Tax Policy In The Trump Administration

• Bloomberg, House GOP Advances Plan to Change Some Provisions in Tax Bill
• Bloomberg, Republican Senators Consider $30,000 SALT Cap in Trump Tax Bill
• Bloomberg, Senate Republicans Plan to Release Major Revisions to Trump’s Tax Bill
• Bloomberg, Supreme Court Backs Tax Court Move to End Woman’s Levy Suit
• Bloomberg, Treasury Proposals Take Aim at Hundreds of Colleges’ Tax Status
• Bloomberg, Trump Tax Bill Would Help the Richest, Hurt the Poorest, CBO Says
• Bloomberg, Why Trump Is Pushing for a Global ‘Revenge’ Tax
• Cato Institute, The New Retaliation Tax, Section 899
• Veronique de Rugy (George Mason), Extending the Trump Tax Cuts Is a Good Idea. But It Won't Deliver 'Big, Beautiful' Economic Growth.

Continue reading

Tax Policy In The Trump Administration

• Americans for Tax Fairness, Tax Cuts and Jobs Act Pushed Billionaires’ Wealth Above $7 Trillion
• Bloomberg, IRS Early Resignation Offer Accepted by Almost 18,000 Employees
• Bloomberg, Justices Back Catholic Groups’ Religious Tax Exemption Claim
• Bloomberg, Trump Bill Unlikely to Repeal Estate Tax, Senate Leader Says
• Bloomberg, Trump Said to Be Open to Lowering SALT Cap in GOP Tax Bill
• Bloomberg, US Demands Global Minimum Tax Concessions in EU Parliament
• Bloomberg, US OECD Funding on Chopping Block in Trump Rescissions Plan
• Center on Budget and Policy Priorities, House Republican Tax Bill Extends — and Expands — Costly Tax Breaks for the Wealthy

Continue reading

Tax Policy In The Trump Administration

• Bloomberg, Obscure Tax Item in Trump’s Big Bill Alarms Wall Street
• Bloomberg, Retaliatory Tax Plan Seen as Hurting Foreign Investment in US
• Bloomberg, ‘Revenge Tax’: House Bill Hits Allies That Have Tax Rules Trump Doesn’t Like
• Bloomberg, Trump Seeks to Slash IRS Funding, Cut Enforcement, Tech Upgrades
• Bloomberg, Trump’s Tax Bill Has Nasty Surprise in SALT Fine Print for Some Rich Americans
• Neil Buchanan (Toronto), Conservative Confusion on Taxing Universities and Encouraging Charities
• Cato Institute, DOGE’s IRS Cuts in Perspective
• Financial Times, Foreign Tax Provision in Trump Budget Bill Spooks Wall Street
• Just Taxes, House Bill’s $164 Billion Giveaway to Multinational Corporations Puts America Last
• The Nation, Why Jeff Bezos Loves Trump’s Big, Ugly Bill
• New York Times, House Bill Takes Aim at Tax Break for Sports Owners

Continue reading

Tax Policy In The Trump Administration

• Reuven Avi-Yonah (Michigan) & Thomas Brosy (Tax Policy Center),  Congress Plans to Punish “Discriminatory” Taxes: Can It Work?
• BC Law, Professor Ray Madoff Takes on the U.S. Tax Code and its Role as a Driver of Economic Inequality
• Bloomberg, Bessent Says Trump Moving Forward on Harvard Tax Review 
• Bloomberg, A Dysfunctional IRS Is Bad for Red and Blue State Taxpayers Alike
• Bloomberg, GOP Tax Carveout Takes Big Swing at Sports
• Bloomberg, GOP’s Tax on Foundations Takes Aim at Billionaire Philanthropy
• Bloomberg, A Guide to Trump’s Tax Cuts: What’s in His ‘Big, Beautiful’ Bill
• Bloomberg, Republicans Have a SALT Tax Deal. Who Will Benefit?

Continue reading

Tax Policy In The Trump Administration

• Hank Adler (Chapman) & Christopher Cox (UC-Irvine), Burned Lots in L.A. Will Sit Empty For Decades Unless Congress Tweaks the Tax Code
• Bloomberg, Carried Interest Tax Break Won’t Die
• Bloomberg, GOP Eyes Endowment Tax Hike in Escalation of Ivy League Feud
• Bloomberg, GOP Tax Bill Is Exactly Wrong For This Economic Moment
• Bloomberg, GOP Tax Package Grapples With Impact of Loper Bright Ruling
• Bloomberg, GOP To Phase Out Biden Energy Credits To Pay For Tax Cuts
• Bloomberg, Here Are the Winners and Losers in the Republican Tax Bill
• Bloomberg, House Tax Bill Draft Calls for $30,000 SALT Deduction Limit
• Bloomberg, Harvard, MIT, Yale Face Endowment Tax Hike While Notre Dame Scores Break

