There are lots of things to hate about Biden’s tax proposal. In fact, there is nothing to like about it at all. But the most interesting aspect of it is not any one proposal–all of them are terrible–but the rationale put forth by the Department of the Treasury: it is all about Equity. Redistribution of […]
IRS Commissioner Danny Werfel is looking to use artificial intelligence to help taxpayers as well as hunt down tax evasion. Mr. Werfel said the IRS is exploring the development of chatbots to assist taxpayers with their queries, Government Executive reported. The AI-driven computer program would simplify the process for taxpayers by providing immediate answers to […]
In a couple of weeks, California’s Public Utilities Commission will vote on whether or not to adopt a new fixed charge for electricity, one that will likely be based on income. When I first wrote about this proposal a year ago, the utilities were suggesting that fee could be as high as $85 a month […]
The husband of a Russian blogger and social media influencer joined the Russian army’s campaign in Ukraine in an apparent bid to help keep his wife from going to jail on tax evasion charges, British officials said Monday. Alexei Blinovsky is serving in a specially created unit of the Russian Armed Forces known as the […]
Chicago’s new plan to allocate $70 million of taxpayer money to support illegal immigrants has been met with uproar from citizens. Several community members spoke on the proposal at the Chicago City Council meeting on Wednesday. One speaker, who introduced herself as “P-Rae” Easley, spoke strongly against the city’s plan. “I’m asking y’all to use […]
D.C. Mayor Muriel Bowser is calling for tax increases and deep cuts to social programs to offset downtown revenue losses in the budget she presented Wednesday to the D.C. Council. Her fiscal 2025 proposal calls for $21 billion in operating funds, up from $19.8 billion in fiscal 2024 and a new high for the nation’s […]
MADISON, Wis. — Wisconsin’s Democratic Gov. Tony Evers vetoed 41 bills passed by the Republican-led Legislature on Friday – rejecting a $3 billion Republican tax cut, political loyalty pledges for higher education employees, and a plan setting how many wolves can be hunted each year. Evers signed a bipartisan bill to provide $400,000 supporting Holocaust […]
Earlier this month the White House published a “fact sheet” about President Biden’s latest budget plan. One of the items offered in that laundry list of proposals was this: Requires Billionaires to Pay at Least 25 Percent of Income in Taxes. Billionaires make their money in ways that are often taxed at lower rates than ordinary […]
LOS ANGELES (AP) — Attorneys for Hunter Biden are expected in court Wednesday in Los Angeles, where he is accused in what prosecutors call a four-year scheme to avoid paying $1.4 million in taxes while living an extravagant lifestyle. President Biden‘s son has pleaded not guilty to the nine felony and misdemeanor tax offenses. He’s […]
If you thought former Chicago Mayor Lori Lightfoot was out of touch with her constituents, wait till you get load of the new guy. In the same way that President Joe Biden makes former President Jimmy Carter’s single term in office look like a rousing four-year success story, so current Chicago Mayor Brandon Johnson must […]
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