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Keyword: taxreform

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  • Koch Group Launches $1.8M Ad Against Missouri's McCaskill

    07/19/2018 3:07:07 PM PDT · by SMGFan · 22 replies
    US News ^ | July 18, 2018
    The Missouri branch of Americans for Prosperity says it's spending $1.8 million on ads against Sen. Claire McCaskill. The television and digital ad announced Wednesday by the Koch-backed group accuses the Democratic incumbent of saying she supports tax cuts but voting against President Donald Trump's tax bill. A narrator in the ad says Missourians can spot a "politician who says one thing but does another." McCaskill repeatedly said she supports tax cuts for the middle class. But McCaskill says she voted against the law because it gave preferential treatment to the rich. A press release from McCaskill's campaign responding to...
  • Four Blue States Protest Tax Reform with a Frivolous Lawsuit

    07/19/2018 7:52:26 AM PDT · by SeekAndFind · 11 replies
    National Review ^ | 07/19/2018 | By JEFFREY DORFMAN
    The Constitution Does not Mandate Deduction of State Taxes. Four high-tax blue states — New York, Connecticut, Maryland, and New Jersey — have filed suit against the federal government over the recent tax reform. Specifically, they object to its limitation on the deduction for state and local taxes (SALT). Under federal tax law, filers are allowed to deduct property taxes (the local part) and either state income or sales taxes. But under the Tax Cut and Jobs Act (TCJA), the SALT deduction is now capped at $10,000. This deduction had been particularly valuable in high-tax, high-house-price states such as California...
  • Top Clinton Donor: Dems Taking Congress Would Cause ‘Chaos’ in Economy

    07/18/2018 2:47:57 PM PDT · by Kevin in California · 18 replies
    NTK Network ^ | 07-18-2018 | Staff
    Democrats could bring chaos to the U.S. economy if they take back Congress, a top Clinton donor warned on CNBC on Wednesday. Marc Lasry, who has fundraised for and advised the former secretary of state, told a panel on the business network that Democrats’ obsession with investigating President Trump “could lead to a shakeup in the stock market.”
  • Food Stamp Usage Drops Below 40 Million for First Time in 8 Years

    07/18/2018 10:43:12 AM PDT · by SeekAndFind · 49 replies
    Breitbart ^ | 07/11/2018 | Katherine Rodriguez
    Food stamp participation dropped below 40 million for the first time in eight years, according to the latest numbers on food stamp enrollment from the U.S. Department of Agriculture (USDA). The most recent USDA data reveals that 39,604,428 people were enrolled in the Supplemental Nutrition Assistance Program (SNAP)—the program that administers food stamps—as of April 2018. The last time enrollment dipped below 40 million was in February 2010, when 39,588,993 people received SNAP benefits. The latest data on enrollment shows that overall enrollment in the food stamp program has reached historic lows, reaching its lowest point in eight years. But...
  • Report: Feds Slam Michael Avenatti Over $452K in Unpaid Taxes

    07/06/2018 6:08:01 AM PDT · by Brilliant · 22 replies
    Newsmax ^ | 7/4/18 | Todd Beamon
    Federal attorneys are attacking attorney Michael Avenatti over nearly half a million dollars in unpaid federal taxes owed by his former law firm. The U.S. Attorney's Office in Los Angeles, in a federal court filing Tuesday, accused Avenatti of trying to scam the federal government out of a $452,000 tax payment that was due last month by his former law firm, Politico reports. The bankrupt firm, Eagan Avenatti LLP, agreed to make the payment last month to the IRS to resolve a bankruptcy case, but the funds were not received, according to the filing. "The debtor and its principle [sic]...
  • Pay Up! IRS Now Sending Tax Delinquents’ Names For Passport Denials

    07/09/2018 2:07:06 PM PDT · by SeekAndFind · 28 replies
    Hotair ^ | 07/09/2018 | Andrew Malcolm
    This is actually a good news story, but only if you’re a law-abiding, taxpaying American citizen.If, however, you’re among more than a third of a million Americans in a tax delinquent category, well, then this is not a good news story.It seems Congress passed a law three years ago requiring the Internal Revenue Service to cull out Americans who have more than $51,000 in overdue back-tax debts. Then, the IRS sends those names in batches over to the State Department where they file the names to deny those folks new passports or passport renewalsEventually, they may be cancelling existing...
  • GOP Enthusiasm Fueled By Trump Could Undercut Democrats' Midterm Hopes

    07/09/2018 8:22:46 AM PDT · by 11th_VA · 43 replies
    NPR ^ | Jul 8, 2018 | Asma Khalid
    Mike Davis didn't think Donald Trump could get elected. Davis is the kind of Republican who backed Ohio governor John Kasich in the 2016 primaries, the kind of Republican who subscribes to the Wall Street Journal. Davis, 64, is the former mayor of Dunwoody, Ga., a small city in the state's 6th Congressional District, one of the most highly-educated districts in the country. Ultimately Davis voted for Trump, mainly because he was worried about the tilt of the Supreme Court. With the nomination of another conservative justice expected on Monday, following the confirmation of Neil Gorsuch in 2017 and a...
  • Record 155,576,000 Employed in June; 10th Record for Trump

