$10,000 Tax Bonus Should Be Handed To Struggling American Workers Every Year, Says JPMorgan Chase CEO – The Daily Hodl
JPMorgan Chase CEO Jamie Dimon said he supports changes to the tax code that would give working Americans and their families more relief from the IRS. In a new interview with PBS NewsHour, Dimon said: say The Earned Income Tax Credit (EITC) should be expanded to cover all low- and moderate-income workers, regardless of whether […]
Economists pour cold water on Harris’ new tax proposal for small businesses
Conservative economists are pouring cold water on a new proposal aimed at lowering the costs of starting a new small business as part of Vice President Kamala Harris' “opportunity economy” economic agenda. Vice President Harris announced new small business tax proposals last week aimed at easing the costs associated with starting a new business, including […]
WATCH: IRS has recovered $1.3 billion in unpaid taxes from wealthy tax dodgers, Yellen says – PBS NewsHour
WASHINGTON (AP) — The IRS has collected $1.3 billion from wealthy tax evaders since last fall, the agency announced Friday, thanks to spending that has boosted collection enforcement through President Joe Biden's signature climate, health care and tax package signed into law for 2022. Treasury Secretary Janet Yellen and IRS Commissioner Danny Wuerfel traveled to […]
Stocks sink after jobs miss, Trump-Harris tax plans, home retailer closing all stores
Former U.S. International Trade Commission Chairman Peter Morici talks about labor immigration and former President Trump's corporate tax rate plans. U.S. employment grew in August, but not as much as economists expected. Stocks fell throughout the week, as investors got off to a rocky start to September ahead of the Federal Reserve meeting later this […]
Hunter Biden Pleads Guilty To Tax Charges
Hunter Biden pleaded guilty to federal tax charges in California on Thursday afternoon, according to multiple reports. The president's son pleaded guilty to six misdemeanor and three felony charges for failing to pay at least $1.4 million in taxes and filing false tax documents. According to He told CNN that U.S. District Judge Mark Scarci […]
She Supports Increasing Capital Gains Tax by Less than Biden ‘To Better Incentivize’ Investment
On Thursday's “CNN This Morning” broadcast, Ian Sams, senior national spokesman for the Harris-Waltz campaign, said Vice President Kamala Harris, a potential 2024 Democratic presidential candidate, supports a smaller increase in capital gains tax rates than President Joe Biden, “to better encourage the entrepreneurial investment that we want to see in this country to help […]
'A temporary fix': Could property tax relief be on the way for Ohio homeowners? – WKRC TV Cincinnati
CINCINNATI (WKRC) – A group of local elected leaders called on Ohio lawmakers Thursday to take action to help families dealing with skyrocketing property taxes. State lawmakers are proposing changes to expand eligibility for property tax relief, starting with amending the home exemption program to include anyone aged 65 or older, rather than just those […]
Kamala’s Capital Gains Tax Plan Would ‘Kill the Stock Market’
Billionaire investor Mark Cuban warned Thursday on CNBC's “Squawk Box” that Vice President Kamala Harris' capital gains tax plan would “destroy the stock market.” “What I told them was that if we taxed unrealized gains, it would crash the stock market and it would be the ultimate jobs plan for private equity because companies wouldn't […]
CNN host spars with GOP rep over Trump tariffs, Harris corporate tax hike
In an interview on Thursday, CNN host Sara Sydnor debated Rep. Mike Lawler (R-New York) about former President Trump's plans to increase tariffs and Vice President Harris' plan to increase corporate taxes. In a heated exchange, Lawler vigorously defended Trump's tariffs and slammed Harris' plan to raise the corporate tax rate from 21% to 28%, […]
Hunter Biden Pleads Guilty To All Federal Tax Charges In $1.4M Federal Tax Evasion Trial
Hunter Biden, son of US President Joe Biden, appears in court to stand trial for tax evasion in Los Angeles, California, on September 5, 2024. Hunter Biden offered to plead guilty in his tax evasion trial on Thursday as jury selection was about to begin in the case that has been an embarrassment and distraction […]