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Tax Vox gives the tax provisions a "gentlemen's C." Of course, that's what the rich sons of major donors get on their transcripts when they would otherwise flunk out. Professor Maule is more old-school; he correctly gives it an F.
Tax Vox provides a grim lesson of what Maine's Olympia Snowe got for selling her soul to provide the critical 60th vote for the bill: diddly. They report that she used her influence to remove the $15 million gross receipts provision for the 5-year NOL carryback provision in the bill. Of course, the ceiling survived, and she voted yes anyway. So how's that mess of pottage tasting, Senator Snowe?
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Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to