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Keyword: tax

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  • Trump’s tax proposal won’t actually help the middle class.

    10/21/2017 1:59:09 PM PDT · by SkyPilot · 271 replies
    Washington Post ^ | 19 Oct 17 | By Catherine Rampell
    President Trump campaigned on helping the little guy. His latest tax proposal, he says, is about helping the middle guy. “It’s a middle-class bill,” Trump promised an audience of truckers last week. Other administration officials and House Speaker Paul D. Ryan (R-Wis.) have also claimed that their primary objective in reconfiguring the tax code is to help the middle class, not the wealthy.
  • Obamacare Tax to Raise Premiums in 2018, Cost $270 Billion Over Next Decade

    10/15/2017 10:55:24 AM PDT · by Kaslin · 15 replies
    The Washington Free Beacon ^ | October 15, 2017 | Ali Meyer
    Tax could potentially affect 156,000 Americans who could see premiums rise even furtherAn Obamacare tax that will be imposed in 2018 will raise premiums even further and is estimated to cost $270 billion over the next decade, according to a report commissioned by UnitedHealth Group. The report was commissioned to examine how a tax imposed by Obamacare would impact premiums. Under Obamacare, health insurers that offer coverage are required to pay a fee on health insurance premiums they earn, which is also considered a tax by the IRS. Congress imposed a moratorium on collecting these taxes in 2017, but that...
  • Tax Amnesia and How to Fix It

    10/15/2017 6:39:44 AM PDT · by WWII_Historian · 12 replies
    American Thinker ^ | October 15, 2017 | Gary Gindler
    The long-term tax legacy in America is as such: the second and third items of the Communist Manifesto of Karl Marx – the progressive tax and the inheritance tax – are fully and legally implemented. Trump's plan leaves the second item of the Communist Manifesto intact (a progressive tax with some modifications) but terminates the third item – the tax on inheritance.
  • President Trump Struggling To Pass Tax Reform – Elites Look To Every Excuse To Block Him

    10/12/2017 8:49:52 AM PDT · by davikkm · 27 replies
    IWB ^ | Ruby Henley
    President Trump needs the support of Republican senators to pass key legislative items in the coming months. Upcoming measures include bills to raise the debt ceiling to avert default, fund the government to avoid a shutdown, and overhaul the American tax system. However, the out and out feud he has with Mitch McConnell may prove to be the undoing of his tax reform which the American people need and want. Speaker Paul Ryan (R-Wis.) is urging conservatives to bring it on. “I say: Let’s have this debate. Let’s tackle these baseless arguments head on,” Ryan said in prepared remarks for...
  • Trump Calls For Tax Law Changes For NFL Over Protests

    10/10/2017 6:53:30 AM PDT · by Enlightened1 · 28 replies
    Reuters ^ | 10/10/17
    WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday the National Football League should not be given tax breaks, wading back into his criticism of the league over silent player protests during the national anthem. “Why is the NFL getting massive tax breaks while at the same time disrespecting our Anthem, Flag and Country? Change tax law!” Trump wrote in a post on Twitter. It was not clear what exactly Trump was demanding, and representatives for the White House did not immediately reply to a request for comment. The NFL gave up its federal tax-exempt status in 2015, according...
  • While The GOP Has Their Spat With President Trump, He Just Wants Tax Reform For The American People.

    10/09/2017 12:40:29 PM PDT · by davikkm · 6 replies
    IWB ^ | Ruby Henley
    It really gets old, as President Trump struggles to bring tax reform to the American people, the GOP has to put up some type of roadblock. This time it is Senator Bob Corker (R-Tenn), who just had to get in a few stabs at President Trump. I wish they all could just accept Trump is our President, and they should respect the vote of the American people and work with him in a respectful manner. In their war of words, Corker, the chair of the Senate Foreign Relations Committee, tore into Trump in a New York Times interview, accusing the...
  • How the GOP Tax Plan Could Affect You: Who would benefit most and who would pay more

    09/27/2017 2:58:13 PM PDT · by SeekAndFind · 268 replies
    Consumer Reports ^ | 09/27/2017 | By Tobie Stanger
    A Republican-sponsored tax reform plan (PDF) unveiled Wednesday could reduce federal income taxes for many Americans, though the details are sketchy on who would benefit most and who would pay more. The "Unified Framework for Fixing Our Broken Tax Code," released by the Senate Finance Committee, reduces the number of tax rates to three, nearly doubles the standard deduction, and makes more people eligible for child- and adult-care tax credits.It also eliminates most other deductions, including those for state and local income taxes, but keeps deductions for mortgage interest and charitable contributions. The plan also eliminates the alternative minimum tax, or...
  • Here Is The Leaked Trump Tax Plan

