October 1, 2022

Best Time of the Year to Retire for Tax Purposes

By Brian Baker From Bankrate Retirement is a goal nearly everyone hopes to reach someday. People spend decades working, saving, and investing to meet their retirement goals, and achieving those goals is a real accomplishment. But how do you know when’s the best time of the year to retire? The time of year you choose to retire…

Democrats Reject Ban on Middle-Class Tax Hikes in ‘Inflation Reduction Act’

Senate Democrats, on a party-line vote, rejected an amendment to their “Inflation Reduction Act” that would ban Internal Revenue Service (IRS) funds from being used to go after working and middle-class Americans with audits and tax hikes. On Sunday, Senate Democrats passed the Inflation Reduction Act which includes $8src billion for the IRS to target…

Samsung Seeks Tax Breaks on $192 Billion Potential Chip Plants in Texas

The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, on March 23, 2018. (Kim Hong-Ji/Reuters) SEOUL—Samsung Electronics has begun applications for tax breaks for 11 potential chip plants in Texas adding up to investments of about $192 billion, according to documents filed with Texas authorities. Samsung’s applications were filed…

McConnell: ‘Democrats Want to Tax Us into a Recession After Spending Us into Inflation’

Thursday, during an appearance on FNC’s “Special Report,” Senate Minority Leader Mitch McConnell (R-KY) criticized his congressional Democrat colleagues for spending bills, which he said have contributed to the inflationary pressures the country was facing. According to the Kentucky Republican, the next move for Democrats was to “tax us into a recession.” “Gene [Sperling] had…

Biden to announce gas tax holiday, Gabby Petito family in court & more | LiveNOW from FOX

Ford, GM, Stellantis, Toyota Urge Congress to Lift EV Tax Credits Cap

By Riley Beggin From The Detroit News WASHINGTON—Ford Motor Co., General Motors Co., Stellantis NV, and Toyota Motor Corp. sent a letter to congressional leaders Monday urging them to lift the 200,000 customer cap for existing electric vehicle tax credits. The letter from the nation’s four largest automakers comes as Democrats in Congress are negotiating […]

Spotify to Scoop Company Behind Val Kilmer’s Voice in Tom Cruise Blockbuster

Actor Tom Cruise arrives in a helicopter to the world premiere of “Top Gun: Maverick” aboard the USS Midway in San Diego, on May 4, 2022. (Robyn Beck/AFP via Getty Images) Spotify Technology SA agreed to acquire Sonantic. Sonantic is a dynamic AI voice platform that creates compelling, nuanced, and stunningly realistic voices from the text. […]

Tesla Hiring 500–600 Staff a Month at German Plant: Regional Economy Minister

A line of electric vehicles of the model Y during the start of the production at Tesla’s “Gigafactory” in Gruenheide, southeast of Berlin on March 22, 2022. (Patrick Pleul/Pool/AFP via Getty Images) BERLIN—Tesla is hiring 500 to 600 people a month at its Gruenheide plant and is working with the national employment agency to recruit […]

Poor Tax and Energy Policies Behind Canada’s High Gas Prices, Advocates Say

Advocates for taxpayers and affordable energy blame the various levels of government in Canada for high gas prices and resultant high inflation, saying that tax relief and promotion of pipelines and the energy sector would alleviate the problem. In recent days, gas prices reached record highs in most regions of Canada, surpassing $2 per litre.…

Watchdog Group Sues IRS Over Stonewalled Investigation Into Massive Tax Record Leak

An Internal Revenue Service (IRS) investigation into a massive 2021 leak of taxpayer data has so far failed to turn up any answers about how the data got out. The Functional Government Initiative (FGI), a government watchdog group, is suing the IRS in an effort to get the agency to hand over documents about its…

IRS Data: Democrat Billionaire Mike Bloomberg Pays Less than Half the Tax Rate Paid by Average American

Billionaire Michael Bloomberg, the failed Democrat presidential primary candidate and former New York City mayor, is paying less than half the federal income tax rate the average American taxpayer pays, newly published Internal Revenue Service (IRS) data reveals. The revelation is part of a broad investigation by ProPublica that gives a glimpse into the tax…

Matt Gaetz Calls to End Disney $600 Million ‘Tax Cheat’ Loophole

Rep. Matt Gaetz (R-FL) charged in an op-ed Friday that the Florida legislature should end Disney’s $600 million tax cheat loophole. Gaetz explained in an op-ed that Walt Disney Corporation benefits from a Florida tax code loophole that has allowed Disney to potentially skirt around hundreds of millions of dollars in state corporate income taxes.…

LA Councilman Joe Buscaino Releases Tax Returns as Part of Mayoral Run

LOS ANGELES—Los Angeles City Councilman Joe Buscaino Monday became the second candidate for mayor of Los Angeles to release his tax returns from the last five years, following City Attorney Mike Feuer. According to Buscaino’s 2021 tax return, which he filed with his wife Geralyn, the couple’s adjusted gross income was $291,758, and $257,152 was…

