Tag Archives: public finance

[ad_1] Editor’s Note: Edward J. McCaffery is Robert C. Packard Trustee Chair in Law and a professor of law, economics and political science at the University of Southern California. He is the author of “Fair Not Flat: How to Make the Tax System Better and Simpler” and founder of the …

[ad_1] CNN  —  The House Ways and Means Committee has released copies six-years worth of former President Donald Trump’s tax returns, a week after releasing an extensive report that said the Internal Revenue Service failed to properly audit Trump while he was in office. The public release of Trump’s tax …

[ad_1] CNN  —  President Joe Biden on Thursday signed a $1.7 trillion federal spending bill that includes a number of administration priorities and officially avoids a government shutdown, ending what he called a “year of historic progress.” “It’ll invest in medical research, safety, veteran health care, disaster recovery, (Violence Against …

[ad_1] CNN  —  As the new year begins, a number of popular electric vehicles, specifically some Tesla and General Motors models, could be eligible for $7,500 worth of tax credits they weren’t eligible for in 2022. But that eligibility may last only last a few months. That’s because limitations on …

[ad_1] New York CNN  —  Anyone getting paid for their goods and services through apps like Venmo, PayPal or CashApp, or platforms like Etsy and Airbnb, just got a reprieve from the IRS. Following concerns expressed by the tax community, the electronic transactions industry and some lawmakers, the IRS said …

[ad_1] Minneapolis CNN  —  When the coronavirus pandemic ground the transportation industry to a screeching halt in early 2020, the US government doled out more than $54 billion in aid to help pay employees and keep the systems from buckling. Southwest Airlines received more than $7 billion from that program. …

[ad_1] CNN  —  As Wall Street and Main Street fret about a potential recession, White House officials are projecting confidence about the economy’s ability to weather the storm in 2023. “We’re feeling cautiously optimistic because we are starting to see some real concrete measurable signs of progress,” Aviva Aron-Dine, deputy …

[ad_1] CNN  —  Senior lawmakers in both parties early Tuesday unveiled their long-awaited $1.7 trillion government funding package, a move that leaves Congress with little time to review a massive bill before they are forced to cast a vote to approve it or risk a government shutdown. The expectation on …

[ad_1] London CNN Business  —  The first images of banknotes featuring Britain’s King Charles III were unveiled on Tuesday by the Bank of England. Charles’ portrait will appear on English notes of £5, £10, £20 and £50. Meanwhile, the rest of the design will remain the same as the current …

[ad_1] CNN  —  The House and Senate are expected to pass a short-term extension to avert a shutdown, which would give negotiators more time to try to secure a broader full-year funding deal. Senate Majority Leader Chuck Schumer said on Monday that senators should be prepared to take “quick action” …