The Ohio Primary and the Return of the Republican Civil War

How the divides of the party’s 2016 primary campaign have risen fully to the surface again.

#cheney-liz, #club-for-growth, #conservatism-us-politics, #cruz-ted, #elections-senate, #haley-nikki-r, #house-freedom-caucus, #mcconnell-mitch, #midterm-elections-2022, #pence-mike, #presidential-election-of-2016, #primaries-and-caucuses, #republican-party, #rubio-marco, #senate, #tax-cuts-and-jobs-act-2017, #trump-donald-j, #trump-donald-j-jr, #vance-j-d

The G.O.P. Is Still the Party of Plutocrats

Unlike Europe’s right, it won’t even gesture toward actual populism.

#desantis-ron, #high-net-worth-individuals, #national-rally-france, #patient-protection-and-affordable-care-act-2010, #republican-party, #right-wing-extremism-and-alt-right, #scott-richard-l, #tax-cuts-and-jobs-act-2017

Marco Rubio Wants to Be a Working Class Hero

Only one problem. 

#banks-jim-1979, #collective-bargaining, #labor-and-jobs, #organized-labor, #republican-party, #rubio-marco, #strikes, #tax-cuts-and-jobs-act-2017, #united-states-economy, #united-states-politics-and-government, #wages-and-salaries

Democrats Employ Budget Gimmicks They Once Derided

Budget experts say true cost of legislation could be $4 trillion as lawmakers rely on sleights of hand to bring down the price tag.

#american-rescue-plan-2021, #corporate-taxes, #federal-budget-us, #federal-taxes-us, #income-tax, #law-and-legislation, #tax-cuts-and-jobs-act-2017, #taxation, #united-states-economy, #united-states-politics-and-government

Biden Finds Raising Corporate Tax Rates Easier Abroad Than at Home

As the Group of 20 seals a new global minimum tax for companies, the president has scaled back his plans to tax U.S. corporations more.

#biden-joseph-r-jr, #corporate-taxes, #corporations, #donohoe-paschal-1974, #europe, #federal-budget-us, #federal-taxes-us, #foreign-investments, #group-of-twenty, #house-of-representatives, #income, #income-tax, #internal-revenue-service, #national-assn-of-manufacturers, #organization-for-economic-cooperation-and-development, #patriotic-millionaires, #tax-cuts-and-jobs-act-2017, #tax-shelters, #treasury-department, #trump-donald-j, #united-states, #united-states-economy, #united-states-politics-and-government, #wages-and-salaries, #yellen-janet-l

Democrats Rush to Rewrite U.S. Tax Code in Days

Lawmakers are racing to finalize legislation to pay for new spending initiatives. The process usually takes months, but they are trying to do it in days.

#capital-gains-tax, #corporate-taxes, #federal-taxes-us, #high-net-worth-individuals, #house-of-representatives, #income-tax, #senate, #tax-cuts-and-jobs-act-2017, #taxation

Biden and the Democrats Are on the Verge of … Something

The politics of compromise are all happening on one side of the aisle. 

#abortion, #biden-joseph-r-jr, #cheney-liz, #democratic-party, #presidential-election-of-2020, #republican-party, #supreme-court-us, #tax-cuts-and-jobs-act-2017, #third-party-politics-us, #trump-donald-j, #united-states-politics-and-government

How Not to Let Corporations Kill Biden’s Agenda

Profit taxes should be increased, but it’s OK to borrow if they aren’t.

#corporate-taxes, #federal-budget-us, #federal-taxes-us, #lobbying-and-lobbyists, #national-debt-us, #sinema-kyrsten, #tax-cuts-and-jobs-act-2017, #united-states-politics-and-government

Democrats Back Away From Raising Tax Rates to Pay for Agenda

Responding to concerns from a key centrist, Senator Kyrsten Sinema of Arizona, the White House and leading Democrats are instead discussing a range of other taxes to pay for the plan.

#american-families-plan-2021, #biden-joseph-r-jr, #corporate-taxes, #democratic-party, #federal-taxes-us, #income-tax, #law-and-legislation, #manchin-joe-iii, #neal-richard-e, #senate, #sinema-kyrsten, #tax-cuts-and-jobs-act-2017, #united-states-politics-and-government

Why Democrats Are Having Trouble in Congress

A party with full control of government usually struggles and often fails to enact its agenda.

#american-jobs-plan-2021, #democratic-party, #filibusters-and-debate-curbs, #law-and-legislation, #republican-party, #tax-cuts-and-jobs-act-2017, #united-states-politics-and-government

Sept. 18 Was No Jan. 6.

Sept. 18 was no Jan. 6.

