(The Center Square) – In the stack of more than 80 bills the Missouri House of Representatives voted to send to the Senate is an effort to phase out the corporate income tax and end tax credits. If the Senate passes House Bill 2274 as it currently is written, the corporate tax rate would decrease from 4% to 3% on Jan. 1, 2025, drop to 2% in 2026, 1% in 2027, and no corporate tax would be imposed in 2028 and thereafter. The bill was first read in the Senate in late March and no...
By the end of Monday, tens of millions of American families will have claimed their child tax credit on their 2023 tax returns. But for many families, that credit will be hundreds, or even thousands, of dollars smaller than it could have been. And all the blame for those smaller credits belong to Senate Republicans. In 2021, the American Rescue Plan temporarily increased the tax credit from $2,000, where it was set under the 2017 tax cuts, to $3,000 (or $3,600 for children under 6). It also made...
Dogecoin is once again in the spotlight with speculation that DOGE payments are coming to X (formerly Twitter) as the platform looks to charge users a fee to post and interact on the platform. This was made public by owner Elon Musk, who said that the move was made in an effort to make sure […]
In an interview on “The Black Lawyers Podcast,” freshman Rep. Jasmine Crockett (D-TX) floated the idea of exempting black Americans from paying taxes as a form of reparations. “I don’t remember which celebrity, but it was actually a celebrity,” she said, recalling the proposal. “And I was like, ‘I don’t know if that’s not necessarily […]
Tax Day in the U.S. is April 15. Here's how much Mark Cuban pays in taxes, plus IRS-approved resources on where to file a tax extension for free online.
The bulk of the Senate GOP conference has joined a letter to Senate Majority Leader Chuck Schumer that calls for the chamber to hold a trial regarding the articles of impeachment the House lodged against Homeland Security Sec. Alejandro Mayorkas back in February.According to reports, a spokesperson for House Speaker Mike Johnson has indicated that "the House will transmit the articles of impeachment to the Senate next week." — (@) Forty-three GOP senators signed...
A Democrat serving her second term in the U.S. House of Representatives recently stated that temporarily exempting black people from paying taxes is not "necessarily a bad idea." However, while parsing through the idea, she determined that such an exemption from taxes still likely won't redress the centuries-old horrors of slavery or current wealth disparities between black people and other racial groups since many black people "aren’t really paying taxes in the first place."On a recent episode...
Nella Domenici's campaign raised $1.25 million in the first quarter of the year. She is the daughter of late Republican New Mexico Senator Pete Domenici. Domenici is looking to unseat Democratic Senator Martin Heinrich. Cook Political Report rates the New Mexico Senate race as 'solid Democrat'
Venezuela's socialist dictator Nicolás Maduro attempted to issue a message in English to U.S. President Joe Biden on Monday to discuss the upcoming expiration of Biden's generous oil and gas sanctions relief package to his regime.
HARLINGEN, Texas (ValleyCentral) — Today is the deadline to pay your taxes. Your returns need to be filed by midnight tonight. If you think your time is running out. You can file for an extension, but it has to be done by the end of the day. However, the extension is only for paperwork. Taxes []
I would recommend she stay away from thunderstorms