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Keyword: taxes

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  • Top Dems Split from Pelosi on Tax Cut Criticisms, 'Crumbs' Statement

    02/22/2018 2:32:45 AM PST · by Libloather · 9 replies
    Fox News ^ | 2/21/18
    Several top Democratic congressmen are distancing themselves from House Minority Leader Nancy Pelosi over her harsh criticism of President Trump's tax cuts. Democratic National Committee Vice Chairman Rep. Keith Ellison (D-Minn.) pushed back on Pelosi's comment that bonuses paid to employees by various companies were mere "crumbs." "The income inequality is so bad, that if you could pick up $1,000 or $900, maybe it helps," he said in comments reported by Axios.
  • L.A. County's homeless problem is worsening despite billions from tax measures

    02/19/2018 10:11:15 AM PST · by BenLurkin · 41 replies
    Los Angeles County's homeless population is increasing faster than the supply of new housing, even with the addition of thousands of beds in the last two years and millions of dollars beginning to flow in from two ballot measures targeting the crisis, according to a long-awaited report by the region's homelessness agency. The report showed that officials two years ago far underestimated how much new housing would be needed when they asked city and county voters to approve the tax measures. ... Peter Lynn, executive director of the homeless authority, said Friday that new cost figures had not been calculated,...
  • Pelosi Tries to Extend $137,000 Tax Break for Two of Her Multi-million-Dollar Homes

    02/20/2018 7:48:20 PM PST · by Pining_4_TX · 29 replies
    Washington Free Beacon ^ | Jan. 25, 2018 | Susan Crabtree
    House Minority leader Nancy Pelosi (D.,Calif), who often rails against income inequality and calls on the wealthy to pay its "fair share" in taxes, took pains in late December to try to preserve tax breaks for two of her multi-million- dollar homes one last time before the new tax law kicked in.
  • Mitt Romney's Father May Have Been 'Brainwashed' But I'm Not Drinking The Kool Aid Now

    02/20/2018 1:56:05 PM PST · by Nextrush · 22 replies
    Nextrush Free ^ | 2/20/2018 | Nextrush/Self
    "Well you know when I came back from Vietnam I just had the greatest brainwashing that anybody can get...." Governor George Romney-"Lou Gordon Show"-September 1967 "@Mitt Romney has announced he is running for Senate from the wonderful state of Utah. He will make a great successor and worthy successor to @Orrin Hatch and has my full support and endorsement" President Donald J. Trump endorsement of Mitt Romney on Twitter-2/19/2018 ".....There may want to be a lot of people out there that want, want to drink the Trump Kool Aid and to be honest with you I want to drink it,...
  • The Awful Republican Budget Is a Reminder That Federal Revenues Are Way Too High

    02/20/2018 9:05:48 AM PST · by SeekAndFind · 7 replies
    Forbes ^ | 02/20/2018 | John Tamny
    Eager to meet its target of 80,000 new soldiers without compromising quality, last fall the U.S. Army expanded its signing-bonus pool by hundreds of millions. Time will tell if the Army succeeds in its endeavor, but that’s arguably not the point. The point of the story is to remind readers that governments don’t tax and borrow dollars in order to stare lovingly at the money. Just as we civilians seek “money” for what it can be exchanged for, so do governments. The money they spend is an explicit sign of how much control they have over the economy. The more...
  • A million dollars a minute

    02/18/2018 11:26:07 AM PST · by Tolerance Sucks Rocks · 4 replies
    The Washington Times ^ | February 14, 2018 | Andrew P. Napolitano
    Imagine you open the faucet of your kitchen sink expecting water and instead out comes cash. Now imagine that it comes out at the rate of $1 million a minute. You call your plumber, who thinks you’re crazy. To get you off the phone, he opines that it is your sink and therefore must be your money. So you spend it wildly. Then you realize that the money wasn’t yours and you owe it back. Now imagine that this happens every minute of every day for the next three years. At the end of the three years, you owe back...
  • Poll portends tough sledding for California gas tax increase

    02/16/2018 8:06:37 AM PST · by 11th_VA · 25 replies
    bondbuyer.com ^ | February 16 2018 | By Keeley Webster
    The recent gas tax hike in California enacted to fund transportation projects could face tough sledding in the face of a repeal effort. Likely voters were nearly evenly split on the issue with 47% saying they favor repeal, while 48% said they oppose it, in a poll released Feb. 7 by the Public Policy Institute of California. The creator of the initiative to repeal a gas tax hike and vehicle fee increase approved by the state legislature last year to support transportation projects said signature gathering efforts are right on track. (You need to pay if you want to know...
  • Trump budget would cut roads fund that would pay for I-81 in Syracuse, Schumer says

