Articles
Here Are The Biggest Winners And Losers In Biden’s Individual Tax Plan
Heirs and hedge fund managers might take a hit, but tens of millions of families and lower-paid young singles will come out ahead with fatter tax credits. Read More.
Biden: 'Trickle-down economics has never worked'
President Biden on Wednesday pitched his plan to hike taxes on the wealthy and corporations, saying “trickle-down economics has never worked.” Read More.
Senators draft energy innovation tax credit proposal
Two members of the Senate Finance Committee released a discussion draft of a bipartisan energy tax credit bill Monday that could represent a path forward for Republicans and Democrats.
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Google battles landmark UK class action over alleged iPhone tracking
Facebook (FB.O) is facing a second London High Court class action over allegations it failed to protect the personal details of about one million people in England and Wales, in the latest lawsuit to spring from a scandal over data harvesting. Read More.
Larry Kudlow: Biden will 'weaponize IRS,' as capital gains boost wrecks workers
FBN host warns federal contractor minimum wage hike would also hurt US military. Read More.
Inflation’s Mixed Basket: 7 Things That Will Cost You More—And 3 That Will Cost You Less—In The Covid Recovery Economy
Why you need to stock up on wine, used cars, diapers and potted plants now. Read More.
Assessing The Real Cost Of A Corporate Minimum Tax
U.S. Treasury Secretary Janet Yellen has introduced a new salvo in the decades long battle to stop multinational corporations from profit shifting. Read More.
IRS holding over 29M unprocessed tax returns, delaying refunds for many low-income Americans
At least 8 million returns have been placed in 'suspense' until an IRS employee can review
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Washington state passes new capital gains tax
The Washington state Senate passed a new capital gains tax on the sale of high-profit stocks, bonds and other assets on Sunday, sending the bill to Gov. Jay Inslee (D) to sign.
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The Grassroots Corner April 26, 2021
🇺🇸 The Grassroots Corner - Week Beginning 4/26/21: “Meet John Wesley Nobles” Read More.
U.S. new home sales rebound exceeds expectations in March
Sales of new U.S. single-family homes rebounded more than expected in March, likely boosted by an acute shortage of previously owned houses on the market. Read More.
'Dark money' surpassed $1B in 2020, mostly boosting Democrats
Anonymous donors gave about $660 million to outside groups Read More.
SpaceX launches NASA crew for mission to ISS on reused rocket after delay
A team of four astronauts will lift off at 5:49 a.m. ET from the Kennedy Space Center in Florida Read More.
Biden Will Seek To Nearly Double Capital Gains Tax For Wealthy, According To Report
President Biden will propose hiking the capital gains tax rate from 20% to 39.6%, Bloomberg first reported Thursday, meaning that the top federal tax rate for some high-earning individuals could rise to 43.4% thanks to an additional 3.8% tax on net investment income that was passed as part of Obamacare. Read More.
The Chairman’s Report April 23, 2021
Like the lady above whose smartphone is being stolen from her purse, we are all being victimized by thieves. Just who are these thieves? They are the ever-growing number of people who are illegally evading their income taxes.
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