The tax code is full of complicated loopholes and deductions that require professional translation. So I called a bunch of accountants and tax lawyers and asked them: What are your favorite, most confusingly named deductions — and what do they actually mean?
Intangible Drilling Costs
"The government will pay you to dig a hole in the ground," says Howard Rosen, a CPA in St. Louis. "You can write it all off immediately."
House Budget Committee Chairman Paul Ryan tells NPR that he's "cautiously optimistic" that a budget deal can be reached with the White House.
Speaking to NPR a day after President Obama unveiled a 2014 budget proposal that includes cuts to Social Security and Medicare, as well as tax increases and new investments in education and infrastructure, Ryan said he was encouraged by the broad outlines from the White House.
Venezuelan author Romulo Gallegos (1884-1969), circa 1950.
Credit Pedro Valdes
Marcela Valdes was a founder of Críticas, the English-language magazine devoted to Spanish-language books. She is now serving her second term on the board of directors of the National Book Critics Circle.
Marcela Valdes is the books editor of The Washington Examiner and a specialist in Latin American literature and culture.
For more than 40 years, the most important book prize in South America has been bankrolled by the region's most famous petro-nation: Venezuela. Yet Venezuelan novelists themselves rank among the least read and translated writers in the entire continent. Over and over again as I worked on this article, I stumped editors and translators with a simple question: Who are Venezuela's best novelists?
It's ALL THINGS CONSIDERED, from NPR News. I'm Audie Cornish.
MELISSA BLOCK, HOST:
And I'm Melissa Block. A stunning revelation today from a member of Congress. It came from Republican Doug Lamborn, of Colorado, during an exchange on Capitol Hill with Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff. Lamborn cited a Defense Intelligence Agency report on North Korea's military capability, one that had not yet been released. Here's what Rep. Lamborn said.