Taxes

Sherill, Gottheimer and King Move to Keep Treasury From Blocking Charitable Contributions
Congress
Sherill, Gottheimer and King Move to Keep Treasury From Blocking Charitable Contributions
2019-08-10 00:09:34
by Sean Trambley

Representatives Mikie Sherrill, D-N.J., Josh Gottheimer, D-N.J., and Peter King, R-N.Y., have introduced H.J. Res. 72 to overturn U.S. Treasury Department regulations that bar the deduction of charitable contributions from federal taxes.  The bipartisan action comes after the Treasury, in... Read More

New Jersey Governor Signs New Legislation and Temporarily Freezes Part of Budget
State News
New Jersey Governor Signs New Legislation and Temporarily Freezes Part of Budget
2019-07-11 19:05:30
by Elin Johnson

New Jersey Governor Phil Murphy signed several pieces of legislation this past week, including bills that expand patient access to medical marijuana, ensure the health benefits and compensation to 9/11 responders, and prohibit utilities from cutting the power off on... Read More

Nonprofits Worry As Evidence Mounts That 2017 Tax Cut Led to Less Giving
In The News
Nonprofits Worry As Evidence Mounts That 2017 Tax Cut Led to Less Giving
2019-07-11 10:26:07
by Dan McCue

WASHINGTON - The nonprofit community tried to warn Republican lawmakers on Capitol Hill that the 2017 tax bill would hurt charitable giving. Now, nearly 20 months after President Donald Trump signed the Tax Cuts and Jobs Act into law on... Read More

House Democrats Sue Treasury Department Over Trump Tax Returns
Litigation
House Democrats Sue Treasury Department Over Trump Tax Returns
2019-07-02 19:41:57
by Dan McCue

WASHINGTON -  House Democrats sued the Trump administration in federal court Tuesday for access to President Donald Trump's tax returns, setting up a legal showdown over the records. In a complaint filed in the U.S. District Court for the District... Read More

Federal Debt on Track to Reach 'Unprecedented' Levels, CBO Says
Economy
Federal Debt on Track to Reach 'Unprecedented' Levels, CBO Says
2019-06-25 21:04:05
by Dan McCue

WASHINGTON - The federal debt is on track to reach unprecedented levels in the next 30 years and will rise to 144 percent of the nation's gross domestic product by 2049 if current laws are maintained, the Congressional Budget Office... Read More

Illinois Voters to Decide Whether to OK Graduated Income Tax Plan
Taxes
Illinois Voters to Decide Whether to OK Graduated Income Tax Plan

SPRINGFIELD, Ill. — In a historic vote, the Illinois House on Monday agreed to ask voters to change the 1970 state constitution by authorizing a graduated-rate tax based on the size of income and repealing the currently mandated flat-rate income... Read More

Chairman Neal Issues Subpoenas for Trump Tax Returns
Congress
Chairman Neal Issues Subpoenas for Trump Tax Returns
2019-05-10 21:11:51
by Dan McCue

Representative Richard Neal, D-Mass., chairman of the House Ways and Means Committee Friday issued subpoenas for six years of President Donald Trump's tax returns. The subpoenas give Treasury Secretary Steven Mnuchin and IRS Commissioner Charles Rettig until 5 p.m. next... Read More

Battle Over Trump Income Taxes Poised to Escalate As Congress Returns
Political News
Battle Over Trump Income Taxes Poised to Escalate As Congress Returns
2019-04-29 18:25:54
by Dan McCue

As lawmakers returned to Washington on Monday, a dominant question in the air was just how contentious things are likely to get as a number of House committees resume their investigations of President Donald Trump. Among those in a state... Read More

Bipartisan Taxpayer First Act Eliminates Opportunity for IRS to Create Automatic Tax Filing System
Taxes
Bipartisan Taxpayer First Act Eliminates Opportunity for IRS to Create Automatic Tax Filing System
2019-04-12 19:58:25
by Sean Trambley

Tax season is upon us, and this year it seems many Americans are frustrated with smaller refund checks after the 2017 Tax Cuts and Jobs Act has failed to live up to the hype for most working families. But in... Read More

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