Articles
Panic In The Aisles: Holiday Shoppers Are Buying Early, Hoarding Items
Veena Marcano usually starts her holiday shopping early, but this year she set a new personal record: July. Given everything she had heard about shipping delays, product shortages and price increases, she figured she better get a move on. So she began hitting retailers like Amazon, T.J.Maxx and Burlington, diligently stocking up on gifts for her two kids, nieces and godchildren. Well before Black Friday, she had all that she needed — and then some. Read More.
Biden taps Jerome Powell for second term as Fed chair, spurning progressives
The Fed chair is one of the most powerful players in Washington Read More.
Mankato homeowners picking up more of the property tax burden
John Logan, a widower who has lived on the 2300 block of Fair Street since 1998, has noticed the trend when he writes out the checks for his property taxes — up, up and up again, increasing $726 in the past five years. Read More.
Homestead property tax exemptions: Don’t pay more than your fair share
A good way to whittle homestead property taxes down is to review the available exemptions.
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The Grassroots Corner November 22, 2021
🇺🇸 The Grassroots Corner - Week Beginning 11/22/21: “Happy Thanksgiving!” Read More.
House Democrats pass Biden's $2 trillion bill with child allowance and social benefits, sending it to the Senate where Manchin may still sink it
House Democrats passed a $2 trillion social spending bill carrying the bulk of President Joe Biden's economic agenda on Friday morning, barreling past united GOP opposition and sending it to the Senate, where Joe Manchin of West Virginia could still force it to undergo a major overhaul.
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The Chairman’s Report November 19, 2021
"The year was 2005, now almost seventeen years ago. President George Walker Bush had announced on January 7th the President’s Advisory Panel on Federal Tax Reform. Finally, I thought, the time has come." Read More.
Hundreds Of Billions Lost As Major Cryptocurrencies—Including Bitcoin, Ethereum, Solana, Cardano—Tumble In Crypto Crash
Hundreds of billions has been wiped from the cryptocurrency market Tuesday amid a market-wide crash that has seen the prices of major cryptocurrencies—including bitcoin, ethereum, cardano and solana—plummet and fall sharply from near record highs this week. Read More.
Accounting games: Democrats are downplaying the price of their massive spending bill, watchdog says
Programs made temporary to cut hide real cost, tax enforcement revenue underestimated, budget watchdog says
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The Grassroots Corner November 15, 2021
🇺🇸 The Grassroots Corner - Week Beginning 11/15/21: “Meet Jeb Hanson” Read More.
New IRS rules for R&D credits causing angst
The Internal Revenue Service’s recent move to set new requirements for claiming refunds on research tax credits is provoking an uproar among tax professionals. Read More.
Education Department Announces $2 Billion Of Student Loans Will Be Cancelled Within Weeks
The U.S. Department of Education is cancelling another $2 billion of student loans.
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New York Fed’s Empire State manufacturing business index rebounds in November
The numbers: The New York Fed’s Empire State manufacturing business conditions index rose 11.1 points to 30.9 in November, the regional Fed bank said Monday. Economists had expected a reading of 22, according to a survey by The Wall Street Journal.
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Biden’s massive spending bill set to collide with debt ceiling, funding fights after CBO score delay
Defense authorization bill, government funding, debt ceiling and social spending bill will make December hectic, high-stakes month in Congress Read More.
Comparing two tax systems
Taxes can be collected in a number of ways: tariffs, value added tax (VAT), flat tax, negative income tax, consumption tax and income tax. Some 20 years ago, politicians were touting a flat tax as a way to simplify the tax code, revive the economy and promote growth. Read More.
