GA Congressman Woodall Introduces Fair Tax Bill with Record Support, Would Repeal 16th Amendment

WASHINGTON, D.C. – U.S. Representative Rob Woodall (R-GA-07) introduced his signature legislation, H.R. 25, The FairTax, on Thursday, January 3, 2013 — the first day of the 113th Congress — with a record number of original cosponsors in the House of Representatives.  The previous record number of original cosponsors was set by Woodall in 2011, and the bill was reintroduced in the 113th Congress with even more original cosponsors, 53.

Tax Foundation Expert to Testify on Health Care Individual Mandate

Ways and Means Subcommittee Hearing Thursday Morning

Washington, D.C. — Tax Foundation Vice President of Legal Projects Joseph Henchman will testify this Thursday before the House Ways and Means Health Subcommittee on the constitutional status of the Patient Protection and Affordable Care Act.

IRS Agrees with NFIB Regarding 1099-K Reporting Requirements, Responds by Eliminating Small-Business Compliance

WASHINGTON, D.C. — The Internal Revenue Service (IRS) recently responded to a letter sent by the National Federation of Independent Business (NFIB) that outlined the paperwork burden that the new “third-party payer” reporting requirements, or 1099-Ks, would have on small-business owners.  In its response to NFIB’s letter and following a meeting that NFIB had with stakeholders at the IRS, the IRS