Continue reading

Tax Policy In The Trump Administration

• Bloomberg, Estate Tax Repeal Has Unlikely Foe: Wealth Advisers of the Rich
• Bloomberg, Glitch in Global Minimum Tax Rules Leaves Companies Guessing
• Bloomberg, IRS Lost 31% of Tax Auditors in DOGE Downsizing, Report Says
• Bloomberg, Republicans to Pay for Trump Tax Cuts With Sales of Public Land
• Bloomberg, Tax Evasion or Student Debt? The US Chose the Wrong Crackdown
• Bloomberg, Trump Cautions GOP on Tax Hike for Rich, But He’s ‘OK’ With It
• Bloomberg, Trump Seeks Tax Hike on Wealthy Who Earn $2.5 Million or More
• Bloomberg, UBS Will Pay $511 Million to End Credit Suisse US Tax Probe
• Bloomberg, Why I Ignore What the President Says About Taxing the Wealthy

Continue reading

Tax Policy In The Trump Administration

• Bloomberg, IRS’ Core Mission in Doubt as Trump Policies Push Leaders Out
• Bloomberg, NFL, MLB Lobby to Safeguard Billionaire Team Owner Tax Breaks
• Bloomberg, SALT Talks Stall as GOP Mulls Limiting Tax Break to Middle Class
• Bloomberg, Trump Says Harvard Will Lose Its Tax-Exempt Status
• Chronicle of Higher Education, What Revoking Tax-Exempt Status Would Mean for Harvard — and the Rest of Higher Ed
• The Economist, Donald Trump Is Creating Chaos at the IRS
• Inequality.org, New Messaging Shows Promising Results in Persuading Americans to Support Taxing the Rich
• Law360, Pope Francis Leaves Behind Tax Justice Legacy
• New York Times, How a U.S. Tax Loophole Supercharged China’s Exports
• Penn Wharton, Tax Collections Remain Strong in 2025 Despite IRS Concerns
• Politico, Democrats Push for IG Probe as Trump Targets Harvard’s Tax Status

Continue reading

Tax Policy In The Trump Administration

• Bloomberg, Deregulatory Actions Hit the Tax World in Real Time
• Bloomberg, Harvard’s Stantcheva Wins Young Economist Award for Work on Tax Policy
• Bloomberg, Supreme Court Case Poised to Refine Due Process in Tax Disputes
• Bloomberg, Trump’s Millionaire Tax Would Hit CEOs, Wall Street Bankers While Billionaires Slide
• Bloomberg, Trump Says He Loves Millionaire Tax, Worries of Political Risk
• Chronicle of Philanthropy, ‘Five Alarm Fire': How New Tax Law Could Decimate Nonprofits — and What Can Be Done
• CNN, IRS Faces Massive Cuts as Audit Rates Plunge: Texas Tech Law Professor Bryan Camp Addresses How Audit Rates and Tax Revenues Will Drop If Trump Administration Makes Largest Workforce Reduction in History at the IRS

Continue reading

Tax Policy In The Trump Administration

• Bloomberg, Bessent Says ‘Everything’s On the Table’ for Taxes on Wealthiest
• Bloomberg, Harvard Sees ‘Grave Consequences’ as Trump Pushes IRS Action
• Bloomberg, Harvard’s $465 Million in Tax Benefits Draw New Scrutiny
• Bloomberg, IRS Purges Old Guidance After White House Deregulation Push
• Bloomberg, Millionaire Tax-Hike Talks Gain Steam as Trump Signals Openness
• Bloomberg, New York City’s Rich Increasingly Using Trusts to Buy Homes for Their Kids
• Bloomberg, States See Low Demand for IRS’s Direct File With Future Unclear
• Bloomberg, Trump Names Whistleblower Gary Shapley as Acting IRS Head
• Bloomberg, Trump Questions Columbia, Princeton’s Tax-Exempt Status
• CNBC, Tax Attorneys Say IRS Has Become a ‘Zombie’ as Agency Cuts Staff and Halts Audits of the Wealthy

