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Government accountability back on track

September 11, 2006

Remember Senator Ted Stevens’ attempt to kill a bipartisan effort to establish a Web site where we all could easily see what projects Congress funds? If you don’t, check out the zefrank video item in Tax Carnival #4.

Well, the Republican from Alaska had a change of heart. Or maybe he finally felt an iota of shame for blocking a measure designed to make federal lawmakers more accountable for their often pork-barrel actions.

Whatever the motivation, the bill got its day on the Senate floor last week and that body passed it. Essentially, it authorizes a Google-like search engine to allow people to track online approximately $1 trillion in federal grants, contracts, earmarks and loans.

The House passed a narrower version of the measure in June. That bill would allow searches of grants, but not contracts awarded to businesses.

Now we just have to wait for conference committee members to iron out the differences. Even if the final version isn’t as far-reaching as the Senate bill, it’s at least a positive step in the government accountability direction.

Special thanks to the hubby for holding down the tax fort while I’m on the road and alerting me to the activity on this earlier legislative impasse. I’ll be home tonight to take taxes off your hands.

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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