Biden’s Policy Agenda Rests Heavily on Senate Outcome

Which party controls the Senate will largely dictate how ambitious President-elect Joe Biden can get on taxes, health care, climate change and other policy priorities.

#coronavirus-aid-relief-and-economic-security-act-2020, #elections-house-of-representatives, #elections-senate, #federal-taxes-us, #government-contracts-and-procurement, #high-net-worth-individuals, #presidential-election-of-2020, #stimulus-economic, #tax-cuts-and-jobs-act-2017, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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The War on Truth Reaches Its Climax

Trump is telling two big lies, and a third will come soon.

#biden-joseph-r-jr, #black-lives-matter-movement, #bush-george-w, #coronavirus-2019-ncov, #demonstrations-protests-and-riots, #ethics-and-official-misconduct, #federal-taxes-us, #george-floyd-protests-2020, #presidential-election-of-2020, #republican-party, #rumors-and-misinformation, #tax-cuts-and-jobs-act-2017, #trump-donald-j, #united-states-politics-and-government

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Did President Trump Keep His First-Term Promises? Let’s Look at 5 of Them

Mr. Trump won the presidency in 2016 after making more than 100 promises. Here’s where some stand four years later and what some of his supporters think of them.

#appointments-and-executive-changes, #courts-and-the-judiciary, #federal-courts-us, #illegal-immigration, #international-trade-and-world-market, #north-american-free-trade-agreement, #patient-protection-and-affordable-care-act-2010, #presidential-election-of-2016, #presidential-election-of-2020, #republican-party, #tax-cuts-and-jobs-act-2017, #trump-donald-j, #united-states-politics-and-government

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Republicans, Not Biden, Are About to Raise Your Taxes

People making from $10,000 and $30,000 — nearly one-quarter of Americans — are among millions slated to pay more in 2021.

#congressional-budget-office, #joint-committee-on-taxation, #tax-cuts-and-jobs-act-2017, #zandi-mark

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Trump’s Manufacturing Promises Disappoint as Economy Sours

Foxconn’s failure to deliver on a Wisconsin project underscores the limits of the president’s power to make companies bend to his will.

#coronavirus-2019-ncov, #corporate-taxes, #customs-tariff, #factories-and-manufacturing, #labor-and-jobs, #layoffs-and-job-reductions, #presidential-election-of-2020, #relocation-of-business, #steel-and-iron, #tax-cuts-and-jobs-act-2017, #united-states-economy

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Hedge Fund Magnate Is Moving His $41 Billion Firm From N.Y. to Florida

The firm, Elliott Management, led by Paul Singer, will transfer its headquarters to West Palm Beach, Fla., because of the pandemic.

#elliott-management-corp, #federal-taxes-us, #florida, #high-net-worth-individuals, #icahn-carl-c, #income-tax, #new-york-city, #pollock-jonathan-d, #relocation-of-business, #singer-paul-e, #tax-cuts-and-jobs-act-2017, #taxation, #trump-donald-j

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Why Trump’s Taxes Are a Call to Action

For a more equitable system, we need a simpler and fairer tax code.

#democratic-party, #federal-taxes-us, #high-net-worth-individuals, #income-tax, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #taxation, #trump-tax-returns, #trump-donald-j, #united-states

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Global Talks on Taxing Tech Firms Will Slip Into 2021

The talks at the Organization for Economic Cooperation and Development have progressed on several fronts, but a dispute remains between the Trump administration and key allies.

#computers-and-the-internet, #coronavirus-aid-relief-and-economic-security-act-2020, #corporate-taxes, #customs-tariff, #federal-taxes-us, #international-trade-and-world-market, #tax-cuts-and-jobs-act-2017

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Kamala Harris and Mike Pence’s Debate: ‘Most Bizarre Moment Was the Fly’

How the vice-presidential showdown looked to Times Opinion writers.

#barrett-amy-coney, #biden-joseph-r-jr, #coronavirus-2019-ncov, #democratic-party, #harris-kamala-d, #obama-barack, #patient-protection-and-affordable-care-act-2010, #presidential-election-of-2020, #republican-party, #tax-cuts-and-jobs-act-2017, #trump-donald-j, #united-states, #united-states-politics-and-government, #vice-presidents-and-vice-presidency-us

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Trump’s Payroll Tax ‘Cut’ Fizzles

Big companies say the president’s directive to delay collection of the tax that funds Social Security is more trouble than it is worth. Federal employees are upset they are stuck with it.

#corporate-taxes, #executive-orders-and-memorandums, #federal-taxes-us, #layoffs-and-job-reductions, #payroll-tax, #social-security-us, #stimulus-economic, #tax-cuts-and-jobs-act-2017, #united-states-economy

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The Tax Cut for the Rich That Democrats Love

Why are party leaders fighting to get rid of one surprisingly progressive element of the 2017 tax bill?

