Tag: Taxes
California Gov. Gavin Newsom doubles down on his criticism of the proposed billionaire wealth tax | Fortune
As the push for a new billionaire tax takes center stage in the Golden State, Governor Gavin Newsom is not relenting in his criticism...
Under Biden, America got 150 countries to agree a 15% global corporate tax. Under Trump, America gets an exemption | Fortune
The OECD announced Monday that nearly 150 countries have agreed on the plan, initially crafted in 2021, to stop large global companies from shifting...
Peter Thiel and Larry Page are preparing to flee California in case the state passes a billionaire wealth tax, report says | Fortune
Tech billionaires are making plans to bail on California ahead a possible ballot measure that would tax their assets to help pay for healthcare.
Sources...
A slate of new Texas laws go into effect in December and January. Here’s what to watch | Houston Public Media
Dozens of new Texas laws will take effect in December and January, bringing wide-ranging changes to the state's education system, law enforcement, taxes and...
A tax company in Kansas City gave thousands of workers the afternoon off to celebrate Taylor Swift and Travis Kelce’s engagement
Taylor Swift and Travis Kelce’s engagement didn’t just break the internet—it paused the workday for thousands at H&R Block’s Kansas City headquarters.
“Your English teacher...
Forget 40 hours: The Dutch get their work done in just 32 hours a week—and women made it possible
Ever since the pandemic, American workers have clung to their remote schedules for as long as possible as CEOs drag their staffers back into...
Trump’s tax cut could mean a nearly half-trillion-dollar cut to Medicare starting in 2027, CBO warns
The federal budget deficits caused by President Donald Trump’s tax and spending law could trigger automatic cuts to Medicare if Congress does not act, the nonpartisan Congressional...
Trump’s Social Security tax cuts could hit future generations hard and propel the program’s insolvency by 2032, research warns
Despite presidential proclamations, Social Security’s financial outlook is more troubled than ever.
A new report from the Committee for a Responsible Federal Budget (CRFB)...
CBO: The poor get a $1,200 income cut and the rich get a $13,600 boost from Trump’s tax law
The CBO estimates that the 10% of poorest Americans will lose roughly $1,200 a year as they experience restrictions on government programs like Medicaid...
When the next recession hits, whoever is president will face intense pressure to cut tariffs, so don’t rely on them for revenue, top economist says
The federal government is on pace to reap a significant amount of revenue from President Donald Trump’s tariffs, but they may not be a...
