Current News

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Time Is Ticking: Changes to California’s Parent-Child PropertyTax Reassessment Exclusion Take Effect February 15
California voters approved Proposition 19 in November 2020, which updates California’s long-standing property tax reassessment rules. There are two major provisions of Prop 19: Read More.
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Time Is Ticking: Changes to California’s Parent-Child Property Tax Reassessment Exclusion Take Effect February 15
California voters approved Proposition 19 in November 2020, which updates California’s long-standing property tax reassessment rules. There are two major provisions of Prop 19: Read More.
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Biden stimulus may be Democrat-only despite cordial GOP meeting
President Joe Biden and congressional Democrats signaled they’re intent on a large pandemic relief bill, potentially without Republican support, even after a White House meeting with GOP senators on Monday that both sides described as productive. Read More.
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Biden’s promised $1,400 checks are even dividing the White House
Even within President Joe Biden’s White House, there’s debate about how to meet his promise to issue Americans another $1,400 each in stimulus checks. Read More.
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Trading In GameStop? Make Sure You Understand The Tax Bite Before It’s Too Late
The biggest story on Wall Street this week hasn’t been the challenging employment numbers or disappointing corporate earnings. Read More.
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The Chairman’s Report January 29, 2021
To those of us who don’t live in the D.C. area and profit from the income tax system, it is hard to find much to like about the federal income tax. People correctly complain: Read More.
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Outlook for 2021 taxes is full of uncertainties
The year ahead will be full of tax uncertainties in the U.S. and internationally, ranging from digital taxes and carbon taxes to possible tax hikes under the Biden administration. Read More.
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FLASHBACK: Biden Promised Not to Raise Taxes. Is That About to Change?
President Joe Biden promised over and over again on the 2020 campaign trail that he would not raise taxes on any American making less than $400,000 per year. Read More.
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Democrats reintroduce $15 minimum wage bill
Democrats in both chambers of Congress on Tuesday reintroduced a bill to raise the federal minimum wage for the first time since 2009, setting a $15 an hour target by 2025. Read More.
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Gig Workers Could Get A Nasty Surprise This Tax Filing Season—Particularly On State Returns
The number of gig workers in America has been growing in recent years, but the COVID-19 pandemic has accelerated that trend. Before the pandemic, around 41 million Americans were already classified as gig workers (defined as independent contractors or other non-traditional form of employment). Read More.
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Murphy, HGOP Want to Halt Latest Job Killing Tax Increase Ploy
Legislators want to halt continued push for decoupling legislation and the higher taxes it would force on struggling Illinois businesses. Read More.
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The Grassroots Corner January 25, 2021
🇺🇸 The Grassroots Corner - Week Ending 1/25/21: “Call to Action: The Keith Hanson Show” Read More.
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STEVE ERDMAN: Nebraska’s tax system needs fixing
Nebraska’s tax system is completely broken. Nebraska is the worst state in the nation for the inheritance tax, the seventh worst state for property taxes and only Wisconsin beats Nebraska in terms of the number of farm and ranch bankruptcies. Read More.
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I.R.S. Pushes Back Start of 2020 Tax Filing Season
The agency will start accepting returns on Feb. 12, about two weeks later than usual. But you still have to file by April 15. Read More.
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The Chairman’s Report January 22, 2021
An article by economist Milton Ezrati discussed some of the likely income/payroll tax code changes that the Biden administration will be seeking. Read More.

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