The number of electric, gas and water utilities cutting customer charges due to the recently passed Republican tax cuts has passed 100, and the total savings is about $3 billion. According to Americans for Tax Reform, the number has reached 101 with most utilities either cutting bills or not passing on the costs of expanding […]
Sen. John McCain’s Staffer Urged IRS to Engage in ‘Financially Ruinous’ Targeting of Tea Party Groups…
$3 Billion Payoff: 101 Utilities Cut Rates, Credit GOP Tax Cuts…
Pelosi: ‘Accurate’ to say I want to roll back GOP tax cuts…
House Minority Leader Nancy Pelosi, D-Calif., said Tuesday that it is “accurate” to say she wants to roll back the Republican tax law. When asked by Politico about an ad released by the National Republican Congressional Committee, which claimed that Pelosi wants to institute a single payer healthcare system and raise taxes, the House Democratic […]
Press Briefing – U.S. Japan Summit at Mar-a-Lago (Audio and Transcript)…
White House Press Briefing by National Economic Council Director Larry Kudlow and National Security Council Senior Director for Asian Affairs Matthew Pottinger. Today’s briefing is happening during a Presidential summit with Japanese Prime Minister Shinzo Abe. Kudlow is discussing the trade and economic issues; Pottinger is discussing national security issues surrounding negotiations with North Korea. […]
Top 20% of Americans Will Pay 87% of Income Tax…
One of the least discussed parts of America’s income tax is how progressive it is, and the tax overhaul didn’t change that fact. In 2018, top earners will pay a higher share of income taxes. The individual income tax matters—a lot—because it is the largest single source of U.S. revenue. And its share has risen […]
Tax Trouble For Certain Bitcoin Traders…
What do you do, come April 17, if you made a ton of money trading crypto last year and have since lost most of it? Panic, probably. A lot of last year’s winners are in deep porridge now. They owe tax on 2017 profits. They’re losing money now, so it’s not easy to come up […]
Ouch!: Amazon Stock Drops $260B Following Trump’s Tweets…
Who says name-calling doesn’t hurt? Amazon investors can measure the pain of President Trump’s Twitter attacks over the past three trading days in dollars. They’ve lost a collective $260 billion as the e-commerce giant’s shares tumbled 2.8 percent since the president’s March 29 renewal of his social-media onslaught against the company run by Washington Post […]
4 Big Supreme Court Cases to Watch Over the Next Six Weeks…
Supreme Court justices departed for a brief, two-week recess on March 5 and will return to the bench on March 19 for oral arguments. From March through April, the Supreme Court will consider a number of high-profile cases in addition to Benisek v. Lamone, a case challenging the redrawing of Maryland’s 6th Congressional District. The […]
Is Amazon Too Big to Tax???
This year, like every other year, is shaping up to be a triumphant one for Amazon. It is on the cusp of becoming the first trillion dollar company ever. In the coming months it will announce the opening of a second headquarters—and likely bank billions in tax breaks and other incentives from the lucky city […]
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