    09/27/2017 8:56:15 AM PDT · by SeekAndFind · 53 replies
    Newz ^ | 09/27/2017
    This afternoon, during a speech in Indianapolis, President Trump was expected to reveal, for the first time, the details of the long-anticipated Republican tax reform proposal that calls for substantial business and individual tax cuts. But in a political era where every little thing is leaked to the media, we no longer have to wait for presidential speeches to learn the details of key pieces of legislation.  As such, below is a 9-page summary of Trump's tax plan courtesy of the latest leaks.Here are the highlights: GOALSThe Trump Administration, the House Committee on Ways and Means, and the Senate Committee...
  • Budget Director Mulvaney: 'Tax Reform...That's What's Going to Save the Country'

    09/13/2017 9:46:50 AM PDT · by ForYourChildren · 19 replies
    CNS News ^ | 09/13/2017 | Susan Jones
    President Trump is launching an all-out effort to move tax reform through Congress, quickly. In two tweets on Wednesday morning, President Trump urged Congress to get going: "The approval process for the biggest Tax Cut & Tax Reform package in the history of our country will soon begin. Move fast Congress!" the president wrote. And then: "With Irma and Harvey devastation, Tax Cuts and Tax Reform is needed more than ever before. Go Congress, go!" The president wants the biggest corporate tax cut he can get, and it doesn’t have to be revenue-neutral, White House Budget Director Mick Mulvaney told...
  • Rand Paul: GOP's swamp tactics could kill tax reform dead

    08/31/2017 5:37:06 PM PDT · by ForYourChildren · 64 replies
    Conservative Review ^ | 08/30/2017 | Chris Pandolfo
    Ahead of President Trump’s push for tax reform in Springfield, Missouri, Senator Rand Paul, R-Ky., published an op-ed demanding that Congress’ bill include real tax cuts and that the details of the bill be debated in the open. Decrying the talk from “wonks in Washington,” Paul argued that tax reform must not be “revenue neutral” through offsets elsewhere in the tax code. “Revenue neutral ultimately means that someone pays more for someone else to pay less. It means tax ‘reform’ without real tax cuts,” Paul wrote. “I fear that tax reform that mandates revenue neutrality will result in those with...
  • Trump: ‘Foreign Companies Have More Than a 60% Tax Advantage’ Over US Companies

    08/31/2017 5:33:23 PM PDT · by ForYourChildren · 11 replies
    CNS News ^ | 08/30/2017 | Melanie Arter
    During a rally in Springfield, Mo., President Donald Trump called on Congress to reform the U.S. tax code, including the business tax, saying it puts American companies at a disadvantage compared to countries like China, the United Kingdom, and Canada, which have lower corporate tax rates. The United States is “dead last” when it comes to the business tax, the president said. We have gone from a tax rate that is lower than our economic competitors, to one that is more than 60 percent higher. We have totally surrendered our competitive edge to other countries. We have totally surrendered. We're...
  • LIVE: President Donald Trump MAJOR SPEECH in Springfield, Missouri 8/30/2017 TRUMP TAX REFORM SPEECH

    08/30/2017 11:38:27 AM PDT · by bryan999 · 77 replies
    WATCH: President Trump Deliver Tax Reform Speech In Springfield, Missouri 8/30/2017 - President Trump Speech in Springfield, MO 8/30/2017 President Trump Participates in a Tax Reform Kickoff Event - President Trump Remarks on Tax Reform President Trump heads to Missouri today to build on a key message from his speech in Phoenix last week: that he's going to give Americans "the biggest tax cut in the history of our country."
  • First-ever water tax proposed to tackle unsafe drinking water in California

    08/26/2017 5:10:52 PM PDT · by lowbridge · 37 replies
    presstelegram.com ^ | August 24, 2017 | Katy Murphy
    For the first time Californians would pay a tax on drinking water, 95 cents per month, under legislation to fix hundreds of public water systems with unsafe tap water - a problem that's most pervasive in rural areas with agricultural runoff. Senate Bill 623, backed by a strange-bedfellows coalition of the agricultural lobby and environmental groups but opposed by water districts, would generate $2 billion over the next 15 years to clean up contaminated groundwater and improve faulty water systems and wells. "My message is short and direct: We are not Flint, Michigan," co-author Sen. Robert Hertzberg, D-Van Nuys, said...
  • Kayleigh McEnany: Major Legislative Victory Coming with RAISE Act and Tax Reform High Priorities

