Politics & Presidents

Democrats to raise taxes on high earners. Senate Democrats have reached an agreement to increase the tax rates on high income wage earners. They believe these individuals have been misusing or in some cases abusing a loophole in the tax law to... Read More

Biden solar energy and climate change. With energy priorities due to the Russian invasion of Ukraine, the Biden Administration seems caught between its climate goals and promises to the Progressive Wing of the Democratic Party, and the shifting... Read More

Solar panels Biden and tariffs. It seems the Biden Administration is in a tough spot when making the call between pursuing Climate Change and the bad behavior of the Chinese with human rights abuses and intellectual property theft. Right now th... Read More

Biden touts deficit reduction by him. President Biden has stated that the government coffers have improved significantly since he took office, compared to former President Trump. Besides the quarterly reduction in the national debt, the Treasur... Read More

Congress to hear from IRS Commissioner. IRS Commissioner Charles Rettig will report on the current tax filing season to the House Ways and Means Committee's Oversight Subcommittee next week, the committee's chair, Bill Pascrell Jr, D-N.J. said.... Read More

AICPA testifies to congress on IRS service. "There's still time to salvage this year's tax filing season, or at least some of it if that makes a difference, if the IRS adopts recommended taxpayer Tax help measures", said Jan Lewis, CPA, the cha... Read More

Book and tax income and Congress. Congress has made a few accounting errors that in fact could change how certain accounting is done. This is usually the case when they are trying to pass bills that cost an awful lot, and use gimmicks to sell t... Read More

Biden wants IRS to drive his recovery. As the President moves his Covid recovery through the IRS, the nation's tax collector will take on an expanded role as comptroller of the social safety net, delivering billions of dollars in stimulus payme... Read More

A better tax plan for Congress. After rejecting corporate income tax rate increases to help pay for President Biden's Build Back Better plan, House Democrats passed a 15 percent aleternative minimum tax on the income very large corporations rep... Read More

Senator key to Biden's agenda. The success or failure of President BIden's legislative agenda may very well depend upon one U.S. Senator. No its not Joe Manchin, its Mitt Romney of Utah. The Utah Senator introduced a bill last February that wou... Read More