Continue reading

Tax Policy In The Trump Administration

• Bloomberg, 'America Last' Corporate Tax Policies Can End With This Congress
• Bloomberg, Big 4 Accounting Firms Ramp Up AI for Tax Prep in Bet on the Future
• Bloomberg, House Passes Plan to Advance Trump Tax Cuts, Debt Limit Boost
• Bloomberg, Millionaire Tax Hike Divides Republicans in Trump Cut Debate
• Bloomberg, States Weigh NIL Tax Breaks to Attract Top College Athletes
• Bloomberg, Trump Has Legitimate Grievance With Digital Levies, Tax Pros Say
• Center on Budget and Policy Priorities, The 2017 Tax Law Did Not Boost the Economy
• Center for Economic and Policy Research, Donald Trump’s Big Wealth Tax

Continue reading

Chodorow: Trump, Musk, Senate Republicans, And Your Taxes

Slate:  Why Withholding Your Taxes in Protest Could Actually Help Trump and Musk, by Adam Chodorow (Arizona State; Google Scholar):

It’s tax season, and if you’re upset about how things are going in government right now, you might be tempted to protest by withholding your taxes. After all, conservatives had their Tea Party moment. Why shouldn’t those opposed to the efforts of President Donald Trump and Elon Musk to dismantle the government, alienate our allies, and degrade America’s standing in the world have their own? ...

The question is: When are protests warranted? We have a democratic government, where the majority gets to set policy and decide what to spend money on and how much. When does disagreement with government policy rise to the level that it justifies a refusal to pay taxes? We could all identify something that might inspire us to protest, whether from the left or the right: war, abortion, guns, the death penalty, NPR. The list goes on. The problem is: We are either committed to our democratic process or we are not. It would be ironic for those outraged about the attack on the rule of law to protest by … ignoring the law. ...

Civil protest can be a powerful tool, bringing attention to injustice and bad government policy. But no matter how just the cause, it does not permit folks to break the law with impunity. Failure to file and pay taxes can lead to two different penalties and interest charges that can outstrip the amount owed if enough time passes. It can even lead to criminal charges and prison. Just ask Hunter Biden. ...

No one enjoys paying taxes under the best of circumstances. And refusing to pay to advance one’s cause can make it all seem noble. But it is not that simple. Nothing ever is. So, feel free to fantasize about standing up to the man and refusing to pay your taxes. You can even imagine yourself wearing a tricorne hat. However, to paraphrase Michelle Obama, if you’re worried or upset about what’s going on today, do something … else.

Slate:  Republicans Are Trying to Use Accounting Magic to Conceal the Cost of Tax Cuts, by Adam Chodorow (Arizona State; Google Scholar):

Continue reading

Tax Policy In The Trump Administration

• Bloomberg, DOJ Is Urged Not to Dissolve Its Tax Division in Restructuring
• Bloomberg, LA Area Cities Pass Seattle With Highest Sales Taxes in US (11.75%)
• Bloomberg, LA Mansion Tax Crimps Multifamily Housing, Taxes, Study Says
• Bloomberg, Republicans Debate Hiking Tax Rate to 40% for Millionaires
• Bloomberg, Republicans Eye $25,000 SALT Cap as Trump’s Tax Cuts Take Shape
• Bloomberg, Senate Majority Leader Pushes Estate Tax Repeal in GOP Bill Talks
• Brookings Institution, Tax Inheritances, Not Estates
• Cato Institute, Senate GOP Deploys Dishonest Budget Gimmick to Dodge Accountability for Rescuing Biden’s Spending Surge

Continue reading

Tax Policy In The Trump Administration

• Axios, The Unkillable Carried Interest Tax Loophole
• Bloomberg, Supreme Court Hands IRS Win Over Bankruptcy Trustee Clawback
• Bloomberg, Trump’s Tax Bill Takes Center Stage as GOP Debates Scope of Cuts
• Cato Institute, Repealing Only Two Biden-Era Tax Credits Could Cement Permanent Pro-Growth Tax Cuts
• Daily Report, Modernizing the IRS: Efficiency, Chaos—or a Mixture of Both?
• Inequality.org, Raising Capital Gains Taxes Would Reduce Inequality Without Economic Cost
• Inequality.org, ‘Wherewithal to Pay’: Deconstructing the Canard That Perpetuates Our Worst Tax Loophole
• Just Taxes, Two Ways a 2025 Federal Tax Bill Could Worsen Income and Racial Inequality

Continue reading

Tax Policy In The Trump Administration

• Bloomberg, Fired IRS Employees Reinstated After Maryland Judge's Order
• Bloomberg, IRS Planned Worker Cuts Would Hit Taxpayer Advocate, Direct File Staff
• Brookings Institution, 199A’s Sunset: A Golden Opportunity to Rethink Business Taxation
• Cato Institute, Tax Expenditure Madness Bracket: Pick the Worst Tax Loophole
• Kimberly Clausing (UCLA), What’s the Deal With Tariffs?
• Dēmos, Taxing Income versus Wealth: U.S. Tax Code Widens the Racial Wealth Divide
• Institute on Taxation and Economic Policy, Shelter Skelter: How the Educational Choice for Children Act Would Use Tax Avoidance to Fuel School Privatization
• New York Times, The Budget Trick the G.O.P. Might Use to Make a $4 Trillion Tax Cut Look Free

