‘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 […]
Warren Buffett predicts feds will raise taxes to get massive fiscal deficit under control
Warren Buffett predicted that the federal government would raise taxes to rein in US deficit spending. “I think there’s a good chance of a tax increase,” the billionaire investor said Saturday at Berkshire Hathaway’s annual shareholder meeting in Omaha. “They may decide at some point that they don’t want the budget deficit to be this […]
Buffett predicts higher taxes due to rising deficit
Treasury Secretary Janet Yellen talks about the Biden budget, the US dollar, and FinCEN in an exclusive interview with FOX Business. billionaire warren buffett Rather than cutting spending, the federal government believes it will increase taxes in the future to address the growing budget deficit. “I think a tax increase is likely,” Buffett said Saturday. […]
Steve-O leaves California for Tennessee, celebrates no taxes
Stuntman and “Jackass” star Steve-O is leaving the Hollywood hills after more than a decade, opting for more land and less taxes in Tennessee. The former TV star turned stand-up comedian moved his family, animals, and even his skateboard to his new, expansive property and adopted them to a ranch in the South, where he […]
Bill Romanowski Declares Bankruptcy, Allegedly Owes The IRS $15.5 Million In Unpaid Taxes: REPORT
Taxes … they’re something that can break a man. Example A: NFL legend Bill Romanowski filed for bankruptcy Monday and allegedly owes the IRS a whopping $15.5 million in back taxes, according to court records obtained by USA Today. Romanowski and his wife, Julie, are reportedly being hit with accusations from the federal government that […]