Category: Taxes

Walmart, who is the nation’s largest private employer, announced yesterday that due to President Trump’s tax cuts they would be raising their employees’ minimum wage to $11 an hour. They also announced a sliding scale of bonuses for workers. A Walmart spokesman told CNBC that employees who have been with the company for more than […]

Yet another reason the IRS should be done away with and a new, massively smaller agency should take its place… incompetency. In their infinite wisdom, the IRS decided to outsource their debt collection services on back taxes. They spent $3 for every $1 collected. This is according to a new report by the federal watchdog […]

More good economic news today and once again it’s connected to President Trump’s tax cuts. The left is deflated once again. Walmart will be raising their minimum wage to $11 per hour. They will expand maternity and paternal leave benefits as well. Walmart will also give out one-time bonuses to qualifying employees. “Today, we are […]

Just wow. Sometimes leftists tell you the truth and they don’t even realize what they are doing. The tax cuts that President Trump just put through are going to save people money on their taxes and put money back in their pockets. That wins votes and Hillary Clinton’s former adviser, Philippe Reines, knows it. He’s […]

While Andrew Cuomo in New York is lamenting the Trump tax cuts (even suing the federal government, claiming they’re an unconstitutional attack on states’ rights), businesses are promising significant bonuses as a result. Nationwide Insurance has announced that they are going to be giving out $1,000 bonuses to most of their employees, as well as […]

Andrew Cuomo has a history of unapologetic liberalism, but his hatred for all things conservative (including tax cuts) might have just gone a little too far this time. The New York Governor is now suing to block the tax cuts that conservatives have raved over. That’s right, he doesn’t want YOU personally (not just the […]

The Hill thinks this is going to be really super difficult for the Internal Revenue Service, per the headline Trump’s tax law creates new challenges for IRS Oh noes, challenges! The Republican tax bill is the law of the land — but for federal officials, the work is just beginning. The Treasury Department and the […]

The Trump tax cuts have already begun to show positive influence in the economy, with many corporations promising bonuses to their employees in the United States as a result of the legislation. Bank of America is the most recent company to jump on board this particular bandwagon, vowing to give out $1,000 bonuses to 145,000 […]

Merry Christmas! The massive tax reform deal will be on the Resolute Desk before the end of the week to be signed into law. After months of dealing, Trump’s new plan will soon be the law of the land. Highlights include: A lowered corporate tax that will go from 35% to 21%. The highest individual […]

The GOP just took a huge step finalizing a tax bill. The House voted 227 to 203 and passed an updated version of their comprehensive tax legislation. They call it the Tax Cuts and Jobs Act. The Republicans are now rushing this to the Senate to vote on later today and then President Trump will […]

Republicans have just released their long-awaited tax overhaul bill. After getting Marco Rubio and Bob Corker on board, the deal is pretty much set and Trump will get to sign it into law. It’s the most massive tax cut in over 30 years, but you’d never know it to listen to the media and leftists […]

The President said on Wednesday that he wants to give Americans “a giant tax cut for Christmas.” “It’s going to be a lot of money,” he claimed. “Our current tax code is burdensome, complex and profoundly unfair – it has exported our jobs, closed our factories, and left millions of parents worried that their children […]

At some point, taxation becomes slavery. We may disagree about where that point is, but everyone should at least be able to agree that when 100% of the wealth you generate is confiscated by the government, you are a slave: Some high-income business owners could face marginal tax rates exceeding 100% under the Senate’s tax […]

The Senate just passed major tax reform. With 51 Republican votes, the Senate approved a tax cut for many Americans early Saturday. It would almost double the standard deduction and overhaul the corporate rate, cutting it nearly in half. At current spending patterns, it would add nearly $1 trillion the deficit over the next 10 […]

Let’s see how this played in the biggest D.C. local “journalism” outlet (Washington Post) Senate Republicans passed a $1.5 trillion tax bill early Saturday morning that bestows massive benefits on corporate America and the wealthy while delivering mixed blessings to everybody else. After a frantic round of negotiations, Republicans came together in near unanimity behind […]

The NY Times Editorial Board actually provides a rational, well researched, well thought out plan, and offers some facts, figures, and likely outcome on corporate taxes. Is it workable, though? What it does do is get money grabby The Right Way to Cut Corporate Taxes Republicans are right about the corporate tax system being broken, […]

The NY Times’ Jesse Drucker and Simon Bowers have done some research on the Internet, and are rather incensed that Apple and other companies would dare to “swindle” governments out of money. Along the way, they rather make the point for Trump that the corporate tax rate drives business away After a Tax Crackdown, Apple […]

What is interesting in this is that so many outlets were reporting that the tax break might go away with the GOP tax plan. While they were all guessing, since they didn’t wait for the plan to be released (some were still guessing after it was released), few published anything that said “yeah, it’s going […]

If you need any more proof that liberals aren’t tuned in enough to know what they’re talking about, we have it for you. Campus Reform – a conservative website that keeps an eye on liberal college campuses – decided to visit George Washington University and ask the students some questions about proposed tax reform. The […]

Authoritarians have combined their self-righteous intrusion into our personal habits and the insatiable greed that characterizes Big Government by pushing for a sin tax on soft drinks. But on this front, moonbats are in retreat. From Chicago: Cook County commissioners voted 15-2 to repeal the 1-cent per ounce tax on soda, diet soda, sweetened coffees […]

Before announcing the structure of his new tax plan, President Trump introduced it as a “giant win for the American people,” the middle-class in particular. In Indiana for his speech, Trump called the current tax rules a “self-inflicted economic wound.” Indiana had previously prospered under Gov. Mike Pence and in 2016, all eleven electoral college […]