Tax-writing lawmakers lose seats

November 5, 2008

A few votes are still being counted, but for four members of the federal tax-writing committees, the news is not good.

Capitol-Winter cropped
A senior Republican member of the House Ways and Means Committee and
the newest GOP Senator on the Finance Committee both lost their
reelection bids in yesterday's Democratic sweep of Washington, D.C.

Phil
English (R-Pa.) has served as ranking minority member on the Ways and
Means Select Revenue Measures Subcommittee. He had been a member of
Ways and Means since he took office in 1994. English lost to Democratic
challenger Kathy Dahlkemper.

Across
Capitol Hill, Sen. John E. Sununu (R-N.H.), lost to Jeanne Shaheen, the
former Democratic governor of New Hampshire. Sununu was the junior-most
member of the Senate Finance Committee, taking that slot in January
when he was appointed to fill the seat left vacant when Trent Lott
(R-Miss.) resigned.

Two races up in the air: Two other Republican tax writers are awaiting final word on their political futures.

Gordon
Smith (R-Ore.), who's served on the Senate Finance panel since 2003,
remains in a fight for his seat. Smith took the lead overnight, but
most news outlets still list the race as too close to call.

However, RightPundits.com
predicts that Democrat Jeff Merkley will defeat Smith. The Web site
says a county-by-country analysis of the outstanding votes show that
Merkley will win by about 50,000 votes.

UPDATE, 1:30 p.m. CT Nov. 6:
Merkley declared winner in Oregon,

unseating GOP incumbent Smith.

Also
still up in the air is Nevada's 3rd Congressional District seat
held by Republican Jon C. Porter. Last night, some media outlets
reported that former state senate Democratic leader Dina Titus had
defeated Porter, the most junior Republican on Ways and Means. However,
there's not been an official call of the race.

UPDATE, 5 p.m. CT Nov. 5:
Titus declared winner in Nevada,

unseating GOP incumbent Porter.

Thanks
to the overall increase in the House and Senate, Democrats will have a
stronger hold on the tax-writing committees in both legislative
chambers.

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Those procrastinating filers aren’t a problem. In fact, the IRS appreciates taxpayers who take time to fill out their 1040 forms correctly. It also is grateful that tax submissions are spread out a bit, especially now that the IRS is a leaner agency. Processing returns is easier when they arrive throughout the year instead of in massive bunches.

But enough about Uncle Sam’s tax collection issues. The focus now is on all y’all who filed for extensions, giving you another six months to complete your return. Since your new mid-October due date will be here before you know it, let’s get started now on meeting it.

The ol’ blog is here to help you finish up your extended Form 1040. You can start with January’s tax tips page, which has links to the rest of the year’s tips by-month collections. You also can peruse various tax categories for more tailored advice by clicking on the More Tax Posts drop-down menu at the top of this (and every) page.

And to make sure you don’t miss your new filing deadline, the count-down clock below will let you know just how much time you to file by Oct. 15. At the latest.e. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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