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Today’s favorite headline chuckle

June 28, 2007

From today’s Washington Post In the Loop column comes word that, "House Grudgingly Accepts a Pay Raise"

Of course, writer Lois Romano, a long-time Beltway resident, did append "as usual" to the headline statement.

Romano goes on to explain the lawmakers’ dilemma that their automatic 2.5 percent pay increase appears to contradict campaign promises and how they finally came to terms with the financial struggle.

As she notes, "The cost-of-living increases for Congress are automatic by permanent law, and have for years been in the fine print of an appropriations bill, which also gives civil servants a COLA increase. Having the measure lumped with other legislation insulates the members from specifically voting on a raise just for themselves."

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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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