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ARTICLE · 17 OCTOBER 2014

Tax Policy Update - 13 October 2014

53 is the percentage of Americans who disapprove of the job President Obama is doing according to the latest Gallup poll.

United StatesTax

NUMBER OF THE WEEK: 53

George Clooney's age – can you believe that? More importantly, it's the percentage of Americans who disapprove of the job President Obama is doing according to the latest Gallup poll. With 21 days left until the midterm elections, Obama's low approval rating continues to be a liability for Democrats in competitive races across the country. All eyes are on the Senate races in Lousiana, Arkansas, and Alaska. Democrats must eke out a victory in at least one of these states in order to maintain control of the Senate.

LEGISLATIVE LANDSCAPE

Koskinen: Pass Extenders ASAP. Congress needs to act on tax extenders as soon as it returns for the lame-duck session in November to avoid delays in the 2015 tax season and the processing of tax refunds for millions of taxpayers, according to a letter from Internal Revenue Service Commissioner John Koskinen sent to Senate Finance Committee Chairman Ron Wyden (D-OR) last week.

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