Articles

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Warren Named to Senate Finance; Will Push for Wealth Tax
A fierce and powerful Democrat will be joining one of the Senate’s most powerful committees. Read More.
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Op-Ed: New York continues to move tax rates in the wrongdirection
If, as the saying goes, the definition of insanity is doing the same thing over and over again and expecting different results, then mark New York’s state government down as insane. Read More.
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Washington state eyes ‘billionaire tax’ on the ultra rich
OLYMPIA, Wash. (AP) — Washington state’s richest residents — including Jeff Bezos and Bill Gates — would pay a wealth tax on some financial assets under a bill proposed by a lawmaker who says she is seeking a fair tax code at a time when so many people are struggling due to the pandemic. Read More.
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The Chairman’s Report February 5, 2021
The national minimum wage was first mandated by the Fair Labor Standards Act in 1938. This federal law provided for not only the minimum wage but also overtime pay. Read More.
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Bill to create sales tax and remove property or sales tax returns
The ballot referral, if passed, could leave huge hole in budgets Read More.
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Senator on Panel that Oversees IRS asks Tax Agency to Strip Conservative Group of Nonprofit Status Over COVID-19 “Superspreader” Events
Reminiscent of the Obama Internal Revenue Service’s (IRS) witch hunt of conservative groups, a U.S. Senator who sits on the committee that oversees the tax agency is pushing it to revoke a student charity’s nonprofit status. Read More.
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Time Is Ticking: Changes to California’s Parent-Child PropertyTax Reassessment Exclusion Take Effect February 15
California voters approved Proposition 19 in November 2020, which updates California’s long-standing property tax reassessment rules. There are two major provisions of Prop 19: Read More.
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Time Is Ticking: Changes to California’s Parent-Child Property Tax Reassessment Exclusion Take Effect February 15
California voters approved Proposition 19 in November 2020, which updates California’s long-standing property tax reassessment rules. There are two major provisions of Prop 19: Read More.
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Biden stimulus may be Democrat-only despite cordial GOP meeting
President Joe Biden and congressional Democrats signaled they’re intent on a large pandemic relief bill, potentially without Republican support, even after a White House meeting with GOP senators on Monday that both sides described as productive. Read More.
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Biden’s promised $1,400 checks are even dividing the White House
Even within President Joe Biden’s White House, there’s debate about how to meet his promise to issue Americans another $1,400 each in stimulus checks. Read More.
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Trading In GameStop? Make Sure You Understand The Tax Bite Before It’s Too Late
The biggest story on Wall Street this week hasn’t been the challenging employment numbers or disappointing corporate earnings. Read More.
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The Chairman’s Report January 29, 2021
To those of us who don’t live in the D.C. area and profit from the income tax system, it is hard to find much to like about the federal income tax. People correctly complain: Read More.
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Outlook for 2021 taxes is full of uncertainties
The year ahead will be full of tax uncertainties in the U.S. and internationally, ranging from digital taxes and carbon taxes to possible tax hikes under the Biden administration. Read More.
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FLASHBACK: Biden Promised Not to Raise Taxes. Is That About to Change?
President Joe Biden promised over and over again on the 2020 campaign trail that he would not raise taxes on any American making less than $400,000 per year. Read More.
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Democrats reintroduce $15 minimum wage bill
Democrats in both chambers of Congress on Tuesday reintroduced a bill to raise the federal minimum wage for the first time since 2009, setting a $15 an hour target by 2025. Read More.

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