Current News
Reform US International Taxation Laws to Set a Global Example
Some recent developments should spur action by Congress to reform US tax laws that address international taxation. Congress did this in 2017 but in an ill-conceived way, and it should be revamped. Read More.
US budget gap soars to $1.7 trillion, largest outside COVID era
The U.S. government on Friday posted a $1.695 trillion budget deficit in fiscal 2023, a 23% jump from the prior year as revenues fell and outlays for Social Security, Medicare and record-high interest costs on the federal debt rose. Read More.
Stock-market investors face reality of 5% Treasury yields. Here's what's next.
The surging yields of U.S. government debt, which sent the 10-year Treasury rate near 5%, has posted a challenging environment for stock market investors. Read More.
The Grassroots Corner October 23, 2023
The Grassroots Corner - Week Beginning 10/23/23: “A trip to DC” Read More.
The Chairman’s Report October 20th, 2023
An article published by truthout.org was entitled, Wealthy Americans Failed to Pay $65.7 Billion in Taxes From 2017 to 2020.
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Americans failed to pay record $688 billion in taxes in 2021, IRS says. Look for more audits.
Americans owe the IRS $688 billion in unpaid taxes, underscoring need for more audits, said IRS Commissioner. Read More.
A Supreme Court dispute over a $15,000 IRS bill may be aimed at a never-enacted tax on billionaires
Charles and Kathleen Moore are about to have their day in the Supreme Court over a $15,000 tax bill they believe is unconstitutional. Read More.
The Grassroots Corner October 16, 2023
The Grassroots Corner - Week Beginning 10/16/23: “What would we do with a Million Dollars?” Read More.
The Chairman’s Report October 13th, 2023
Any tax you pay will reduce the amount of money that you can use to support your family. If you can reduce your federal income taxes, you will have more money available for your family.
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Oregon Residents To Receive Nearly $1,000 Each Under Colossal Tax Kicker
Oregon has announced that it will return more than $5.61 billion in tax surplus refunds to its residents, with taxpayers being paid in the form of an income tax credit known as "kicker." Read More.
$7,500 EV tax credit may be easier to get in 2024 per Treasury rule
The agency proposed a rule that would allow all eligible buyers of electric vehicles to get an upfront discount from car dealers, regardless of tax liability. Read More.
Lawmakers debate Detroit property tax plan
Mayor Mike Duggan's plan to slash Detroit homeowners' taxes is off to a rocky start in Lansing.
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US Treasury Department to allow $7,500 electric vehicle tax credit as point-of-sale rebate starting in January
The U.S. Treasury Department has issued new guidelines for the $7,500 electric vehicle (EV) tax credit, allowing it to be used as a point-of-sale rebate starting in January. Read More.
Legislator: Hunters Should Be Exempt From Ammo Tax
Hunters or conceal-carry license holders should be exempt from additional ammunition background checks and fees, according to one Central New York state legisla Read More.
