Current News
Biden’s boost to the earned income tax credit may trigger a ‘marriage penalty’
Federal stimulus and enhanced tax credits have provided benefits to millions of Americans. However, some low-income workers may not receive a boost. Read More.
Biden lifts SNAP benefits by 30% in historic move
SNAP benefits will jump to $157.24 from $121 per person, per month Read More.
The Grassroots Corner August 16, 2021
🇺🇸 The Grassroots Corner - Week Beginning 8/16/21: “Meet Candidate Willie Montague” Read More.
Lawmakers set hearings on income tax elimination or cuts
Lawmakers plan to hold two days of hearings on eliminating or cutting Mississippi’s individual income tax on Aug. 25 and 26. Read More.
The Chairman’s Report August 13, 2021
As more and more people begin looking at the FAIRtax to replace the failing federal income tax system, one of the questions people ask is why does the FAIRtax tax government. Read More.
Some Google employees reportedly face a pay cut of up to 25% if they work from home permanently, according to a leaked salary calculator
Google employees may face a pay cut if they decide to work from home indefinitely, according to a leaked internal salary calculator obtained by Reuters. Read More.
Elizabeth Warren will propose a minimum tax on the nation’s richest companies.
Senator Elizabeth Warren of Massachusetts and her allies will propose a minimum tax on the profits of the nation’s richest companies, regardless of what they say they owe the government, as part of Democrats’ $3.5 trillion economic and social-policy package. Read More.
Consumer prices rise 5.4% annually in July
Prices rose 0.5% in July Read More.
U.S. judge says Florida can't ban cruise ship's 'vaccine passport' program
Aug 8 (Reuters) - A U.S. judge has allowed Norwegian Cruise Line Holdings Ltd. (NCLH.N)todemand that passengers show written proof of coronavirus vaccination before they board a ship, dealing a major blow to Florida Governor Ron DeSantis's effort to ban "vaccine passports." Read More.
Yellen urges Congress to raise debt limit with GOP support
Treasury Secretary Janet Yellen urged Congress on Monday to pass a bipartisan resolution to raise the amount of money the U.S. government can borrow, saying failing to increase the debt ceiling so would "cause irreparable harm" to the economy. Read More.
Split over crypto tax threatens to bog down US infrastructure bill
Lawmakers are divided over how to tax and regulate cryptocurrencies Read More.
Exxon suspended from climate advocacy group it helped form
Move comes after an Exxon lobbyist said carbon tax would never gain enough support to be adopted Read More.
Slowly but surely, bipartisan infrastructure bill passes another hurdle
WASHINGTON — Senators hoisted the $1 trillion bipartisan infrastructure package over another hurdle late Sunday, a coalition of Democrats and Republicans pushing it closer to passage despite a few holdouts trying to derail one of President Joe Biden’s top priorities.
Read More.
The Grassroots Corner August 9, 2021
🇺🇸 The Grassroots Corner - Week Beginning 8/09/21: “Hostile Argument: The FAIRtax Will Be Added On Top Of State Sales Taxes” Read More.
White House backs senators in debate over the need for tougher crypto regulations with a surprise statement
The White House stepped into a wrangle between senators over cryptocurrency regulation in the infrastructure bill late Thursday, coming out in support of those taking a tougher stance on which companies must comply with the tax rules. Read More.
