I’m tired of hearing Republicans claim that we should reduce taxes on corporations because corporate tax cuts create jobs. It’s untrue. Also untrue are the repeated Republican assertions that tax increases on corporations, and regulations requiring corporations to better protect the health and safety of their consumers and workers and the environment, are “job killers.” … Read more
Boston Mayor Michelle Wu framed her plan to increase commercial tax rates as a necessary evil during a hearing before state lawmakers, saying residents may be forced out of their homes if the bill doesn’t pass and their property tax bills spike next year.Originally Published: July 16, 2024 at 8:30 p.m.
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
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
First Vice Finance Minister Kim Byoung-hwan, nominee for chairman of the Financial Services Commission (FSC), speaks to reporters during a press conference held at his temporary office in central Seoul, Friday. YonhapNominee shows confidence in Corporate Value-up ProgramBy Anna J. ParkThe nominee for the head of the Financial Services Commission (FSC), Korea’s top financial regulator, … 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
For years we’ve been hearing that when President Donald Trump cut corporate taxes in 2017, corporations pissed away their tax savings on stock buybacks. Trump himself, in one of his rare episodes of truthfulness, admitted it. But that turns out not to be quite right. According to a new report by the public interest nonprofit … Read more
Sharon Basch is a rising 3L at the University of Pittsburgh School of Law and a JURIST staff correspondent in Washington DC this summer. Wednesday morning I attended a US Senate Budget Committee hearing entitled “Making Wall Street Pay its Fair Share: Raising Revenue, Strengthening Our Economy.” The hearing was called to discuss tax policy and … Read more
“It’s not enough just to undo the damage of the Trump tax law—our tax code wasn’t fair before that,” said the Chairman of the Budget Committee Washington, D.C.— U.S. Senator Sheldon Whitehouse (D-RI), Chairman of the U.S. Senate Budget Committee, delivered the following opening statement at today’s hearing, titled “Making Wall Street Pay Its Fair Share: … Read more
The families of the 24 Cypriot children who were killed when the Isias hotel in the Turkish city of Adiyaman collapsed travelled to Turkey on Tuesday ahead of the resumption of the trial of those held responsible on Wednesday.The 24 children, alongside 11 Cypriot adults and 47 others, were all killed when the hote, collapsed … Read more