Keyword: tax
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WASHINGTON—Treasury Secretary Steven Mnuchin refused to comply with a congressional subpoena for President Donald Trump’s tax returns on May 17. Mnuchin rejected the request from House Ways and Means Committee Chairman Richard Neal, a Democrat, saying that it lacks “a legitimate legislative purpose.” Neal’s request is one of a battery of efforts by Democrats targeting Trump that they initiated after gaining control of the House of Representatives in the 2018 midterm election. Trump refers to these efforts as “presidential harassment.”
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While many Democrats continue to push the lie that POTUS Donald Trump is a stooge of Russia their allies in the garbage American media are serving as propaganda mouthpieces for Communist China. On Monday, the Left-wing establishment press peppered the airwaves with one fabrication after another regarding the effect of POTUS Donald Trump’s latest round of tariffs on $200 billion worth of imported goods from China as a way of finally leveling the trade playing field between both countries that has long favored Beijing, and heavily. In the process, these same propagandists finally came clean about the effect of tax...
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The City of Oakland is in such dire financial straits that it is planning to use $2.9 million from state gas tax revenues to keep the city’s lights on, rather than using the money to fix pothole-riddled roads, for which the funding was intended. The San Francisco Chronicle reported Wednesday that the city is facing severe financial shortfalls, despite a booming economy that has seen wealthier households relocate from San Francisco across the bay to gentrifying neighborhoods. The problem is that the city’s costs are rising faster than its growing revenues, thanks partly to pension obligations — an increasingly common...
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On Tuesday’s broadcast of MSNBC’s “Hardball,” host Chris Matthews stated that if President Trump’s tax returns had been publicly known, “He wouldn’t have won” the 2016 election. Matthews said, “He wouldn’t have won. That’s the catch-22. If the American people found out the guy’s prancing around with the airplanes and skyscrapers, and he owns everything in the world, golf courses all over the world, and he doesn’t pay any taxes, they’d say, that’s not fair. You can’t be our leader. I think even the people in Pennsylvania, Wisconsin, and Michigan would say, at the margin, he’s not my guy. My...
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Treasury Secretary Steven Mnuchin on Monday told House Democrats he would not furnish President Trump’s tax returns despite their legal request, the latest move by Trump administration officials to shield the president from congressional investigations. Mnuchin, in a letter to House Ways and Means Committee Chairman Richard Neal (D-Mass.), said he had consulted with the Justice Department and that they had concluded that it would not be lawful for the Trump administration to turn over the tax returns because of potential violations of privacy. Mnuchin added that requests from Congress “must reasonable serve a legitimate legislative purpose” and that the...
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The House on Monday gave final legislative approval to a bill that would allow states to use more money they receive from federal excise taxes on guns and ammunition to upgrade and create public shooting ranges. HR 1222, the “Target Practice and Marksmanship Training Support Act,” was co-sponsored by Republican Rep. Rob Bishop of Utah and Democratic Rep. Ron Kind of Wisconsin. House passage followed last month’s Senate approval of the bill, according to TheBlaze. In the Senate, the bill was sponsored by Sens. Michael Bennet, a Colorado Democrat, and Shelley Moore Capito, a West Virginia Republican. The bill, which...
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It seems that Democrats are becoming more radical with each passing day. Earlier this month, trustee Jackie Hayden said at the Wayne Township Republican Organization website that Dianne Pappas, a Democrat state representative in the state of Illinois, suggested castrating men, then taxing them to store their sperm. This, she reportedly said, would end abortion. “You know ladies, with technology the way it is, we wouldn’t have an abortion problem if we applied a plan. Now, I’ve been told it’s a bit radical, but if we allowed men to be castrated, took the sperm to the bank, collected tax dollars...
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by Sheri Urban Freshman Congresswoman Alexandria Ocasio-Cortez (D-NY) recently caused havoc in her hometown when she helped destroy a deal between Amazon and New York which would have brought thousands of high-paying jobs to the city. Her biggest argument against the deal was the "massive tax breaks" being offered to Amazon by NY in order to create 25,000-plus jobs. But today is was just exposed that AOC herself once sought a tax break for her own business, according to the Washington Examiner. Yep, you heard right. Typical leftist hypocrite: socialism for thee but not for me. In 2012, Ocasio-Cortez...
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Comparing labor tax rates across countries is a tricky endeavor. Some countries rely mostly on income and payroll taxes charged to workers, others on payroll taxes charged to employers, and still others on compelling workers and employers to pay private parties who provide pension and health insurance products. To get an apples-to-apples comparison, you have to normalize all of these various schemes into a single labor tax concept that actually reflects just how much labor compensation is being put towards compulsory payments of one sort or another.The OECD produces a number of Taxing Wages publications each year that permit this...
