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NYC has a controversial new plan to help families move out of its shelter system, and it involves paying $4000 of their moving related expenses. Although this program isn't yet open to single adult asylum seekers, it is also limited to only families who have federal work permission.

Travelers can be taxed at the airport for bringing two portable computing devices into MexicoWhether traveling for business or pleasure, most feel the need to remain tethered to the digital world in some capacity. Some travelers are discovering the hard way that Mexican customs agents in Cancun will tax them at the airport for bringing multiple electronic devices into the country. While tourists feel like they are suddenly being extorted, the law has always been on the books but just selectively enforced. Mexico’s law only allows one portable computing device to be brought into the country tax-free. The levy can...

A good idea is a good idea — maybe that's why Kamala Harris is stealing some of former President Trump's ideas on various issues, like his "no tax on tips" proposal. The vice president is making like it was her idea, and in an even more satisfying development, a Democrat Congressman — Rep. Steven Horsford (D-NV — on Tuesday introduced a bill to make tips given to service workers tax-free.Rep. Steven Horsford (D-Nev.) officially introduced legislation on Tuesday seeking to eliminate federal taxes on tips, a proposal that both major presidential candidates have backed. The Tipped Income Protection and Support...

Right now, the trillion dollars per year interest payments on federal debt exceed the entire budget of the Department of Defense. Former President Trump warns "this will bankrupt the country. We won't have the money to pay for anything else--no roads, no schools, no military, no medical care. We desperately need the government efficiency commission I have proposed for my second term." Secretary of the Treasury Janet Yellen called Trump's warning "unduly pessimistic. The federal government is not limited in the same way that a household or business is limited when it comes to acquiring the money it needs to...

Whether you like it or not, your government will now make you pay for women you’ve never met to kill their unborn babies! An unchallenged court ruling has officially made Nevada the 18th state to start spending Medicaid funds on “free” abortions for low-income women. This decision argues that denying coverage through the taxpayer funded program violates Nevada’s “Equal Rights Amendment” adopted in 2022. “With this victory, more Nevadans will be able to make the best personal medical decisions for themselves and their families,” cheered Erin Bilbray-Kohn, executive director of the Silver State Hope Fund, in a statement obtained by...

"The people who work overtime are among the hardest working citizens in our country -- When you pass 40 hours a week, your overtime hours will be tax free."

Republican U.S. presidential candidate Donald Trump said on Thursday that he will end all taxes on overtime pay as part of a wider tax cut package, if he is elected in the Nov. 5 election. "As part of our additional tax cuts, we will end all taxes on overtime," Trump said in remarks at a rally in Tucson, Arizona.

Social Security is among the rare topics that can make Republicans and Democrats see eye to eye, according to a new survey. In Pennsylvania, people on both sides of the aisle agree that it’s time to raise payroll taxes on high-income earners, cut benefits for the wealthiest retirees, and even push the full retirement age from 67 to 68 if that’s what it takes to keep Social Security from running out of cash. A new poll conducted by the University of Maryland’s Program For Public Consultation found majorities from both political parties want to see lawmakers tackle Social Security’s looming...

Vice President Kamala Harris’s tax plan would effectively vaporize nearly 800,000 full-time equivalent jobs, according to studies published by the Tax Foundation Tuesday. Harris’ proposals, including hiking corporate taxes to be among the highest in the developed world, would lower employment by roughly 786,000 full-time equivalent jobs, and reduce long-run gross domestic product (GDP) and wages by 2% and 1.2% respectively, the Tax Foundation found. Meanwhile, Trump’s proposals, including a 60% tariff on China, would lower employment by approximately 387,000 full-time equivalent jobs, lower long-run GDP by 0.2% and increase long-run wages by 0.6%.... ' Trump’s economic plan, including the...

A YES vote on Proposition KK would mean: a new tax on firearms, firearm parts, ammunition, and using the revenue for crime victim services, mental health services for veterans and youth, and school safety programs. A NO vote would mean: the state’s taxation of firearms and ammunition will not change. A new ballot measure in November would create a 6.5% excise tax on firearm-related purchases within the State of Colorado. The ballot measure, titled Proposition KK, is the result of a bill that was signed into law in May of 2024, but because it deals with taxes, it must be...

No, not her wealth, your wealth. Part of Democrat presidential nominee Vice-President Kamala Harris' plan to "transform America" entails redistributing some of the wealth. Two ideas that she is considering are taxing unrealized capital gains and increasing the death tax. Unrealized capital gains are increases in the value of assets like stocks, mutual funds, businesses, and property that hasn't been sold. For example, if the stock you bought for $20 a share 15 years ago is now valued at $100 a share on the stock exchange you would be assessed a tax for the $80 per share unrealized gain. Unless...

