legislation

New parents could get $6,000 for the first year of their child’s life and a restored child tax credit under Kamala Harris’ economic plan

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New parents could get $6,000 for the first year of their child's life and a restored child tax credit under Kamala Harris' economic plan

Economy New parents could get $6,000 for the first year of their child’s life and a restored child tax credit under Kamala Harris’ economic plan Ayelet Sheffey and Juliana Kaplan 2024-08-16T14:33:04Z Share icon An curved arrow pointing right. Share Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send … Read more

4 Impacts a Harris Presidency Could Have on Large Corporations and Their Taxes

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4 Impacts a Harris Presidency Could Have on Large Corporations and Their Taxes

Michael Brochstein/ZUMA Press Wire / SplashNews.com / Michael Brochstein/ZUMA Press Wire / SplashNews.com Because of her late start in the 2024 presidential campaign, vice president and presumptive Democratic nominee Kamala Harris has not had much time to roll out an economic platform. She was expected to do so this week, though what she unveils might … Read more

Presidential Election 2024: What Trump vs. Harris Could Mean for Federal Business Taxes

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Presidential Election 2024: What Trump vs. Harris Could Mean for Federal Business Taxes

The outcome of the upcoming presidential election may significantly affect the changes in federal income taxes on businesses that will be made during the next presidential term of office. The next president’s success in passing specific legislation will depend enormously on the makeup of the next Congress. On November 5, 2024, in addition to the … Read more

Could A Bigger Tax Credit Boost Employer-Provided Child Care?

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Could A Bigger Tax Credit Boost Employer-Provided Child Care?

My spouse and I were lucky as parents. In 2005, I brought our infant daughter to work right after maternity leave, and she was my officemate until she could crawl into the hallway. A colleague did the same with her son the following year. Our employer, a small company with fewer than 25 employees, was … Read more

5 key issues impacting global corporate tax policy

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5 key issues impacting global corporate tax policy

Listen to the article 6 min feedback. Corporate tax managers have had to negotiate their way through heightened turbulence ever since the Trump-led tax cuts and the Jobs Act became law in 2017. Today’s hot-button issue is the ongoing Organisation for Economic Co-operation and Development (OECD)-led global effort to impose a minimum 15% tax on … Read more

A Walzonomics Primer

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A Walzonomics Primer

Here’s how business executives and donors are evaluating Gov. Tim Walz of Minnesota, especially on taxes, labor unions, energy policy and more. Gov. Tim Walz of Minnesota has supported a progressive tax policy in his home state, and has won the support of prominent union officials.Erin Schaff/The New York Times Where Harris’s running mate stands … Read more

Gov. Tim Walz Raised Taxes as Most Governors Cut Them

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Gov. Tim Walz Raised Taxes as Most Governors Cut Them

Tim Walz Tax Policies: Details & Analysis Skip to content Home • Blog • Gov. Tim Walz Raised Taxes as Most Governors Cut Them Most states have cut taxes at least once since 2021, with a renewed emphasis on taxA tax is a mandatory payment or charge collected by local, state, and national governments from … Read more

‘Walz checks,’ free school lunches, and ditching fossil fuels: What Tim Walz’s record in Minnesota says about his economic goals

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'Walz checks,' free school lunches, and ditching fossil fuels: What Tim Walz's record in Minnesota says about his economic goals

Politics ‘Walz checks,’ free school lunches, and ditching fossil fuels: What Tim Walz’s record in Minnesota says about his economic goals Noah Sheidlower 2024-08-06T16:06:24Z Share icon An curved arrow pointing right. Share Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Twitter icon A stylized … Read more

Corporations Help Economy but Need to Pay Fair Share of Taxes

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Corporations Help Economy but Need to Pay Fair Share of Taxes

Unless corporations and the wealthy pay their fair share of taxes, the US will struggle to address numerous pressing challenges, including rising inequity, deteriorating national infrastructure, and the urgent demands of climate change.The 2017 Tax Cuts and Jobs Act slashed the corporate tax rate from 35% to 21%. It also gave corporations other tax breaks, … Read more

Senate Tax Impasse Makes 2025 More Consequential

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Senate Tax Impasse Makes 2025 More Consequential

Senate Republicans block vote on child tax credit expansion and business tax deductions. As expected, Senate Republicans blocked legislation Thursday that would have cut taxes for working families and extended some corporate tax breaks. The vote was 48-44, falling well short of the 60 votes needed for cloture. The House had overwhelmingly approved the $79 billion bill in … Read more