Trump admin to go after pensions, wages and tax returns to claw back student loan debt
WASHINGTON – The Trump administration announced Tuesday that it will chase pensions of people who seized wages and refuse to pay back federal student loans that defaulted. “The government can collect defaults on federal student loan obligations by withholding money from borrowers, tax refunds, federal pensions and even wages. The education department had announced a […]
Middle-class Americans thrived under Trump’s tax cuts. Here’s the proof.
As the fiscal cliff approaches in 2025, key provisions in the Tax Cuts and Employment Act are set to expire. If Congress doesn’t act, the biggest blows will not be billionaires or Wall Street elites. It was workers and middle class Americans who received the hammer. For years, the left has pushed the false narrative […]
‘Please don’t tax the rich’
Talk about the main targets. Several Seattle Street pedestrians were surprised last week when they weren’t told by the regular “walk” or “wait” command, but instead appeared to hear Jeff Bezos beg the rich not to tax them. At least six crossings across Washington City appeared to be hacked in the message. This appeared to […]
6 Big Tech Giants Dodged $278 Billion in Corporate Tax over Last Decade
The world’s largest technology company known as “Silicon 6” has paid nearly $278 billion in corporate income tax over the past decade than expected based on the average statutory tax rate for US companies, according to a new report by the Fair Tax Foundation (FTF). TechSpot Report Recent analysis conducted by Fair Tax Foundation (FTF) […]
GOP push to make Trump’s 2017 tax cuts permanent
Tax season will take place. And this year, Congressional Republicans have turned the tax season into a “selling” season. Republicans and President Donald Trump are pushing for approval of a bill that reapproves the 2017 tax cut package. Otherwise, these taxes will expire later this year. “We absolutely have to make tax cuts permanent,” says […]
Pence undercuts Trump on potential tax hikes in the ‘big, beautiful bill’
Exclusive: Former Vice President Mike Pence has urged House Republicans to stick to hiking take on the country’s top operators as Fox News Digital says the White House is floating on a billionaire tax hike proposal. American Freedom (AAF), a conservative policy advocacy group launched in 2021, is home to Jason Smith, R-Mo, chairman of […]
'If You Paid $1 In Federal Income Taxes, You Paid More' Than Tesla Or Amazon, Says Bernie Sanders As He Takes On Billionaires For Tax Inequities – Yahoo Finance
Senator Bernie Sanders (I-Vt) highlighted tax inequality for large corporations and billionaires, and the need for wealth tax reform. what happened: On Tuesday, Sanders posted X a list of several major companies and billionaires with fewer federal income taxes than individuals who paid just a dollar. Included in the list Tesla Inc. (NASDAQ: TSLA), Amazon […]
Trump Proposes Sweeping IRS Tax Exemption Overhaul!
President Trump proposed a broader crackdown on tax-exempt organizations on Thursday after his administration instructed the Internal Revenue Service (IRS) to revoke Harvard’s tax-exempt status earlier this week. “Tax-exempt status, that’s a privilege. It’s a privilege. And it’s an abuse. Far more than Harvard,” Trump stated to reporters in the Oval Office, singling out Harvard, […]
IRS' free tax filing program is at risk amid Trump scrutiny – CNBC
Vithun Khamsong |Moment |Getty Images The IRS’ free tax return program is at risk as it faces ongoing cuts from the Trump administration. After the limited pilot launch in 2024, the programme, Direct fileexpanding to more than 30 million taxpayers across 25 states towards the 2025 filing season. Funded in 2022 under the Inflation Reduction […]
Republicans Weigh Tax Hikes For The Rich In Trump’s ‘Big Beautiful’ Budget Bill
Congressional Republicans are weighing tax increases for the wealthy as President Donald Trump has taken a dramatic break from decades of GOP tax orthodoxy, taking a dramatic break from GOP tax orthodoxy. The talks are still in the early stages, and lawmakers are reportedly warning that the tax hike may not become the final bill. […]