Continue reading

Tax Policy In The Trump Administration

• Americans for Tax Fairness, How Undocumented Immigrants Contribute to Our Economy & Pay Higher Tax Rates Than Many Major Corporations
• The Athletic, Giving College Athletes Tax Breaks on NIL Earnings Isn’t Choosing to Win at all Costs
• Bloomberg, All IRS Employees Will Keep Working If Government Shuts Down
• Bloomberg, Discarded IRS Workers Enter a Market Hungry for More Accountants
• Bloomberg, EY's Rebecca Burch Picked as Treasury's Top Delegate to OECD
• Bloomberg, Global Tax Upheaval Stalls Adoption of New Transfer Pricing Plan
• Bloomberg, How Trump’s ‘No Tax on Tips’ Could Backfire for the Working Class

Continue reading

Tax Policy In The Trump Administration

• Bloomberg, IRS to Lose Up to 5,000 Employees to Deferred Resignation Offer
• Bloomberg, IRS Staff Reductions Threaten to Jam Up Tax Dispute Resolution
• Bloomberg, Slashing IRS Staff Leaves Opening for Tax Cheats, Slow Returns
• Bloomberg, Top IRS Officials Working to Revamp Agency Under Biden Make Exit
• Bloomberg, Trump Bends Congress to His Will on Spending, Tax Cut Agenda
• Bloomberg, Wealthy Tax Cheats Set to Benefit From Trump Plans to Halve IRS
• Cato Institute, IRS Layoffs: A Libertarian Perspective 
• Center for Economic and Policy Research, Donald the Taxman Strikes at Midnight

Continue reading

Tax Policy In The Trump Administration

• Ted Afield (Georgia State), Unlocking Tax Justice: How the Taxpayer Assistance and Service Act Addresses the Critical Need for Increased Low-Income Taxpayer Clinic Funding
• The Atlantic, Tax Season Just Got More Confusing
• Bloomberg, DOJ Seeks Rapid Tax Lawyer Transfers to Defend Trump Agenda in Court
• Bloomberg, IRS Acting Chief O'Donnell, a Longtime Official, to Retire
• Bloomberg, Trump Eyes Tariffs to Counter Digital Taxes Big Tech Loathes
• Bloomberg, Trump’s SALT Tax Promise Hinges on an Obscure Loophole
• Economic Policy Institute, There Will Be Pain: Continuing Low Tax Rates for the Rich and Corporations Will Hurt Working Families

Continue reading

Tax Policy In The Trump Administration

• Ted Afield (Georgia State), Raising the Tax Preparer Bar: How the Taxpayer Assistance and Service Act Could Transform Tax Preparer Oversight and Compliance
• Ted Afield (Georgia State), The Taxpayer Assistance and Service Act’s Efforts to Improve the Taxpayer Experience and to Modernize IRS Operations
• Barron's, How the Tax Debate Is Taking Shape as Budget Deadline Looms
• Lily Batchelder (NYU), DOGE Access to IRS Data Is Deeply Concerning
• Bloomberg, Corporate SALT Break Tweaks Force GOP to Pick Winners and Losers
• Bloomberg, IRS Memo Sets Stage for Musk Adviser to Access Taxpayer Data
• Bloomberg, IRS to Cut 6,700 New Employees Agency-Wide This Week

Continue reading

Tax Policy In The Trump Administration

• Ted Afield (Georgia State), Let's Talk Some Tax(payer Assistance and Service Act)!
• Bloomberg, Congress Must Allow the IRS to Set Standards for Tax Preparers
• Bloomberg, Cutting Arena Subsidies Can Help Cover Tax Cuts, Think Tank Says
• Bloomberg, DOGE Aide Visits IRS to Look for Ways to Automate Operations
• Bloomberg, IRS Agents Tapped to Assist With Trump Immigration Crackdown
• Bloomberg, Musk Aide Visits IRS, Queries on Automation, Compliance Efforts
• Bloomberg, Trump DOJ Forces Out Top Tax Enforcer in Civil Service Purge
• Cato Institute, Reminder to Republicans: Lots of Low-Hanging Tax Code Spending to Cut

