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TweetShareSharePin0 Shares Note: The following is the testimony of Scott A. Hodge, President of the Tax Foundation, prepared for the Senate Finance Committee (Subcommittee on Fiscal Responsibility and Economic Growth of the Committee on Finance) for a hearing on April 27, 2021, titled, “Creating

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TweetShareSharePin0 Shares House Democrats reintroduce bill to make permanent the ARP’s expanded CTC. Reps. Rosa DeLauro, Suzan DelBene, and Ritchie Torres proposed a permanent extension of the American Rescue Plan’s one-year increase in the Child Tax Credit (CTC) as well as full refundability of

TweetShareSharePin0 Shares The IRS on Monday issued adjusted amounts for the child tax credit, the earned income tax credit (EITC), and the premium tax credit (PTC) for 2021, to reflect changes enacted in the American Rescue Plan Act of 2021, P.L. 117-2 (Rev. Proc.

TweetShareSharePin0 Shares The Biden administration is proposing to tax long-term capital gains at ordinary income rates for high earners, which will bring the top federal rate to highs not seen since the 1920s. Taxing capital gains at a lower tax rate than ordinary income

TweetShareSharePin0 Shares Today, members of the Nebraska Unicameral will debate a bill (LB432 with Revenue Committee amendment AM774) that, among other provisions, would exclude Global Intangible Low-Taxed Income (GILTI) from taxation and reduce the state’s top marginal corporate income tax rate by nearly one

TweetShareSharePin0 Shares The American Family Plan is on its way. Source link TweetShareSharePin0 Shares