Tax hike or tax cut? CNBC’s misleading report on GOP’s tax reform

WASHINGTON, January 16, 2018: Now that it’s 2018, millions of taxpayers across America are still wondering: Will I get a tax cut or a tax hike? The answer for a substantial majority of U.S. taxpayers is, “Yes, I’ll get a tax cut.” But according to the descriptive language in a recent CNBC assessment of the GOP… Please follow and like us:

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Rebooting Canada’s failed NAFTA strategy

By Danny Lam, Research Associate Environment & Security, University of Waterloo. Canada’s NAFTA strategy is in big trouble. Prime Minister Justin Trudeau is seen here meeting with U.S. President Donald Trump in the Oval Office of the White House in February 2017. (THE CANADIAN PRESS/Sean Kilpatrick) Canada’s NAFTA strategy is in trouble, to the extent that… Please follow and like us:

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Trump’s Anti-Red Tape Effort Shows Biggest Drop in New Edicts Since 1993

Government agencies in 2017 published the fewest pages of new regulations in the Federal Register since Bill Clinton was in the White House, according to the Competitive Enterprise Institute (CEI), a conservative Washington, D.C.-based think tank. A total of 1,579 regulations issued by Barack Obama and heading toward full implementation were either delayed or cancelled by… Please follow and like us:

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The IRS has spoken. Can you deduct your 2018 property tax prepayments?

Taxpayers are scrambling to prepay their 2018 property taxes and municipal clerk offices are adding hours to cope with the demand as homeowners look to save money before new limits on state and local tax deductions kick in. It’s not entirely clear yet, however, whether all of those efforts will pay off. Here’s what local government… Please follow and like us:

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Trump: ‘No, I’m not’ firing Mueller, as allies step up attacks on special counsel probe

WASHINGTON — Amid increasing Republican attacks on Robert S. Mueller III over the scope and impartiality of his investigation of Russian campaign meddling, President Donald Trump denied on Sunday that he had any intention of firing the special counsel. “No — no, I’m not,” Trump said on Sunday as he returned to the White House from… Please follow and like us:

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Republican Lawmakers Finalize US Tax Reform Bill

U.S. Republican Senate and House negotiators finalized a final version Friday of their compromise $1.5 trillion tax bill, after trying to appease recalcitrant Republican Senator Marco Rubio, who demanded an expansion of the child tax credit that provides benefits for low-income families. Republican sources said the measure should be released later Friday. Republican lawmakers hammered out… Please follow and like us:

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Tax Cut Backers Unhappy That Cap Gains Tax Provision Means Some Must Pay More

Congress is moving steadily toward passage of a Republican tax reform bill that President Donald Trump almost certainly will sign when it reaches his desk, but tensions remain among advocacy groups seeking to drain the Washington swamp, thanks to a provision on the “death tax.” Senate and House conferees are ironing out differences between their chamber’s… Please follow and like us:

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Spread the swamp? Trump administration wants to move government offices out of Washington

WASHINGTON — Amid the talk of draining swamps, restoring political might to blue-collar America and turning off the spigot of taxpayer cash that showers Washington, a familiar battle cry is ricocheting through this city: Move the bureaucrats out. It has the ring of a Trumpian fantasy. Dislodge arms of the federal government from Washington and reattach… Please follow and like us:

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Soros blasts ‘lies’ of Hungary government campaign

George Soros spoke out Monday for the first time about Hungary’s “survey” on the US financier and philanthropist’s views and alleged intentions on immigration, accusing Budapest of “distortions and outright lies”. Hungarian-born Soros, 87, said Prime Minister Viktor Orban’s government has sought to portray him as “an outside enemy to distract citizens” from “health care and… Please follow and like us:

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Which will it be, GOP? Patriotism or globalism?

Donald J. Trump made opposition to free trade a potent instrument for vanquishing his foes and capturing the White House in 2016. Candidate Trump thundered against NAFTA (the North American Free Trade agreement) and vowed to scrap TPP, the TransPacific Partnership, aka Obamatrade. Blue collar Democrats deserted their party in droves, marched beneath his ensign, and… Please follow and like us:

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America’s two-tiered economy undermines small businesses

By Ross Marchand / Taxpayers Protection Alliance America has an inequality problem, but not the one many people think. Every few years, statisticians armed with the latest income data from the U.S. Census Bureau claim to find ever-increasing evidence of a widening gap between the have and have-nots. Economists on the right side of the political… Please follow and like us:

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IMF’s Lagarde: US tax overhaul ‘desperately needed’

IMF chief Christine Lagarde on Friday urged the United States to proceed with a tax overhaul, saying it was “desperately needed” to boost growth in the world’s largest economy. “Tax reform is a must. Tax reform in the US is imperative,” Lagarde said on CNBC. “It has to be simpler. It has to be at lower… Please follow and like us:

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Republican reform tax plan would expand amount of Americans who don’t owe income tax

Republicans say their new tax plan would greatly expand the “zero tax” bracket of those who owe no federal income tax – bucking a longtime goal of fiscal conservatives who want to see more Americans with “skin in the game” when it comes to government spending. Some 45 percent of Americans pay no federal income tax… Please follow and like us:

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Donald Trump guts tax code: Slashes rates, kills death tax

INDIANAPOLIS – President Trump unveiled a sweeping tax reform plan Wednesday that dramatically lowers rates, expands the amount of tax-free income everyone can pocket and simplifies the code to a one-page return for most Americans. In a speech in Indianapolis, Indiana, Mr. Trump called the proposal “revolutionary change” for businesses and for individual taxpayers. “We will… Please follow and like us:

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Study: Unfunded Debt 15 Times Higher in Democratic-Run States

The nation’s Democratic-controlled states have unfunded debt that is 15 times greater than the burden on taxpayers in states under total Republican control, according to a study released Tuesday. The nonprofit group Truth in Accounting published “Financial State of the States,” which analyzes the public finances of all 50 states. The group found that state governments… Please follow and like us:

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