    07/06/2018 7:11:38 AM PDT · by GonzoII · 33 replies
    CNS ^ | July 6, 2018 | 8:40 AM EDT | Susan Jones
    (CNSNews.com) - "Our economic policy can be summed up in three very simple but beautiful but beautiful words," President Donald Trump told a rally in Montana Thursday evening: "Jobs, jobs, jobs," he said. On Friday, the Labor Department's Bureau of Labor Statistics said the economy added 213,000 jobs in June, a strong number; the number of employed Americans, 155,576,000, set its tenth record of the Trump presidency; but the number of unemployed Americans (which includes people who are actively looking for jobs) increased by almost half-a-million. The unemployment rate increased two tenths of a point to 4.0 percent. In June,...
  • New Jersey’s Tax Gift to Florida

    07/02/2018 12:44:58 PM PDT · by bkopto · 46 replies
    WSJ ^ | 7/1/2018 | Editorial staff
    Call it the consummate New Jersey compromise. Governor Phil Murphy and State Senate leader Steve Sweeney have been fighting over whether to raise tax rates on individuals or businesses, and over the weekend they decided to raise taxes on both. Messrs. Murphy and Sweeney agreed to raise the state’s income tax on residents making more than $5 million to 10.75% from 8.97% and the corporate rate on companies with more than $1 million in income to 11.5% from 9%. This will give New Jersey the fourth highest marginal income tax rate on individuals and the second highest corporate rate after...
  • Trade Fight Threatens Farm Belt Businesses

    07/02/2018 6:26:31 AM PDT · by reaganaut1 · 20 replies
    Wall Street Journal ^ | July 2, 2018 | Jesse Newman
    The U.S. Farm Belt helped deliver Donald Trump to the White House, drawn to his promises to revive rural America and deregulate industry. Now, the president’s global trade offensive is threatening the livelihoods of many farmers. Mounting trade disputes, spurred by U.S. threats to withdraw from the North American Free Trade Agreement and tariffs on billions of dollars’ worth of goods from key trading partners, have cut U.S. agricultural exports and sent commodity prices tumbling. Many farmers, who depend on shipments overseas for one-fifth of the goods they produce, say they are anxious, especially because they are already expecting bumper...
  • If you didn’t vote for Hillary, this is your fault

    07/01/2018 12:22:06 AM PDT · by 2ndDivisionVet · 137 replies
    The Chico Enterprise-Record ^ | June 29, 2018 | Cynthia Tucker
    It matters less, now, if President Donald J. Trump serves only one term. It matters less if he is impeached. It matters less if Robert Mueller indicts him for colluding with a foreign power. With the retirement of Justice Anthony Kennedy from the U.S. Supreme Court, Trump is a hairbreadth away from sealing his legacy as one of the most influential (if petty, crude, divisive, corrupt and antidemocratic) presidents in American history. It is hard to overestimate the magnitude of this development. Trump has promised to appoint another hardcore conservative, and Senate Majority Leader Mitch McConnell and his minions will...
  • Are Republicans Doomed? What do Demographics tell us?

    06/30/2018 7:57:14 AM PDT · by SeekAndFind · 112 replies
    American Thinker ^ | 06/30/2018 | By Thomas O'Malley
    For the past several years, political pundits on both sides of the aisle have been predicting a future with a permanent Democratic majority in the United States. As evidence, they point to increasing immigration of races that consistently vote over two to one for Democrats, and to the fact that young people overwhelmingly lean left. Republicans have won the popular vote only once in the past seven presidential elections, and Texas, the jewel in the Republican crown, is forecast to go blue in a decade or two because of its growing Hispanic population. These predictions have led to jubilation among...
  • The Rough Life of U.S. Senator Claire McCaskill

    06/30/2018 5:55:54 AM PDT · by Kaslin · 46 replies
    Townhall.com ^ | June 30, 2018 | John Loudon
    Can you imagine the pain of having to use your private jet because you broke your thousand-dollar tablet and couldn’t stand a creaky drawer in your luxury RV?Such is the rough life of U.S. Senator Claire McCaskill.Senator McCaskill’s phony campaign RV tour — parts of which she spent traveling on her private jet — definitively demonstrates how out of touch she is with hard working Missourians. When confronted with evidence of her dishonesty about her private jet, McCaskill whined, "I added some stops with the use of the plane, but I was on the RV so much that the broken...
  • Poll: Trump Gains Minority Support from Growing Economy

