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Federal Tax Updates Archive

Federal Tax Collections & Inflation Surging

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

Tax as a tool for racial justice: new report launched

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

Delay Likely For The Spending Deal?

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. 

Trump Returns to Mar-a-Lago Amid Possible Indictment

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

NY Towns End Annual Property Tax Assessments

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

Google Pays Non-Employee $250,000, Blames Human Error

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.

Two More Weeks To Avert A Government Shutdown

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,

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