Penn Wharton Budget Model, Decomposing the Decline in Estate Tax Liability Since 2000: We estimate that the federal estate tax would have generated 9 times more revenue in 2019 without the tax changes in 2001 and 2017. Key Points Tax cuts and higher life expectancy have reduced estate tax revenues…
Former Students Sue Columbia, Say They Were Misled By Misreporting Of Data That Inflated Its U.S. News Ranking
By Paul Caron
Following up on my previous posts (links below): Higher Ed Dive, Columbia University Sued by Students Alleging They Were Misled by Potentially False U.S. News Ranking Data: Columbia University faces twin lawsuits from two former students alleging the Ivy League institution broke a New York consumer protection law — and…
Penn State Orders Hiring Freeze, 3% Budget Rescission To Close $191 Million Deficit
By Paul Caron
Pittsburgh Post-Gazette, Penn State Implements Hiring Freeze Through at Least Summer 2023: Pennsylvania’s flagship public university has ordered a hiring freeze at least through next summer as it and other higher education institutions confront spiking inflation and public fallout over tuition hikes aimed at easing strain on campus budgets. Penn…
Weekly SSRN Tax Article Review And Roundup: Saito Reviews Kysar’s Interpreting By The Rules
By Blaine Saito
This week, Blaine Saito (Northeastern; Google Scholar) reviews a new work by Rebecca Kysar (Fordham; Google Scholar), Interpreting by the Rules, 99 Tex. L. Rev. 1115 (2021). Famed Senate Parliamentarian Floyd Riddick said that “[t]he rules of the Senate are perfect. And if they changed every one of them, the…
Nonprofit Tweets of the Week – 8/5/22
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week.
Notable Events of the Week:
- “House Speaker Nancy Pelosi (D-Calif.) arrived in Taiwan late Tuesday, defying Chinese warnings against visiting the self-ruled island that Beijing claims as its territory and setting the stage for
…
SMALL FRAUD DEFEATS CLAIM
By Barry Zalma
WITHDRAWAL OF FRAUDULENT PORTION OF CLAIM DOES NOT ELIMINATE FRAUD
See the full video at and at
Star Casualty Insurance Company appealed a summary final judgment and attorney fee award entered in favor of Gables Insurance Recovery, Inc., as assignee of Star Casualty’s insured, Ana Maria Correa. Star Casualty alleges that the trial court erred…
Arizona Summit, Charlotte, And Florida Coastal Law Grads Have Their Student Loans Forgiven As Part Of $6 Billion Class-Action Settlement
By Paul Caron
The Washington Post reports that a federal court yesterday approved a $6 billion settlement for 200,000 federal student loan borrowers at more than 150 schools in a class-action lawsuit. Florida Times-Union, $6 Billion Loan Settlement Could Spare Grads of Florida Coastal School of Law, Business Schools: Former Florida Coastal School…
Smooth Sailing – updates and insights on the MTC’s Project on State Taxation of Partnerships
July 11 and July 25, 2022 Meetings
During the last two meetings, MTC Staff has continued to discuss and receive feedback on the draft model rules applicable to investment partnerships. To date, the draft has been amended twice, and the current version can be found here. As currently drafted, the model would only apply…
WSJ: The IRS Is About To Go Beast Mode
By Paul Caron
Wall Street Journal Editorial, The IRS Is About to Go Beast Mode: Progressives want Joe Biden to unleash what they call “beast mode” executive power, and the Schumer-Manchin tax bill supplies the cash to turn the Internal Revenue Service into Wolverine. The pact between Sen. Joe Manchin and Majority Leader…
UCLA Law School Launches Project To Track Attacks On Critical Race Theory
By Paul Caron
UCLA Newsroom, UCLA Law Launches Project to Track Attacks on Critical Race Theory: UCLA School of Law’s Critical Race Studies Program has created an innovative project to track and analyze legislative, regulatory and administrative efforts to block or undermine the teaching of a more complete history of the United States…