The Late Edition: October 22, 2012

Today’s Taxpayer News!

NTU recently joined a coalition of taxpayer rights groups in opposition to H.R. 6477, sponsored by Albio Sires (D-NJ), which would force taxpayers in all fifty states to subsidize billions of dollars worth of disaster insurance for those who live in disaster-prone regions.  

Lately the talk over extending the Bush Tax Cuts has overshadowed yet another important tax quandry: the temporary reduction in mandatory Social Security contributions is scheduled to expire at the end of the year, costing workers an additional $1,000 a year according to this article form the Columbia Tribune.