Wednesday, December 20, 2017

Google Alert - tax

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tax
Daily update December 20, 2017
NEWS
Updated at 3:14 p.m. ET. The House passed the final version of Republicans' $1.5 trillion tax overhaul on Tuesday afternoon, by a vote of 227-203. Senate Republicans are now set to debate the bill and could vote Tuesday evening. That means that by the time many Americans go to bed on Tuesday, ...
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Congressional Republicans have been very interested in expanding the use of these tax-free accounts; bills to repeal and replace the Affordable Care Act last summer included provisions to increase the maximum amount people could contribute to them or to allow people to use them to pay their health ...
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In the last-minute scramble over tax legislation, don't be fooled into thinking you need to pay through the nose for help filing your taxes this year. For starters, the bulk of the GOP tax bill's changes won't go into effect until 2018. You won't really know for sure how much more you'll save (or owe) until you ...
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Republicans are poised to declare victory on one of their longstanding goals: overhauling the US tax code. It is the most sweeping rewrite in a generation and was a key campaign pledge for US President Donald Trump and other party leaders. Here are some of the winners and losers.
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WEB
Middle class would get 23 percent of tax cuts under GOP bill
Middle-income households will get $61 billion in tax cuts in 2019 under the Republican tax plan poised for passage this week, according to an analysis released late Monday by Congress's Joint Committee on Taxation. That amounts to 23% of the tax cuts that go directly to individuals. By 2027, however ...
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Gingrich: The media are lying about the GOP tax bill
The Fox News contributor blasts the negative coverage, says Democrats who vote no are going to pay a price in the fall.
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Parliamentarian Determines Three Provisions in Republican Tax Bill Are Impermissible
19 – The Senate parliamentarian advised Tuesday that three provisions in the Republican tax bill violate the Byrd rule, including a provision allowing for the use of 529 savings accounts for home-schooling expenses, the short title: "The Tax Cuts and Jobs Act," and part of the criteria used to determine ...
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House Must Vote Again On Tax-Reform Plan After Procedural Snag
Update: In an interview with MSNBC's Chuck Todd, Louisiana Senator John Kennedy offered the most honest explanation yet for the Senate Parliamentarian finding that three provisions in the final Trump tax bill violate Senate budget rules - meaning that the House will need to hold another vote on the ...
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How To Prepay Your Kane County Property Tax Bill
As the U.S. House and Senate get set to vote on a tax reform plan, more Kane County residents are asking about the advantages of prepaying their property tax bills. Kane County Treasurer Dave Rickert said today (Monday, Dec. 18, 2017) that the number of taxpayers applying for prepayment already ...
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HEY, WHERE IS EVERYBODY?: Republicans Pass Tax Reform, Everyone DEAD
Wednesday dawned to the horrifying cacophony of howling dogs mourning their dead masters – men, women and children killed in a mass slaughter by the Senate's passage of a rather ordinary tax bill from the Republicans.
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jones: "i'm all for tax reform, but we can't do it by adding trillions
WASHINGTON, DC – This afternoon, the U.S. House of Representatives debated final passage of H.R. 1 – legislation that will make sweeping changes to America's tax laws. Congressman Walter B. Jones (NC-3) – a leading fiscal conservative – reluctantly voted against the bill, primarily due to the ...
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PELOSI PANICS: Nancy Ditches TAX PROTEST After No One Shows Up
Former Speaker of the House Nancy Pelosi bailed on a "highly-anticipated" protest against the GOP tax cuts making their way through Congress on Monday, ditching the event at the last minute after only dozens of liberal demonstrators turned up at the event inside the Capitol. A reporter for left-leaning ...
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Tech's Winners and Losers Under Tax Changes
Contrary to the popular media narrative, the tech companies that are the clearest winners of upcoming tax changes are not the giants like Apple and Microsoft that have stockpiled profits overseas. The tech firms that will benefit the most are companies that make most of their sales in the United ...
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UNDO EVERYTHING: Tax Vote Hits Procedural Snag, House Forced To REVOTE On It
The U.S. House of Representatives is expected to have to revote on the GOP tax reform bill that it passed on Tuesday after the Senate ruled that three provisions in the bill did not comply with Senate budget rules.
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Leftist Protesters Went Insane Inside House of Representatives Before Tax Vote
If there's a big GOP driven bill that's about to succeed, you can bet the left will pull out every ridiculous, over-dramatic trick in the book in order to disrupt or protest the proceedings. Given that the GOP's tax bill was a guaranteed success — and with GOP and success being a combination the left loathes ...
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Calculators provide an idea of tax bills under GOP plan
Who gets how much of a tax cut? House Speaker Paul Ryan (R-Wisconsin), who's career in the House has centered on budget and tax bills, reiterated in his floor speech this afternoon touting H.R. 1, the Tax Cuts and Jobs Act, that "the typical family making the median income will get a $2,059 tax cut ...
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SO MUCH WINNING: House Passes Massive Tax Cut, Senate On Brink
On Tuesday afternoon, The House of Representatives passed the first meaningful tax cut bill in over three decades.