#biden-joseph-r-jr, #democratic-party, #federal-taxes-us, #income-inequality, #income-tax, #pelosi-nancy, #presidential-election-of-2020, #schumer-charles-e, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #taxation, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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Here’s How Moving to Work Remotely Could Affect Your Taxes

The rules are complicated and vary by state, so accountants are advising taxpayers to keep track of how many days they spend working in each state.

#accounting-and-accountants, #coronavirus-2019-ncov, #federal-taxes-us, #federal-state-relations-us, #income, #income-tax, #new-york-state, #states-us, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #taxation, #united-states

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The Coronavirus Generation

The virus doesn’t sicken kids as much as adults. But it can still destroy their futures. A child allowance would help.

#anxiety-and-stress, #bennet-michael-farrand, #biden-joseph-r-jr, #coronavirus-2019-ncov, #education-k-12, #food-stamps, #poverty, #presidential-election-of-2020, #tax-cuts-and-jobs-act-2017, #united-states-economy, #united-states-politics-and-government, #welfare-us

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Trump Ads Attack Biden Through Deceptive Editing and Hyperbole

We reviewed all of the Trump campaign’s television ads since June. Two-thirds contained clearly misleading claims or videos.

#black-lives-matter-movement, #charter-schools, #federal-taxes-us, #police, #police-reform, #political-advertising, #presidential-election-of-2020, #tax-cuts-and-jobs-act-2017, #taxation, #united-states-politics-and-government

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Stock Investors Worried About Biden Presidency

While the pandemic remains the key mover of stocks, investors are beginning to worry about the implications of a Biden win in November.

#arms-trade, #banking-and-financial-institutions, #biden-joseph-r-jr, #federal-taxes-us, #polls-and-public-opinion, #presidential-election-of-2020, #tax-cuts-and-jobs-act-2017, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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A Trump Tax Break Is Not Spurring Job Creation, Study Finds

A report on opportunity zones finds that a tax incentive President Trump credits with revitalizing black communities has mostly helped real estate developers.

#federal-taxes-us, #labor-and-jobs, #real-estate-and-housing-residential, #tax-cuts-and-jobs-act-2017, #urban-institute

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Why Aren’t Republicans Trying to Please Voters?

The leaders of the governing party can’t seem to stop doing and proposing unpopular things.

#coronavirus-2019-ncov, #mcconnell-mitch, #republican-party, #tax-cuts-and-jobs-act-2017, #trump-donald-j, #united-states-politics-and-government

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The Tax-Break Bonanza Inside the Economic Rescue Package

As small businesses and individuals struggle to obtain federal aid, the wealthiest are poised to reap tens of billions of dollars in tax savings.

#coronavirus-aid-relief-and-economic-security-act-2020, #corporate-taxes, #federal-taxes-us, #high-net-worth-individuals, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017

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Mitch McConnell Is Not as Clever as He Thinks He Is

Leaving states to fend for themselves is a shocking abdication of responsibility that may haunt his party in November.

#coronavirus-aid-relief-and-economic-security-act-2020, #labor-and-jobs, #mcconnell-mitch, #recession-and-depression, #republican-party, #tax-cuts-and-jobs-act-2017, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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No Fight Over Red Ink Now, but Virus Spending Will Force Tough Choices

The surge of deficit spending to “never-before-seen levels” is viewed as necessary, but dangerous for the future.

#committee-for-a-responsible-federal-budget, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-budget-us, #federal-taxes-us, #house-of-representatives, #national-debt-us, #senate, #tax-cuts-and-jobs-act-2017, #taxation, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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Talks Begin on Stimulus Plan as Trump Plays Down Virus Threat

A proposal to eliminate payroll taxes through the end of the year, estimated to cost $700 billion, faces bipartisan opposition, but some version of it could be the basis for a broad agreement to provide aid.

#coronavirus-2019-ncov, #fauci-anthony-s, #federal-emergency-management-agency, #federal-taxes-us, #kudlow-lawrence-a, #mnuchin-steven-t, #paid-time-off, #payroll-tax, #pelosi-nancy, #tax-cuts-and-jobs-act-2017, #trump-donald-j, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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Your 8 Most Vexing Tax Questions, Answered

Changing rules have led to taxpayer confusion. We asked accountants and other specialists to help sort it all out.

#accounting-and-accountants, #federal-taxes-us, #income, #income-tax, #mortgages, #pensions-and-retirement-plans, #personal-finances, #real-estate-and-housing-residential, #rebates-and-refunds, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #tax-evasion, #tax-preparers-and-preparation

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