tyoutyo.com | Gypsum and Platform
tyoutyo.com | Gypsum and Platform
But Senator Cory Booker, another Democratic supporter of expanding the child tax credit, said that he would tell his disappointed colleagues that the deal could still aid hundreds of thousands of low-income children. “This next expansion is not as far Continue reading What’s in the New Child Tax Credit Proposal?
Many Democrats support either eliminating Social Security’s cap on taxable wages, expanding the types of compensation subject to Social Security payroll taxes—fringe benefits like health insurance, for example—or increasing payroll taxes. “The problem has been that, over time, the amount Continue reading Congress May Finally Pass a Child Tax Credit—but Will It Pay Off for Families?
It’s unclear whether Republicans would consent to full refundability, which would functionally eliminate the earnings requirement for the credit. “Some of the things they asked for, they want to go back to pandemic levels [of spending], for example, they want Continue reading The Child Tax Credit Is Back From the Dead
Eons ago, in the fall of 2021, congressional Democrats mulled potential revenue streams for the Build Back Better Act, the multitrillion-dollar proposal to overhaul the nation’s social safety net, tax system, and climate policy. For instance, Senator Ron Wyden, the Continue reading The Billionaires Tax Is Back
Instead of worrying what the Supreme Court might say about the constitutionality of some hypothetical wealth tax that’s unlikely ever to become law—and would anyway, in my view at least, be kind of a dumb idea—I invite you to worry Continue reading The Next Supreme Court Danger: Trashing One-Third of the Tax Code
Republicans on Wednesday are eagerly celebrating the last-minute collapse of Hunter Biden’s plea deal on tax evasion. Biden agreed in June with Delaware federal prosecutors that he would plead guilty to two misdemeanors of tax evasion and admit to a Continue reading Republicans Eagerly Celebrate Hunter Biden’s Tax Plea Deal Falling Apart