A Rose, By Any Other Name
/But sometimes Uncle Sam pumps money into pockets less directly, effectively passing a tax cut without actually cutting taxes. Businesses across the country may soon benefit from one of those moves.
Read MoreSafety in Numbers
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There's an infrastructure bill with $1 trillion for roads, bridges, climate resilience, and broadband access. There's a budget reconciliation package with another $1.75 trillion for fighting climate change, child care and universal pre-kindergarten, and extending the expanded child tax credit.
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Tax Policy Lessons From Horseshoe Crabs
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But waiting for the IRS to discover email doesn't matter nearly as much as the system they're actually administering. The sad reality is that today's tax code is just as ridiculous as the one they enforced back in 1913. Standard deductions, graduated tax rates, a dizzying array of deductions and loopholes, and even Form 1040 — we've had them all from the start.
Read MoreInfrastructure Week
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It shouldn't surprise you, then, when taxes reach deeper into every choice Uncle Sam makes, too. This gets harder and harder as Congress looks more and more like the monkey cage at the zoo, or maybe a class of rowdy fifth-graders, just moments after the substitute teacher leaves class to personally deliver her resignation to the principal. Which brings us to this week's story.
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