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Rick Scott Walks Back His Tax Increase Plan…Sort Of

TweetShareSharePin0 Shares Senator Rick Scott (R-FL), who last February proposed taxing millions of low-income households that currently pay no income tax, has released a new version that largely walks back those tax hikes. But while its details are even murkier than his original, Scott still may be looking to hike taxes on many of those

RSC Budget for FY 2023

TweetShareSharePin0 Shares The Republican Study Committee (RSC) released its FY 2023 budget today, led by Budget and Spending Task Force Chair Rep. Kevin Hern (R-OK) and RSC Chairman Jim Banks (R-IN), and prescribes several pro-growth tax reforms that would simplify the tax code and encourage business investment. Among the most impactful reforms are permanence for

Yellen: Inflation Is “Unacceptable.” | Tax Policy Center

TweetShareSharePin0 Shares Treasury Secretary tells Senate Finance Committee: Inflation is global; domestic policies can help Americans. Treasury Secretary Janet Yellen acknowledged yesterday that the US faces “macroeconomic challenges, including unacceptable levels of inflation.” She said the Administration likely would increase its inflation forecast and called on Congress to ease the cost burdens that households face.

The Weekly (Tax)Buzz – June 8th, 2022

TweetShareSharePin0 Shares The Weekly (Tax)Buzz – June 8th, 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

Economic Well-Being Improved in 2021, But Will It Continue?

TweetShareSharePin0 Shares Even though jobs are plentiful and wages are up, many families still face a shaky economic outlook. Higher than average inflation, which tends to hit low- and middle-income families hardest, will likely persist in 2022. A rental crisis looms. Either  could undo gains in financial well-being found at the end of 2021 by

A Problematic Crypto Tax Break Introduced in the Senate

TweetShareSharePin0 Shares Sens. Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) today unveiled cryptocurrency legislation that seeks to provide regulatory clarity on a range of issues, including taxes. But it also has a surprise for those who haven’t been following the drafting process. Simply put, their bill would create a huge tax avoidance opportunity for those

Biden Tax Increases & 2023 Budget Proposal: Details & Analysis

TweetShareSharePin0 Shares This week, Treasury Secretary Janet Yellen will testify before the Senate Finance Committee and the House Ways and Means Committee on President Biden’s Fiscal Year 2023 Budget Proposals. Combined with the tax increases in the Build Back Better Act (BBBA), which the budget assumes becomes law, President Biden would raise revenues by $4

Tax Justice Network Arabic podcast #54: كارتيل البنوك في تونس: أثرياء الحرب في زمن البؤس

TweetShareSharePin0 Shares Welcome to the 54th edition of our Arabic podcast/radio show Taxes Simply الجباية ببساطة contributing to tax justice public debate around the world. It’s produced and presented by Walid Ben Rhouma and is available on most podcast apps. Any radio station is welcome to broadcast it for free and websites are also welcome to share it. You can follow

The Tax Justice Network’s French podcast: Lancement en Afrique du l’Indice d’Opacité Financière 2022 : L’urgence d’un système fiscal international sous l’égide des Nations Unis #40

TweetShareSharePin0 Shares Welcome to our monthly podcast in French, Impôts et Justice Sociale with Idriss Linge of the Tax Justice Network. All our podcasts are unique productions in five different languages every month in English, Spanish, Arabic, French, Portuguese. They’re all available here and on most podcast apps. Here’s our latest episode: Le mois de mai 2022 a été marqué par la publication par Tax Justice

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