Federal Tax Updates Archive
TweetShareSharePin0 Shares The latest inflation report confirms that prices for just about everything continue to rise, with the Consumer Price Index (CPI) up 8.3 percent over the last year and many categories up even higher, including food (11.4 percent) and energy (23.8 percent). While not part of the CPI, another measure of inflation (call it
TweetShareSharePin0 Shares The etymology of tax is “to fix”, and so…we ask ourselves “howcan tax help address racial wealth inequality [and] repair the harms of structural racism that are embedded into our economic system?” ~ Decolonising Economics, Tax as a Tool for Racial Justice report These are crucial questions. And it’s taken many of us
TweetShareSharePin0 Shares Sen. Markey opposes the Schumer-Manchin side deal. Sen. Ed Markey, joining Sen. Bernie Sanders, opposes including in a stopgap spending bill changes to the nation’s permitting system for fossil fuel extraction, a provision demanded by Sen. Joe Manchin. Disagreements also remain over coronavirus aid, disaster relief, and more, creating obstacles to a deal.
TweetShareSharePin0 Shares President Joe Biden became the seventh United States President to be interviewed on iconic one-hour CBS News show, 60 Minutes, where he spoke out about MAGA Republicans and the “unfair” federal tax code. Biden is the 46th President, succeeding businessman and former President Donald Trump, who is now facing a host of legal issues.
TweetShareSharePin0 Shares Former President Donald Trump has returned to his Mar-a-Lago residence following the August 8 FBI raid. According to a report from local ABC affiliate WPBF 25, “Dozens of supporters gathered along Southern Boulevard near former President Donald Trump’s Mar-a-Lago estate as his motorcade passed through Sunday night.” Ahead of his arrival, Trump took
TweetShareSharePin0 Shares Two towns in New York State have ended annual property tax assessments as a result of skyrocketing tax rates. According to a report from Syracuse.com: After a big spike in property tax assessments caused an uproar this year, elected officials in two Onondaga County towns have decided not to put their residents through
TweetShareSharePin0 Shares Google recently sent a payment of nearly $250,000 to an engineer who has never worked for the company. Sam Curry, who works as a staff security engineer at the cryptocurrency company Yuga Labs, received the payment about a month ago at this point. Last week, he shared details on his verified Twitter page.
TweetShareSharePin0 Shares When the Senate added a new corporate minimum tax to the Inflation Reduction Act (IRA), it almost added a clarification that private equity is a business that would be subject to the new tax. But two key Senators blocked the clarification. Now, as Treasury writes regulations to accompany the new law, it
TweetShareSharePin0 Shares Is a spending deal around the corner? Speaker Nancy Pelosi signaled this week that she could support an agreement to ease permitting requirements for energy projects if it’s included in a Senate bill funding the government. The agreement, part of a deal to win Sen. Joe Manchin’s vote on the Inflation Reduction Act,
TweetShareSharePin0 Shares The reluctant billionaire founder of clothing brand, Patagonia, has given away the company in an effort to fight climate change. Yvon Chouinard, who founded his brand — which has now become a staple for both serious outdoor enthusiasts and Greek Life participants from the SEC to the Big Ten — in 1973 in Ventura, California, has