Taxes

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

Ways and Means to Weigh Rollback of State, Local Tax Deduction Cap Taxes
Ways and Means to Weigh Rollback of State, Local Tax Deduction Cap

WASHINGTON — Democrats on the House Ways and Means Committee will soon hold “at least a full-throttle discussion” about their concerns with the $10,000 cap on state and local income tax deductions that was part of the 2017 tax code... Read More

Deutsche Bank Has Tax Returns Sought by House Democrats In The News
Deutsche Bank Has Tax Returns Sought by House Democrats

NEW YORK — Deutsche Bank AG has confirmed that it has tax returns requested by U.S. lawmakers seeking financial information for President Donald Trump and his family. Whose returns are those? That’s still a secret. The disclosure was made by... Read More

Ways And Means Chairman Cites ‘Credible Allegations’ Of Misconduct In Presidential Tax Audit Political News
Ways And Means Chairman Cites ‘Credible Allegations’ Of Misconduct In Presidential Tax Audit

WASHINGTON — The House Ways and Means Committee said it had received “credible allegations” from a federal employee of potentially “inappropriate efforts to influence” the IRS’ mandatory audit of presidential tax returns. References to the unexplained allegations were in a... Read More

Trump May Try To Bolster Economy With Payroll Tax Cut Economy
Trump May Try To Bolster Economy With Payroll Tax Cut
2019-08-20 20:43:58
by Dan McCue

WASHINGTON - President Donald Trump said Tuesday that his administration is considering a temporary payroll tax cut as a way to bolster the U.S. economy though he continues to insist the nation is not inching toward a recession. "I’ve been... Read More

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

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