Articles

WASHINGTON (AP) — After more than a decade of mostly losing out, the Internal Revenue Service may finally get the cash infusion it’s long wanted in the economic package that Democrats are working furiously to push through Congress before their August break. Read More.

The Grassroots Corner - Week Beginning 8/8/22: “Meet Candidate And Pledge Signer Steven Elliott - Pt. 2” Read More.

WASHINGTON — United Nations Secretary-General Antonio Guterres urged governments on Wednesday to tax excessive oil and gas profits as the world grapples with an energy crisis triggered in part, by Russia’s war in Ukraine. Read More.

Tucked inside the sprawling Senate compromise bill for climate change and health care is an effort, years in the making, to close what Democrats say is a loophole that benefits a handful of the richest Americans: the carried interest tax. Read More.

Of the 70 million Americans now receiving Social Security and Medicare benefits, few of them read the Summary of the 2022 Annual Reports published by the Social Security and Medicare Boards of Trustees. Read More.

Sen. Joe Manchin, in an unlikely alliance with progressives, may get the last laugh on the tax cognoscenti. Read More.

After more than a year of trying — and failing — to pack much of President Biden’s domestic agenda into a single tax-and-spend bill, Democrats appear to have finally found a winning combination. Read More.

Georgia residents can now claim embryos as dependents on their state taxes, the state's Revenue Department announced Monday. Read More.

The energy and health care deal from Sens. Joe Manchin and Chuck Schumer would raise taxes on millions of Americans earning less than $400,000 annually, Senate Republicans say, citing nonpartisan data. Read More.

Sen. Joe Manchin, a Democrat from West Virginia, defended Democrats' new climate and tax deal from criticisms that it will raise taxes across all income brackets and harm the economy, saying the package unveiled last week is "all about" combating inflation. Read More.

Despite crushing inflation and the threat of a looming recession, Massachusetts lawmakers early Monday morning temporarily shelved delivering tax relief to Bay Staters — after promising just weeks ago to send stimulus checks to middle-income residents. Read More.

The Grassroots Corner - Week Beginning 8/2/22: “Meet Candidate And Pledge Signer Steven Elliott” Read More.

WASHINGTON (Reuters) -A Senate Democratic deal includes a new $4,000 tax credit for used electric vehicles and other new tax credits and grants for automakers to retool factories to build greener cars. Read More.

Yesterday the IRS issued a statement acknowledging that “some payments made for 2021 tax returns have not been correctly applied to joint taxpayer accounts, and these taxpayers are receiving erroneous balance due notices (CP-14 notices) or notices showing the incorrect amount.” Read More.

Merriam-Webster defines the term recession as a period of reduced economic activity. In technical terms, a recession is generally considered to represent two consecutive quarters of economic decline, as reflected by GDP. First quarter 2022 GDP decreased at an annualized rate of 1.5% according to the U.S. Bureau of Economic Analysis. Read More.