Free Republic

A senior Democratic tax writer said Friday that the Obama administration could take unilateral action targeting offshore tax deals before Congress leaves town for the midterm elections. Rep. Sandy Levin (D-Mich.) said that Treasury Secretary Jack Lew told a group of House Ways and Means Democrats on Wednesday that the White House would roll out administrative actions against the recent influx of so-called inversions “when they’re ready.” “That could be next week,” Levin said at a breakfast sponsored by the Christian Science Monitor. Lew has only said that the administration would decide in the “very near future” how to respond...

Insurance companies aren't sending out cancellation letters, they're helping people "transition" into Obamacare, according to a top Democrat. "If [the companies] changed [the insurance plans] then they have to notify the people who have to have the opportunity to have another policy," said House Ways and Means Committee ranking member Sander Levin, D-Mich.

The American Petroleum Institute on Tuesday began running ads in opposition of a decision by House Ways and Means Chairman Sandy Levin (D-Mich.) to pay for his green energy tax bill by rescinding several tax breaks benefiting the oil and gas industry. The ads are slated to run in 10 states and depict the tax increases as job killers. The 15- and 30-second ads will attempt to show voters that increasing taxes on an industry that supports 9.2 million jobs and represents 7.5 percent of the country’s GDP will have a devastating effect on the economic rebound. “The ads are...