#afghanistan-war-2001, #biden-joseph-r-jr, #democratic-party, #federal-taxes-us, #mcconnell-mitch, #met-gala, #ocasio-cortez-alexandria, #pelosi-nancy, #republican-party, #social-media, #storming-of-the-us-capitol-jan-2021, #tax-cuts-and-jobs-act-2017, #united-states-defense-and-military-forces, #united-states-politics-and-government

How Accounting Giants Craft Favorable Tax Rules From Inside Government

Lawyers from top accounting firms do brief stints in the Treasury Department, with the expectation of big raises when they return.

#accounting-and-accountants, #corporate-taxes, #deloitte-touche-tohmatsu-ltd, #ernstyoung, #ethics-and-official-misconduct, #federal-taxes-us, #internal-revenue-service, #kpmg, #lobbying-and-lobbyists, #pricewaterhousecoopers, #regulation-and-deregulation-of-industry, #rsm, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #tax-shelters, #taxation, #treasury-department, #united-states-politics-and-government

In Social Policy Bill, Businesses See a Lot to Like. They Oppose It.

Resistance to tax increases outweighs the appeal of a $3.5 trillion measure containing child care credits and other items that corporations embrace.

#american-families-plan-2021, #business-roundtable, #corporate-taxes, #federal-taxes-us, #income-inequality, #tax-cuts-and-jobs-act-2017, #united-states-chamber-of-commerce, #united-states-economy, #united-states-politics-and-government

Democrats Eye Taxing Stock Buybacks and Partnerships

Senate Democrats say a 2 percent tax on the money companies use to buy back stocks and tightened rules around taxing partnerships would raise $270 billion for their $3.5 trillion social policy bill.

#brown-sherrod, #corporate-taxes, #federal-taxes-us, #high-net-worth-individuals, #stock-buybacks, #tax-cuts-and-jobs-act-2017, #tax-evasion, #tax-shelters, #united-states-politics-and-government, #wyden-ron

Biden, Needing a Win, Enters a Sprint for his Economic Agenda

As his poll numbers slide, the president and his aides have mounted an aggressive pitch in Congress and around the country for his spending plans on infrastructure and more.

#american-jobs-plan-2021, #american-rescue-plan-2021, #coronavirus-aid-relief-and-economic-security-act-2020, #law-and-legislation, #stimulus-economic, #tax-cuts-and-jobs-act-2017, #united-states-economy, #united-states-politics-and-government

Biden Enters a Sprint for his Economic Agenda

As his poll numbers slide, the president and his aides have mounted an aggressive pitch in Congress and around the country for his spending plans on infrastructure and more

#american-jobs-plan-2021, #american-rescue-plan-2021, #coronavirus-aid-relief-and-economic-security-act-2020, #law-and-legislation, #stimulus-economic, #tax-cuts-and-jobs-act-2017, #united-states-economy, #united-states-politics-and-government

Infrastructure Bill Talks Collide With Democrats’ Goal to Tax the Rich

Many Democrats see the push for an infrastructure package as an opportunity to raise taxes on rich individuals and corporations. But resistance is coming from multiple directions.

#american-families-plan-2021, #american-jobs-plan-2021, #capital-gains-tax, #democratic-party, #federal-taxes-us, #high-net-worth-individuals, #income-tax, #infrastructure-public-works, #sanders-bernard, #senate, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #united-states-politics-and-government, #warren-elizabeth, #wyden-ron

How Private Equity Firms Avoid Taxes

The I.R.S. almost never audits private equity firms, even as whistle-blowers have filed claims alleging illegal tax avoidance.

#apollo-global-management, #bain-capital, #biden-joseph-r-jr, #blackstone-group-the, #capital-gains-tax, #carlyle-group-lp, #federal-taxes-us, #government-accountability-office, #high-net-worth-individuals, #income-inequality, #income-tax, #internal-revenue-service, #kirklandellis, #kkrco-lp, #mnuchin-steven-t, #private-equity, #rettig-charles-p, #schwarzman-stephen-a, #tax-cuts-and-jobs-act-2017, #tax-evasion, #tax-shelters, #tpg-capital, #treasury-department, #trump-donald-j, #united-states-politics-and-government, #whistle-blowers

ProPublica Report Has Congress Rethinking How to Tax Superrich

A report showing that the richest Americans, including Jeff Bezos, Elon Musk and Warren Buffett, pay almost no taxes has refocused attention on the tax code.

#alternative-minimum-tax, #biden-joseph-r-jr, #capital-gains-tax, #corporate-taxes, #democratic-party, #federal-taxes-us, #high-net-worth-individuals, #income-tax, #internal-revenue-service, #pro-publica, #propublica, #republican-party, #senate-committee-on-finance, #stocks-and-bonds, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #tax-shelters, #taxation, #toomey-patrick-j, #united-states-economy, #united-states-politics-and-government, #warren-elizabeth, #wyden-ron

Rich Americans Like Bezos, Musk, Buffett Avoided Income Tax

An analysis by ProPublica based on Internal Revenue Service documents showed billionaires like Jeff Bezos and Elon Musk benefited from vagaries in the tax code.