Billionaire Mark Cuban acknowledged that Vice President Kamala Harris' plan to tax unrealized capital gains would "kill the stock market," while insisting that she won't go through with it as dubious CNBC hosts pushed back in a contentious interview Thursday. Cuban joined CNBC's "Squawk Box" on the phone to discuss his support for Harris, revealing that he regularly communicates with her campaign to advise on economic issues. The interview took a turn when Cuban was asked about the Biden administration’s proposal – which the Harris campaign has indicated it supports – to tax investment returns that have not yet been...

Texas Attorney General Ken Paxton filed a lawsuit Friday to stop a county from using taxpayer dollars to pay a voter registration firm aligned with progressives to identify unregistered voters. Travis County is allegedly illegally paying taxpayer dollars to Civic Government Solutions (CGS), a voter registration firm, to create a list of unregistered voters for the county, according to the lawsuit. Travis County, home of Austin, Texas, is solidly blue, and CGS CEO Jeremy Smith has made statements in the past that encourage people to vote for progressive candidates.

WASHINGTON -- The IRS has collected $1.3 billion from high-wealth tax dodgers since last fall, the agency announced Friday, crediting spending that has ramped up collection enforcement through President Joe Biden's signature climate, health care and tax package signed into law in 2022. Treasury Secretary Janet Yellen and IRS Commissioner Danny Werfel traveled to Austin, Texas, to tour an IRS campus and announce the latest milestone in tax collections as Republicans warn of big future budget cuts for the tax agency if they take over the White House and Congress.

Vice President Kamala Harris is on record in support of a Death Tax hike, including plans to impose a second Death Tax by taking away stepped-up basis when parents die.Harris’ plans to increase the Death Tax are yet another example of the candidate’s willingness to punish hardworking Americans for their success, this time punitively hitting families experiencing the death of a loved one. Under current law, the cost basis of assets passing directly to heirs receives a “step-up” to its fair market value. Without stepped-up basis, family-owned businesses would be stranded with a massive tax on unrealized gains after the...

Former President Donald Trump says he would create a government efficiency commission to audit the entire federal government Trump says he’d create a government efficiency commission led by Elon Musk PHOENIX (AP) — Former President Donald Trump said Thursday he would create a government efficiency commission to audit the entire federal government, an idea suggested by billionaire Elon Musk, who would lead it. The commission is the latest attention-grabbing alliance between Trump and Musk, who leads companies including Tesla and SpaceX and has become an increasingly vocal supporter of Trump’s bid to return to the White House. The Republican presidential...

As Colorado lawmakers debate over how to confront rapidly increasing housing costs, more than a dozen city and town councils on the Western Slope have voted to support allowing local taxes on vacant homes and short-term rentals. The concepts, pitched by the Colorado Association of Ski Towns, or CAST, would have to be passed by the Colorado legislature and approved by local voters before they could take effect anywhere. “The lack of available and attainable housing for employees in Colorado mountain resort communities has reached a crisis level,” CAST wrote in the legislative policy statement approved by the towns. “The...

When a hurricane is coming, you board up the windows. When the IRS is planning a storm of audits of people who look just like you, you need an audit response plan. The IRS has been dropping a new press release with an explicit threat to the bank accounts of successful Americans every other month or so. Their messaging sounds increasingly political, and high-income taxpayers would be foolish to ignore what they’re saying: the IRS plans more audits of successful Americans to force them to pay more taxes. When a hurricane is coming, you board up the windows and stock...

California Democrats voted against Vice President Kamala Harris’ “no tax on tips” proposal”— an idea she stole from former President Donald Trump’s playbook. Democrats refused to consider the proposal without discussing or debating the issue. The bill would have alleviated some of the tax burden workers who rely on tips face. It would have exempted those tips from state income taxes and allowed hospitality and service industry employees, such as bartenders and waiters, to take home more of their paychecks. Earlier this month, I reported that Harris, who has refused to release a policy page on her campaign website, can...

One unshakable law of economics is this: What you reward, you get more of, and what you tax, you get less of. The government of the formerly Great Britain doesn't seem to understand this fundamental law. They are proposing to hike taxes and fees, and high-income and wealthy (which are not always the same thing) Brits are looking to the exits. We can hardly blame them.An exodus is being reported by bankers, financial advisers and business chiefs with experts warning that the Chancellor risks ruining hopes of faster economic growth with a widely expected increase in capital gains tax (CGT).It...