He also bemoaned how Democrats had refused to accept his demands during the recent negotiations, but attempted to brush it aside, saying four measures he signed Saturday "will take care of pretty much this entire situation."
He mischaracterized the legal stature of the measures, referring to them as "bills." Congress writes and passes bills, not the White House. The documents Trump signed on Saturday were a combination of memorandums and an executive order.
This may worth something:
Trump, Biden, and Taxes: What to Expect - Barron's
Politicians—both local and national—have long used the tax code to "fix" or change the economy, markets, and investor or consumer behavior. This presidential election year will be no different, as President Donald Trump and former Vice President Joe Biden try to convince voters that each is better equipped to lift the nation out of one of the worst downturns in history.
"You can't underestimate the finesse that's going to be needed to raise revenue, but first to get the economy jump-started," says Kate Barton, global vice chair of tax at Ernst & Young. "It's inevitable the tax code will get used to do this, whoever wins the election."
Losing Money Is a Winning Pandemic Tax Strategy for Some Companies - WSJ
That's because companies can now use losses incurred before and during the pandemic to offset up to five years of past profits. What makes this moment particularly attractive: Congress is letting companies get refunds of taxes they paid at the 35% corporate rate that existed before 2018 rather than at today's 21% rate.
This Unusual Move Gives You A Tax-Advantaged 8% Dividend
Contrary to what many people think, ROC isn't a fund simply handing your cash back to you—and charging a fee for doing so. It's actually a dividend-investor's dream! Let's set up our deep dive into ROC with a snapshot of how easy it can be for CEFs to hand us those rich 8%+ dividends.
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As you can see, a diversified portfolio of US stocks, preferred stocks and real estate would've easily returned 8%+ (10.5% on average) in gains and dividends over the past decade. Add municipal bonds and corporate bonds to the mix, and the return is still 9.4%, well clear of our 8% threshold.
Were you following this:
Trump extends unemployment benefits, defers payroll tax | WTOP
BEDMINSTER, N.J. (AP) — Bypassing Congress, President Donald Trump on Saturday signed executive orders deferring payroll taxes for some Americans and extending unemployment benefits after negotiations on a new coronavirus rescue package collapsed.
Trump accused Democrats of loading up their rescue bill with priorities unrelated to the coronavirus. "We’ve had it," he said at a news conference at his country club in Bedminister, New Jersey.
Property taxes in Texas: Harris County commissioners eyeing property tax rates - ABC13 Houston
A lot of people don't know this, but the IRS owes you interest if they don't send your tax refund by a certain date.
Tax free week 2020: Here's what's exempt and deals, discounts | wusa9.com
Also known as "sales tax holidays", the tax-free weekends and weeks are annual events that allow customers to make specific purchases without having to pay state -- and occassionally local -- sales taxes.
For Maryland, that tax-free week beguns Sunday, August 9 and will last through August 15. In Virginia, tax-free weekend kicked off August 7-9, letting customers purchase certain items free of Virginia's state and local tax, as well as any other various regional taxes being waived.
The Liberal City's Tax Dilemma - WSJ
Happening on Twitter
This is the clearest example yet of Trump and his puppet Postmaster General's attempts to sabotage the USPS before… https://t.co/IvtbK8Sjhe ewarren (from Massachusetts) Sat Aug 08 16:46:46 +0000 2020
anyway the actual story here is "faced with congressional opposition, Trump attempts to implement his preferred pol… https://t.co/RhFtYT7u8e jbouie (from Charlottesville, VA) Sat Aug 08 21:02:03 +0000 2020
It's happening again. Russia is trying to interfere in our election. We can't stand by silently as one of our top… https://t.co/XPyizPTTY7 CoryBooker (from Newark, NJ) Sat Aug 08 17:32:35 +0000 2020
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