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New York Rep. Alexandria Ocasio-Cortez (D) is leading a campaign urging Gov. Andrew Cuomo (D) to implement a tax on the state’s billionaires. A video released Thursday featuring progressives like Ocasio-Cortez and state Sen. Jessica Ramos (D), who sponsored a bill in 2018 that would tax the unrealized capital gains of the state’s 119 billionaires, argues for a new tax on the high-income residents. “There’s no reason why working families in New York state, one of the richest states in this country, should be in so much need of basic necessities, when we have the largest concentration of billionaires in...

Possible Hannity ad up front.

Why 3 weeks? That's how long it takes to reserve a one-way U-Haul outbound. a U-Haul agent told us a few weeks ago. Illinoisans Leave State in Record Numbers, and So Are We On January 2, 2020 I announced Illinoisans Leave State in Record Numbers, and So Are We I am pleased to report we loaded our U-Haul rental yesterday and I am on the road driving to our new home in Utah. Right now we are just a few hours into the trip, but we have crossed the state line and are now in Iowa. Goodbye Illinois On...

Gov. Phil Murphy and his fellow Democrats who lead the state Legislature agreed to a plan Friday that would allow New Jersey’s state government to borrow up to nearly $10 billion to help make up massive losses in tax revenue wrought by the coronavirus pandemic. Almost immediately, top Republican leaders announced they plan to file lawsuits to prevent the move, calling the plan “clearly unconstitutional.” Murphy said New Jersey is facing possibly a $20 billion hole in its state budget, and borrowing is one of a few necessary moves the state needs to take balance the budget and avoid widespread...

President Donald Trump lashed out at the city of New York after the Supreme Court ruled against him, granting a Manhattan prosecutor access to Trump's financial records. Trump said “This is purely political. I win at the federal level and we won very decisively and so they send it into New York... And you know what’s going on in New York. Everyone’s leaving. It’s turned out to be a hellhole. They better do something about it because people are leaving New York, but this is a political witch hunt.”

The Supreme Court said it will announce the last of the decisions from its current term on Thursday, which almost certainly means the court will reveal its rulings on whether Congress and a New York state prosecutor can get access to President Donald Trump's business records, including his tax returns. The Trump rulings will be announced beginning at 10 a.m. ET, unless the court is unable to reach a decision and wants them held over to be reargued next term, which seems unlikely. Three House committees issued subpoenas for several years' worth of financial records from Mazars, the Trump organization's...

It is critical that the Republicans retake the House and keep the Senate and of course the White House. I have an idea the will: 1) show the American people whose side Republicans are on 2) show the American people whose side the Democrats are on because it will be impossible for them to oppose but they will 3) not cost very much because it is already happening

In an interview with The Hollywood Reporter, loser of the 2016 presidential election Hillary Clinton boasts that "I would've done a better job handling the pandemic than Trump." "First, if I had been the president when the virus struck there would have been no need to shut down the economy," Clinton asserted. "The only reason for shutting down the economy was to deflate the economic gains in profits and jobs sparked by Trump's tax cuts and deregulation. This unwarranted prosperity would never have happened if I were running the federal government. Dr. Fauci wouldn't have been allowed to issue dire...

<p>Because we’re marking the adoption of the Declaration of Independence by the Continental Congress, it would be instructive to see where we are today by comparing a few passages from our founding document with current events.</p> <p>1776: King George III has “sent hither swarms of officers to harass our people, and eat out their substance.”</p>

SEATTLE, WA - The Seattle City Council has taken a key step toward adopting a new tax on big businesses just two years after the council buckled under pressure from corporations such as Amazon and the prospect of a voter referendum and repealed a big business tax. The council voted in a budget committee meeting Wednesday to advance a proposal expected to raise more than $200 million per year, The Seattle Times reported. A final vote by the full council is set for Monday. The tax repealed weeks after it was adopted two years ago was expected to raise $47...

June 30 (UPI) -- The Treasury Department and Internal Revenue Service say the tax filing deadline won't be extended beyond July 15. The normal April 15 deadline was postponed to July to help taxpayers facing hardship due to the coronvirus pandemic. There have been some calls for another extension, and Treasury Secretary Steven Mnuchin said the agencies mulled delaying it until September. "The IRS understands that those affected by the coronavirus may not be able to pay their balances in full by July 15, but we have many payment options to help taxpayers," IRS Commissioner Chuck Rettig said in a...

