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  • U.S. appeals court rejects challenge by 4 states to state and local tax cap

    10/05/2021 9:50:46 AM PDT · by cotton1706 · 25 replies
    msn.com ^ | 10/5/21 | Jonathan Stempel
    A federal appeals court on Tuesday rejected efforts by four Democratic-leaning U.S. states to overturn former Republican President Donald Trump's decision to limit federal deductions on state and local taxes. In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals in Manhattan said the federal government had authority to impose a $10,000 cap on the state and local taxes that households' itemizing deductions could write off their federal returns. The decision is a defeat for New York, Connecticut, Maryland and New Jersey, which challenged the so-called SALT cap implemented as part of a $1.5 trillion tax overhaul in 2017....
  • Federal Judge Tosses Out Trump Campaign’s Lawsuit Against CNN

    11/12/2020 7:08:43 PM PST · by Coronal · 26 replies
    Forbes ^ | November 12, 2020 | Joe Walsh
    A defamation lawsuit brought against CNN by President Donald Trump’s campaign will not move forward, a federal judge in Georgia ruled Thursday, part of a raft of libel accusations the campaign waged against media outlets over the last year. Trump’s campaign filed the lawsuit in federal court in March, seeking damages for a 2019 opinion piece on CNN’s website that it called false and libelous. Judge Michael Brown dismissed the legal challenge on Thursday, arguing the campaign could not demonstrate that CNN published any inaccurate information intentionally or with reckless disregard for the truth, a high standard known as “actual...