    06/29/2018 11:01:04 PM PDT · by ATOMIC_PUNK · 22 replies
    Rising optimism on the economy among racial minorities is boosting President Donald Trump’s chances in 2018, says a poll by Zogby Analytics. “Even though President Trump receives little support from these groups, things might be going just good enough economically that he can scrape enough support from these groups so that Republicans can retain control of Congress and Trump gets re-elected in 2020,” said the June 27 report by Zogby Analytics. The racial groups are vital to the Democratic Party’s elite-led raucous coalition of minorities, and any decline in their 2018 turnout could cripple Democrats’ hope of regaining power in...
  • Poll: Black, Asian, Hispanic support enough to help Trump win reelection

    06/29/2018 7:40:00 AM PDT · by 11th_VA · 43 replies
    washingtonexaminer.com ^ | June 29, 2018 09:49 AM | by Paul Bedard
    Confidence that African Americans, Asians and Hispanics have in their personal finances improving over the next four years should be enough to help GOP leaders retain control of Congress in the midterm elections and reelect President Trump, according to a new survey. While generally not fans of the president, the three key groups have a good feeling about their future and that should temper their concerns at the polls, said the survey from Zogby Analytics. “Even though President Trump receives little support from these groups, things might be going just good enough economically that he can scrap enough support from...
  • MAGA Earthquake Hits Minnesota: “The crowd at Trump’s Minnesota rally was 60% Democrat and Indep

    06/26/2018 6:10:10 PM PDT · by bitt · 106 replies
    CONSERVATIVE TREEHOUSE ^ | 6/26/2018 | SUNDANCE
    Quick, with MAGA-shocking news reverberating there’s a mid-west rush on winnamins. Remember that massive MAGA Trump rally last week in Duluth Minnesota? That would be the 9,000 strong rally where twice as many were turned away? Well, the data team at MAGA HQ have crunched the numbers and Brad Parscale shares the results: “The crowd at the Minnesota rally was 60% Democrat and Independent.”
  • Thanks To Tax Cuts, Companies' Overseas Profits Now Flooding Back To U.S.

    06/27/2018 9:28:55 AM PDT · by SeekAndFind · 18 replies
    IBD ^ | 06/27/2018
    They said it wouldn't happen, but it did: The money companies stashed overseas to protect them from high U.S. corporate tax rates is flooding back in, boosting growth, jobs and confidence in the economy. Thank the Trump tax cuts. All told, the Bureau of Economic Analysis (BEA) reported, some $305.6 billion returned to the U.S. from overseas accounts. That's a $1.2 trillion annual rate, and far more than the $35 billion one year before. The BEA's analysts explain why this happened: "The large magnitudes (of inward capital flows) ... reflect the repatriation of accumulated earnings by foreign affiliates of U.S....
  • Trump treks to Capitol Hill as immigration firestorm rages

    06/19/2018 2:57:32 PM PDT · by Mariner · 55 replies
    Politico ^ | June 19th, 2018 | By RACHAEL BADE
    President Donald Trump heads to Capitol Hill Tuesday evening to rally House Republicans behind an immigration bill he panned just five days ago. Now Republicans have to decide: Which Trump do they believe? Speaker Paul Ryan and his top lieutenants are well aware that only the president can give conservatives cover to vote for a bill that includes a pathway to citizenship for Dreamers — a huge leap for those who once dismissed that idea as “amnesty.” It’s why leadership invited Trump for a rare meeting with the entire Republican conference, just days after he indicated he might veto the...
  • THE PERIL OF POLITICIZED ANTISEMITISM-Dem's libels against against Trump mask dire problem in ranks

    06/22/2018 5:32:56 AM PDT · by SJackson · 19 replies
    Frontpagemagazine/Jerusalem Post ^ | June 22, 2018 | Caroline Glick
    Jewish Democrats' libels against Trump mask a dire problem in their ranks. Google search of the terms “Trump Nazi,” brings up 70,900,000 results. There are a number of distressing aspects to this state of affairs. First and foremost, it is pure libel to call US President Donald Trump a Nazi. His daughter Ivanka is Jewish. His daughter-in-law is Jewish. Half his grandchildren are Jewish and his non-Jewish ex-daughter-in-law is half Jewish. How many Nazis have Hanukka celebrations in their homes starring their Jewish grandchildren? Beyond his Jewish immediate family, Trump has shown extraordinary friendship to the Jewish state. It isn’t...
  • Supreme Court ignores obvious solution to Internet sales tax debate in Wayfair ruling

    06/24/2018 12:56:31 PM PDT · by Tolerance Sucks Rocks · 83 replies
    The Washington Examiner ^ | June 21, 2018 | Mattie Dupler
    One question before the Supreme Court this term was a big one: As technology evolves, how do our laws governing commerce evolve with it? The answer, issued in the ruling held in a 5-4 decision on Thursday, is a bad one for taxpayers. Many proponents of an online sales tax have argued that we must completely revisit what we know about interstate commerce, and create illusory tax regimes to contemplate a brave new order of online transactions. In reality, none of this is true. For one, while it has been 26 years since the Supreme Court visited the issue in...