MILWAUKEE — Former president Donald Trump is trying to present a more worker-friendly vision of the Republican Party at this week’s convention, but he has continued to make clear in private that he views himself as the best choice for billionaires and big business, according to donors who have attended fundraising events.Even as Trump leans … Read more
The Biden administration and a Democratic-controlled Congress imposed a new tax on corporate stock buybacks as part of the Inflation Reduction Act passed in 2022. It hasn’t gone well. Corporations use stock buybacks to grow. Buybacks signal to a company’s shareholders that the company’s investments are in demand and that the firm is in good financial health. That incentivizes investors to want to … Read more
here. Despite the fact that the thermometer still reads summer, fall is creeping closer. According to the National Retail Federation, one in five (22%) back-to-school shoppers have already started gearing up for the 2024-25 school year (you can count me as one of them). However, with above-average prices in stores and online, those shoppers are … Read more
By Nathan Garden, The Charlotte Observer (TNS) It says a lot about our politics that very few of our leaders are talking about one of the most important issues. The small businesses that anchor our economy are about to face a devastating tax hike that will hurt workers and weaken communities. As the owner of … Read more
The title page reads, “Mandate for Leadership, the Conservative Promise — Project 2025, Presidential Transition Project.” What follows are 920 pages of sweeping changes for the “next conservative president” to put into effect or, if not sufficiently empowered, to recommend to Congress. From abortion to veterans affairs, the anthology of 30 chapters, each by a … Read more
More than half of former President Donald Trump’s flagship policy proposals are unpopular with voters, according to a recent poll.Abolishing the Department of Education, cutting corporate taxes and giving the president more control over the civil service and independent federal agencies were amongst the least popular elements of Trump’s so-called Agenda 47. Only nine out … Read more
While Republicans have coalesced around Donald Trump as their nominee, there is still a divide within the party over what to do with the federal corporate tax rate if they recapture control of Washington next year.Some members of his party would like to see it reduced to as low as 15 per cent; others would … Read more
WASHINGTON, D.C. — The Department of the Treasury and the Internal Revenue Service (IRS) recenlty issued final regulations detailing how corporations should report and pay the new 1 percent excise tax on stock repurchases. This tax was introduced by the Inflation Reduction Act and applies to stock repurchases made after December 31, 2022. The new … Read more
Republicans are united around Donald Trump as their nominee, but where they are still divided is what to do about the 21% federal corporate tax rate if they control Washington next year.Some are pushing for a corporate rate as low as 15%. Others have signaled a willingness to accept an increase up to 25%. Donald … Read more
