The most generous charitable deduction in the federal tax code is being manipulated to make big profits – and there’s no sign that Congress has any intention of fixing the problem.
The spill, which closed a major highway and sent at least ten people to seek medical attention for respiratory symptoms, became a catalyst for a renewed political battle over the chemical's future in California.
The proposal would make revenue increases extraordinarily difficult while allowing tax cuts to pass more easily, shifting pressure onto widely used federal programs.
Lawmakers question the scale, legality, and strategy of a massive funding request as troop deployments expand and the conflict shows signs of escalation.