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Tag: tax

Confused about all the tax changes in the past decade? Just wait – CNN

CNN — If following the law's tax changes is a sport, then 2017 and 2025 could be called the tax Olympics. Recall that in the first year of President-elect Donald Trump's first term, lawmakers defied expectations and passed the largest overhaul of the tax code in more than 30 years. Now, this year, lawmakers will […]

Trump announces creation of new government department to tax other countries

President-elect Donald Trump has announced the creation of a new government department that will require foreign governments to pay tariffs. President Trump called the new department the “Foreign Revenue Service,” after the Internal Revenue Service, which manages federal tax payments from U.S. citizens. “We will start charging those who profit from us in trade and […]

House GOP tax writers call for cuts 'as soon as possible'

Republican tax leaders on Tuesday ramped up pressure on members of other parties to pass tax cuts as a top priority in Congress. “We need to make the Trump tax cuts permanent as soon as possible,” Rep. Jason Smith (R-Missouri), chairman of the Ways and Means Committee, said during the committee's first hearing in the […]

60 Boston Workers Quit After IRS Flags False Tax Data

About 60 employees at a Boston-area bakery and restaurant chain have quit after receiving a warning from the IRS about possible fraud on their tax returns. Tatte Chain said the employees quit after being contacted by the Internal Revenue Service about “discrepancies” in the employees' documents where their names, social security numbers and home addresses […]

The ATF Uses Tax Money to Violate Americans’ Rights

On Monday, Rep. Eric Burleson (R-Missouri) called for the abolition of the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF), arguing that it uses tax dollars to violate the rights of Americans. strengthened his insistence on In his post to I wrote“ATF is using your tax dollars to violate your constitutional rights. Does that sound […]

Koch-backed group unveils $20M campaign highlighting Trump tax cuts

Americans for Prosperity (AFP), a conservative political action committee backed by Charles Koch, has launched a $20 million advertising blitz to support President-elect Trump's Tax Cuts and Jobs Act (TCJA). announced that it would start. According to AFP news agency in a statement On Monday, the administration announced in a nationwide advertising campaign that President […]