Joe Biden has been consistent throughout his presidential campaign: Some level of higher taxes is coming. In a donor meeting Monday evening, Biden said he was "going to to get rid of the bulk of Trump's $2 trillion tax cut." He added about President Trump's 2017 tax law, enacted with a Republican Senate and a House then under Republican control, "A lot of you may not like that, but I'm going to close loopholes like capital gains and stepped-up basis," mentioning the numerous wealthy people in attendance virtually. “Folks, this is going to be really hard work, and Donald Trump...

The recession is hitting state and city budgets hard in the new fiscal year that starts on July 1. They are responding by firing workers, reducing services, and even increasing taxes. Massive federal aid is the only real solution. The new fiscal year for 46 states and many cities begins on Wednesday. And a flood of red ink caused by the deep pandemic recession is forcing them to fire workers, reduce spending and services, and even raise taxes (one of the worst things you can do in a recession). Without Congress providing up to $1 trillion in federal aid, non-federal...

In 2016, Hillary Clinton ran for president proposing $1 trillion in tax increases. Would President Trump’s blue-collar boom ever have gotten off the ground with such a back-breaking tax burden? But now, four years later, former vice president Joe Biden thinks he has a better idea. In his third run for the White House, Biden is proposing tax increases of nearly $4 trillion over the next 10 years. If he wins in November and these increases were to pass, they’d be the highest in American history - indeed, in world history. President Trump’s 2017 tax reform cut taxes for corporations,...

Undocumented immigrants with young children will now have a chance to get two tax breaks in the California budget now headed to Gov. Gavin Newsom for his expected signature. The tax credits will be available to eligible California workers with Individual Tax Identification Numbers and at least one child under the age of 6. Currently, the California Earned Income Tax and Young Child Tax credits are available only to eligible California workers with Social Security Numbers. Read more here: https://www.sacbee.com/news/politics-government/capitol-alert/article243742367.html#storylink=cpy

What gives urgency to debates about race in America today -- and what drives the reparations movement, are two basic facts," Walter Russell Mead writes in the Wall Street Journal. The first, he says, is that "The median white household has a net worth of $171,000, roughly 10 times the median net worth of black households." The second is that the gap "is essentially unchanged from the levels of 1962." The persistence of this gap advances the case, advocates say, for racial reparations. Like Mead, I find the case unpersuasive, and for reasons beyond those he mentions. For one thing,...

Not to count our chickens before they hatch, but Seattle is poised to actually follow through on a progressive revenue option. Or three. As long as the council doesn't pull some of that 2018 head tax nonsense. There are multiple tax options that the Seattle City Council is considering: Councilmembers Kshama Sawant's and Tammy Morales' Tax Amazon package or Councilmember Teresa Mosqueda's JumpStart Seattle plan. And, it looks like Councilmember Andrew Lewis just introduced a capital gains tax proposal: Councilmember Andrew J. Lewis @CMAndrewJLewis 1/ We live in a time of enormous inequity and our regressive tax system isn't helping....

Americans should be encouraged by the United States Trade Representative’s (USTR) office’s recent announcement that it is ramping up its defense of innovative American companies from aggressive digital tax plans being cooked up in Europe. For years, foreign countries have been crafting schemes to impose digital taxes that unfairly target American companies in a naked attempt at squeezing them for more revenue. While the Trump administration has long opposed these efforts, USTR has indicated that it is reaching deeper into its toolbox to help mount a defense against these efforts.  The Trade Representative’s announcement stated that it was investigating several...

At a time our country faces a massive recession brought on by the coronavirus lockdowns, America’s welfare state exacerbates that stagnation. Ronald Reagan had an old adage about the nine most terrifying words in the English language: “I’m from the government and I’m here to help.” Recently, a new paper reinforced that truth and adds to the existing literature showing how America’s welfare state often traps generations in a cycle of poverty.At its core, a complicated set of welfare programs and tax breaks generate sizable incentives for many low-income Americans not to increase their incomes and improve their station in...

President Donald Trump's niece Mary L. Trump is publishing a book that will reveal herself to be the primary source of a New York Times investigation into the president's finances, The Daily Beast reported. Mary Trump will say she supplied The Times with confidential family tax documents, The Daily Beast said. The Times investigation later revealed that the president wasn't a self-made man but had his father bolster his failing businesses in the 1990s with hundreds of millions of dollars. Mary Trump is the daughter of Fred Trump Jr., the president's older brother who died in 1981 at the age...