Articles
A Child Tax Credit Expansion Is Stuck In The Senate... Here's Why
Legislation to expand the Child Tax Credit is currently stalled in the Senate amid deep disagreements about its passage before the 2024 election.
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The Grassroots Corner July 29th, 2024
The Grassroots Corner - Week Beginning 7/29/24: “HOSTILE ARGUMENT: THE FAIR TAX WILL ADD A NATIONAL SALES TAX ON TOP OF STATE SALES TAXES” Read More.
Consumer Sentiment Hits Eight-Month Low Amid Inflation Woes
US consumer sentiment dropped in July to its lowest level in eight months as persistent high prices and stubbornly high inflation continued to erode Read More.
Project 2025 Could Impact the Economy and Your Finances
Project 2025, a controversial conservative initiative by the Heritage Foundation, calls for giving the president more power, dismantling federal agencies, outlawing the abortion pill and other “extreme” actions. Read More.
IRS Reveals What It Looks For In Stock Option Audits
The IRS has surprised tax experts with a new version of its stock comp auditing guide. Know what to expect from an audit of stock options, RSUs, and other equity awards. Read More.
The Chairman’s Report July 26th, 2024
In early June, former President Trump proposed to eliminate the income tax and replace the revenue with increased tariffs.
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Here's where Kamala Harris could stand on tax policy, experts say
With President Joe Biden officially out of the election, experts are watching for tax policy from Vice President Kamala Harris, the Democratic frontrunner. Read More.
Interest Payments on US National Debt Will Shatter $1,140,000,000,000 This Year – Eating 76% of All Income Taxes Collected
The vast majority of Americans' income taxes are now being swallowed up just to pay interest on the country's national debt, new numbers show. Read More.
Bickering in DuPage reveals lack of oversight, loss of tax dollars
County officials squabble over cannabis taxes that weren’t collected and audits that were not done. Read More.
Past gas tax hike support risks Kehoe GOP bid for MO governor
Missouri Lt. Gov. Mike Kehoe supported raising the gas tax. Republican voters will decide if that’s a problem in the August 6 primary for governor. Read More.
The Grassroots Corner July 22nd, 2024
The Grassroots Corner - Week Beginning 7/22/24: “Hostile Argument: What about new houses?” Read More.
Trump corporate tax cut could create tens of thousands of jobs, but at a steep cost
A Tax Foundation analysis predicts cutting top rate to 15% could cost as much as $673 billion
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Trump Reveals Key Pillars Of "Trumponomics": Low Taxes, Sky High Tariffs, Powell Not Fired, Treasury Secretary Dimon And Much More
Before the failed assassination attempt, before the catastrophic (for Biden) first presidential debate, Donald Trump gave Bloomberg an extensive interview in which he laid out the core tenets of Trumponomics 2.0 that will define his next presidency. Here are the key highlights: Read More.
Trump VP pick JD Vance: What are his views on taxes, deficits and entitlements?
Former President Trump tapped Senator JD Vance of Ohio as his running mate and vice presidential nominee for the 2024 GOP ticket, which has put a spotlight on Vance's policy views. Read More.
IRS Program Fails To Uncover 'Hidden Treasure'
An Internal Revenue Service program to catch cryptocurrency tax cheats has recorded few achievements other than drumming up business for government contractors, the agency's inspector general found. Read More.
