Trump’s populist 'mandate' could disrupt business tax reform wish list
Congress and the Republican Party have changed since then-President Trump and the Republican Party enacted the Tax Cuts and Jobs Act of 2017. House Speaker Mike Johnson (R-Louisiana) and Republican leaders are scrambling to deliver a follow-up to the first 100 days of the Trump administration, but they are struggling with campaign promises and demands […]
These parts of Trump's tax cut law expire in 2026
The Tax Cuts and Jobs Act of 2017 (TCJA) limited the impact of the bill's widening budget deficits by permanently reducing corporate and business taxes and temporarily reducing personal taxes. Over $36 trillion. With Republicans now expected to control both chambers of Congress and the White House, they will be able to implement Act 2 […]
Judge in Hunter Biden tax case rebukes president’s claims of unfair treatment
The federal judge overseeing Hunter Biden's tax case slammed the president's claims that his son was unfairly prosecuted in a new court filing Tuesday night. U.S. District Judge Mark Scalsi said: President Biden's statement Announcing full and unconditional pardon for son “in tension with case record” in Hunter Biden's California legal proceedings. “No reasonable person […]
Thune lays out plan for separate border and tax reconciliation bills
Incoming Senate Majority Leader John Thune (R.S.D.) said at Tuesday's Senate Republican Dinner that Congress would first embark on a budget reconciliation package focused on border security and defense next year and then act on it. He presented an ambitious plan to do so. They reached an agreement this year on a second round of […]
Hospital group launches ad campaign for disaster relief tax credits
A major hospital trade group this week launched a six-figure ad campaign asking Congress to extend disaster relief tax credits to help hospitals recover from Hurricanes Helen and Milton. The Federation of American Hospitals (FAH) said Tuesday that assistance is needed to help employers in affected areas rebuild and provide incentives to retain or bring […]
Elon Musk, Vivek Ramaswamy uncover SHOCKING uses of US tax dollars
Department of Government Efficiency co-heads Elon Musk and Vivek Ramaswamy have vowed to cut down on government … source
Senate Democrat: California will use tax dollars to help migrants facing Trump 'threats'
Sen. Alex Padilla (D-Calif.) said California is giving taxpayer dollars to immigrants who need “legal aid, legal advice, legal assistance” due to “threats” under President-elect Trump's administration. He said he was prepared to use tax money. “If the first Trump administration is any indication, we know that there continues to be a lot of fear […]
5 key players in the fight over Trump tax cuts
President-elect Trump and the Republican Party have spent years strengthening their signature 2017 tax law and setting the stage for even more sweeping changes to the tax code. After sweeping the White House and Congress, his chance finally arrived. President Trump and Congressional Republicans aim to extend the 2017 cut in personal income tax rates, […]
GOP's small majority adds to challenge of tax reform
House Republicans enter the new Congress with a set of lofty tax reform goals, but their ambitious agenda is made more difficult by their narrow majority. Republicans have been on track to maintain a single-digit seat margin starting in January, but that gap is expected to narrow further as some members leave the House to […]
Magic can't save 'Harry Potter' star Rupert Grint from a $2.3 million tax bill – 9News.com KUSA
Mr Grint was ordered to pay the money back in 2019 after the UK tax authorities said he had incorrectly classified the remaining £4.5 million as a capital asset rather than income. LONDON, UK – Former “Harry Potter” movie actor Rupert Grint is facing a bill of 1.8 million pounds ($2.3 million) after losing a […]