You’re reading the Prompt 2024 newsletter. Sign up to get it in your inbox. Vice President Kamala Harris is out with her economic plan “to bring down costs for American families.” There’s already a lot of buzz about her proposals to go after corporate “price gouging,” cut taxes for families with kids and offer $25,000 … Read more
Cyprus fully supports the joint effort by the United States, Egypt and Qatar to get both sides of the war in Gaza to meet next week and resume talks on a ceasefire and release of hostages. President Nikos Christodoulides stated on Friday that he, “fully endorses (the statement by) Presidents Joe Biden, Abdel Fattah el-Sisi … Read more
Nearly 75% of cannabis businesses operate at a loss, and many in the industry point to a feature of the Internal Revenue Code as the reason why.Listen here and subscribe to Talking Tax on Apple Podcasts, Spotify, Megaphone, or Audible.Cannabis companies are prohibited from deducting ordinary business expenses—like rent or payroll—from their federal taxes as … Read more
Photograph Source: NY Senate Photo Next year, we’ll have to make one of the most important decisions about the future of our economy. Will we hand more power and wealth to big corporations and the rich — or invest in a healthy and resilient economy that works for all of us? In 2017, Republican lawmakers … Read more
WASHINGTON — A bill to expand the child tax credit and restore some tax breaks for businesses failed to advance in the Senate on Thursday as Republicans largely opposed the measure, arguing they would be in position to get a better deal next year.Majority Leader Chuck Schumer, D-N.Y., dared Republicans to vote against the tax … Read more
WASHINGTON — A bill to expand the child tax credit and restore some tax breaks for businesses failed to advance in the Senate on Thursday as Republicans largely opposed the measure, arguing they would be in position to get a better deal next year.Majority Leader Charles Schumer, D-N.Y., dared Republicans to vote against the tax … Read more
WASHINGTON (AP) — A bill to expand the child tax credit and restore some tax breaks for businesses failed to advance in the Senate on Thursday as Republicans largely opposed the measure, arguing they would be in position to get a better deal next year. Majority Leader Chuck Schumer, D-N.Y., dared Republicans to vote against … Read more
The presidential race is unpredictable, but the legislative conversation in 2025 for the eventual winner is actually already determined. Nearly all of the Trump tax cuts affecting individual filers expire at the end of that year, as well as enhanced subsidies for Affordable Care Act exchanges. As I was told back in April, the near-term … Read more
Gov. Josh Shapiro of Pennsylvania, who is one of several Democrats in consideration to become Vice President Kamala Harris’s running mate, expressed on Tuesday his opposition to the proposed takeover of U.S. Steel by Japan’s Nippon Steel, citing his reservations about its potential impact on workers in his state.Mr. Shapiro’s comments came during an event … Read more
At the first Democratic presidential debate in 2019, Kamala Harris, then a senator from California, unleashed a scathing critique of the Trump economy.The future vice president billed President Donald J. Trump’s tax cuts as a giveaway to the rich, argued that the booming stock market was leaving the middle class behind and warned that his … Read more