#corporate-taxes, #federal-taxes-us, #high-net-worth-individuals, #income-tax, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #taxation

Can the Rich Pay for a Better America?

Biden has it mostly right. But will Congress water down his plans?

#biden-joseph-r-jr, #corporate-taxes, #federal-budget-us, #federal-taxes-us, #high-net-worth-individuals, #tax-cuts-and-jobs-act-2017, #tax-shelters, #taxation, #united-states-politics-and-government

Biden Narrows Infrastructure Proposal to Win Republican Support

The president offered new concessions this week, including dropping his plan to reverse some of the 2017 tax cuts, as he tries to win support from Senate Republicans.

#american-jobs-plan-2021, #biden-joseph-r-jr, #capito-shelley-moore, #corporate-taxes, #democratic-party, #federal-taxes-us, #house-of-representatives, #infrastructure-public-works, #republican-party, #senate, #tax-cuts-and-jobs-act-2017, #united-states-politics-and-government

Biden Narrows Infrastructure Request, but Hurdles Remain for Bipartisan Deal

The president offered new concessions this week, including dropping his plan to reverse some of the 2017 tax cuts, as he tries to win support from Senate Republicans.

#american-jobs-plan-2021, #biden-joseph-r-jr, #capito-shelley-moore, #corporate-taxes, #democratic-party, #federal-taxes-us, #house-of-representatives, #infrastructure-public-works, #republican-party, #senate, #tax-cuts-and-jobs-act-2017, #united-states-politics-and-government

Biden Leans Into Plans to Tax the Rich

“We’re not going to deprive any of these executives of their second or third home, travel privately by jet,” the president said at the White House.

#biden-joseph-r-jr, #corporate-taxes, #federal-taxes-us, #income-tax, #tax-cuts-and-jobs-act-2017, #united-states-economy, #united-states-politics-and-government

Why a $10,000 Tax Deduction Could Hold Up Trillions in Stimulus Funds

The fight over SALT is a case study in the age-old conflict between constituent politics and national policy.

#american-jobs-plan-2021, #biden-joseph-r-jr, #federal-taxes-us, #high-net-worth-individuals, #income-tax, #infrastructure-public-works, #institute-on-taxation-and-economic-policy, #ocasio-cortez-alexandria, #property-taxes, #stimulus-economic, #suozzi-thomas-r, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #united-states-politics-and-government

In G.O.P. Rebuttal, Tim Scott Accuses Biden of Pulling Nation ‘Further Apart’

The South Carolina senator did not offer a comprehensive alternative to President Biden’s education and child-care plans. Instead, he called them “big-government waste.”

#american-families-plan-2021, #american-jobs-plan-2021, #biden-joseph-r-jr, #infrastructure-public-works, #mcconnell-mitch, #republican-party, #scott-timothy-eugene, #tax-cuts-and-jobs-act-2017, #united-states-economy, #united-states-politics-and-government

Why Are Democrats Pushing a Tax Cut for the Wealthy?

Restoring an unlimited federal tax deduction for state and local tax payments is bad politics and bad policy.

#federal-taxes-us, #income-inequality, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #taxation, #united-states-politics-and-government

Biden Administration Debating How to Overhaul a Trump-Era Tax Break

The president promised on the campaign trail to overhaul opportunity zones, which a new study suggests mostly fueled real estate investment in gentrifying areas in 2019.

#area-planning-and-renewal, #biden-joseph-r-jr, #enterprise-zones, #gentrification, #real-estate-commercial, #real-estate-and-housing-residential, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

Trump’s Corporate Tax Cut Was a Flop

The abject failure surprised even the critics.

#corporate-taxes, #federal-taxes-us, #international-monetary-fund, #tax-cuts-and-jobs-act-2017, #tax-shelters

Biden, Yellen and the War on Leprechauns

Bribing corporations with low taxes isn’t the way to create jobs.

#biden-joseph-r-jr, #corporate-taxes, #federal-taxes-us, #foreign-investments, #tax-cuts-and-jobs-act-2017, #tax-shelters

What’s in Biden’s Tax Plan?

The proposal includes provisions to raise the corporate tax rate to 28 percent, make it harder for companies to move profits overseas and beef up the Internal Revenue Service.

#oil-petroleum-and-gasoline, #tax-cuts-and-jobs-act-2017, #tax-shelters, #united-states-economy

Biden’s Tax Plan Aims to Raise $2.5 Trillion and End Profit-Shifting

The plan detailed by the Treasury Department would make it harder for companies to avoid paying taxes on both U.S. income and profits stashed abroad.

