Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $21,998
27%  
Woo hoo!! And we're now over 27%!! Thank you all very much!! God bless.

Keyword: socialwelfarebill

Brevity: Headers | « Text »
  • Biden push for $2.5B tax break for lawyers spurs accusations of political payoff

    11/23/2021 6:46:41 PM PST · by Jim Robinson · 17 replies
    Washington Times ^ | Nov 23, 2021 | By Haris Alic
    Democrats have tucked a lucrative $2.5 billion tax break inside President Biden’s multitrillion-dollar social welfare bill that would benefit the trial lawyers lobby, spurring Republican accusations of political backscratching. The tax break allows trial lawyers working on a contingency basis, meaning they are paid only if a case is settled in their favor, to deduct expenses immediately. Such expenses include hourly labor fees and the expenses associated with waging a lawsuit, such as filing and deposition costs. On average, according to the American Bar Association, the fixed rate for contingency cases is anywhere between 33% and 40% of the total...