    02/15/2018 1:07:18 AM PST · by Tolerance Sucks Rocks · 29 replies
    The Syracuse Post-Standard ^ | February 13, 2018 | Mark Weiner
    WASHINGTON -- President Donald Trump's $4.4 trillion budget plan would slash funding for interstate highways, jeopardizing New York's plan to transform a stretch of Interstate 81 in Syracuse in the next decade, U.S. Sen. Charles Schumer said Tuesday. The plan unveiled Monday by the White House would cut the federal Highway Trust Fund by $122 billion over 10 years, drying up the main source of federal aid to the states for road projects and mass transit. Schumer said such a deep cut would make it more difficult for New York state to compete for federal money to demolish the elevated...
  • THOUSANDS OF ISRAELI AMERICANS TO BE HIT BY TRUMP CORPORATE REPATRIATION TAX

    02/14/2018 8:34:36 PM PST · by aimhigh · 20 replies
    Jerusalem Post ^ | 02/14/2018 | MAX SCHINDLER
    Thousands of Americans living in Israel are likely to get ensnared by a onetime corporate repatriation tax that the US Congress had intended to apply to Apple and Google, not individuals. Tax experts contacted by The Jerusalem Post warned that Israeli Americans who self-incorporated – setting up Israeli corporations to avoid paying taxes on the self-employed such as US Social Security – would be subject to a onetime tax on 30 years of profits accumulated in their Israeli corporations – from January 1, 1986, to December 31, 2017.
  • Mark Penn to Schumer: Stop Trashing Tax Cuts, Get Back to Santa Claus

    02/14/2018 4:56:38 PM PST · by Kaslin
    Rush Limbaugh.com ^ | February 14 | Rush Limbaugh
    RUSH: What happened to the call from the woman who wanted me to explain what she thinks is being hypocritical? Where did she go? Did she just…? (interruption) She disappeared. There was a woman on the line, she was the next caller up — and she knows who she is — and she blew it. She hung up. Maybe her battery ran out or maybe something else happened. But she was going to ask me, “How in the world can you on one hand be talking about how the Democrats are imploding — as you have been — and then...
  • IRS warns that tax preparer and refund scam is getting worse

    02/14/2018 9:00:59 AM PST · by Oldeconomybuyer · 22 replies
    CBS "News" ^ | February 14, 2018 | By KATHY KRISTOF
    A tax scam aimed at stealing consumer refunds has ballooned, with the IRS reporting that the number of potential victims has soared from a few hundred to "several thousand in just days." Uncovered in the first week of filing season, the con appears to have started in tax preparers' offices, where infected computers provided access to complete return data on thousands of consumers. The crooks are using the purloined data - including Social Security numbers, dependents data and even bank account information - to file refund claims on behalf of the victimized taxpayers. The IRS does not know how many...
  • GOP rep unveils 'Crumbs Act' to make bonuses tax-free, in swipe at Pelosi

    02/14/2018 2:17:23 AM PST · by Libloather · 28 replies
    Fox News ^ | 2/13/18 | Samuel Chamberlain
    A Republican lawmaker is set to unveil legislation that would make most bonuses given out as a result of President Trump's tax reform plan tax-free -- and took a jab at House Minority Leader Nancy Pelosi with the bill's name. Rep. Todd Rokita, R-Ind., has dubbed his bill the "Creating Relief and Useful Middle-Class Benefits and Savings" -- or "CRUMBS" Act. Pelosi, D-Calif., famously referred to the bonuses as "crumbs" in criticizing the tax plan last month. "Americans are receiving thousands of dollars in bonuses and more money in their paychecks thanks to President Trump's tax reform, but out-of-touch Democratic...
  • Feds Collect Record Revenue After Tax Cut

    02/13/2018 5:10:08 PM PST · by Kaslin · 11 replies
    Rush Limbaugh.com ^ | February 13, 2018 | Rush Limbaugh
    RUSH: “Feds Collect Record Taxes in First Month Under Tax Cuts.” When I saw this, I wondered how many people are gonna say, “Rush was right.” I wonder how many people are gonna say, “Rush told us this was gonna happen.” I wonder how many people are gonna remember for the last 30 years, “Yep. This is exactly what works every time it’s tried. Rush told us.” Quote: “The federal government this January ran a surplus while collecting record total tax revenues for that month of the year, according to the Monthly Treasury Statement released [Monday]. January was the first...
  • Feds Collect Record Taxes in First Month Under Tax Cut; Run Surplus in January

    02/13/2018 10:46:12 AM PST · by Red Badger · 23 replies
    www.cnsnews.com ^ | 02/12/2018 | By Terence P. Jeffrey
    (CNSNews.com) - The federal government this January ran a surplus while collecting record total tax revenues for that month of the year, according to the Monthly Treasury Statement released today. January was the first month under the new tax law that President Donald Trump signed in December. During January, the Treasury collected approximately $361,038,000,000 in total tax revenues and spent a total of approximately $311,802,000,000 to run a surplus of approximately $49,236,000,000. Despite the monthly surplus of $49,236,000,000, the federal government is still running a deficit of approximately $175,718,000,000 for fiscal year 2018. That is because the government entered the...
  • San Francisco is experiencing a ‘mass exodus.’ The city’s liberal policies are to blame.

