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California House Republicans press Newsom to suspend gas tax increase

EXCLUSIVE — A group of House Republicans from California are urging Gov. Gavin Newsom (D-CA) to suspend the state’s annual gas tax increase as residents grapple with the nation’s highest gas prices in the country. In a letter sent to Newsom on Thursday, all 11 House Republicans from California urged Newsom to suspend a pair […]

Hunter Biden tax trial postponed to September

The federal judge presiding over Hunter Biden’s criminal tax trial in California sided with his eldest son’s lawyer and moved the trial from June to September. Judge Mark Scalsi of the U.S. District Court for the Central District of California heard arguments Wednesday at a pretrial hearing after Hunter Biden’s lawyers requested a delay in […]

IRS extends Free File tax program

The IRS tax preparation program, which allows citizens to use certain corporate tax preparation software for free, will be extended through 2029, the agency announced Wednesday. Participating software companies in 2024 include Tax Act, Online Taxes, Tax Hawk, and On-Line Taxes. “Free File remains an important part of the IRS portfolio, allowing taxpayers to file […]

Why Biden’s almost 100% capital gains tax increase would crush the stock market

President Grover Norquist, an American advocate for tax reform, discusses the “key points” of President Biden’s 2025 budget proposal. Many Americans believe that we Divided tax system. One tax table focuses on Americans’ taxation of ordinary income, or income earned from a job or business. Other tax tables focus on Tax long-term capital gainsrefers to […]

Lobbying World: Akin snags former Ways and Means chair ahead of tax fight

Former House Ways and Means Chairman kevin brady (R-Texas) joined. akin As a senior policy consultant and chair of the Tax Drafting Committee, Mr. Brady was instrumental in shaping former President Trump’s signature tax bill, the Tax Cuts and Jobs Act of 2017, which has several provisions set to expire in 2025. played a role. […]

Democrats urge Biden administration to investigate data practices of tax prep companies

Several Democratic lawmakers have called on the Biden administration to ask TurboTax to keep large tax preparation firms private after a recent report found that TurboTax repeatedly pressured tax preparers to share sensitive tax data. They are calling for an investigation into their data practices. Sen. Elizabeth Warren (D-Mass.), Sen. Ron Wyden (D-Ore.), Sen. Richard […]

Labor unions call for repeal of Trump tax cuts

America’s major labor unions say they are tired of President Trump’s tax cuts and want them repealed. Unions including the United Auto Workers (UAW), AFL-CIO, Service Employees International Union (SEIU), Screen Actors Guild of America (SAG-AFTRA), and the National Education Association joined dozens of progressive groups on Tuesday to They sent a letter to Congressional […]