    08/08/2017 12:53:30 PM PDT · by Enlightened1 · 2 replies
    Breitbart ^ | 08/08/17 | John Hayward
    In her first interview since becoming the spokeswoman for the Republican National Committee (RNC), former CNN contributor Kayleigh McEnany talked to Sirius XM host Alex Marlow on Breitbart News Daily on Tuesday, during which she stressed the importance of Republicans unifying behind President Trump’s agenda. Marlow pointed out that, unfortunately, most of the key items from Trump’s 2016 presidential campaign are stalled in Congress. He asked what the RNC can do to clear away these legislative jams.McEnany replied that disappointed Republican voters should “stay tuned.”“Tax reform is coming,” she promised. “A family making $55,000, you’re going to see close...
  • SNAP Reform and Unhealthy Food and Beverage Taxation to Reduce the Need for Medicaid

    08/04/2017 10:05:45 AM PDT · by Brian Griffin · 44 replies
    self | 08/04/2017 | Brian Griffin
    There was an article in the Summer 2017 issue of "Good Medicine" that suggested removing SNAP ("food stamp" replacement) program eligibility for sweetened beverages, desserts, red meat, cheese, salty snacks, candy and sugar for health reasons. I support such SNAP eligibility removals, except for red meat or cheese. I'm not so sure that red meat or cheese should be removed from SNAP eligibility since so much of American agricultural land is only suitable for raising red meat/dairy product animals. That issue in "Good Medicine" also reported on the MIND diet to reduce Alzheimer's risk. The MIND diet was also reported...
  • A new tax on sugary drinks designed to generate revenue for cash-strapped Cook County .......

    07/31/2017 5:10:57 AM PDT · by sleeper-has-awakened · 71 replies
    illinoispolicy.org ^ | 06/28/17 | Robert Brutvan
    Full Title: A new tax on sugary drinks designed to generate revenue for cash-strapped Cook County will be the third burdensome tax applied to soda prices in Chicago, making a $4 12-pack of soda in the city cost $5.97. Beginning July 1, residents of Cook County may notice their grocery bills growing as a penny-per-ounce tax on artificially sweetened beverages takes effect.The new tax will be added on top of Chicago’s highest in the nation sales tax of 10.25 percent and the city’s 3 percent tax on non-alcoholic beverages. With the new sugary beverage tax, soda in Chicago will be...
  • Fixing the Tax Mess

    07/30/2017 5:18:39 AM PDT · by Kaslin · 15 replies
    Townhall.com ^ | July 31, 2017 | Bruce Bialosky
    Paul Ryan and his fellow members of Congress are forging ahead in an attempt to rearrange the deck chairs of our tax system before we all sink under the code’s voluminous verbiage. Many House members -- particularly in the Republican Party -- have moved toward simplification. T.R, Reid has authored A Fine Mess, his take on our tax system and how it compares to other countries, which some people are using as a benchmark for how to tackle the current tax entanglement. Mr. Reid has produced a very readable analysis of taxes with very few errors considering he is a...
  • First statewide bicycle tax in nation leaves bike-crazy Oregon riders deflated

    07/18/2017 10:40:03 AM PDT · by ItsOnlyDaryl · 33 replies
    Washington Times ^ | 7.17.17 | Valerie Richardson
    In Oregon, a state known for its avid bicycling culture, the state Legislature’s approval of the first statewide bike tax in the nation has fallen flat with riders.
  • First bicycle tax in nation leaving bike-crazy Oregon riders crazy.

    07/18/2017 12:59:41 AM PDT · by gattaca · 105 replies
    Washington Times ^ | 07/17/2017 | Valerie Richardson
    In Oregon, a state known for its avid bicycling culture, the state Legislature’s approval of the first bike tax in the nation has fallen flat with riders. Democratic Gov. Kate Brown is expected to sign the sweeping $5.3 billion transportation package, which includes a $15 excise tax on the sale of bicycles costing more than $200 with a wheel diameter of at least 26 inches. Even though the funding has been earmarked for improvements that will benefit cyclists, the tax has managed to irk both anti-tax Republicans and environmentally conscious bikers. BikePortland publisher Jonathan Maus called it “an unprecedented step...
  • Illinois Taxoholics Wear Down Rauner: Massive Tax Hikes In the Works

    07/02/2017 4:53:43 PM PDT · by ForYourChildren · 108 replies
    MishTalk ^ | 07/01/2017 | Mish
    Total capitulation by Governor Bruce Rauner is in the works. The taxoholics wore him down. In the emergency session, Rauner has agreed to hike the personal income tax rate to 4.95% from the current 3.75%. The corporate income tax rate will rise to 7% from the current 5.25% rate. For what? Nothing. Reforms are nonexistent. Another Deadline Come and Gone {..snip..}