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House Democrats are calling for a federal criminal investigation into an improper $25,000 donation Donald Trump's charity made to a political group supporting Florida 's attorney general after her office said it was weighing legal action against Trump University . The Associated Press first reported in June that Florida Attorney General Pam Bondi personally solicited the money during a 2013 phone call that came after her office received complaints from former students claiming they were scammed by Trump's namesake get-rich-quick real estate seminars.
House conservatives pulled the trigger Tuesday on the process to begin impeachment of IRS Commissioner John Koskinen, rejecting appeals from fellow Republicans and from the commissioner himself to set the matter aside. Rep. John Fleming, Louisiana Republican, made the move, kicking off a process that will put fellow GOP lawmakers on the spot.
In this Feb. 10, 2016 file photo, Internal Revenue Service Commissioner John Koskinen testifies on Capitol Hill in Washington. A campaign-season effort by conservatives to impeach the IRS commissioner has no chance of succeeding and is being resisted by other Republicans who think it could hurt them with swing voters.
In this Feb. 10, 2016 file photo, Internal Revenue Service Commissioner John Koskinen testifies on Capitol Hill in Washington. A campaign-season effort by conservatives to impeach the IRS commissioner has no chance of succeeding and is being resisted by other Republicans who think it could hurt them with swing voters.
Democrats and journalists clamoring for the release of Donald Trump's tax returns are curious, rightly so, about numerous aspects of Trump's finances, including how much money he managed to skim off the top of the real estate seminars he grandiosely named Trump University. Judging by the Clintons' tax returns, that dollar figure could be "yuge."
Since returning from their summer recess, House conservatives have wasted no time showing just how tough they can make life for Speaker Paul Ryan - and for Democrat Hillary Clinton, if she becomes president. Conservatives look determined to force a vote in the coming days to impeach the head of the IRS despite deep misgivings among other Republicans about such a pre-election move.
Republican vice presidential nominee Mike Pence says he will release his tax returns this week, drawing a stark contrast with his running mate, Donald Trump, who has refused to release them until an Internal Revenue Service audit is completed. The Indiana governor made the announcement in an interview with "Meet the Press" host Chuck Todd when asked about how the Trump campaign can criticize Democratic nominee Hillary Clinton over her transparency when both he and Trump have yet to release more personal financial details.
Tax Roundup, 8/29/16: IRS to again entertain "spin-off" business purpose rulings. Also: rollover relief, crop insurance, and other great links! IRS National Office no longer a no-spin zone.
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New rules are coming that will likely limit techniques used by the wealthy to lower their estate and gift taxes. The proposed regulations, issued by the Treasury Department and Internal Revenue Service in early August, apply to moves known as "valuation discounts."
Does the federal tax code now favor unmarried partners when it comes to deducting mortgage interest on jointly owned houses with super-sized mortgages? Can certain co-owners save big money on taxes by staying single, rather than getting married? In the wake of a little-publicized move by the IRS earlier this month, the answer appears to be yes for potentially significant numbers of co-owners of houses with jumbo loans.
With less than three months to Election Day, neither Hillary Clinton nor Donald Trump is shifting to the ideological center, a break from modern presidential campaigns that's being driven by the decline of swing voters. In a speech on Thursday, Clinton again emphasized her progressive stances on economic issues such as raising the minimum wage, tuition-free public college, expanding Social Security, adding a public insurance option to the Affordable Care Act, and cracking down on Wall Street.
The Hillary Clinton campaign released the 2015 joint federal income tax return filed by Mrs. Clinton and her ex-President husband Bill this week. Among other things, the Clintons reported total income of over $10.7 million, incurred income and self-employment taxes of over $3.6 million, and deducted $1 million for a charitable contribution to the Clinton Foundation.
Tim Kaine, Democratic nominee for vice president, said Saturday that Donald Trump won't make public his tax returns because they may show the Republican presidential candidate hasn't been the generous charitable giver he claims to be. "What doesn't he want to show?" the Virginia senator said at a rally in Manchester, New Hampshire, the only public event by the Clinton campaign this weekend.
Democratic White House candidate Hillary Clinton released her 2015 tax return Friday and criticized her Republican rival Donald Trump for bucking a long-standing tradition by failing to do the same. Clinton and her husband Bill, the former president, reported $10.6 million in income for 2015.
Hillary and Bill Clinton earned $10.6 million last year, according to a tax filing released by her campaign Friday that sought to pressure presidential rival Donald Trump to disclose his tax returns. The filing shows that the Clintons paid a federal tax rate of 34.2 percent in 2015.
"He refuses to do what every other presidential candidate in decades has done and release his tax returns," Hillary Clinton said during a speech in Michigan . Hillary Clinton just made her latest federal income tax return public, putting the pressure on Donald Trump to do the same.
Republican Donald Trump tried to brush off the latest furor to envelop his struggling White House campaign on Friday, saying he was just being sarcastic when he called President Barack Obama and Democratic rival Hillary Clinton the founders of Islamic State. Trump used the unfounded description on Wednesday night and all day on Thursday during campaign appearances in Florida.
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Hillary and Bill Clinton earned $10.6 million last year, according to a tax filing released by her campaign Friday that sought to pressure presidential rival Donald Trump to disclose his tax returns. The filing shows that the Clintons paid a federal tax rate of 34.2 percent in 2015.