Continue reading

Tax Policy In The Trump Administration

• American Enterprise Institute, A Mandatory High Tax Exclusion for GILTI
• Jeremy Bearer-Friend (George Washington), How to Raise Billions for Racial Equity in California
• Bloomberg, The Blue State-Red State Tax Divide Isn’t Really That Fair
• Bloomberg, NFL Targeted by Trump With Tax Threat on Wealthy Team Owners
• Bloomberg, Republican Senators Break With House Over Trump Tax Cuts Strategy
• Bloomberg, Tax Filing Season Reshaped by Trump Upheaval: What to Know
• Bloomberg, Tax Rules to Undergo White House Review After Trump Revives Order
• Bloomberg, Trump Takes Aim at Private Equity’s Favorite Tax Perk Again

Continue reading

Tax Policy In The Trump Administration

• Joe Bankman (Stanford) & Jeremy Bearer-Friend (George Washington), The IRS’s Free Online Filing System Is Now Available to Half the Country (NPR)
• Bloomberg, Elite Universities' Lobbying Spikes as GOP Eyes Tax Hikes
• Bloomberg, Family Offices May See SEC and Tax Treatment Changes Under Trump
• Bloomberg, From Telework to Firing: How Trump Orders Could Hit IRS Workers
• Bloomberg, Funding Halt Upends IRS Low-Income Services at Tax Season Start
• Bloomberg, High-Net-Worth Clients Should Consider Gift Trusts By Year-End
• Cato Institute, Cato Tax Bootcamp: The Quest for Radical Tax Reforms 
• Adam Chodorow (Arizona State), The Disastrous Prospect of Trump’s Wild IRS Nominee (Slate)

Continue reading

Tax Policy In The Trump Administration

• Bloomberg, 100 Days at the IRS: Rules Pause, Workforce and Leader Shakeup
• Bloomberg, House GOP Bill Threatens Retaliation Against Global Taxes
• Bloomberg, OECD Global Tax Deal Has No Force In US, Trump Says
• Bloomberg, OECD Will Keep Working With US Despite Trump's Tax Deal Threat
• Bloomberg, SALT Talks Gain Steam With Trump’s Blessing on Tax Break

Continue reading

Trump Nominates Ken Kies To Be Assistant Treasury Secretary For Tax Policy

Bloomberg, Trump Picks Ken Kies for Key Tax Policy Job at Treasury Ahead of Cuts Push:

President-elect Donald Trump has announced members of his senior leadership team at the Treasury Department, who’ll work alongside Scott Bessent, his pick for secretary.

Ken Kies will be assistant secretary for tax policy, placing him as a point person at the Treasury working on tax cuts Trump has touted as a signature policy issue for 2025. Kies is a longtime Republican tax lobbyist, whose client list has included Microsoft Corp., insurers and financial services groups. [He is Managing Director of The Federal Policy Group.]

Samantha Schwab, granddaughter of billionaire Charles Schwab, will be deputy chief of staff and work under Daniel Katz of the Manhattan Institute, who will be chief of staff. Katz was a senior adviser at the Treasury during Trump’s first term, the president-elect said in a post on his Truth Social platform Thursday night. Schwab worked for the first Trump administration in the office of legislative affairs. Charles Schwab contributed $1 million to Trump’s 2017 inaugural fundraising committee.

Continue reading

Musk & Ramaswamy DOGE Commission Eyes Tax Filing App

Washington Post, Musk’s ‘DOGE’ Commission Eyes New App for Americans to File Taxes:

The leaders of President-elect Donald Trump’s “Department of Government Efficiency” have discussed trying to create a mobile app for Americans to file their taxes free with the Internal Revenue Service, according to two people who spoke on the condition of anonymity to describe private conversations.

Trump last week tapped billionaire Elon Musk and former pharmaceutical executive Vivek Ramaswamy to lead the “DOGE” panel and gave them two principal mandates: cut government spending and reduce federal regulations. The leaders of the group have also discussed overhauling the tax system to let Americans file their taxes through a mobile app, viewing it as an opportunity to improve how millions of taxpayers interact with the federal government, the people said. This idea is not viewed as central to the commission’s work but could still emerge as a goal, although what form its recommendations take still remains unclear. ...

Continue reading

Tax Policy In Project 2025: Presidential Transition Project

Martin Sullivan (Tax Analysts), Your Guide to Tax Policy in Project 2025, 184 Tax Notes Fed. 161 (July 8, 2024):

The title page reads, “Mandate for Leadership, the Conservative Promise — Project 2025, Presidential Transition Project.” What follows is 920 pages of sweeping changes for the “next conservative president” to put into effect or, if not sufficiently empowered, to recommend to Congress. From abortion to veterans affairs, the anthology of 30 chapters, each by a different author, is a prepackaged game plan for the next administration to hit the ground running with a conservative wish list.

