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.
Category Archives: Tax
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.
Richard Spencer
Richard Spencer, the face of a white-nationalist group that gained notoriety and momentum after Donald Trump's election, has been allowed by the federal government to operate his nonprofit organization in financial secrecy for the past three years. Spencer's think tank, the National Policy Institute, has not filed financial returns with the federal government since 2013, according to a database of nonprofit records.
Tax Roundup, 11/30/16: If at first you don’t succeed, fail,…
Tax Roundup, 11/30/16: If at first you don't succeed, fail, fail again. Also: Sales taxes, Trump tax and charity That went well.
An unlikely star of Instagram: Airport security
4 for its Instagram. It bested megastar BeyoncA . The inescapable Kim Kardashian ranked first, followed by National Geographic.
Trump would hike taxes for some in middle class
Trump would hike taxes for some in middle class President-elect Trump's proposals modestly cut income taxes for most middle-class Americans. Check out this story on pal-item.com: http://usat.ly/2gvFbsL President-elect Donald Trump speaks during his meeting with President Barack Obama in the Oval Office of the White House in Washington.
For some in middle class, Trump plan would mean tax increase
President-elect Donald Trump's proposals would modestly cut income taxes for most middle-class Americans. But for nearly 8 million families - including a majority of single-parent households - the opposite would occur: They'd pay more.
Clinton amnesty plan would cost taxpayers $1.2 trillion
Hillary Clinton's plan to bring 11 million illegal aliens "out of the shadows" would cost American households an immediate tax increase of $1.2 trillion, or $15,000 per household, according to a study by the National Academy of Sciences. In examining the study, the Heritage Foundation found that the immediate tax increases would be imposed to pay for the infrastructure, school, welfare and other costs of illegals.
Study: Obama Tax Hikes on Rich Didn’t Hurt Economy, or Rich
President Barack Obama's 2013 tax increases for wealthy Americans neither slowed their income growth nor hurt the economy, according to a study that taps into a key debate in the current presidential race. The top 1 percent of earners managed to increase their share of the nation's income at about the same pace after their taxes were raised as they had before, according to the study , released Thursday by Emmanuel Saez, an economics professor at University of California, Berkeley.
Trump used ‘legally dubious’ maneuver to avoid reporting…
At a time when Donald Trump 's casinos were bleeding money and he was badly in debt, the Republican presidential nominee used a "legally dubious" accounting maneuver to avoid reporting hundreds of millions of dollars in income, according to a New York Times report Monday. In the early 1990s, Trump convinced financial backers to forgive large debts he could not repay, the paper wrote.
Competitive Ohio House race in Franklin County pits attorney, retired teacher
After months of presidential campaign fights over failing to release tax returns or deleting 33,000 emails, voters in the 23rd Ohio House District might find it refreshing to hear their legislative choices talk of access and transparency. When a potential voter answers the door, Democrat Lee Schreiner talks about his experience in education, and concludes with a message not typically heard from someone running for office.
Policy Prescriptions: Trump and Clinton on transparency
Donald Trump and Hillary Clinton have both broken from tradition during their campaigns for president by sharing less information with the public than did their predecessors, although the Democratic nominee is more forthcoming than her Republican rival. Both candidates are secretive when it comes to fundraising.
Policy Prescriptions: Clinton and Trump on taxes
One group of Americans will likely see huge changes to their tax bills after this year's presidential election: the wealthiest 1 per cent. They will see a big tax increase if Hillary Clinton wins, or enjoy a huge tax cut if Donald Trump wins.
In Gettysburg, We Need the Pro-Life, Pro-Growth, King-Dollar Donald Trump
The Trump campaign has announced that the candidate will deliver a major speech in historic Gettysburg, Pennsylvania, on Saturday, October 22. He will present his closing arguments for American voters, outlining the steps he will take in his first 100 days to make America great again. For all his gaffes and misstatements, the fact is this: The race is not over until it's over.
Larry Kudlow: Pro-Life, Pro-Growth, King-Dollar Are Keys to Trump Victory
The Trump campaign has announced that the candidate will deliver a major speech in historic Gettysburg, Pennsylvania. He will present his closing arguments for American voters, outlining the steps he will take in his first 100 days to make America great again.