“‘The Democrats should have never done it, the Supreme Court should have never approved it, and it’s going to lead to horrible things for so many people.’” That was former Read more
Tag: Taxation
Trump’s tax returns are now public
The U.S. House Ways and Means Committee released six years of former President Donald Trump’s tax returns on Friday. Experts will be looking closely at large business losses reported by Read more
Federal spending bill’s pandemic provisions: more public health data, no investigation into COVID’s origin
COVID-19 cases are once again rising in the U.S., but how prepared are we for the next pandemic? That’s a question worth asking. The $1.7 trillion omnibus spending bill presented Read more
Fed hikes interest rate by half percentage point — benchmark rate seen topping out at 5.25%
The Federal Reserve on Wednesday raised its benchmark interest rate by 0.5 percentage point and signaled more tightening next year. The half-point increase brings the Fed’s federal funds rate up Read more
Best stock picks for 2023: Here are Wall Street analysts’ favored choices
Following a sharp and sustained rise in interest rates, U.S. stocks have taken a broad beating this year. But 2023 may bring very different circumstances. Below are lists of analysts’ Read more
Trump Organization found guilty in executive tax-fraud scheme
NEW YORK — Donald Trump’s company was convicted of tax fraud on Tuesday in a case brought by the Manhattan District Attorney, a significant repudiation of financial practices at the Read more
U.S. budget deficit narrows sharply in October
The numbers: The U.S. federal budget deficit narrowed to $87.8 billion in October, down from $165.1 billion in the same month last year, the Treasury Department said Wednesday. This is Read more
Opinion: Opinion: Why inequality is growing in the U.S. and around the world
U.S. income inequality grew in 2021 for the first time in a decade, according to data the Census Bureau released in September 2022. That’s because what’s been driving income inequality in the Read more
‘Voters are looking for help’: With control of Congress is still too early to call, here are 3 burning tax questions
A day after midterm elections, it remains uncertain whether either party will end up with Congressional control or whether it will be a divided Congress — and that has consequences Read more
‘I’m growing more concerned’: The lawsuit that could derail student-debt relief
A lawsuit filed by a conservative-leaning nonprofit may be poised to block President Joe Biden’s student debt cancellation plan thanks to a move by a federal court in Fort Worth, Read more