I just watched President Trump explain to world business and political leaders in Davos how he was able to turn around the U.S. economy and increase employment by the millions, increase wages, increase manufacturing, energy production and fire up the economy.
It was not complicated: cut taxes and cut government regulations – in short let workers and businesses keep more of what they earn.
This may worth something:
Republicans passed tax cuts — then profited – Center for Public
The 2017 Tax Cuts and Jobs Act is a case study of how lawmakers can make themselves richer with the bills they pass.
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When the price of Apple stock hit a then-record high in October 2018, among the shareholders counting their gains were 43 Republicans in Congress, who collectively owned as much as $1.5 million worth of the tech giant's shares. Apple's stock jumped 37 percent in its run-up to that record. Several variables were behind the climb, including higher-than-expected earnings .
INSIGHT: 2020 Will Be the Year of the Global Tax Professional—And Rightfully So
The digitized economy requires today's tax professionals to adapt to the changing ways their clients and employers do business. Scott McFarlane of Avalara looks at the increasing importance of the tax department and how to keep up with the changes brought by globalization and digitization.
Today's tax functions are in the midst of an era of unprecedented change. The Internet is rapidly increasing the pace of globalization, enabling businesses of all sizes to buy and sell across the world, prompting international taxing authorities to implement new regulations that increase the digital tax obligations on businesses.
BALDY VIEW CHAPTER (BIA): Tax season offers opportunities, challenges for homeowners -
Today, older homeowners remember long lines of cars snaking around the local post offices every April 15, as a relic of a pre-digital world. While a multitude of tax programs and services have considerably diminished this tax day headache, these offer a new palette of tax season opportunities and challenges for homeowners.
One of the key reasons why homeownership is a prudent financial undertaking is the number of tax benefits available only to homeowners. Tax laws, however, are fluid and change from one tax season to the next, especially since the passage of the Tax Cuts and Jobs Act for tax years 2018 through 2025, which lowered some tax rates and raised some of the income thresholds for those rates.
Not to change the topic here:
Fight over marijuana tax revenue ramps up again for budget season | CSNY
State Sen. Liz Krueger and Assembly Majority Leader Crystal Peoples-Stokes greatly revised their legislation over the course of last session to bring it closer to the framework Cuomo had proposed – even adding an option for counties to prohibit marijuana sales – in the hopes of getting it across the finish line. The legislative bill never came to a vote, thanks to a handful of suburban lawmakers.
Now, Krueger, Peoples-Stokes and Cuomo want to try again, but the question of what to do with the tax revenue from recreational pot – which was a flashpoint last year – hasn't been resolved.
Subscribe to read | Financial Times
COLUMN: A year for smaller government and smarter solutions | Guest Columnists | wcfcourier.com
Creating a pro-growth tax code is fundamental for not only allowing all Iowans to keep more of their hard-earned dollars, but also making our state more competitive. Gov. Kim Reynolds and the Republican Legislature have been working on creating a more pro-growth tax code for Iowa. In 2018 the Legislature passed the first major comprehensive tax reform law in a decade. This was in response to Iowa's high tax rates.
Reynolds, in her Condition of the State address, called for further tax relief for all Iowans. Reynolds is proposing the Invest in Iowa Act, a vast plan which in part calls for a 10 percent individual income tax cut in 2021 and to lower the top rate to 5.5 percent in 2023. The governor has also proposed increasing the sales tax by one cent, which is estimated to generate $540 million in new revenue.
New Laws And Taxes In 2020: Recreational Marijuana, Minimum Wage Increase, And More For Illinois
CHICAGO (CBS) — Recreational use of marijuana will be legal for anyone 21 or older in Illinois; the minimum wage will go up across the state; taxes will go up on parking, restaurants, vehicle trade-ins, and more; and drivers will face stiffer penalties for passing stopped school buses or for failing to move over for emergency vehicles.
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Starting Jan. 1, anyone over the age of 21 can buy and use recreational marijuana. That doesn’t mean they can carry it or light up anywhere they want, though.
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