for Effective Government
  • All Rights Reserved.
  • This an archive site of the materials produced by the Center for Effective Government (formerly OMB Watch) and is maintained by the Project On Government Oversight.