Tag: Taxes

Trump Says He’s ‘Ready’ to Impose More Tariffs on China to ‘Level the Playing Field’

During an interview with CNBC’s Joe Kernan, President Donald Trump said he was “ready” to impose more tariffs on China so he can “level the playing field.” “We are being taken advantage of and I don’t like it,” Trump said in the interview that aired on “Squawk Box.” “We’re down a tremendous amount. I raised […]

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Explain Me: The Case for Taxing The Hell Out of Peter Brant

n this episode of Explain Me William Powhida and Paddy Johnson discuss the horrific business practices of Peter Brant and Interview Magazine, a fundraising campaign at University of North Carolina so misguided that firing is in order, and the latest headscratching Creative Time project. To help us discuss all of this, and how the new […]

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Devin Nunes Thinks LeBron James Doesn’t Know Californians Pay Taxes

Fox News gleefully reports that alleged servant of the people Devin Nunes is trolling LeBron James: California Rep. Devin Nunes jabbed the California Democratic Party after it sent a “welcome” message to NBA star LeBron James, who just signed a sizable contract with the Los Angeles Lakers. Nunes, the chairman of the House Intelligence Committee, […]

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The budget reform America needs most? Government rate-setting for health care

Federal spending on health care as a share of the economy will double in three decades. As the chart above suggests, it is the exploding cost of health care (and the concomitant growth in interest payments on the national debt) that will unleash America’s future hemorrhage of red ink. Alongside raising tax revenue, dramatically slowing […]

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Taxcast: How Accountants Broke Capitalism

Originally published at the Tax Justice Network We’ve had leak after leak, whistleblower after whistleblower. But no matter what the scandal is, when it comes to financial secrecy and tax dodging, the so-called big four accountancy firms are key players. We interview investigative journalist and former tax inspector Richard Brooks of the Private Eye on […]

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Trump Predicts ‘Billions’ Flowing to U.S. Treasury Under Tax Cut Law

President Donald Trump touted the benefits of the Tax Cuts and Jobs law and welcomed American beneficiaries of it to share their personal stories during a Friday celebration of the law’s six month anniversary. Trump was welcomed by a White House East Room packed with supporters. They gave him a loud and prolonged standing ovation […]

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Trump’s top economic adviser: The deficit is ‘coming down rapidly.’ Reality: No, it’s not.

Larry Kudlow Former CNBC host and top Trump economic adviser Larry Kudlow went Trump-sized with his deficit lies on Fox News Business on Friday morning, claiming that the deficit is going down. “The deficit — which was one of the other criticisms [of the GOP tax law] — is coming down, and it’s coming down rapidly,” […]

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Tesla And GM Close To Capping Out On Electric Vehicle Tax Incentives

By Jon LeSage, a California-based journalist covering clean vehicles, alternative energy, and economic and regulatory trends shaping the automotive, transportation, and mobility sectors. Originally published at OilPrice Tesla and General Motors are seeing the beginning of the end for crucial U.S. federal tax incentives needed to transition interested car shoppers into electric vehicle owners. The […]

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GOP Holocaust analogists furious over Nazi border policy comparisons

Ben Shapiro might want to talk to these players on this team. And among the things Republicans hate is the Mueller investigation and the growing legal problems for Donald Trump’s longtime lawyer, Michael Cohen. After the FBI raided Cohen’s homes and office in April, former House Speaker turned Fox News regular Newt Gingrich conjured up […]

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Supreme Court closes online sales tax loophole

The Supreme Court just handed down a decision in South Dakota v Wayfair, Inc. that states can force online retailers to collect sales taxes from purchases. This overturns a decision from 1992 that mandated that states could levy taxes on businesses only if they had a brick-and-mortar presence within that state’s borders. While this ruling […]

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Trump’s child-stealing policy is part of his plan to give Republican base ‘a reason to vote’

Republicans planned to run on their tax overhaul to win in November’s midterm elections. But it turns out that the law isn’t very popular and even Republicans aren’t strongly mobilized to vote by it, so Donald Trump is pivoting back to the horse he came in on—racism and hatred, directed at immigrants in particular. Monday, […]

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Seven GOP-led states suing to end DACA stand to lose $369 million in taxes annually

It’s simple—a majority of Americans support legalization for young undocumented immigrants because it’s the right thing do to. A number of courts have also sided with DACA recipients—partially resurrecting the program so they can keep renewing their protections—and a discharge petition in the House is just three signatures away from bypassing Speaker Paul Ryan and forcing a vote […]

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The third worst person in Washington

Cornyn, who in December demanded “Mueller needs to clean house of partisans,” tweeted a National Review article titled “Spy Name Games.” In it, Andrew McCarthy wrote, “The Obama administration blatantly politicized the government’s intelligence and law-enforcement apparatus.” Appearing on right-wing radio host Hugh Hewitt’s show, Cornyn rejected the conclusion shared by Rubio, Gowdy and Democrats […]

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