Tax reform would take place in two stages. Stage 1 “intermediate” reform would retain the basic structure of the Tax Cuts and Jobs Act but dramatically adjust its moving parts. Stage 2 “fundamental reform” would abolish individual and corporate income taxes and replace them with a consumption tax. The plan calls for the IRS budget to be cut, and as with other executive agencies, more of its top personnel would be appointed by the president.

Led by the Heritage Foundation, more than 50 conservative organizations collaborated on the Project 2025 volume. After President Biden’s poor performance in the June 25 debate and the close ties between former President Trump and the Heritage Foundation, the bulky tome — originally published in April 2023 — can no longer be ignored by those seeking to prepare for the future. The tax policy and tax administration changes are found mostly in Chapter 22, “Department of Treasury.”

Continue reading

Tax Policy In The Trump Administration

• Bloomberg, Generous Tax Perks Blossom in New Relief Loan Funding Round
• Bloomberg, Top U.S. Banks’ Tax Bill Would Rise $11 Billion With Biden Hike
• Bloomberg, Treasury and IRS Release Final Regs on Treatment of Carried Interest
• Forbes, Eight Ways The Biden Tax Plan Could Affect Your Real Estate Business
• The Hill, Is a Global Internet Tax Coming in 2021?

Continue reading

Tax Policy In The Trump Administration

• Bloomberg, Democrats Get Clout Needed for Risky Bid to End Trump’s SALT Cap
• Bloomberg, The Path Ahead for President-Elect Biden’s Tax Policies
• Bloomberg, Push Against Tax-Advantaged Land Deals to Continue Next Congress
• Bloomberg, Rules for ‘Coach Tax’ on Nonprofits Go to White House for Review
• Bloomberg, The Wealth Tax Is Going Global
• Forbes, Coronavirus Pandemic Causing Potential Tax Crisis For Many In 2021

Continue reading

Tax Policy In The Trump Administration

• Ars Technica, Pandemic-Boosted Remote Workforce May Be In For a Shock at Tax Time; You, Your Employer, and the Taxman May Have Very Different Understandings Of "Home"
• Courthouse News Service, Facebook to Close Irish Units at Center of Tax Dispute
• The Economist, New York v the Zoom Tax
• Keith Fogg (Harvard), Year in Review – Tax Administration
• Keith Fogg (Harvard), Year in Review – Tax Legislation

Continue reading

Tax Policy In The Trump Administration

• Bloomberg, Elon Musk, Jeff Bezos Space Race Gets a Boost From Anti-Poverty Tax Break
• Bloomberg, Rich Americans Who Fear Higher Taxes Hurry to Move Money Now
• Bloomberg, States Battle Each Other Over Billions in Work-From-Home Taxes
• Conversable Economist, What Should Be Included in Income Inequality? 
• Jim Maule (Villanova), Tax and Spending Hypocrisy 
• New York Times, Buried in Pandemic Aid Bill: Billions to Soothe the Richest

Continue reading

Tax Policy In The Trump Administration

• American Prospect, Can Corporate Tax Incentives Revive a Pandemic Economy? New Jersey Thinks They Can.
• American Prospect, The Day One Agenda for Corporate Taxes
• Bloomberg, Biden Gets Prodded From Left on Tax Hikes That Now Look Unlikely
• Bloomberg, Rich States Uncover Tax Windfall, Undercutting Push for Aid
• Bloomberg, What Happens When the 1% Go Remote

Continue reading

Tax Policy In The Trump Administration

• Forbes, America’s Three Richest People Are Now Positioned To Pay Zero State Income Tax
• Forbes, Biden Vs. Trump: Tax Plan Calculator
• Forbes, How To Blunt The Impact Of Biden Tax Hikes
• Fortune, The IRS Effectively Canceled the Tax Break That Made PPP Loans So Valuable
• Fox News, Return of a Politicized IRS? Democrats' Push to Expand Tax Agency Raises Concerns

Continue reading

Tax Policy In The Trump Administration

• Bloomberg, Billionaires Urge Tax Reform to Free $1 Trillion for Charity
• Bloomberg, Local Lenders Stay Sidelined as Cash Flows to Opportunity Zones
• Forbes, As More Americans Move To No-Income-Tax States, More Lawmakers Move To Phase Out State Income Taxes
• The Hill, Biden's Treasury Pick Will Have Lengthy To-Do List on Taxes
• The Hill, San Francisco Wealth Tax Will Fuel Next Blue Exodus For Rich Earners
• IMF Blog, How the Rich Get Richer

