More Tax Changes

“It’s all political theater. It’s not about legislating anymore. It’s all for the next election that’s coming up shortly.”

Senator OLYMPIA SNOWE (R-Maine) August 2010, before the Congress congressional recess

“Today we are creating an IRS where the American taxpayer comes first and customer service is second to none.”

Treasury Secretary ROBERT RUBIN and Commissioner of Internal Revenue CHARLES O. ROSSOTTI

“In the last decade, taxes have been raised four times explicitly for deficit reduction. In the year following each hike, the deficit actually increased.”

Senator DAN COATS 1993

Congress did manage to pass several tax changes earlier in the year. Here’s a summary of the most important new laws and how to use them ...

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