Consumer prices rose to 6.2% in the year ending October, the Department of Labor reported Wednesday, the highest rate of inflation in 30 years. Read More.
On Oct. 29, 2021, the Independence Institute of Colorado reported submitting over 216,000 signatures for an initiative targeting the 2022 ballot to decrease the state’s income tax rate from 4.55% to 4.40%. Read More.
On Friday, the House of Representatives passed a $1.2 trillion infrastructure bill in a 228-206 vote, sending the legislation to President Joe Biden for his signature. Read More.
For all their talk about raising taxes on the top 1% and forcing the wealthy to pay its “fair share,” Democrats have absolutely no intention of doing either. Read More.
On Saturday’s broadcast of the Fox News Channel’s “Cavuto Live,” Transportation Secretary Pete Buttigieg said that top income earners would be paying “closer to” their fair share of taxes if their tax rate is raised to 50%. Read More.
The problems at the IRS are rooted in the Internal Revenue Code itself. The very nature of the IRC makes it difficult to enforce without infringing on the basic freedoms that most Americans cherish. Read More.
The Internal Revenue Service is sending notices to taxpayers who deferred their Social Security taxes last year, warning them that half the taxes will be due by the end of this year.
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There are still 1,727 children who have not been reunited with their families since being separated under the Trump administration’s zero tolerance policy. Read More.
Leaders of the world’s biggest economies formally backed an ambitious plan to overhaul the way countries tax multinational companies in a bid to stem competition for the lowest rates. Read More.