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Federal Tax Updates Archive

Effort to Extend Enhanced Child Tax Credit Mounts, Key Dems Involved

TweetShareSharePin0 Shares Numerous key Democratic Congresspeople have gotten involved in a mounting effort to extend President Biden’s enhanced child tax credit (CTC), which played a role in reducing child poverty nationwide. Per a new report from the Census Bureau released this week, the nationwide poverty rate fell to 7.8% in 2021, the lowest level on record. This was largely due to

Inflation Reduction Act Green Energy Tax Credits

TweetShareSharePin0 Shares The Inflation Reduction Act created numerous tax subsidy programs intended to accelerate the transition to a greener economy. The justification for climate change action is strong, but there are two possible approaches to take which we might colloquially call carrots and sticks. Carrots are subsidies designed to reduce emissions—think tax credits for green energy

September 2022 Spanish language tax justice podcast, Justicia ImPositiva: La constitución Chilena, Crimen Organizado, el nuevo contexto global de EE UU

TweetShareSharePin0 Shares Welcome to our Spanish language podcast and radio programme Justicia ImPositiva with Marcelo Justo and Marta Nuñez, free to download and broadcast on radio networks across Latin America and Spain. ¡Bienvenidos y bienvenidas a nuestro podcast y programa radiofónico! Escuche por su app de podcast favorita. En este programa con Marcelo Justo and Marta Nuñez: El nuevo

Louisiana Eyes State Income Tax Ban

TweetShareSharePin0 Shares The State of Louisiana is eyeing a ban on state income tax, similar to neighbors Florida and Texas. New Orleans news station CBS 4 reported on the possibility, which is being spearheaded by Mandeville-based Representative Richard Nelson (R). Nelson has advised the state’s House Ways and Means Committee to “make recommendations concerning eliminating

Orange County, FL Breaks All-Time Tourism Tax Record

TweetShareSharePin0 Shares Orange County, Florida — home to many of Orlando’s theme park properties — has broken its all-time tourism tax record for the month of July. According to a report from Click Orlando, the county “brought in $28,465,700, which is the highest July collections on record, Orange County Comptroller Phil Diamond announced on Tuesday.”

The Weekly (Tax)Buzz – September 14th, 2022

TweetShareSharePin0 Shares The Weekly (Tax)Buzz – September 14th, 2022 If you feel like the news is tough to keep up with these days, you aren’t alone. Every week, we publish a curated list of some of the top articles in tax and finance. Tune in every Wednesday to read the latest thought leadership pieces from

Industrial Policy Is Back. What Will It Mean For Taxes?

TweetShareSharePin0 Shares Industrial policy is trending. At a time when few policy ideas win bipartisan support, government subsidies for favored industries are feeling the love from Democrats and even many Republicans. But how these benefits are delivered to businesses, through direct subsidies or tax policy, matters a lot. This new-found enthusiasm for industrial policy—the idea

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