Continue reading

Tax Policy In The Trump Administration

• Bloomberg, Coca-Cola Must Pay Bulk of $3.4 Billion Tax Bill, Court Says
• Bloomberg, Companies With Forgiven PPP Loans Can’t Get Tax Breaks, IRS Says
• Bloomberg, New IRS Restrictions on PPP Loans
• Bloomberg, SALT Cap Workarounds May Catch On in More States After IRS OK
• Bloomberg, Surging Sports Betting Taxes Replenish Sinking State Coffers

Continue reading

Tax Policy In The Trump Administration

• Sam Brunson (Loyola-Chicago), Project Veritas and Illegality
• Conversable Economist, The Super-rich and How to Tax Them 
• Financial Times, Capital Gains Tax Should Be Fairer and Simpler
• Fortune, Biden’s Corporate Tax Plan Depends on Georgia’s Senate Results
• The Hill, Progressive Tax Reform Should Top Biden's List of Priorities

Continue reading

Tax Policy In The Trump Administration

• Axios, The U.S. Is As Corporate Tax-Friendly As It's Ever Been
• Bloomberg, Biden’s Tax Policy Vision May Be Too Much for Congress
• Business Insider, Here's How President-Elect Joe Biden's Corporate Tax Plan Will Impact Big Businesses
• Forbes, Federal Corporate Tax Policy Likely To Remain Unchanged
• Forbes, What A Difference A Year Makes! Income tax Changes Since December 2019.

Continue reading

Tax Policy In The Trump Administration

• Bloomberg, FedEx Sues for $89 Million in Transition Tax Rules Challenge
• Bloomberg, U.S. Billionaires Got $1 Trillion Richer During Trump’s Term
• Cato Institute, Is Tax‐​Driven Interstate Migration Increasing? 
• Economic Policy Institute, Moral Policy = Good Economics
• Forbes, Biden’s Tax Increase On Death That No One Is Talking About

Continue reading

Tax Policy In The Trump Administration

• Bloomberg, Goldman Says Capital-Gains Tax Hike Would Be ‘Minor’ for Stocks
• Bloomberg, The Trump Tax Cut Wasn’t Just for the Rich
• Cato Institute, Biden’s Radical Capital Gains Tax Increase
• Forbes, If Joe Biden Wins, Get Ready For A Big Battle Over Tax Policy
• The Hill, Biden's Foolish Capital Gains Tax Increase

Continue reading

Tax Policy In The Trump Administration

• Bloomberg, Biden's Capital Gains Tax Plan Fixes Nothing
• Bloomberg, Business Owners Speed Up Planned Sales Over Biden Tax Hike Fears
• Bloomberg, The Offshoring of U.S. Jobs Increased on Trump’s Watch
• Cato Institute, Tax Increase Efforts of the Wealthy 
• CNN, What You Need to Know About Joe Biden's Tax Plan

Continue reading

Tax Policy In The Trump Administration

• Bloomberg, Biden Would Smother the Economy by Raising Taxes
• Bloomberg, Biden’s Tax Plan Would Raise Just $2.4 Trillion
• Bloomberg, Larry Summers and Robert Reich Clash Over a Wealth Tax
• Cato Institute, Income Taxes on the Ballot 
• Cato Institute, King v. Burwell: A Clear Example of Legislating from the Bench 

Continue reading

Tax Policy In The Trump Administration

• American Thinker, New York Times Caught Naked in Bed With Trump's Tax Strategy, and the New York Sun Exposes Them
• The Atlantic, The President’s Case for Tax Reform
• Bloomberg, Don’t Raise Taxes. Collect the Billions Not Being Paid.
• Bloomberg, Rich Americans Are Protecting Their Fortunes From a Possible Biden Win
• Bloomberg, Trump’s Tax Returns Show Why We Need to Fund Tax Enforcement

Continue reading

Tax Policy In The Trump Administration

• Bloomberg, Trump Can Thank Obama for Tax-Refund Play Democrats Now Oppose
• Bloomberg, Trump’s Taxes Give Biden Blueprint to Fix System Rigged for Rich
• Sam Brunson (Loyola-Chicago), #TrumpTaxReturns
• Cato Institute, Trump and Biden Tax Policies
• Forbes, A Wealth Tax Is Not A Solution For Income Inequality

