Mayor resigns following 87% tax increase in Long Island and $1.5M lawsuit over antisemitism
Recently, the outskirts of Long Island found themselves without a mayor or many other officials after a mass resignation on Thursday. This came in the wake of a staggering 87% increase in property taxes. Mayor George Pappas of Atlantic Beach abruptly stepped down, along with Deputy Mayor Charles Hammerman. Their resignations occurred just two months […]
The House fulfilled its duty by providing tax relief and supporting our values.
This July 4th, House Republicans have a bit more to celebrate as Americans come together with family and friends to honor their independence. It’s about real, tangible patriotic progress. The passage of President Trump’s significant legislative act reflects a return to core American values, arriving at a crucial moment. This new law embodies the voices […]
What Partnership HealthPlan wants members to know about upcoming Medicaid and tax reductions
House Passes Comprehensive Bill, Now Awaits President’s Approval The House has just passed a significant Republican bill aimed at cutting taxes and reducing Medicaid benefits, which is now on its way to President Donald Trump for his signature. The legislation, phrased as Trump’s “big beautiful bill,” has received Congressional approval, with the expectation that it […]
Possible Bitcoin Tax Exemptions on the Way with New Senate Bill
Simply put Senator Cynthia Ramis presented a bill on Thursday aimed at offering several tax incentives for digital asset users. The proposal exempts cryptocurrency users from needing to calculate capital gains on transactions under $300 for most cases. Under the new regulations, crypto miners and stakers won’t owe taxes until they sell their rewards, and […]
Implications of a Higher ‘Death’ Tax Exemption for Charitable Donations and Family Farms
One notable aspect of the newly introduced “One Big Beautiful Bill” is the increase in property and lifetime gift tax exemptions to $15 million, a change that will adjust for inflation in the future. Signed into law likely by President Donald Trump, this bill marks a continuation of increases first seen in 2017. However, if […]
Congress included no tax on tips in Trump’s major legislation. Here’s how it operates.
Workers in the U.S. who rely on tips have seen some significant tax changes after Congress approved a new law that aligns with President Trump’s agenda. Recently, the Republican-controlled Senate and House passed a substantial spending and tax package. This legislation establishes temporary tax exemptions related to tips that could influence other tax cuts as […]
As Mamdani focuses on New York City’s affluent residents in his tax proposal, attention shifts to his mother’s $2 million Chelsea apartment.
Mayoral hopeful Zohran Mamdani is shaping his political identity around ambitious plans to transform the city’s housing landscape. His agenda promotes rent freezes, alterations to tax policies, and a financial shift from “wealthier, predominantly white neighborhoods” to support low-income areas. However, questions may arise regarding Mamdani’s family background, particularly connections to his mother, Mira Nia, […]
Tax incentives for electric vehicles will end on September 30 as the major bill is approved.
The Electric Vehicle Tax Credit Comes to an End Congress has passed the Tax and Budget Act, which will officially end the $7,500 tax credit for buying or leasing new electric vehicles (EVs) and the $4,000 credit for used EVs starting on September 30th. These incentives have played a significant role in boosting sales of […]
California Legislators Approve Changes to Film and TV Tax Credit Program
California Film and TV Tax Credit Program Gets a Boost California lawmakers have approved changes to the state’s film and television tax credit program. This week, the Senate gave its approval, and Governor Gavin Newsom signed the law. The recent bill aims to “modernize” the program while expanding eligibility, complemented by a newly allocated $750 […]
Five major tax changes for the wealthy in Trump’s notable legislation
Tax Changes for the Wealthy in New Bill On June 30, 2025, views of the US Capitol in Washington, DC, are striking. According to tax experts, President Donald Trump’s “Big Beautiful Building” introduces several new tax credits, notably extending many features from the 2017 tax cut. It’s estimated that taxpayers earning over $1 million could […]