Kansas lawmakers jump-start debate over repealing tax break
Representative Ron Ryckman is sworn in as Speaker of the House Monday, Jan. 9, 2017, by Kansas Supreme Court Justice Lawton Nuss. Rickman's wife Kim is holding the bible.
Category Archives: Tax
Goldman: Some things you just can’t make up
The first order of business from the power-hungry Republican members of the US House of Representatives in 2017 turned out to be not their pledge to end Obamacare or to defund Planned Parenthood, but instead their first action taken in the dark of night on January 2 was to gut their own long-standing independent ethics oversight panel! During the 2016 presidential campaign, Donald Trump announced that he had a 'secret plan' which would "end the violence in Chicago within 5 days of his taking office".
Who is Monica Crowley, conservative pundit, Trump appointee and alleged plagiarist?
Monica Crowley, a national security adviser to President-elect Donald Trump, was accused by CNN Saturday of plagiarizing passages in her 2012 book. Crowley got her start as a research assistant on foreign policy to former President Richard Nixon , helping the politician - who had already been impeached for his role in the Watergate break-in at the Democratic National Campaign headquarters and the subsequent cover-up - in the final few years of his life by editing his books, arranging his speaking engagements and coordinating his travel.
Kansas lawmakers eye possible tax increases as session starts
The question as Kansas kicks off its annual legislative session this week isn't whether lawmakers will raise taxes but rather which taxes - or more precisely, whose? The state faces a projected budget shortfall of more than $900 million for the next 18 months. There's broad consensus among lawmakers that tax increases will play some role in the solution.
Boardman man charged with fraud
Boardman resident and former Campbell mayor George N. Krinos was charged in U.S. Federal Court with engaging in a securities fraud scheme and willfully failing to collect and pay taxes for his employees, according to a U.S. Attorney General's release. Krinos, through various companies known as Krinos Holdings, engaged in a securities fraud scheme in which he used false and deceptive practices with various northeast Ohio residents.
article
Some numbers matter more than others. How much you make is important, for example, but your financial health depends far more on how much you keep.
Tripwires for the Trumpsters
The Trumpsters are coming to town-led by a failed gambling czar, corporate welfare king and major tax escapee-and they are hell bent on unmaking Washington, D.C. With all three branches of government dominated by Republican members of Congress and Republican appointees-due to a mixture of abysmal deficiencies in the Democratic Party and the interloping luck of the atavistic Electoral College-the wrecking crew of Trump's nominees to high cabinet and other positions brings with it a host of politically perilous baggage. First, the Trumpsters have vowed to dismantle various government programs.
Will Trump drop populism like a bad habit?
President-elect Donald Trump waves to members of the media after a meeting with military leaders at Mar-a-Lago in Palm Beach, Fla., on Dec. 21. Disdain for Beltway insiders and suspicion that the rich have the system rigged were at the heart of President-elect Donald Trump's campaign. He correctly perceived how badly Hillary Clinton's conflicts, courting of Wall Street and corruption would turn off voters.
Assessing the GOP’s tax system overhaul
Congressional Republicans are planning a massive overhaul of the nation's tax system next year, a heavy political lift that could ultimately affect families at every income level and businesses of every size. Their goal is to simplify a complicated tax code that rewards wealthy people with smart accountants, and corporations that can easily shift profits - and jobs - overseas.
GOP on taxes: Cut rates, brackets but what about the deficit
Congressional Republicans are planning a massive overhaul of the nation's tax system next year, a heavy political lift that could ultimately affect families at every income level and businesses of every size. Their goal is to simplify a complicated tax code that rewards wealthy people with smart accountants, and corporations that can easily shift profits - and jobs - overseas.
Nearly $870M budget hole awaits Oklahoma lawmakers in 2017
The problems will be familiar in the 2017 Oklahoma legislative session: crowded public schools with teachers desperate for a pay raise, overcrowded prisons, a Highway Patrol facing furloughs and dozens of other cash-strapped agencies that have cut services to the bone. But lawmakers who return to the Capitol in February will also be faced with a budget hole of nearly $870 million - about 12 percent of state spending - resulting from slumping energy prices, years of tax cuts and costly tax subsidies for businesses and industries.
How Rubio’s wage subsidies aim to help both workers and employers
Last week, Florida Senator Marco Rubio introduced legislation aimed at raising after-tax pay for low-wage workers in Puerto Rico, while reducing employer costs. Here's how.
The First 100 Days – An Anti-Corruption Agenda
You can view the complete video of the event here . We had a tremendous line up: Congressman Jim Jordan , who is a member of both the Judiciary Committee and the Oversight and Government Reform Committee; Edwin Meese III, former United States Attorney General and Ronald Reagan Distinguished Fellow Emeritus at The Heritage Foundation; Mark Krikorian, Executive Director for the Center for Immigration Studies; Andrew McCarthy, Senior Fellow for the National Review Institute and former chief assistant U.S. attorney for the Southern District of New York; and Ramona Cotca, senior attorney at Judicial Watch.
Income tax debate: Henle plan should be killed
Due process is important, so the New Hampshire House is sure to give the latest plan to impose a broadbased income tax on the Granite State a fair trial before the public hanging.
With deadline approaching, coverage through health insurance law uncertain beyond 2017
Thursday: Deadline for new federal marketplace customers to apply for insurance to start Jan. 1. Those interested should go to healthcare.gov April 15: Deadline for federal income tax returns, which will charge a penalty for the first time on those without insurance the previous year Thursday is the deadline to sign up for health insurance through the federal Affordable Care Act, if you want coverage starting Jan. 1. "It will be in place for the next year," said Charles Bullock, University of Georgia political science expert. "Beyond that, we'll have to wait and see."
House snuffs out conservativesa IRS impeachment push
Internal Revenue Service Commissioner John Koskinen testifies on Capitol Hill in Washington on Feb. 10, 2016. The House on Tuesday voted to bottle up articles of impeachment filed against Koskinen by hard-line conservatives upset about the agency's targeting of political groups.
Conservatives Seek to Force House Vote on Impeaching IRS Chief
House conservatives intend to re-launch an effort Tuesday afternoon to force a vote to impeach Internal Revenue Service commissioner John Koskinen this week in the final days of this congressional session. The impeachment drive, confirmed by Representative Jim Jordan of Ohio and his office, comes after he and other members of the House Freedom Caucus had agreed to delay such action in September, at the urging of Speaker Paul Ryan and other party leaders.
Captive Insurance – Looming IRS Reporting Deadline
Many businesses have been caught off guard by a recent Internal Revenue Service notice that implicates a popular and commonly-used structure to manage risk. The notice employs a broad net and a short deadline, and significant penalties apply to compliance failures.
Tom Price, a doctor, should know how to replace Obamacare
With their vow to repeal and replace Obamacare, President-elect Donald Trump and the Republicans have ventured onto thin ice. The dismal fate of the Democrats who preceded them onto the ice, and breaking through it, is a cautionary tale about the consequences of not keeping promises.
The Latest: Biden warns fiscal plans reminiscent of 2008
Vice-President Joe Biden says that some of the economic proposals under discussion as a new administration prepares to enter the White House are the same ones that led to "this God-awful recession of eight years ago." Speaking at Georgetown University on financial regulation, Biden says banks and other financial institutions knew they had a backstop in the form of the American taxpayer, so they took excessive risks.