Trump floated replacing income tax with tariffs: GOP Rep Thomas Massie
Former President Donald Trump on Thursday floated the idea of repealing the income tax and replacing it with tariffs as the government’s main source of revenue, according to Republican lawmakers. The proposal was made as Trump, 77, the presumptive Republican presidential nominee, held a jokey “pep talk” with Republican lawmakers on Capitol Hill for his […]
Trump reportedly floats idea of abolishing income tax
Former President Donald Trump had floated the idea of abolishing income taxes and relying instead on tariffs, Republican Reps. Thomas Massie (R-Ky.) and Marjorie Taylor Greene (R-Georgia) suggested in a post on X. “The most interesting policy idea coming out of this morning’s Republican meeting at the Capitol Hill Club was when Trump briefly floated […]
Trump floats cutting corporate tax rate in meeting with CEOs
Former President Trump proposed further cuts to corporate tax rates at a business roundtable event on Thursday with some of the country’s most influential corporate executives, according to attendees. Shortly after the former president’s presentation, White House Chief of Staff Jeff Zients also gave an interview before the CEOs. The Business Roundtable reported last week […]
Foreigners are frantic about Thai income tax blurs – Pattaya Mail
Many retired expats believe that income tax clarification is already overdue. editorial The Thai government expects the Revenue Department to collect an additional 100 billion baht to fund the digital wallet distribution plan. This clarifies why, from 1 January 2024, taxable foreign income remitted to Thailand by tax residents (Thais or foreigners residing in Thailand […]
N.J. tax preparer who created phony returns to collect $4.49M is sent to prison – NJ.com
An Essex County tax preparer has pleaded guilty to illegally collecting $4.49 million in tax refunds and been sentenced to nearly five years in prison, U.S. Attorney Philip R. Selinger announced Wednesday. Omar Kartel, 33, of Fairfield, was sentenced to 57 months in prison after pleading guilty Jan. 23 to conspiracy to commit wire fraud […]
Biden voters tell CBS reporter they’re ready to support Trump after he makes unique tax proposal: ‘Would change their vote’
A CBS News reporter spoke to a group of Biden supporters in battleground states who may be persuaded to support Donald Trump in the 2024 election. Speaking at a campaign rally in Nevada on Sunday, President Trump promised supporters that one of the first things he would do if re-elected would be to repeal the […]
What Makes Biden and Yellen’s “Global Minimum Tax” Push So Hypocritical
Joe and Janet the robber barons Imagine if oil companies got together and agreed to charge consumers no less than $3.50 per gallon for gas. Let’s call it a “global minimum price.” How long—in minutes—do you think it would take for the news media to cry foul and for the Justice Department to file an […]
White House hits GOP over reported corporate tax cut preparations
The White House on Monday pounced on reports that Republicans in Congress are preparing to extend tax cuts from the first Trump administration and slash corporate tax rates if Republicans win control of the White House and Congress in November. In a memo from Deputy Press Secretary Andrew Bates, the White House said: Washington Post […]
JONATHAN WILLIAMS And LEE SCHALK: Biden’s Pledge To Let Trump’s Tax Cuts Die Has Stirred Up A Hornet’s Nest
Calls for higher taxes are a pillar of President Joe Biden’s re-election campaign, as he pledges to allow the popular Tax Cuts and Jobs of Act (TCJA) of 2017 to expire at the end of 2025. “That tax cut is going to expire,” President Biden recently tweeted. “If I’m reelected, it’s going to stay expired.” (RELATED: […]
Trump tells hospitality workers to bet on tip tax break at first post-conviction rally in Vegas
LAS VEGAS — Donald Trump promised major relief for hospitality industry workers at his first rally since his conviction in Nevada on Sunday and vowed to eliminate taxes on employee tips if re-elected. “When I take office, I’m not going to tax tips or people who give tips,” the 77-year-old Trump, a former Republican president […]