Sunday, February 5, 2012
Following up on my prior post, Newt Gingrich Used 'John Edwards Sub S Tax Shelter' to Save $50k in Medicare Taxes (Jan. 23, 2012): Rep. Pete Stark (D-CA), the ranking Democratic member of the House Ways and Means Health Subcommittee, has introduced H.R. 3840, the Narrowing Exceptions for Withholding Taxes (NEWT) Act:
- Rep. Stark press release
- Accounting Today, Lawmaker Introduces Bill to Close Newt Gingrich Medicare Tax ‘Loophole’
- Castro Valley Patch, Does Stark Hit Or Miss The Mark On NEWT-hole?
- Reuters, Newt and the NEWT Act, by David Cay Johnston