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For over six years, California has had a top marginal income tax rate of 13.3 percent, the highest in the nation. About 150,000 households in a state of 40 million people now pay nearly half of the total annual state income tax. The state legislature sold that confiscatory tax rate on the idea that it was a temporary fix and would eventually be phased out. No one believed that. California voters, about 40 percent of whom pay no state income taxes, naturally approved the extension of the high rate by an overwhelming margin. California recently raised gas taxes by 40...
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The Treasury Department said on Wednesday evening that it would not immediately comply with a congressional request to hand over President Trump’s tax returns, setting up a protracted legal battle between two branches of government.
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Taxes have often been called a pain, but New York Democrats have achieved a true first by actually taxing pain. This Torquemada taxation is a new low even for New York’s pro-infanticide Democrats. The only possible next step is to actually tax each individual scream.
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Actual title: Congress Is About to Ban the Government From Offering Free Online Tax Filing. Thank TurboTax. Just in time for Tax Day, the for-profit tax preparation industry is about to realize one of its long-sought goals. Congressional Democrats and Republicans are moving to permanently bar the IRS from creating a free electronic tax filing system. Last week, the House Ways and Means Committee, led by Rep. Richard Neal, D-Mass., passed the Taxpayer First Act, a wide-ranging bill making several administrative changes to the IRS that is sponsored by Reps. John Lewis, D-Ga., and Mike Kelly, R-Pa. In one of...
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President Donald Trump’s tax returns will never be handed over to Democratic lawmakers, White House Chief of Staff Mick Mulvaney said on Sunday, defying an effort in Congress to learn more about the real estate mogul’s personal finances.Asked on “Fox News Sunday” if congressional Democrats will succeed in obtaining the Republican president’s tax returns, Mulvaney said: “No, never. Nor should they.” He dismissed an effort to obtain the returns, launched on Wednesday by U.S. House of Representatives tax committee Chairman Richard Neal, as a political ploy from Democrats who will never stop attacking Trump.
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Starting this week, companies are now required to charge you if you live in California. If you order something online from merchants with a brick-and-mortar store in California like Target or Kohls, consumers pay California sales tax. But buying something online from stores that don’t have an actual store in California, until now, didn’t charge a sales tax. California has now closed that loophole. The state law changed on April 1. Now, it doesn’t matter if an out-of-state company has a real store in California or not, online transactions
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It’s one of the most dreaded moments there is – opening your mailbox to find a letter from the Internal Revenue Service. “Even when it turns out to be good news or a check, we feel a frisson of fear, that chill going down the spine. Just seeing the envelope is so daunting,’’ says Eva Rosenberg, author of the bestselling book “The Trump Tax Cut: Your Personal Guide to the New Tax Law,’’ published by Humanix. But fortunately The Trump Tax Cut guidebook offers a series of simple steps you can take to minimize your chances of getting hauled before...
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My children you are far beyond where you see yourself now. I have made you out of the very fabric of Eternity as The angels, yet in My image and Breath . There IS No God but ME . I AM your answer and your ALL ,YOUR ETERNAL Partner, helper and Blessing with Hope as your bowtie and ring of Promise. I have your Destiny in My very hand on the tongue of My Spirit of Truth . Come to Me "Come up Higher where you belong my betrothed, for I shall never leave this Love we have AS ONE...
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NEW YORK (CBSNewYork/AP) – Gov. Andrew Cuomo and leaders of the New York State Legislature say they’ve reached a $175.5 billion state budget agreement. The deal includes congestion pricing, a controversial plan to charge drivers below 60th Street in Manhattan. A panel of experts will set the surcharges by the end of 2020, but sources tell CBS2 drivers in cars will pay around $11.50 and truck drivers will pay about $25. Possible discounts for some are still being worked out. Lawmakers say the money will be spent to fix the MTA. A statewide ban on most single-use plastic bags is...
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Not only does the logic show that carbon taxes in the West will invariably increase global CO2 emissions, but so does the empirical evidence. To begin with, data from the World Bank reveals that China, and other developing countries, produce far more carbon per dollar of economic output (at purchasing power parity) than do Western nations. For example, China produced 0.6 kilograms of carbon dioxide per dollar of economic output in 2014, whereas America produced 0.3 kg of CO2, and Germany produced just 0.2 kg. On top of this, China shows no signs of decreasing its emissions any time soon:...
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