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Tax Committees Debate Highway Funding as Money is Running Out

Ideas for infusions into the Highway Trust Fund got conflicting receptions before congressional tax committees this week, as Senate Finance Chairman Ron Wyden said he's looking for solutions while Ways and Means Chairman Dave Camp expressed concerns about the Obama administration's proposal.

Not Much Clarity With New IRS FET Advice

The trucking industry recently asked the Internal Revenue Service for clarification about how Federal Excise Tax applies to glider kits, seeking what Greg Althardt, partner of the dealership group at accountancy firm CliftonLarsonAllen, called some "bright line" results. It got some clarification, but not enough.