In 2021, the “confidential” tax returns of thousands of wealthy taxpayers were leaked and made available by propublica.org. While there was some public outcry, many of the more liberal pundits and liberal media outlets actually applauded the leak.
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Nancy Pelosi’s hand-picked chair of the tax-writing Ways & Means Committee is liberal Richard Neal of Massachusetts. He made headlines last week by telling Bloomberg News that he would seek to raise both corporate and individual income-tax rates should Democrats keep the House. Read More.
Electric vehicle shoppers hoping to get a tax credit from the government after President Joe Biden signs the Inflation Reduction Act into law might find fewer vehicles that qualify. Read More.
Gov. Brian Kemp proposed a combined $2 billion in tax rebates Thursday that could return about $1,000 to taxpayers if approved by state lawmakers early next year. Read More.
U.S. automakers and dealers are scrambling to figure out if they can still offer $7,500 tax credits to would-be buyers of electric vehicles (EVs), as Congress prepares for final votes today on a bill that includes a top-to-bottom overhaul of Washington's clean vehicle policies. Read More.
After fighting to repeal the $10,000 limit on the federal deduction for state and local taxes, known as SALT, a group of House Democrats say they will still vote for the party’s spending package without SALT reform. Read More.
Democratic Rep. Richard Neal of Massachusetts suggested that the House would increase tax rates if his party remains in power following the upcoming midterm elections this fall, according to a congressional reporter. Read More.
The Biden administration has promised not to raise taxes on anyone making under $400,000 a year. And despite estimates from official congressional scorekeepers that the Schumer-Manchin-Biden tax increase indeed would raise taxes on those Americans, the administration has doubled down on the claim as a final vote nears on Democrats’ bill. Read More.
Where will President Joe Biden and congressional Democrats get the money to finance their large expansion of subsidies for green energy and extension of Obamacare subsidies for the upper middle class? Read More.
The funding increase for the IRS to hire potentially tens of thousands of new agents may be a big boost to the union representing Treasury Department employees, a group that is active in politics and donates almost exclusively to Democratic politicians. Read More.
Every responsible parent wants a good education for their children because they know that means more future job opportunities. Many parents choose a place to live based on the quality of the public schools.
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If Democrats have their way, one of the most detested federal agencies—the Internal Revenue Service—will employ more bureaucrats than the Pentagon, State Department, FBI, and Border Patrol combined. Read More.