BRAD WEISENSTEIN: Illinois Shows Americans How Bad Taxes Can Get
Hope in Illinois is sort of like one of those trick birthday candles: just when you think it’s been extinguished, it sparks and comes alive again and again. That was certainly the feeling as the Illinois General Assembly finished with the fiscal year 2025 budget. Hope. Dead. Hope. Dead. Hope. Dead. Gov. J.B. Pritzker in […]
Biden’s IRS is using scare taxes to discourage legitimate tax strategies
IRS (Internal Revenue Service) Continues to issue press releases containing selective or misleading data It casts a long shadow of doubt on a perfectly legal tax-cutting strategy: Why would the IRS continue to do it? The IRS’s intention is clear: to scare taxpayers, especially high-income taxpayers, into paying more tax than they need to. Don’t […]
We live in America, pay your taxes, Hunter Biden: Rebecca Rose Woodland
NY trial attorney Rebecca Rose Woodland joins ‘Cavuto Live’ to discuss Hunter Biden’s gun trial set to start on June 3, while his … source
More Americans will be able to file their taxes for free through the IRS next year – CNBC
“The Treasury Department and the IRS look forward to working with states to expand direct tax return filing to Americans across the country,” Treasury Secretary Janet Yellen said in a statement. In 2024, filers in 12 states who have “simple” tax situations, such as making less than $200,000 a year from W-2 income alone, Try […]
‘We Raised Your Taxes $1 Billion Just to Spend on Migrants’
Illinois just passed the largest tax increase in state history, imposing about $1 billion in new taxes on a $53 billion budget, but the state is spending nearly that much on immigration alone. The tax hike irked Republican state Sen. Dan McConchie, who noted that nearly all of the tax increase would go toward Joe […]
Wealthiest pay highest taxes despite claims to contrary, new congressional analysis finds
The ultra-wealthy are paying the highest average share of taxes, according to a new analysis from a nonpartisan congressional committee. The Joint Committee on Taxation found that the top 1% of earners pay an average tax rate of around 30% in combined income, employment, and excise taxes, double or more than the share of taxes […]
California Gov. Newsom’s budget could cost businesses billions in higher taxes
See what’s being clicked on FoxBusiness.com California Governor Gavin Newsom’s budget proposal to help close the state’s ballooning $45 billion deficit includes: tax increase About workers and companies. “I don’t think there’s a need right now to raise general taxes in the state and put additional burdens on workers and competitiveness. I don’t think there’s […]
Yellen on Calling Trump Tariffs ‘Taxes on Consumers’: Biden’s Are ‘Targeted’
Treasury Secretary Janet Yellen predicted on Tuesday’s “PBS News Hour” that President Joe Biden’s tariffs would not cause meaningful price increases for households, saying President Trump’s tariffs would be “a tax on consumers.” In response to a question about criticism that President Biden’s tariffs are Tariffs are different because they are “target groups in strategic […]
Newsom budget promises ‘no new taxes’ but $15.2B in cuts against $80B deficit
(The Center Square) – California Gov. Gavin Newsom promised “no new taxes” in his 2024-2025 budget as he announced the state’s shortfall is $7 billion worse than was expected in January, and proposed $15.2 billion in budget cuts against an up to $80 billion deficit. Newsom’s cuts include reducing water storage and reducing the state’s […]
Don’t Let the Senate GOP Leadership Raise Your Taxes
The following content is freedom works. President Joe Biden entered office promising to repeal President Trump’s 2017 Tax Cuts and Jobs Act, a law that spurred U.S. job growth and America’s national competitiveness. During the first two years of the Biden administration, the president could succeed in weakening the law. But today, as Biden ends […]