Tag Archives: Taxes

Jennifer Shutt, Georgia Recorder U.S. senators debated Wednesday how best to resolve a funding cliff within Social Security that will lead to a quarter reduction in benefits in about a decade, absent action from Congress. Democrats on the Budget Committee, led by Chair Sheldon Whitehouse of Rhode Island, called for …

The IRS failed to pursue mandatory audits of Donald Trump on a timely basis during his presidency, a congressional panel found on Tuesday, raising questions about statements by the former president and leading members of his administration who claimed he could not release his tax filings because of the ongoing …

Ross Williams, Georgia Recorder Even with a wave of new state-level abortion restrictions passing or taking effect this summer, Georgia’s law stood out because of its so-called personhood provisions that accompanied the better known six-week ban on the procedure. One particular change that drew national attention was a new tax …

Chabeli Carrazana Originally published by The 19th The monthly child tax credit payments may be over, but families now face a new hurdle: Filing for the remaining portion they’re owed. An estimated 40 million households will be applying for the benefit this tax filing season, which, thanks to a bevy …

The Department of Justice on Friday directed the United States Department of the Treasury to turn over former President Donald Trump’s tax returns to the House Way and Means Committee. “The Chairman of the House Ways and Means Committee has invoked sufficient reasons for requesting the former President’s tax information,” …

The United States Supreme Court ruled that the Affordable Care Act is valid and constitutional. Eighteen Republican-led states argued that the ACA, also known as “Obamacare,” became unconstitutional when congressional Republicans eliminated the individual mandate — a requirement for all uninsured Americans to buy coverage or face a tax penalty. …

On Friday, the Group of Seven (G7) announced that they would give 1 billion COVID-19 vaccines to communities worldwide. 500 million of the doses are being donated by the United States, which President Biden announced on Thursday. Leaders from around the world are in Cornwall, England for the G-7 summit. …

White House Secretary Jen Psaki announced on Friday that a counteroffer for President Biden’s infrastructure and jobs package was presented to Republican lawmakers by White House officials. The revised proposal reduces the cost from $2.25 trillion to $1.7 trillion. “In our view, this is the act– the art, I should …

Monthly payments for the child tax credit will start processing on July 15. About 39 million households will receive automatic payments. The advance child tax credit program is part of the Biden administration’s $1.9 trillion economic aid package called the American Rescue Plan that was passed in March “The American …

A federal judge on Wednesday ruled against an effort by Ohio’s Republican attorney general to temporarily block a provision of President Biden‘s coronavirus relief law that forbids states from using federal aid to offset any future tax cuts. “The bottom line is this – preliminary injunction that stands no meaningful prospect …

The $1.9 trillion American Rescue Plan will lower the average individual tax rate to zero or less for families earning $75,000 or less. According to estimates from the Joint Committee on Taxation, middle-class taxpayers earning $50,000 to $75,000 will have an average tax rate of -1.9%. Low-income families will get …

Caitlyn Jenner is said to be exploring a run for Governor of California. According to Axios, the Olympic gold medalist is consulting with Caroline Wren, a longtime GOP fundraiser. Wren previously worked on former President Donald Trump‘s 2020 campaign. The move comes as California Governor Gavin Newsom is facing a …

The Trump Administration is still refusing to accept reality while hoping to move forward with a new budget proposal. The White House budget office wants federal agencies to continue preparing the Trump administration’s budget proposal for the next fiscal year, according to multiple administration officials who spoke to the Washington …