Continue reading

Tax Policy In The Trump Administration

• Bloomberg, Hedge Funds Head for Florida With Taxes on Rich Rising Elsewhere
• Bloomberg, Millionaires Got One-Third of Trump’s Small Business Tax Break
• Center on Budget and Policy Priorities, States Should Tax Wealth to Respond to COVID-19
• Fact Check, Biden’s Claim That Trump’s Tax Bill Gave Companies ‘a Reward For Offshoring Jobs’
• Forbes, Economist Challenges Assumptions Of Wealth Tax Advocates

Continue reading

Tax Policy In The Trump Administration

• Bloomberg, Brookings Says $17,000 Tax Credits Would Aid Firms More Than PPP
• Bloomberg, Major Companies Reject Trump’s Payroll Tax Deferral
• Bloomberg, Millionaires Would Pay Up Under Biden Tax Plans, Study Shows
• Bloomberg, NYC’s Wealthy Should Be Prepared for Higher Taxes
• The Hill, Democrats Back Away From Quick Reversal of Trump Tax Cuts

Continue reading

Tax Policy In The Trump Administration

• American Enterprise Institute, The Tax Burden on Business Investment Under Joe Biden’s Tax Proposals
• Bloomberg, Biden Offshore Tax Plan Unlikely to Renew Rust Belt Factories
• Bloomberg, Major Companies Have Rejected Trump's Payroll Tax Deferral
• Bloomberg, Trump Tax Cut Was Neither Bane Nor Boon
• Forbes, Record Stimulus And Social Unrest Create Perfect Storm For Wealth Tax

Continue reading

Tax Policy In The Trump Administration

• Neil Buchanan (Florida), The Dangerous Silliness of Trump's Suspension of Social Security Taxes
• Center for American Progress, Foreign Investors Were Big Winners From Trump’s Tax Law
• Forbes, What The Apple Decision Means For Global Tax Reform
• The Hill, Author Thom Hartmann Says Average Family Pays $5k 'Monopoly Tax' to Large Companies
• The Hill, Democrats Call For IRS to Review Tax-Exempt Status of NRA

Continue reading

Tax Policy In The Trump Administration

• Accounting Today, Trump vs. Biden on Corporate Tax Policy
• Bloomberg, The Tax Biden Wants to Double and Trump Might Cut
• Boston Herald op-ed (Veronique de Rugy), Wealth Tax Does Much More Harm Than Good
• Common Dreams, As Trump Pushes New Tax Cuts for Wealthy, Analysis Shows US Billionaires $800 Billion Richer Since Pandemic Hit
• Council on Foreign Relations, Could Trade Agreements Help Limit Tax Competition?

Continue reading

Tax Policy In The Trump Administration

• Bloomberg, A Guide to Democrats’ Plans to Tax the Rich More
• Bloomberg, Trump Pledges Tax Credits, Tariffs to Redirect Jobs From China
• CNBC, What’s ahead for your taxes if Biden wins the election
• Forbes, California Legislators Propose 0.4% Wealth Tax, Plus 16.8% Income Tax Rate
• Forbes, Four Things You Should Know About The Death Tax Exemption

Continue reading

Tax Policy In The Trump Administration

• Bloomberg, The Simple Fix For Corporate Income Tax—Tax Stock Returns
• Center on Budget and Policy Priorities, States Grappling With Hit to Tax Collections
• Fox News, Trump Expects US Economy to Grow at 20% Pace, Supports Middle-Income Tax Cut
• The Hill, Biden's Tax Plan Would Undermine the Coronavirus Recovery
• The Hill, Sanders Offers Bill to Tax Billionaires' Wealth Gains During Pandemic

Continue reading

Tax Policy In The Trump Administration

• Accounting Today, Election 2020: Trump vs. Biden on Tax Policy
• Bloomberg, Business Tax Breaks Could Move Fast if Big Ticket Items Resolved
• Bloomberg, Carried Interest Rules Prompt Investment Funds to Rethink Plans
• Bloomberg, Carried Interest Tax Rules Could Bring Legal Fights for Treasury
• Bloomberg, Sanders Tweets He Wants to Tax Titans’ ‘Obscene’ Wealth Gains

Continue reading

Tax Policy In The Trump Administration

• Steve Forbes, Why A Wealth Tax Would Do More Harm Than Good
• The Hill, GOP Plan Would Boost Deduction For Business Meals
• Institute on Taxation and Economic Policy, A Tax Loophole You Could Drive a Food Truck Through: Senate GOP Proposes Full Deductibility of Business Meals
• New York Times, 16 States Go Ahead With ‘Back to School’ Sales Tax Holidays
• TaxVox, Recraft The EITC To Help Parents Caring For Children Who Can’t Return To School Full-Time

Continue reading