Yellen, Senate GOP spar over Biden tax plan
Treasury Secretary Janet Yellen on Thursday touted President Biden’s budget proposal, which includes higher taxes on wealthy Americans and an expansion of the child tax credit. During a Senate Finance Committee hearing on the president’s budget proposal, Yellen also said the Biden administration “continues to oppose misguided proposals that would widen the budget deficit by […]
IRS agent accused of filing false tax returns for three years: DOJ
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Trump allies eye changes to IRA tax credit rules – The Hill
The Democratic-only IRA included a series of: Tax credits for climate-friendly energy sources and electric vehicles As part of efforts to combat climate change. It also includes grants to support climate change and pollution reduction projects, and a program to punish oil and gas companies for leaking methane, which causes global warming. The law has […]
Trump allies eye changes to IRA tax credit rules
The Democratic-only IRA included a series of: Tax credits for climate-friendly energy sources and electric vehicles As part of efforts to combat climate change. It also includes grants to support climate change and pollution reduction projects, and a program to punish oil and gas companies for leaking methane, which causes global warming. The law has […]
Why you need an Identity Protection PIN this tax season
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Electric vehicle tax credits help China
Are Chinese automakers benefiting from Inflation Control Act tax credits for new electric vehicle purchases? Deputy Treasurer Wally Adeyemo said no. “What we’re seeing so far is that the companies using this technology are American companies making the investments necessary to build the cars of the future, which are electric cars. ” Adeyemo said. He […]
NYC pols urge Albany to OK tax break for ‘green’ mandate that could cost co-op, condo owners $20K
New York City Council members, feeling the ire of thousands of co-op and condominium owners, are pushing the state to approve tax breaks over new “green” mandates that could cost more than $20,000 per unit. I’m asking the police. In fact, in 2019, the City Council approved the Climate Change Emissions Act, which requires residential […]
Progressives aim to sock New Yorkers with yet more tax hikes
Progressives in Albany are pushing another huge state tax hike this year, but New York’s brutal tax rates are already driving taxpayers (and job creators) away and steadily eroding the tax base. I don’t even care about that. Both the state Senate and Assembly included a significant $2.2 billion increase in their responses to Governor […]
Netflix Pays Its Top Executives Nearly 3x More Than Its Federal Tax Bill
A new investigation into the nation’s most egregious corporate “tax evaders” reveals that left-wing streamer Netflix pays its executives more money than it does in federal taxes. But it’s not just Netflix. Americans for Tax Fairness and Policy Research Institute found In at least two of the five years studied, from 2018 to 2022, 35 […]
How scammers use AI tools to file perfect-looking tax returns in your name
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