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Taxpayer Advocate Releases Annual Report

Taxpayer Advocate Releases Annual Report

The National Taxpayer Advocate the 2014 annual report to Congress, which expresses concern that taxpayers this year are likely to receive the worst levels of taxpayer service since at least 2001.

Obama Unveils Middle-Class Tax Proposal

During the course of the past few days, President Barack Obama has outlined his tax proposal that calls for giving an estimated $175 billion in tax breaks to middle-class taxpayers and would make community college free for two years.

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Small Business Reaction to State of the Union Address

Tonight’s State of the Union Address from President Barack Obama held mixed implications for America’s small business: NSBA applauds the President’s efforts to expand global trade opportunities but is wary of tax reform proposals that leave out the overwhelming majority of small firms.

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Small Business Congress Early-Bird Deadline Extended

NSBA has just extended to Jan. 26 its early-bird discount deadline for the 2015 Small Business Congress, held in Phoenix, Arizona Feb. 19-20, where attendees will explore the intersection economic policy and business best practices.

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Fair Tax Bill Reintroduced with Record Support

Rep. Rob Woodall (R-Ga.) has reintroduced the NSBA-supported Fair Tax Act (H.R. 25) with 57 original co-sponsors— the most the bill has ever had at the time of introduction.

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McCracken Meets with Treasury Secretary Lew

NSBA President Todd McCracken and a small delegation of other small-business leaders met with Treasury Secretary Jack Lew on Tuesday, January 13.

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The 114th Congress Begins this Week

This week, the U.S. Senate and House of Representatives kicked off the 114th Congress with their oaths of office, welcome receptions and passage in the House of a broad rules package.

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House Requires Dynamic Scoring of Legislation

Yesterday, the House approved as part of its rules package a requirement that dynamic scoring be used in the cost estimates of any major legislation to estimate its macroeconomic impact.

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Senate Finally Passes Retroactive Tax Extenders

Following a nearly week-long delay in order for Senate Democrats to push for votes on nominations, the Senate finally voted yesterday to approve the temporary, retroactive tax extenders.

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Tax and Spending Bills Pending as Lame Duck Nears End

This week, the Senate is preparing to take action on a bill passed by the House that would retroactively extend a variety of currently expired tax breaks, including Section 179 expensing and a host of other business credits.

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