Latest in Millions Unpaid Taxes
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Ending Trump’s 2017 Tax Cuts Won’t Effect GDP, Budget Office Finds
Key provisions of the returning president’s 2017 Tax Cuts and Jobs Act will expire next year if Republicans don’t renew them.Inc. - Dec. 5 -
EV tax credit is 'catastrophically stupid,' says incoming Ohio Senator and 'car czar' Bernie Moreno
Ohio Senator-elect Bernie Moreno said the $7,500 EV tax credit should be eliminated and instead let the automakers and consumers decide what cars to buy.CNBC - Dec. 5 -
Millions in Northern U.S. Under Winter Storm Warnings
Forecasters warned of the possibility of wind gusts as strong as a hurricane as another round of heavy lake-effect snow and blustery cold moves through the Northeast.The New York Times - Dec. 5 -
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Number of people caught in 60% ‘tax trap’ up 45% in two years
Rise for taxpayers earning more than £100,000 blamed on frozen thresholds and wage inflationFinancial Times - Dec. 5 -
Trump’s populist 'mandate' could disrupt business tax reform wish list
Congress, and the GOP, has changed since then-President Trump and Republicans crafted the 2017 Tax Cuts and Jobs Act. And while Speaker Mike Johnson (R-La.) and GOP leadership are gunning to get a ...The Hill - Dec. 5 -
Top Republicans collide on strategy for Trump tax agenda
House and Senate Republicans are clashing over how to advance President-elect Trump's tax agenda after incoming Senate Majority Leader John Thune (R-S.D.) offered a plan that would put off tax ...The Hill - Dec. 5 -
How Jensen Huang, CEO of Nvidia, Is Avoiding Billions in Taxes
The chief executive of Nvidia, Jensen Huang, has taken advantage of popular loopholes in the federal estate and gift taxes, which have quietly been eviscerated.The New York Times - Dec. 5 -
Millions will have to wait up to 12 years for NHS weight-loss drug
Fears that giving 3.4 million people immediate access to new weight-loss drug could overwhelm NHS.BBC News - Dec. 5 -
On Trump tax cuts, energy and immigration plans, clash emerges between House, Senate GOP leaders
Jason Smith, Chair of House Ways and Means, tells CNBC that his voting majority will be extremely slim for passing President-elect Trump's tax cut promises.CNBC - Dec. 5 -
House Freedom Caucus comes out against ‘unpaid’ disaster aid
The hardline conservative House Freedom Caucus came out against “unpaid” disaster aid legislation in an official statement on Wednesday, urging “not one more cent to the Biden administration.” In ...The Hill - Dec. 5 -
Ireland urged to set aside more of its corporate tax windfall
Country’s independent fiscal watchdog calls for Norwegian-style approach to saving surplus cashFinancial Times - Dec. 5 -
What happens if Trump ends the electric vehicle tax credit?
President-elect Donald Trump has signaled he wants to end the $7,500 tax credit for electric vehicle buyers. Albert Gore III, executive director of the Zero Emission Transportation Association, ...CBS News - Dec. 4 -
Leaded gas tied to millions of excess cases of psychiatric disorders, study suggests
The U.S. population experienced an estimated 151 million excess mental health disorders attributable to exposure to lead from car exhaust, according to a study.NBC News - Dec. 4 -
My friend declared bankruptcy. Can creditors still go after him for child support, back taxes and student debt?
“Most of those old debts are credit-card debts.”MarketWatch - Dec. 4 -
What Will It Take to Sign Juan Soto? At Least $600 Million.
