L.A. Mayor Karen Bass Says City Considering Suspending Measure ULA Tax to Help Rebuilding
LOS ANGELES, Calif. — LA Mayor Karen Bass said Tuesday that she and the city council are considering ways to shut down ULA, a controversial property transfer tax, in an effort to rebuild the area that was destroyed by recent wildfires. Several state and federal lawsuits have put ULA's constitutionality measurements into question. Tuesday was […]
Exclusive — Sen. Tom Cotton Proposes Tax on ‘Woke’ University’s Endowments
Sen. Tom Cotton (R-AR) proposed laws Tuesday that taxes “wake-up” college donations and cancels student loans for “crime” protesters. Cotton has announced the Awakened Fund Security Tax (West) Act. This is a bill that launches a 6% sales tax on 11 American college donations, which uses revenue to repay borders and secures southern borders. “We […]
Randi Weingarten decries school choice vouchers as ‘tax credit’ for wealthy
Teachers Union boss Randy Weingarten said in a recent podcast appearance that President Donald Trump's plan to end the Department of Education would mean more funding for school choice vouchers. Weingarten's comments came in a podcast interview with Molly Jong-Fast. He spoke about the implications of Trump's spending reforms, particularly his plan to end the […]
21 House Republicans ask leadership to limit changes to energy tax credits in reconciliation
A group of 21 House Republicans are asking the key committee to limit changes to the energy tax credit passed under Democrats as the GOP aims to overhaul US tax laws. It's new Sunday lettera group of almost moderate Republicans sought changes to the energy tax credit should be “target and practical.” “The proposed tax […]
Socialist NYC mayoral candidate Zohran Mamdani plans for major corporate tax hikes
Socialist mayoral candidate Zohran Mamdani wants to raise corporate taxes to pay New Yorkers billions of dollars in freebillions, he posted in an exclusive sit-in. Queens, 33, said his socialist utopia plans include assisting with free transportation and childcare with higher taxes on businesses, establishing city-run grocery stores, freezing rent for millions of New Yorkers […]
How the IRS can crack down on ghost tax return preparers
Consider the problem Roger Ramireztax return creators who processed more than 1,000 taxpayers' tax returns over a three-year period have, among other things, significantly inflated charitable contributions, fully manufactured, and excluded employee business expenses. Yes, Ramirez was eventually caught and ordered from further practice. But his story and taxpayer exploitation is, unfortunately, a regular phenomenon […]
Flight passengers traveling from France now subject to plane ticket tax
France is rolling out new requirements for travelers who want to visit the country. A “solidarity tax” has been added to commercial flight tickets for planes departing from French airports. According to the French government's public services website, the tax hike comes into effect on March 1, with around $8 being picked up for economic […]
Protect yourself and your tax refund from scams
Tax season is on top of us, and while many of you are ready to file your revenue, it is important to be aware of the ever-evolving world of tax fraud. This year, it's more important than ever to be informed and unsupervised. New research by McAfee, a Cybersecurity companysheds light on how common these […]
Trump's plans to slash IRS staff could derail agency amid tax season
The IRS is preparing to remove half of its employees. two Media reporting– Some of the Trump administration's blitz reduced the size and scope of the federal government in its first 100 days of inauguration. The potential cuts represent a 180-degree course revision for national tax collectors from substantial funding and operational overhauls that the […]
Trump Treasury confirms its eyeing IRS for ‘streamlining’ shake-up as tax season heats up
Fox News Digital learned Wednesday while the Trump administration's Treasury department is squeezing the “wide range” possibilities that could streamline the Internal Revenue Service as reporting up to half of IRS staff could end. “In line with the Trump administration's focus on efficiency and reducing deficits, the Treasury Department is considering a wide range of […]