IRS unveils plan to close tax loophole for pass-through businesses – CNBC
IRS Commissioner Danny Wuerfel testifies before the House Appropriations Committee in Washington, DC on May 7, 2024. Kevin Dietsch | Getty Images The U.S. Treasury Department and the IRS on Monday announced a plan to “close significant tax loopholes” exploited by large, complex partnerships that could raise an estimated $50 billion or more in tax […]
Yellen says Trump’s taxes-tariffs plan would ‘harm American businesses’
Treasury Secretary Janet Yellen strongly disagreed with Republican presidential candidate Donald Trump’s idea to reduce federal income taxes and replace them with increased tariffs to compensate for the lost revenue. The former president outlined his plan to Republican lawmakers during his visit last week, and many people saw it as a sound campaign strategy as […]
Chicago Mayor Defends Spending Campaign Funds On Makeup By Touting Support Of ‘Black And Brown-Owned’ Small Businesses
Chicago’s Democratic mayor, Brandon Johnson, defended spending more than $30,000 in campaign funds on makeup and haircuts as support for “Black-owned” small businesses, according to The Center Square. The Johnson campaign spent $4,000 at hair salons and more than $20,000 at cosmetics stores. Election Expense Report It revealed 42 separate expenditures on make-up magic by […]
Pennsylvania businesses Biden visited are mum on prez as his support slips in his birth state
EMMAUS, Pa. — With the latest Marist College poll showing Joe Biden trailing in his home state, businesses that hosted him in January for a visit to the Lehigh Valley and touted the region’s “economic revival” were reluctant to talk about the president. “There’s nothing I can talk about,” the owner of South Mountain Bicycles, […]
How Government Turned Universities and Businesses into DEI Bureaucracies
The Board of Trustees at the University of North Carolina at Chapel Hill, on May 13, announced that they would be diverting the $2.3 million that the university spends on diversity, equity, and inclusion (DEI) policies toward campus safety amidst protests over the Israeli-Palestinian conflict. UNC-Chapel Hill joins a list of universities like the University of Florida and the University […]
US linked businesses under attack in Baghdad
Twelve masked men jumped from two SUVs and a white pickup truck, stormed into a KFC in Baghdad, destroying everything in sight and fleeing. A few days earlier, similar violence had taken place at Lee’s Famous Recipe Chicken & Chili House, a popular American brand, in the Iraqi capital. No one was seriously injured, but […]
California fast food wage hike has had detrimental impact, puts businesses in ‘jeopardy,’ critic says
California franchisee Alex Johnson estimates that his 10 restaurants will lose a combined $470,000 because of his state’s new minimum wage law. California Governor Gavin Newsom’s successful move to raise the minimum wage for many of the state’s fast-food workers is having a devastating effect on businesses that are being forced to cut labor costs […]
Why Small Businesses Hate Bidenomics
If the economy is so good, why do small business leaders feel so bad? The latest Small Business Optimism Index from the National Federation of Independent Business could hardly be more depressing. The survey finds that the men and women who run our 33 million small businesses and hire more than half of American workers are in […]
Nevada Officials Asked to Remove Residents Registered to Vote at Commercial Businesses
The Public Interest Legal Foundation (PILF) is calling on election officials in Clark County, Nevada, to remove from the voter rolls people who are registered to vote at strip clubs, casinos, Harry Reid International Airport, tobacco shops, gas stations and other businesses, a petition obtained exclusively by Breitbart News has learned. On Monday, PILF lawyers […]
This summer’s weather risk could be ‘scary’ for businesses: experts
Weather risk experts say early summer heat and a busy Atlantic hurricane season, on the heels of an already busy severe weather season, could have a negative impact on the economy. Paul Walsh G2 Weather Information Analysing weather risks for businesses, the managing director said this summer’s weather forecast could pose problems for businesses and […]