Reagan’s Law Redux?

photoIn , President Reagan revolutionized our federal income tax system by cutting rates and expanding the tax base, freeing up capital.  Having embarked on my tax lawyer career in 1979, it was my first major post-law school tax bill.  There would be many others.  Most notably, in , Mr. Reagan and Congress did it again with even more sweeping changes, ones we now see as pivotal 25 years later.  See .Of the myriad changes made in 1986, most were good.  Some were not.  The changes seemed fundamental when passed in 1986 and even more so today.  The top tax rate was lowered from 50% to 28%. …

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Blatter expected to report progress on corruption battle

ZURICH, Switzerland, Oct 21 (Reuters) – FIFA president SeppBlatter is expected to give a progress report on the fight tostamp out corruption following an executive committee meeting onFriday. Blatter was re-elected for a fourth term as president at theFIFA Congress in June and immediately pushed through measuresaimed at cleaning up soccer’s governing body following a seriesof scandals. “The executive committee will receive a report from the FIFAPresident on the proposals approved at the 61st FIFA Congress inZurich,” said FIFA in a statement. …
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Grondona wins record ninth term as Argentina FA chief

BUENOS AIRES, Oct 18 (Reuters) – FIFA’s seniorvice-president Julio Grondona, key right-hand man to SeppBlatter, won a record ninth four-year term as Argentine FootballAssociation (AFA) chief on Tuesday which will keep him in officeuntil 2015. The 80-year-old, who had a run-in with British media overEngland’s failed bid to host the 2018 World Cup finals, waselected unanimously at an extraordinary AFA congress attended by46 club directors at AFA headquarters. …
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LeadingAge Urges Congress to Avoid the Fiscal Cliff

Policymakers Must Take A Balanced Approach to Deficit ReductionWASHINGTON, Dec. 20, 2012 /PRNewswire-USNewswire/ — As January 1 quickly approaches, LeadingAge, a not-for-profit association for aging services providers with more than 6,000 members nationwide, is urging members of Congress to act before the end of the year to prevent automatic spending reductions, known as sequestration.LeadingAge fully recognizes the seriousness of the federal budget situation and the need to bring the budget back toward a healthy balance between spending and revenues. …
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Republicans push own "fiscal cliff" plan; talks frozen

House Speaker Boehner makes brief statement to the media at the Capitol in WashingtonWASHINGTON (Reuters) – Republicans in the Congress pushed ahead on Thursday with a "fiscal cliff" plan that stands no chance of becoming law as time runs short to reach a deal with President Barack Obama to avert a Washington-induced economic recession. House of Representatives Speaker John Boehner's "Plan B" to limit income-tax increases to the wealthiest sliver of the population appeared likely to pass the House on Thursday evening after it narrowly cleared a procedural hurdle in the afternoon. …

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