Kristen McDonald Rivet Promotes Tax Credit After Opposing Trump’s
McDonald Rivet’s Controversial Ads and Tax Cut Debate Representative Kristen McDonald Rivet (D-Mich.) is running for re-election amid scrutiny for her past votes. She previously opposed President Donald Trump’s working families tax cuts but is now airing ads, funded by taxpayers, that promote her support for applying for “passed” working families tax credits. This Saturday […]
Microsoft’s Disclosure Offers Uncommon Insight into Tax Haven Strategies
Microsoft’s Recent Compliance Report Highlights Profit Shifting This week, Microsoft released a compliance report that sheds light on how the company is moving profits from countries with significant employee counts and sales to low-tax jurisdictions, potentially saving billions in taxes. It seems Microsoft might be the first major U.S. tech firm to create country-specific financial […]
Newsom approves full tax on any Californian gaining from Trump’s fund.
California Governor Signs Bill Against Trump Fund California’s Democratic Governor Gavin Newsom has officially acted to counter President Donald Trump’s proposed $1.7 billion fund aimed at, as some say, weaponizing his agenda. On Tuesday, Newsom stated via social media that he signed new legislation taxing 100% of the benefits distributed to Californians from this contentious […]
Gavin Newsom Suggests National Tax on Billionaires and a Fund for AI Development
California Governor Proposes Public Equity Fund Tied to Billionaire Tax and AI California Governor Gavin Newsom has introduced the idea of establishing a “public equity” fund that would utilize a federal tax on billionaires, alongside advancements in artificial intelligence. In a recent Substack post, he discussed his economic strategy, advocating for a national minimum tax […]
California introduces a new gas tax while other states adapt similarly
Summer Gas Prices on the Rise Due to New Tax Increases As summer heats up, so do gas prices, which are climbing steadily. With the Fourth of July weekend just around the corner, several states are increasing their gas taxes. It’s quite the birthday present for America, isn’t it? Currently, prices at the pump are […]
Arvin City Council puts a 1% sales tax hike on the ballot
Arvin May Introduce Sales Tax Increase Residents of Kern County might see higher prices at stores if voters endorse a proposed 1% sales tax rise this November. This potential increase was unanimously supported by the Kern County City Council last week, paving the way for it to appear on the ballot. Mayor Olivia Calderon has […]
Gas tax increase starts Wednesday as GOP lawmakers call on Newsom to respond
California Gas Tax Increase Looms Starting Wednesday, California drivers will face higher gas prices as a new tax increase takes effect. Some Republican lawmakers in the state argue that this added expense will put additional strain on residents already dealing with some of the highest fuel costs in the U.S. Leading the charge, Representative David […]
NYC issues initial pied-à-terre tax notices to owners of luxury second residences
The Mamdani administration has rolled out the guidelines for the city’s new pied-à-terre tax, with the first notices expected to be sent out in the coming weeks. As reported, the City Finance Department plans to inform owners of numerous luxury secondary residences by August 30th about their tax obligations, according to the latest draft guidelines. […]
Democrats Attempt to Revive Jimmy Carter’s Oil Tax
Democrats Propose Oil Tax Similar to Carter Era A push is underway from Democratic lawmakers to revive a tax targeting oil producers that harks back to the Carter administration. Senator Sheldon Whitehouse of Rhode Island and Representative Ro Khanna from California have reintroduced the Big Oil Windfall Profits Tax Act, as noted in a recent […]
Architect of California billionaires tax makes outrageous assertion
The designer behind California’s debated billionaire tax has expressed concerns that the proposal is pushing wealthy individuals to leave the state. Despite this, SEIU-United Health Care Workers West President Dave Regan dismissed these claims as “totally fabricated,” even as reports suggest an increasing number of billionaires are either departing or mulling over the idea ahead […]