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How the Grinch Stole Middle Class Tax Cuts
WASHINGTON – With a little help from Dr. Seuss, U.S. Congressman David N. Cicilline (RI-01) shared the story of How the Grinch Stole Middle Class Tax Cuts this morning. A video of Cicilline's remarks can be viewed by clicking here. The full text of his remarks, as delivered, is embedded below.
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India's Tax Authorities to Issue Notices to 500000 Bitcoin Traders
India's Income Tax (IT) department is set to issue notices to up to 500000 bitcoin adopters trading the cryptocurrency in exchanges across the country.
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What The GOP Tax Bill Means for Climate, Energy, and the Environment
The wildly unpopular GOP tax bill, which is expected to pass through Congress along party lines imminently, includes a number of provisions that have big ramifications for the climate and the environment. These range from mostly good (preserving solar and wind tax credits) to actually the worst (drilling ...
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T17-0318 - Major Provisions in Conference Agreement: The Tax Cuts and Jobs Act
Table shows tax units with a tax increase or tax cut under the major provision in the Conference Agreement for the Tax Cuts and Jobs...
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Protester Interrupts Fox News Reporter Speaking On The GOP Vote
Fox News cameras abruptly cut away from a live shot after a protester came through and interrupted the reporter and repeatedly call the Republican tax bill a scam. Posted By Persist.
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'Twas The Night Before Trump's Tax Plan
'Twas The Night Before Trump's Tax Plan. Not a Democrat was stirring, not even in the House. Millie Weaver | Infowars.com - December 19, 2017 10 Comments ...
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Ep. 440 - Trump's Big Tax Day
Republicans are set to pass the tax cut bill, Trump delivers a new national security strategy, and the backlash to #MeToo begins.
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The 5 breaks you'll miss most if the GOP tax bill passes
Get ready to lose a handful of your favorite tax breaks under the GOP tax bill. The legislation, known as the "Tax Cuts and Jobs Act," doubles the standard deduction from its current levels of $6,350 for singles and $12,700 for married couples who file jointly. The legislation also does away with a raft of ...
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JCT Estimates: Final GOP Tax Bill Skewed to Top, Hurts Many Low
By 2027, those at the top would still get large tax cuts, but every income group below $75,000 would face tax increases, on average.The final tax bill that the House and Senate will vote on this week provides by far the largest benefits to high-income people, and many middle- and lower-income ...
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Stock futures post gains as investors await tax vote
U.S. stock index futures are set for a positive open Tuesday, as investors get ready for a vote on a bill that would slash taxes for corporations.
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Video: Festive Pro-Tax Leftists Accost Reporter At Tax Deduction Protest
Progressive protesters gathered outside the office of Senator Ted Cruz in solidarity against Trump's tax bill. During the "How Congress Stole Christmas: Santa Resists" protest, Infowars reporter Millie Weaver attempted to interview protesters and gets accosted in the process. This is just another example ...
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This new Trump tax calculator shows how much you'll pay going forward
Here's what your tax situation could look like going forward after the tax bill gets signed into law this week.
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Speaker Ryan's Floor Remarks on the Tax Cuts and Jobs Act
WASHINGTON—Today, House Speaker Paul Ryan (R-WI) delivered remarks ahead of a House vote on the conference report to H.R. 1, the Tax Cuts and Jobs Act. Following are the speaker's remarks as prepared for delivery: "I want to thank all the members who have contributed to this legislation, ...
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GOP TAX PLAN CUTS SENIOR BENEFITS
https://www.yahoo.com/news/robert-reich-hello-trump-tax-140424190.html.
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Chairman Hatch Says Accusations in Report on Tax Reform Conference Provision
Below is a letter from Senate Finance Committee Chairman Orrin Hatch in response to the letter Senator Corker sent late yesterday following false reporting over the weekend about his involvement in the tax reform legislation. The senator is not a member of the tax-writing committee and had no ...
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McMorris Rodgers Marks House Passage of Historic Tax Reform
Moments after the Tax Cuts & Jobs Act passed the U.S. House of Representatives, House Republican Conference Chair Cathy McMorris Rodgers (R-WA) joined Speaker Ryan, Leader McCarthy, Whip Scalise, and Ways and Means Committee Chair Brady at a press conference marking this historic ...
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Abbreviated pundit roundup: The great Republican tax scam
To understand the cynicism and mendacity underlying the Republican tax bill, look no further than a provision that would benefit President Trump and other property tycoons that is in the final legislation Congress is expected to vote on this week. The provision would allow people who make money from ...
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BREAKING: House of Representatives Passes Tax Reform Package
The centerpiece of the bill is of course the corporate tax reform, which brings the US tax rate in line with our global competitors, thus encouraging corporations to bring money home to invest in America (and pay taxes in America):. Regime change in the global race for capital pic.twitter.com/2XEHYxe46k.
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Some comments on tax incidence
If corporations are greedy, why don't corporations also pass corporate income taxes on to consumers? Why do most people seem to believe the opposite? It's disappointing that so many people uncritically accept the claim that taxes on corporations are absorbed by owners. Consider the excise tax on ...
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Here Are The Biggest Winners And Losers From Trump's Corporate Tax Cuts
Credit Suisse estimates that corporate tax cuts in the U.S. could boost average earnings of companies in the S&P by about 8-10%...here are some of the winners and losers.
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