Economy on the upswing, Trump’s tax cuts a big driver
President-elect Donald Trump has nominated Key Square founder Scott Bessent to be Secretary of the Treasury. As President-elect Donald Trump prepares to take back the White House in January, the National Association for Business Economics (NABE) is taking a more optimistic view of the U.S. economic outlook. NABE Chairman Emily Kolinsky Morris, Ford Motor Company's […]
Ex-Eagles Running Back Charged with Tax Fraud, COVID Relief Theft
Former Philadelphia Eagles running back Wendell Smallwood Jr. has been indicted by federal authorities on charges of tax evasion and theft of COVID-19 relief funds. Prosecutors in the Delaware District Court case allege that Smallwood fraudulently applied for COVID-19 relief funds related to multiple businesses he owned. Federal authorities also allege that he conspired with […]
5 obstacles Republicans will face on the road to tax cuts
Republicans face tough decisions over the tax cuts they want as one of Congress' top priorities, some of which have dogged the conference for years. Republicans broadly support President-elect Trump's updates to key parts of the 2017 Tax Cuts and Jobs Act, but they are divided on other details. Disagreements over limits on state and […]
Trump’s cut to Biden’s EV tax credit, backed by Musk, may impact auto industry, experts say
President-elect Trump is reportedly considering rolling back the Biden administration's credibility for electric vehicles, a move that experts say will have mixed effects on the auto industry as a whole. President Biden has implemented tax credits of up to $7,500 to encourage the purchase of environmentally friendly vehicles. But sources told Reuters that President Trump […]
Lobbying World: S-3 launches tax practice
S-3 group The United States is rolling out a new tax package as Congressional Republicans push for a massive tax cut within President Trump's first 100 days in office. marty riser, Simmy Stein, Malloy McDaniel and kevin casey I will lead the tax practice. Mr. Riser is a former policy director for House Minority Leader […]
DOGE could create a mobile app for tax filing: report
The Department of Government Efficiency (DOGE), which President-elect Trump has directed from Elon Musk and Vivek Ramaswamy, is reportedly considering developing a mobile app to make it easier for taxpayers to file their returns for free. are. DOGE may develop an app that taxpayers can use to file their taxes more seamlessly, the Washington Post […]
Small businesses urge on tax deductions after GOP wins
Small business owners could face a major tax increase at the end of 2025, and are seeking tax relief from the newly elected Congress and government. As part of the Tax Cuts and Jobs Act (TCJA) of 2017, small business owners were allowed to deduct up to 20% of their income to cover costs. The […]
How Trump and Republicans could pay for new tax cuts
President-elect Trump and Republican lawmakers will face pressure to find a way to cover the cost as they prepare to pass a massive tax cut bill through Congress next year. While Mr. Trump and many of his Republican colleagues argue that carefully crafted tax cuts will pay for themselves, a vocal group of fiscal hawks […]
Goldman Sachs: Trump tax cuts, deregulation will boost growth; tariffs could be a drag
Consumer Technology Association CEO Gary Shapiro talks about how tariffs will affect laptop prices on The Claman Countdown. goldman sachs Last week, U.S. and global economic forecasts predicting the impact of President-elect Trump's victory on the economy in 2025 showed that tax cuts planned by the incoming administration would boost growth, but more aggressive tariffs […]
Chicago Residents Slam Mayor Johnson for Tax Hike Proposal to Pay for Migrant Crisis
Frustrated Chicagoans called out disgraced Mayor Brandon Johnson at a City Council meeting for proposing a $300 million property tax hike to cover rising costs to address the city's immigration crisis. (Democratic Party). Black Republican voters confronted Johnson at a meeting last week, calling him a “criminal,” “bully” and “loser.” Mr. Johnson is a label […]