Business fumes as Democrats blast GOP for blocking corporate tax credits
Senate Democrats say Senate Republicans are blocking an expansion of the child tax credit and a package of corporate tax credits, despite business groups’ urging to pass the bills, because they want to thwart President Biden’s legislative victories five months before Election Day. It is the second time this year that a rift has emerged […]
Trump Leaves $500 Tip at Restaurant in Philadelphia: ‘No Tax on Tips!’
Former President Donald Trump left a $500 tip at a restaurant in Philadelphia, Pennsylvania, and wrote on the check, “Vote for Trump and there will be no tax on my tip.” in video The photo, shared with X by Margo Martin, Trump’s deputy communications director, shows President Trump writing “there is no tax on tips” […]
Knicks must pay luxury tax toll if they want to keep team together
There will come a point during your trip where you will have to pay a toll. You can avoid it with back roads and creative mapmaking, but ultimately, you can’t cross any body of water without firing up your E-ZPass. Or turn around. Knicks president Leon Rose Corey Shipkin (NY Post) That’s the situation the […]
No tax on tips! | Blaze Media
Charles Lipson Donald Trump is a showman and a master marketer, and he’s put those skills to good use again with his proposal to repeal the tip tax. It’s not just clever, it’s brilliant. After the cheers from waiters and other service workers died down, political analysts weighed in. Here’s what they concluded: This is […]
Over 200 Arrested in Kenya Protests Against Tax Increases
Police in Nairobi, Kenya, said on Tuesday they had arrested more than 200 people protesting against tax increases proposed in a finance bill. Protest organizers vowed to press ahead despite the arrests, and indeed demonstrations continued in Nairobi and other cities, with police escalating their use of tear gas and water cannons on Thursday. The […]
Mike Pence group kicks off $10M campaign to keep Trump tax cuts
Former Vice President Mike Pence’s conservative advocacy group on Thursday launched a $10 million education campaign urging lawmakers to preserve tax cuts passed in 2017 under former President Donald Trump. Release to Promote American Freedom Policy Memo On Thursday, he called on lawmakers and the voters who elect them to preserve the Tax Cuts and […]
I.R.S. Extends Freeze of Pandemic-Era Tax Credit Amid Widespread Fraud – The New York Times
The Internal Revenue Service is expanding efforts to crack down on fraud in pandemic-era tax credit programs following an internal analysis that found a large proportion of outstanding claims were improper. The IRS said Thursday it was extending a freeze on new claims for the Employee Retention Tax Credit, which was created at the height […]
Pence group launches $10 million effort to preserve Trump tax cuts
Former Vice President Mike Pence’s political advocacy group has launched a $10 million campaign to extend Trump-era tax cuts that expire next year and are expected to play a key role in the 2024 election. Advancing American Freedom on Thursday announced plans for a “nationwide grassroots education campaign” to defend the Tax Cuts and Jobs […]
Wisconsin Dem in tough re-election battle blasted same tax loopholes her partner takes advantage of: report
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IRS to close ‘major’ tax loophole
The IRS and Treasury Department on Monday announced plans to eliminate major tax loopholes exploited by wealthy taxpayers, a move that is expected to raise as much as $50 billion over the next decade. The plan targets so-called “partnership basis shifting,” transactions that allow companies or individuals to increase deductions and minimize liabilities by operating […]