The 26-year-old M.L.B. superstar is on the verge of a landmark contract.The New York Times - Dec. 4 -
Mexican Authorities Seize 20 Million Doses of Fentanyl in Record Haul
The operation comes after President-elect Donald J. Trump threatened tariffs on Mexico if the country did not crack down on fentanyl.The New York Times - Dec. 4 -
OpenAI's active user count soars to 300 million people per week
After months of C-suite changes, tender offers and a soaring valuation, OpenAI has reached a new milestone: 300 million weekly active users.CNBC - Dec. 4 -
Trump Tax Cuts Won’t Help the Economy Grow, Budget Office Finds
A larger debt and higher interest rates would cancel out the boost from keeping individual taxes lower, the nonpartisan Congressional Budget Office found.The New York Times - Dec. 4 -
You could score a tax break by gifting crypto to charity — but there may be some pitfalls
There's been a surge of crypto donations to charity. Here's what to know before transferring digital currency.CNBC - Dec. 4 -
Judge in Hunter Biden tax case calls president's pardon statement an attempt to 'rewrite history'
The judge who presided over the California tax fraud case against Hunter Biden called out the president for mischaracterizing and minimizing the charges against his son in announcing why he was ...NBC News - Dec. 4 -
9 states poised to end coverage for millions if Trump cuts Medicaid funding
About 3.7 million people are at immediate risk of losing health coverage should the federal government cut funding for Medicaid expansions, as some allies of President-elect Donald Trump have ...CBS News - Dec. 4 -
Police in Trinidad and Tobago seize $6 million worth of drugs from a boat
Police in Trinidad and Tobago said they have confiscated more than $6 million worth of drugs, one of the biggest seizures in the history of the twin-island Caribbean nationABC News - Dec. 4 -
How an Irish YouTuber turned a niche following into millions for charities with holiday livestreams
An Irish YouTuber hopes to raise millions of dollars for charity this holiday season — and is using a popular gaming technology to rally his fans around the causeABC News - Dec. 4 -
Cuba’s national grid collapses again, leaving millions without power
Blackouts reported across country as government grapples with economic crisis, fuel shortages and hurricanes. Cuba’s national electrical system collapsed early on Wednesday morning after the ...The Guardian - Dec. 4 -
Deutsche Bank chief calls for relief on regulation and ‘rethink’ on tax
Call comes amid discontent with Germany’s ruling coalition ahead of snap election in FebruaryFinancial Times - Dec. 4 -
These parts of Trump's tax cut law expire in 2026
The 2017 Tax Cuts and Jobs Act (TCJA) made huge permanent cuts to corporate and business taxes while making temporary cuts to individual taxes to limit the bill’s expansionary effects on the ...The Hill - Dec. 4 -
Will my loved ones have to pay tax on my pension when I die?
I’m worried about the new rules that mean my pension is subject to inheritance taxFinancial Times - Dec. 4 -
Judge in Hunter Biden's tax case accepts pardon despite calling it 'unconstitutional'
Two days after President Biden issued a blanket pardon to his son Hunter Biden, the younger Biden's federal gun case has been terminated by the judge overseeing the case.ABC News - Dec. 3 -
Judge in Hunter Biden tax case rebukes president’s claims of unfair treatment
The federal judge overseeing Hunter Biden’s tax case issued a sharp rebuke of President Biden’s claims his son was unfairly prosecuted in new court filings Tuesday night. U.S. District Judge Mark ...The Hill - Dec. 4 -
Thune lays out plan for separate border and tax reconciliation bills
Incoming Senate Majority Leader John Thune (R-S.D.) laid out an ambitious plan at the Senate Republican retreat Tuesday for Congress to move first next year on a budget reconciliation package that ...The Hill - Dec. 3 -
Hospital group launches ad campaign for disaster relief tax credits
A major hospital trade group launched a six-figure ad campaign this week calling on Congress to extend disaster relief tax credits that the group says will help facilities recover from hurricanes ...The Hill - Dec. 3 -
Mega Millions jackpot hits $541M: What's the tax bill?
Someone could become a millionaire Tuesday night.The Hill - Dec. 3 -
7 tips from a tax influencer as she approaches retirement at 70
Phyllis Jo Kubey is still on a continuing education journey as retirement loomsMarketWatch - Dec. 3 -
Eye Opener: Millions of Americans impacted by massive winter storm
Winter storm blankets eastern North America in heavy snow, with more to come. Also, President Biden is criticized by both parties for pardoning his son Hunter Biden. All that and all that matters ...CBS News - Dec. 3 -
George Osborne is a walking ad for a wealth tax. Labour should target the inheritocracy | Polly Toynbee
‘Tax wealth, not work’ would be a powerful message for Starmer and Reeves – are they bold enough to pursue it?. Now he’s retired from casting millions of people into poverty, George Osborne has ...The Guardian - Dec. 3 -
Trump’s tax plans: Housing credits ‘in play,’ and there’s buzz over a short extension for expiring cuts
One veteran analyst is predicting that housing tax credits will get included in the GOP’s big tax package next year. Separately, some GOP lawmakers reportedly have talked about using the package to ...MarketWatch - Dec. 3 -
U.S. Sending $725 Million in Arms to Ukraine, Including More Land Mines
The package, the largest since April, comes amid deep concerns in Ukraine that the Trump administration may cut off aid. The president-elect has vowed to end the war quickly, but has not said how.The New York Times - Dec. 3 -
Ocasio-Cortez first person to hit a million followers on Bluesky
Rep. Alexandria Ocasio-Cortez (D-N.Y.) is the first person to hit a million followers on the social platform Bluesky, according to the platform. Other than Bluesky’s own account, Ocasio-Cortez’s ...The Hill - Dec. 3 -
Special counsel objects to dismissing Hunter Biden tax case after pardon
Special counsel David Weiss rejected suggestions that he selectively prosecuted Hunter Biden in court filings where he also objected to dismissing charges following a sweeping pardon. President ...The Hill - Dec. 2