Here’s what’s in the bipartisan tax deal
Tax leaders in both the House and Senate announced a $78 billion bipartisan agreement Tuesday as they rush to enact provisions before tax season begins in late January. Here are some successful trades: Expansion of child tax credit Under the agreement, the child tax credit will be strengthened, increasing the credit cap from $1,600 to […]
JetBlue blocked from acquiring Spirit Airlines in $3.8B deal
A federal judge on Tuesday blocked JetBlue Airways' $3.8 billion plan to buy ultra-low-cost carrier Spirit Airlines based on an agreement with the Justice Department that the deal would reduce the availability of cheap flights. of ruling The ruling by U.S. District Judge William Young in Boston marks a victory for the Biden administration in […]
DP World Tour CEO sounds off on American players in wake of LIV Golf deal
Keith Perry didn't like how many American players were doing last summer. According to the outgoing CEO of the DP World Tour, many top pros I did not understand Impact of the Framework Agreement, an agreement signed by the PGA Tour, DP World Tour, and the Saudi Public Investment Fund (PIF) on June 6, 2023. […]
Bipartisan tax deal could boost child tax credit for 2023. What it means for families this tax season – CNBC
Senior MPs made the announcement on Tuesday. $78 billion bipartisan tax deal —Includes a retroactive increase in the child tax credit that could affect families' filings this season. But the proposed legislation could still face hurdles, experts say. The plan would expand the child tax credit retroactively to 2023 by expanding access, increasing the amount […]
Ditch Mitch? McConnell’s border deal stabs GOP voters back
Conservatives across the country are groaning as they watch Mitch McConnell, James Lankford and Chuck Schumer's new border deal currently being debated in the Senate. Instead of making moves to ease illegal immigration, they pretend that Republicans have proposed: How more amnesty, funding, and work permits for illegal aliens will solve one of our nation's […]
House, Senate tax chiefs announce deal on business deductions, low-income credits
Congress' top tax officials announced an agreement Tuesday morning that would strengthen the Child Tax Credit (CTC) and reinstate a business deduction stripped away as part of the 2017 Tax Cuts and Jobs Act to pay for lower corporate tax rates. The CTC expansion would increase the maximum loan amount per child from $1,600 to […]