Articles

The new 1% excise tax on corporate stock buybacks — a late addition to President Joe Biden’s sweeping tax, health and climate package — adds a new levy to the controversial practice. Read More.

One of the most conspicuous parts of the tax-and-spending package known as the Inflation Reduction Act is vastly expanded funding for the Internal Revenue Service. Read More.

A vulnerable House Democrat in Texas double dipped on a property tax exemption for at least eight years. Read More.

The Grassroots Corner - Week Beginning 8/22/22: “Greene comes out in support of FAIRtax” Read More.

Temporary holidays on state sales taxes fail to offer the meaningful tax relief that struggling families need, and they undermine funding for education, infrastructure, and other public services, says Marco Guzman of the Institute on Taxation and Economic Policy. Read More.

With the stroke of a pen on Tuesday, President Biden made a long list of vehicles ineligible for the federal electric car tax credit. Read More.

As inflation takes its toll, the state is working to distribute up to $300 in tax refunds to Hawaii taxpayers. Read More.

In 2021, the “confidential” tax returns of thousands of wealthy taxpayers were leaked and made available by propublica.org. While there was some public outcry, many of the more liberal pundits and liberal media outlets actually applauded the leak. Read More.

Nancy Pelosi’s hand-picked chair of the tax-writing Ways & Means Committee is liberal Richard Neal of Massachusetts. He made headlines last week by telling Bloomberg News that he would seek to raise both corporate and individual income-tax rates should Democrats keep the House. Read More.

Electric vehicle shoppers hoping to get a tax credit from the government after President Joe Biden signs the Inflation Reduction Act into law might find fewer vehicles that qualify. Read More.

Gov. Brian Kemp proposed a combined $2 billion in tax rebates Thursday that could return about $1,000 to taxpayers if approved by state lawmakers early next year. Read More.

U.S. automakers and dealers are scrambling to figure out if they can still offer $7,500 tax credits to would-be buyers of electric vehicles (EVs), as Congress prepares for final votes today on a bill that includes a top-to-bottom overhaul of Washington's clean vehicle policies. Read More.

After fighting to repeal the $10,000 limit on the federal deduction for state and local taxes, known as SALT, a group of House Democrats say they will still vote for the party’s spending package without SALT reform. Read More.

Democratic Rep. Richard Neal of Massachusetts suggested that the House would increase tax rates if his party remains in power following the upcoming midterm elections this fall, according to a congressional reporter. Read More.

The Grassroots Corner - Week Beginning 8/15/22: “Meet candidate and pledge signer Tina Forte” Read More.