Trump vows to cut business tax rate to 15%, create government efficiency commission led by Elon Musk
NEW YORK CITY — Former President Donald Trump delivered a major economic speech in New York City on Thursday, announcing plans to cut the corporate tax rate to 15% and create a “Government Efficiency Commission” led by Elon Musk, while vowing to “make America a richer and stronger country” if elected president in November. President […]
Hunter Biden To Plead Guilty In $1.4M Federal Tax Evasion Trial
Hunter Biden (center), son of U.S. President Joe Biden, appears in court to stand trial for tax evasion in Los Angeles, California, on September 5, 2024. Biden's son is being summoned to federal court for allegedly plotting over four years to evade $1.4 million in taxes. Six misdemeanor and three felony counts of tax evasion […]
Mark Cuban Claims Kamala Harris Is ‘Going Center’ With Tax Proposals
“Shark Tank” star Mark Cuban spoke to CNBC in a phone interview Thursday, citing Vice President Kamala Harris' recent campaign proposals on tax policy and asserting that she is a moderate. Harris unveiled tax policy proposals during a speech in New Hampshire on Wednesday, including scaling back the capital gains tax increase, CNN reported. ReportedCuban, […]
Hunter Biden’s tax evasion trial to kick off in Los Angeles
For the second time in three months, Hunter Biden is on trial on federal charges, this time for allegedly evading $1.4 million in taxes while squandering his money on strippers and pornography. The eldest son, who has already been convicted, is scheduled to appear in Los Angeles federal court on Thursday for jury selection in […]
Hunter Biden’s criminal tax trial begins with jury selection in California
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Harris campaign surrogate Ro Khanna nudges VP against backing tax on unrealized capital gains
That's no good for Ro. Progressive Rep. Ro Khanna, D-Calif., on Wednesday warned Vice President Harris that she should not pursue a tax on unrealized capital gains, despite her opposition. Signaling Support President Biden's fiscal year 2025 budget proposal would do just that. “Let's say you're an entrepreneur and you start a company and it's […]
Harris proposes lower capital gains tax increase than Biden
Vice President Harris on Wednesday signaled a policy difference with President Biden, calling for a lower capital gains tax increase than Biden had proposed. During a campaign speech in New Hampshire, Harris said she wants to raise capital gains taxes on people earning more than $1 million from the current effective rate of 23.6 percent […]
‘Not The Right Way To Do It:’ Harris Surrogate Trashes Tax Proposal She Supports On CNBC
Democratic Rep. Ro Khanna of California slammed a proposal backed by Vice President Kamala Harris to tax unrealized capital gains during an appearance on CNBC on Wednesday. Harris supports a 25% tax rate on unrealized capital gains over $100 million, which is similar to a proposal made by Biden at the White House on March […]
Harris unveils new tax proposals for small businesses
Vice President Kamala Harris on Tuesday unveiled a new tax plan for small businesses that she plans to unveil during a campaign speech in New Hampshire on Wednesday. The proposal seeks to increase the federal small business tax credit tenfold, from $5,000 to $50,000, which the campaign suggests would help alleviate the burden of the […]
Kamala Harris Proposes A Small Business Tax Break House Republicans Passed and Trump Supported Six Years Ago
Rep. Kamala Harris this week reached out to new Republican policy proposals, calling for small business tax cuts that were rejected by nearly all Democrats six years ago and supported by all House Republicans. According to a description of the proposal, Harris proposes expanding the tax credit for small business start-up expenses from $5,000 to […]