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October 25, 2021

Taxes

Senate Democrats push for tax on billionaires to help fund spending plan

CNBC
CNBC – For more and to sign up click here U.S. Senate Finance Committee Chairman Ron Wyden, D-Ore., questions IRS Commissioner Charles P. Rettig at a June 8, 2021 Senate Finance Committee hearing. Tom Williams | Pool | Reuters As Democrats inch closer to finalizing their social spending package, Senate......

There’s a chance China might finally put taxes on property

CNBC Real Estate
Vehicles drive by unfinished residential buildings from the Evergrande Oasis, a housing complex developed by Evergrande Group, in Luoyang, China September 16, 2021. Carlos Garcia Rawlins | Reuters BEIJING — China is closer than ever to taxing property owners, analysts say, nearly two decades after authorities began floating the idea.......

U.S. agrees to drop tariffs on countries that imposed digital services taxes as a global tax overhaul moves ahead.

New York Times
WASHINGTON — The United States reached an agreement on Thursday with Austria, France, Italy, Spain and Britain that will terminate the threat of American tariffs on certain goods from those countries in exchange for the eventual removal of digital services taxes that they had imposed on companies like Facebook, Amazon......

How the wealthy are preparing for higher taxes

CNBC
CNBC – For more and to sign up click here izusek | E+ | Getty Images To pay for a historic and sweeping expansion of the social safety net, President Joe Biden and Democrats are planning to slap wealthy Americans with higher taxes. In response, financial advisors and their well-off......

The ultimate side hustle guide for 2021

CNBC
CNBC – For more and to sign up click here The Covid-19 pandemic has put millions of Americans out of work and many small retailers and restaurants out of business. At the same time, it has been a hotbed of innovation and new business creation. U.S. business formations rose by......

‘I was depending on it’: One week later, parents say they still haven’t received the September child tax credit payment

CNBC
CNBC – For more and to sign up click here One week after September child tax credit (CTC) payments were sent out by the IRS, several parents tell CNBC Make It they still have not received theirs. The parents say the IRS won’t give them a clear answer on why......

Eric Adams get$ it!: Goodwin

NYPost
Michael Goodwin Democratic mayoral nominee Eric Adams understands the importance of keeping rich New Yorkers and companies in the Big Apple — instead of alienating them like Mayor Bill de Blasio has, Michael Goodwin writes. Source – For more click here To Return to the Main Aggregate News Page –......

Families with up to $50,000 in income have saved and invested their monthly child tax credit payments, research shows

CNBC
CNBC – For more and to sign up click here Halfpoint Images | Moment | Getty Images New data on the monthly child tax credit payments shows how parents earning up to $50,000 a year are using the extra money. They’re investing it. The monthly checks started in July, and......

Clinton team created ‘Russiagate’ and other commentary

NYPost
Post Editorial Board Scandal watch: Clinton Team Created ‘Russiagate’ Special counsel John Durham’s indictment of former “Clinton campaign lawyer Michael Sussmann . . . is damning on the alleged effort to push a false Russia collusion claim,” explains Jonathan Turley at The Hill — especially the line “we will have to......

Senate bill to end ETF tax break is ‘pretty unlikely to pass,’ market analyst says

CNBC
CNBC – For more and to sign up click here One Senate Democrat’s proposal to end a tax break for exchange-traded funds is “pretty unlikely to pass,” ETF Trends chief investment officer and director of research Dave Nadig told CNBC’s “ETF Edge” this week. “I think the chances are fairly......

Health savings accounts aren’t being used by older Americans who need them the most

CNBC
CNBC – For more and to sign up click here LifestyleVisuals | E+ | Getty Images Many older Americans worry about rising medical expenses, and those who may benefit most from a tax-friendly health savings account are the least likely to have one.  That’s according to a report from the National Poll......

Los Angeles Clippers strike $500 million-plus naming rights deal with financial software company Intuit

CNBC
CNBC – For more and to sign up click here New LA Clippers arena. Source: LA Clippers The Los Angeles Clippers announced on Friday a sponsorship deal with financial software company Intuit, which will hold title rights to the team’s new $1.2 billion arena, scheduled to open in Inglewood in......

His economic agenda on the line, Biden prepares to fight for tax increases on the wealthy

CNBC
CNBC – For more and to sign up click here WASHINGTON — After a rough summer, President Joe Biden is getting ready to spend the autumn fighting for tax increases on the wealthy and corporations. The surge of the Covid-19 delta variant, the U.S. withdrawal from Afghanistan, hurricanes, wildfires, evictions......

Millionaire taxes would increase 11% in 2023 under House Democrat plan

CNBC
CNBC – For more and to sign up click here Drew Angerer | Getty Images News | Getty Images Households earning $1 million or more would see their taxes rise by almost 11%, on average, in 2023 due to reforms proposed by House Democrats, according to Joint Committee on Taxation......

Hispanic families were less likely than white ones to have received stimulus payments or the child tax credit last year

CNBC
CNBC – For more and to sign up click here SDI Productions | E+ | Getty Images About 78% of Hispanic families received stimulus payments over the last year and a half, compared with 96% of white respondents, according to a recent study conducted by Ipsos and a group of......

Dems’ bid to tax $2.2T from rich and big biz will be middle class warfare

NYPost
Rich Lowry Benjamin Franklin was right about death and taxes, but new taxes only become inevitable when a Democrat is elected president, and here we are. The House Ways and Means Committee released an outline of tax proposals to offset President Biden’s jaw-dropping spending plans, and it’s the expected assortment......

Democrats float a tax on investments to help pay for $3.5 trillion budget plan

CNBC
CNBC – For more and to sign up click here U.S. Senate Finance Committee Chairman Ron Wyden, D-Ore., questions IRS Commissioner Charles P. Rettig at a June 8, 2021 Senate Finance Committee hearing. Tom Williams | Pool | Reuters Congressional Democrats are floating a slew of taxes to help cover......

UK PM Johnson raises taxes to tackle health and social care crisis

Reuters
PM Johnson sets out health, social care plan Johnson set to raise taxation – media Johnson’s lawmakers unhappy with tax hike Opposition parties will gain, former Conservative leader says LONDON, Sept 7 (Reuters) – British Prime Minister Boris Johnson set out plans on Tuesday to raise taxes on workers, employers......

UK’s Boris Johnson to hike taxes to tackle Covid and social care crises

CNBC
CNBC – For more and to sign up click here Britain’s Prime Minister Boris Johnson walks outside Downing Street in London, Britain, August 18, 2021. Hannah McKay | Reuters U.K. Prime Minister Boris Johnson will announce plans to hike taxes on Tuesday to fund health care and reforms to the......

Unemployment benefits ended for millions of Americans. These extended pandemic programs may provide help

CNBC
CNBC – For more and to sign up click here People wait in line in Louisville, Kentucky, as Kentucky Labor Cabinet reopened 13 regional Career Centers for in-person unemployment insurance services on April 15, 2021. Amira Karaoud | Reuters Enhanced federal unemployment insurance put in place during the coronavirus pandemic......

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