Sen. Joe Manchin (R-W.Va.) announced on July 27 that he has reached a deal with Senate majority leader Chuck Schumer (D-N.Y.) on energy, taxes, and health care, to advance a revised, alternate version to the Build Back Better (BBB) bill. The new spending package, now dubbed the “Inflation Reduction Act of 2022,” will “address record inflation…
Manchin Says Deal Reached With Democrats on New Version of BBB Bill Over Energy, Taxes, Health Care
Manchin Says Deal Reached With Schumer on New Version of BBB Bill Over Energy, Taxes, Health Care
Sen. Joe Manchin (D-W.Va.) announced on July 27 that he has reached a deal with Senate majority leader Chuck Schumer (D-N.Y.) on energy, taxes, and health care, to advance a revised, alternate version to the Build Back Better (BBB) bill. The new spending package, now dubbed the “Inflation Reduction Act of 2022,” will “address record inflation…
Manchin Says Deal Reached With Schumer on New BBB Bill Over Energy, Taxes, Health Care
Sen. Joe Manchin (D-W.Va.) announced on July 27 that he has reached a deal with Senate majority leader Chuck Schumer (D-N.Y.) on energy, taxes, and health care to advance what appears to be a revised, alternate version to the Build Back Better (BBB) bill. The new spending package, now dubbed the “Inflation Reduction Act of…
Sen. Rand Paul Warns Against Democrats’ Plan to Raise Taxes Amid Inflation
The economic crisis facing the nation is disproportionately hurting small businesses. Mom and pop shops are struggling to stay afloat in the face of historic levels of inflation. Against this backdrop, Democrats have proposed raising taxes on pass-through entities—small businesses, including sole proprietorships, partnerships, limited liability companies, and S corporations. To Sen. Rand Paul (R-Ky.)…
Samsung Seeks Tax Breaks on $192 Billion Potential Chip Plants in Texas
SEOUL—Samsung Electronics has begun applications for tax breaks for 11 potential chip plants in Texas adding up to investments of about $192 billion, according to documents filed with Texas authorities. Samsung’s applications were filed ahead of the December expiry the state’s Chapter 313 property tax incentives program. The South Korean tech giant already has a…
When Millionaires and Billionaires Leave, Everyone Loses
Commentary Liberals are very good at chasing rich people out of their states. Blue states lose billions of tax dollars and many tens of thousands of jobs as a result of the migration of rich people leaving high-tax and high-crime states. It seems to happen nearly every day. Consider Elon Musk. He left California for…
House Proposal Will Hike Taxes on Lower- and Middle-Income Americans: Bipartisan Congressional Panel
July 12, 2022
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Taxes will go up for millions of lower- and middle-income taxpayers under the House Democrats’ version of President Joe Biden’s Build Back Better plan, according to two new analyses by the non-partisan professional staff of the congressional Joint Committee on Taxation (JCT). “While Republican tax reform in 2017 cut taxes for all Americans, and increased…
Finding Financial Insights in Your Tax Return
Every year, every American that earned money is required to file taxes. Whether you are an individual who only receives income from an employer, a side hustler who earns a little more on the side, or a full-time business owner with a registered business, you can find some interesting insights into your business by reviewing your taxes. Start…
Goya CEO Sees Food Crisis Ahead; Biden Admin to Drop COVID Test for Air Travel | NTD Business
The CEO of Goya Foods sees a food crisis coming this year. He believes Americans are gonna have trouble feeding themselves. How about making some extra cash on the side? Whether it’s a couple hundred dollars or a couple of thousand, Uncle Sam is going to want a piece of that with this new tax…
California Legislature Proposes $195 Billion in More Taxes
Commentary It’s never enough for tax-giddy California legislators. California taxpayers are so generous they will be funding a state budget of $300.7 billion. That’s according to the figure in Gov. Gavin Newsom’s May Revision of his budget proposal for fiscal year 2022-23, which begins on July 1. That includes an incredible surplus of $97.5 billion,…
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