Taxes

Democrats Say Corporate Tax Rate Favors the Rich, Overlooks the Poor
Congress
Democrats Say Corporate Tax Rate Favors the Rich, Overlooks the Poor
2020-02-12 18:10:47
by Tom Ramstack

WASHINGTON - Congressional Democrats assailed the Trump administration’s 2017 corporate tax cut during a hearing Tuesday. They said the drop from 35 percent to 21 percent is adding to the national deficit while leaving less tax revenue for programs to... Read More

Some Nonprofit Hospitals Aren’t Earning Their Tax Breaks, Critics Say
Taxes
Some Nonprofit Hospitals Aren’t Earning Their Tax Breaks, Critics Say

CHICAGO — On a recent morning at John H. Stroger Hospital, hardly a seat was to be had in any of the first-floor clinic waiting rooms. Not in audiology. Not in heart and vascular. Not in the pharmacy or ophthalmology.... Read More

Davos Breakthrough: France, US Agree to Press Ahead With Global 'Digital Tax' Talks
Geopolitics
Davos Breakthrough: France, US Agree to Press Ahead With Global 'Digital Tax' Talks
2020-01-23 15:56:34
by Dan McCue

The United States and France agreed Thursday to proceed with talks that could result in a global rewrite of cross-border tax rules for the digital era. The agreement to temporarily set aside a brewing tariff war over France’s digital tax... Read More

Restoration of Local Tax Breaks Illustrates Gottheimer’s Commitment to Working Families
Congress
Restoration of Local Tax Breaks Illustrates Gottheimer’s Commitment to Working Families
2019-12-20 18:27:13
by Dan McCue

WASHINGTON - House Democrats voted to lift a $10,000 limit on state and local tax deductions, known as SALT, repealing a deduction limit Republicans had imposed as part of their 2017 tax code overhaul. The bill, H.R.5377 , which was... Read More

Bill to Modify State Tax Deduction Splits Opinions During House Hearing
Taxes
Bill to Modify State Tax Deduction Splits Opinions During House Hearing
2019-12-17 21:53:24
by Tom Ramstack

WASHINGTON -- A congressional committee took a last look at a Democratic proposal to repeal a cap on state and local taxes before a vote expected in the U.S. House this week. The cap is a $10,000 limit on state... Read More

House Democrats to Move on Temporary ‘SALT’ Cap Increase
Congress
House Democrats to Move on Temporary ‘SALT’ Cap Increase

WASHINGTON — The House Ways and Means Committee could take up legislation as early as next week that would increase a limit on state and local tax deductions that has riled Democrats from high-cost regions, according to a senior panel... Read More

Appeals Court Says Congress Entitled to Trump Bank Records
Law
Appeals Court Says Congress Entitled to Trump Bank Records
2019-12-04 00:04:33
by Dan McCue

WASHINGTON  — The 2nd U.S. Circuit Court of Appeals on Tuesday ruled Congress is entitled to review President Donald Trump's banking records as it investigates possible foreign influence in U.S. elections, violations of the emoluments clause and other issues. The... Read More

States Appeal Judge’s Decision to Toss Local Tax Deductions Lawsuit
Litigation
States Appeal Judge’s Decision to Toss Local Tax Deductions Lawsuit
2019-12-03 19:18:23
by Tom Ramstack

WASHINGTON - Four states are appealing a federal judge’s September dismissal of their lawsuit challenging federal authority to limit state and local tax deductions. In a filing before the 2nd U.S. Circuit Court of Appeals, attorneys for the states argue... Read More

Here’s Why Donald Trump Is Talking About Another Tax Cut
Taxes
Here’s Why Donald Trump Is Talking About Another Tax Cut

WASHINGTON — President Donald Trump has said it’s time to consider another tax cut, as evidence mounts that wealthier taxpayers benefited a lot more than others from his first one. “We are going to be doing a major middle income... Read More

Trump Not Immune From Manhattan DA’s Demand for Tax Returns, Federal Appeals Court Rules
Law
Trump Not Immune From Manhattan DA’s Demand for Tax Returns, Federal Appeals Court Rules

NEW YORK — President Donald Trump is not entitled to Oval Office immunity that would block Manhattan District Attorney Cy Vance Jr. from obtaining copies of his tax returns, a federal appeals court ruled Monday. The 34-page ruling by the... Read More

Trump Sues to Keep Tax Records Hidden
Uncategorized
Trump Sues to Keep Tax Records Hidden

NEW YORK — President Donald Trump sued his own accounting firm and Manhattan District Attorney Cy Vance Thursday, seeking to prevent the prosecutor from getting his hands on eight years of tax returns. The suit was filed in Manhattan Federal... Read More

Federal Judge Blocks California Law to Force Disclosure of Trump’s Tax Returns
Taxes
Federal Judge Blocks California Law to Force Disclosure of Trump’s Tax Returns

SACRAMENTO, Calif. — A federal judge ordered a temporary injunction Thursday against California’s first-in-the-nation law requiring candidates to disclose their tax returns for a spot on the presidential primary ballot, an early victory for President Donald Trump but a decision... Read More

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