#american-jobs-plan-2021, #biden-joseph-r-jr, #democratic-party, #federal-taxes-us, #infrastructure-public-works, #republican-party, #tax-cuts-and-jobs-act-2017, #tax-shelters, #treasury-department, #trump-donald-j, #united-states, #united-states-economy, #united-states-politics-and-government, #yellen-janet-l

No Federal Taxes for Dozens of Big, Profitable Companies

FedEx and Nike are among those found to have avoided U.S. tax liability for three straight years.

#corporate-taxes, #federal-taxes-us, #income-tax, #institute-on-taxation-and-economic-policy, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #taxation, #united-states-economy, #united-states-politics-and-government

Bidenomics Is as American as Apple Pie

Big spending on infrastructure goes back to the Erie Canal.

#american-jobs-plan, #american-rescue-plan-2021, #biden-joseph-r-jr, #corporate-taxes, #income-tax, #infrastructure-public-works, #made-in-america-tax-plan, #tax-cuts-and-jobs-act-2017, #united-states-economy, #united-states-politics-and-government

Democrats Look to Smooth the Way for Biden’s Infrastructure Plan

House Democrats face hurdles to pushing through the president’s big spending plans, including Republican opposition and resistance from their own ranks.

#american-rescue-plan-2021, #biden-joseph-r-jr, #democratic-party, #federal-budget-us, #house-of-representatives, #infrastructure-public-works, #senate, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #taxation, #united-states-economy, #united-states-politics-and-government

Biden Poised to Raise Taxes on Business and the Rich

The president’s infrastructure proposals are likely to require trillions of dollars in new tax revenue. They also give liberals a chance to address what they call the failures of Republican tax cuts.

#biden-joseph-r-jr, #corporate-taxes, #democratic-party, #federal-taxes-us, #income-tax, #infrastructure-public-works, #republican-party, #senate, #tax-cuts-and-jobs-act-2017, #taxation, #united-states-economy, #united-states-politics-and-government

To Juice the Economy, Biden Bets on the Poor

Mr. Biden’s bottom-up $1.9 trillion aid package is a sharp reversal from the tax cut bill that was President Donald J. Trump’s first big legislative victory.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #democratic-party, #house-of-representatives, #income-inequality, #labor-and-jobs, #republican-party, #senate, #stimulus-economic, #tax-cuts-and-jobs-act-2017, #united-states-economy, #united-states-politics-and-government

Joe Biden’s Approach: Speak Softly, and Carry a Big Agenda

If you dial down the conflict, you can dial up the policy.

#bedingfield-kate, #biden-joseph-r-jr, #coronavirus-2019-ncov, #obama-barack, #patient-protection-and-affordable-care-act-2010, #polls-and-public-opinion, #tax-cuts-and-jobs-act-2017, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

Mitch McConnell Should Leave the History Lessons to Others

The framers did not want a Senate supermajority to be required to pass ordinary legislation.

#constitution-us, #debates-political, #elections-senate, #filibusters-and-debate-curbs, #hamilton-alexander, #law-and-legislation, #madison-james-1751-1836, #mcconnell-mitch, #republican-party, #tax-cuts-and-jobs-act-2017, #united-states-politics-and-government

Biden Wants to Raise Taxes, Yet Many Trump Tax Cuts Are Here to Stay

While Democrats have vowed to repeal the former president’s signature 2017 law, his successor is more likely to tinker with it, given constraints.

#corporate-taxes, #federal-budget-us, #federal-taxes-us, #infrastructure-public-works, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #tax-shelters, #taxation, #trump-tax-returns, #united-states-politics-and-government

Who’s Radical Now? The Case of Minimum Wages

Evidence has a well-known liberal bias.

#biden-joseph-r-jr, #minimum-wage, #republican-party, #tax-cuts-and-jobs-act-2017, #united-states-economy, #wages-and-salaries

After Riot, Business Leaders Reckon With Their Support for Trump

Many in corporate America endorsed the president’s economic policies, which were good for them and gave him mainstream business credibility. It was “fool’s gold,” one said on Thursday.

#corporate-taxes, #corporations, #national-assn-of-manufacturers, #tax-cuts-and-jobs-act-2017, #trump-donald-j, #united-states-politics-and-government, #walker-darren-1959

Why Populists Really Need Technocrats

Populism casts itself in opposition to technocratic expertise — but it ultimately relies upon it.

#biden-joseph-r-jr, #executive-orders-and-memorandums, #house-of-representatives, #presidential-election-of-2020, #tax-cuts-and-jobs-act-2017, #united-states

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

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

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

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

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

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

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