Tag Archives: taxes

Politico reports: President Donald Trump signaled support for a 25-cent-per-gallon gas tax increase to help pay for infrastructure at a meeting with lawmakers on Wednesday, a source in the room told POLITICO. Trump’s support, though not confirmed by the White House, represents a stark departure from recent administrations and congressional leaders that have tip-toed around the issue because raising the …

The Voice Of America reports: The U.S. House of Representatives will vote Tuesday on a Republican $1.5 trillion tax bill that will provide tax relief for most Americans, but benefit the wealthy the most, according to a non-partisan tax analysis group. After the House vote, the Senate is expected to vote on the measure later Tuesday or Wednesday. If both …

Trump today unveiled his tax reform plan before an adoring Indianapolis crowd, where he out and out lied about the plan’s impact on his own taxes. The Week reports: The plan — which proposes shrinking the seven individual tax brackets down to three at 12 percent, 25 percent, and 35 percent — is being promoted as a win for the …

Bloomberg reports: Treasury Secretary Steven Mnuchin confirmed the administration will propose a corporate tax rate reduction to 15 percent and said lawmakers broadly agree on the need for a tax overhaul, citing a “very successful meeting” on Tuesday evening in Washington. The administration wants to implement the biggest tax cuts and reform in U.S. history as part of a drive …

Rachel Maddow blew up Twitter tonight with the report that her team has “Trump tax returns.” Which returns, which years, and even which Trump have not been disclosed. Sooooo, let’s all watch Rachel together tonight and use this post as an open thread. I’ve embedded a bootleg live stream below.

Maher’s best line: “You wanna tax tobacco so kids don’t get cancer? OK. Then let’s tax Sunday school so they don’t get stupid.” Mediaite recaps: “Now that it’s April 15,” he said, “all U.S. taxpayers must call out the deadbeats who ride for free, which includes giant corporations like GM and United Airlines, which this year are going to pay …

Via press release from the White House: The Internal Revenue Service released a new YouTube video designed to provide useful tax tips to married same-sex couples. The new video, less than two minutes long, is available in English, Spanish and American Sign Language and can be accessed via IRS.gov. It joins an array of online products, including answers to frequently-asked …

GOP Utah state Rep. Merrill Nelson has introduced a bill to create a check box on the state income tax form for citizens who’d like help pay the legal costs to fight gay marriage. HB48 would create a check-off on forms for a “Marriage Defense Fund.” It would also allow direct donations to the fund via cash, check or credit …

Via the Salt Lake Tribune: Utah same-sex couples legally married in the Beehive State or any other state may file joint state income tax returns, the Utah State Tax Commission announced Thursday. It is the latest — and apparently final — tax guideline on the issue, at least for 2013 returns. Previously, the Utah Tax Commission had issued a policy …

From the Grand Forks Herald: North Dakota now has a tax form for married same-sex couples, and it’s precisely because the state doesn’t recognize such marriages. For the North Dakota tax department, that posed a bit of a dilemma, according to Lorie Bowker, who oversees the department’s income tax section. She said its answer was the form ND-1S, which was …

Yesterday about a thousand activists marched on the United Nations, demanding the creation of a so-called “Robin Hood Tax” on Wall Street and financial institutions around the world. Forbes posted a press release: To commemorate the 2nd Anniversary of Occupy Wall Street, the Robin Hood tax coalition that consists of two hundred million supporters around the world including Occupy Wall …

“There will be enormous federal pressure now on states to conform to the IRS. The Supreme Court decision placed an [improvised explosive device] under every state marriage amendment in the land. I predict we will very quickly see legal action in the 37 states that do not give legal recognition to same-sex marriage to force them to conform to federal …

Sam Stein reports at Huffington Post: The U.S. Department of the Treasury announced Thursday that when it comes to taxes, it will recognize same-sex couples’ marriages even if they live in a state that does not. The decision, which was prompted by the U.S. Supreme Court’s ruling to overturn the Defense of Marriage Act, marks the latest political progress for …

The New York state legislature has approved a bill sponsored by GOP Sen. Martin Golden that will grant tax breaks to the owners of multimillion dollar apartments at five skyscrapers presently under construction in Manhattan. The millionaires buying apartments in a soaring tower rising on 57th St. will get more than sweeping views of Central Park: They’ll also be eligible …

In a case that may be headed for the Supreme Court, a New York appeals court has ruled that out-of-state websites such as Amazon must charge state sales tax. The case, combining two brought by Amazon and Overstock.com Inc, was decided by the New York State Court of Appeals by a vote of 4-1. “It’s unfortunate and the (U.S.) Supreme …

Associated Press: “French actor, Gerard Depardieu was granted Russian citizenship Thursday by Russian President Vladimir Putin. The actor is hoping to avoid France’s proposed super tax on millionaires.”

Click over to CSPAN and watch it live, if you can bear it.

Go ahead, click for details.

Beginning next year the Catholic Church will be forced to pay property taxes in Italy.  The new law came about due to pressure from the EU. The move could net Italy revenues of 500 million to 2 billion euros annually across the country, municipal government associations said. The extra income from previously exempt properties in Rome alone – including hotels, …

“Some Americans could use a sermon on politics — and yesterday, they got one! More than 1,400 pastors joined Pulpit Freedom Sunday, challenging the IRS’s rules on what churches can and can’t say about elections. The project, part of Alliance Defending Freedom’s outreach, was first introduced to FRC’s pastors network in 2008. Since then, the number of churches involved has …