Current News
Can LA’s ‘Mansion Tax’ Unlock Affordable Housing Across California?
On Tuesday, thousands of Los Angeles voters pulled the lever for Measure ULA, a ballot initiative that aims to fund affordable housing and tenant protections by applying a levy on property sales of more than $5 million. That’s just the start of what this measure can do. Read More.
The Grassroots Corner November 14, 2022
The Grassroots Corner - Week Beginning 11/14/22: “FAIRtax returns to Orange Park, Florida” Read More.
The Chairman’s Report November 11, 2022
A woman rubbed a bottle and out popped a genie. The genie said, “I'm a one-wish genie. So...what'll it be?"
Read More.
Idaho tax collections back on track after October revenue
Idaho tax collections are back on track after October revenue exceeded expectations and made up for the first three months of the current fiscal year, state budget officials said Monday. Read More.
U.S. CFOs Ask Congress to Repeal Change to R&D Tax Rules
Companies are asking lawmakers to repeal a change in the tax code that requires businesses to spread their research-and-development costs over five years rather than deduct them immediately. Read More.
Haven't received your California Middle Class Tax Refund? Here's what's happening
In October, millions of Californians were to start receiving relief payments of up to $1,050 as part of the state's "Middle Class Tax Refund." But now it's November, and many Golden State residents are still waiting. Read More.
Small Businesses Find a Loophole in the New Tax Law: Zelle
Early this year, Benson Gitau, owner of Houston appliance reseller Vendapp, noticed that his suppliers were no longer accepting payments through Venmo, PayPal or Cash App. “They’d just say, ‘I prefer Zelle,’” he says. Read More.
Biden’s threatened windfall oil tax unlikely to pass U.S. Congress
President Joe Biden’s threat to impose a windfall profits tax on oil companies is unlikely to pass in the U.S. Congress, even if Democrats defy forecasts and manage to maintain their razor-thin majority in midterm elections on Nov. 8. Read More.
Citing 'uncertainty,' Mass. lawmakers delay tax cut plan
Nova Scotia has picked the annual Christmas tree it's sending our way this year — and she's a beaut! Is it too early for holiday music? [Checks the forecast this weekend.] Yup, definitely still too early. Read More.
Treasury Seeks Public Input on Additional Clean Energy Tax Provisions of the Inflation Reduction Act
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) today issued three additional notices requesting public input on key climate and clean energy tax incentives in the Inflation Reduction Act. Read More.
Governor extends Georgia gas tax suspension into mid-December
Georgia’s governor extended the suspension of the state’s motor fuel tax for yet another month through Dec. 11. The announcement came Friday with two executive orders from Gov. Brian Kemp, who is running for re-election against Democrat Stacey Abrams. Read More.
The Grassroots Corner November 7, 2022
The Grassroots Corner - Week Beginning 11/7/22: “Famous Americans who would still be citizens if we had the FAIRtax” Read More.
The Chairman’s Report November 4, 2022
When most people are elected to Congress, they undergo a transformation. Before they arrived in D.C., they were people more like us and most.
Read More.
Powerball jackpot climbs to $1B. Here's the tax bite if you win
For the second time ever in Powerball's 30-year history, the jackpot for the Monday night drawing is a staggering $1 billion. Read More.
Republican Tax Writers Fear Funded IRS May Surveil Bank Accounts
Two Republican members of the House of Representatives Ways and Means Committee questioned whether the IRS intends to use its $80 billion in additional funding from the Inflation Reduction Act (PL 117-169) to surveil American bank accounts. Read More.