    02/12/2018 7:21:52 PM PST · by Beave Meister · 42 replies
    The Blaze ^ | 2/10/2018 | Chris Enloe
    San Francisco is experiencing a “mass exodus” as tens of thousands of residents leave the Bay Area while an influx of immigrants flood the sanctuary city, according to KPIX-TV. What’s going on? For the first time in decades, more people are leaving San Francisco than there are new people moving to the city. The mass exodus has propelled the Bay Area to the nation’s leading city for “out-migration.” One of the reasons for the exodus is the cost of living in San Francisco. According to the Mercury News, the median price for homes in Silicon Valley fall anywhere between $800,000...
  • $560M lottery winner losing $14k a day in interest in court fight to remain anonymous

    02/09/2018 5:08:36 AM PST · by sodpoodle · 47 replies
    Union leader ^ | 2/8/2018 | kimberly Houghton
    NASHUA — The mysterious New Hampshire woman claiming to have won the $560 million Powerball ticket sold last month is losing about $14,000 a day in interest, according to the attorney who is trying to fast-track a court hearing in the case. The woman has not yet submitted her winning ticket to the New Hampshire Lottery Commission in the hopes that a Hillsborough County Superior Court judge will allow her identity to remain a secret — even though she already signed her name on the winning ticket purchased at Reed’s Ferry Market in Merrimack. New Hampshire Lottery Commission rules and...
  • Go Figure: Tax Revenues Climbed $18 Billion In First Month Of GOP Tax Cuts

    02/08/2018 2:09:18 PM PST · by mandaladon · 13 replies
    Hot Air ^ | 8 Feb 2018
    Wait, weren’t the tax cuts supposed to bankrupt the country to benefit the rich? It almost looks like the tax cuts — which took effect in January — are paying for themselves. That wouldn’t be fair, either. As the CBO notes, the new payroll withholding scheduled hadn’t fully taken effect in January; companies don’t have to update their employee tax withholdings until the middle of this month. When that happens, monthly revenues from individual income taxes will likely slip. But the latest CBO report does show how a growing economy can make up a lot of the difference between the...
  • Chipotle, citing tax changes, sends bonuses, ups benefits

    02/08/2018 6:50:33 AM PST · by SoFloFreeper · 7 replies
    ABC ^ | 2/7/18
    Chipotle is the latest company to give out one-time cash and stock bonuses, and will broaden parental leave benefits for workers following sweeping changes to U.S. tax law.
  • Are Liberals Rooting Against America? (Sure Looks Like It)

    02/06/2018 5:22:55 AM PST · by Kaslin · 16 replies
    Townhall.com ^ | February 6, 2018 | Stephen Moore
    The unseemly sight of nearly the entire Democratic congressional delegation sitting on their hands and clinging to their chairs throughout Donald Trump's State of the Union speech is further evidence that they want America to fail on Trump's watch. Hundreds of American companies are bringing jobs to America and paying American workers bonuses: Democrats sat stone-faced. The lowest black unemployment rate in 40 years: Democrats smirked. We are defeating ISIS in the Middle East: Ho-hum. Many on the left are suffering from a severe case of anti-Trump derangement syndrome. ATDS sufferers crave bad news. In a bright, sunny economic sky,...
  • Gov. Dannel Malloy Offers Plan To Ease Connecticut Tax Burden

    02/05/2018 5:14:16 PM PST · by Pontiac · 37 replies
    WSJ ^ | Feb. 5, 2018 | Joseph De Avila
    Gov. Dannel Malloy on Monday proposed legislation to help Connecticut residents make up for $10 billion in lost federal tax deductions under the recent tax overhaul.His plan aims to assist Connecticut homeowners who face higher federal tax bills because the new law caps state and local tax deductions at $10,000 a year. To get around that cap, Mr. Malloy’s proposal would give towns authority to form charitable organizations that residents can contribute to in exchange for property tax credits.Charitable contributions kept their full deductibility under the tax overhaul.The governors of New York, New Jersey and Connecticut also said in January...