Pollak: California Democrats’ $400 Rebate Can’t Undo Gas Tax Damage

California Democrats are debating a proposal to give taxpayers a $4srcsrc rebate to help cover the high cost of gasoline. Gov. Gavin Newsom hinted at the idea in his “State of the State” address, presenting it as a way “to put money back in the pockets of Californians, to address rising gas prices.” But he…

Pinkerton: Joke of the Day: ‘Vulnerable’ Senate Dems Propose Cutting Gas Tax

Here’s an actual headline good for some laughs: “Vulnerable Senate Dems try to run as tax-cutters.” That howler of a header appeared this week in Politico.   As the publication explained, four Democratic senators all up for re-election in 2022— Mark Kelly of Arizona, Maggie Hassan of New Hampshire, Catherine Cortez Masto of Nevada, and Raphael Warnock…

AOC: Expiration of Child Tax Credit to Blame for Rising Crime in NYC

Far-left Rep. Alexandria Ocasio-Cortez (D-NY) correlated increasing thefts in New York City to the expiration of the child tax credit in an interview published on Monday, Fox News reported. While speaking with the New Yorker for a “wide-ranging” interview, Ocasio-Cortez said she has been told by “hospitals, doctors and social workers” that the increase in…

AOC ties expiration of child tax credit to jump in NYC crime

NEWYou can now listen to Fox News articles! Rep. Alexandria Ocasio-Cortez, D-N.Y., tied the increase of thefts in New York City to the expiration of the child tax credit at the end of the year, according to an interview published on Monday. Ocasio-Cortez, who just recently made waves when she predicted a Democrat takeover of […]

Preventing Type 2 Diabetes in People With ‘Prediabetes’: Do Diet and Exercise Work?

Most of us will be aware that our modern world has a problem with diabetes, and that it’s getting worse. In type 2 diabetes the body becomes unable to control blood sugar levels, leading to a smorgasbord of complications that can affect almost every part of the body. Usefully, blood tests can detect the stage…

6 Tips on Balancing Your Family, Career, and Your Anxieties

It can be difficult for adults to take care of their families, careers, and stresses at the same time. Many times, worry and fear can get the best of you when you’re overwhelmed with everything that needs to be done. As a result, here are six work life balance tips on how to take care…

Social Connectedness, Sleep, and Physical Activity Associated With Better Mental Health Among Youth During the COVID-19 Pandemic

Longitudinal survey data of more than 3,000 adolescents ages 11-14 recorded before and during the early months of the COVID-19 pandemic in 2020 found that supportive relationships with family and friends and healthy behaviors, like engaging in physical activity and better sleep, appeared to shield against the harmful effects of the pandemic on adolescents’ mental…

Religious Exemptions and Required Vaccines: Examining the Research

How often do students and employees claim vaccine mandates conflict with their religious beliefs? What are schools doing to discourage exemptions to required childhood vaccines? We look at the research. Even as national surveys show Americans drawing away from religion, more American children are using religion to waive recommended school vaccinations. Even before some California…

Boris Doubles Down on Tax Rises, ‘Absolutely Vital’ to Take More to Pay for Covid Policies

While Boris has been accused of making ‘red meat’ conservative policy giveaways to buttress his waning popularity, he clearly is not wounded badly enough to consider scrapping a looming tax rise, insisting it is “absolutely vital” to increase taxes on working people. The British government has spent “over £400 billion keeping the British economy going”…

Experts Fear Biden’s Global Minimum 15 Percent Tax Rate on Big Corporations Could Harm Small Businesses

Experts are concerned that President Joe Biden’s new global minimum tax rate of 15 percent on large multinational business will harm the small businesses that support them. Treasury Secretary Janet Yellen confirmed on Saturday that leaders of the world’s 20 biggest economies (G-20) have endorsed the “historic agreement” on new international tax rules…

REPORT: Manchin Demands An Income Cap For Biden’s Child Tax Credit Program

Democratic West Virginia Sen. Joe Manchin said the White House must include a work requirement and family income cap at $60,000 if President Joe Biden wants the child tax credit expansion to pass, Axios reported Sunday.Democrats are pushing to expand monthly child tax credits permanently as part of their spending package despite little public support.…

EXCLUSIVE: Ocasio-Cortez Hit With Second Ethics Complaint Over ‘Tax The Rich’ Met Gala Appearance

Rep. Alexandria Ocasio-Cortez may have violated a myriad of House ethics rules for attending the ritzy Met Gala on Monday evening while wearing a “tax the rich” dress, a conservative watchdog group alleged in a complaint filed Thursday. “Representative Ocasio-Cortez may have violated the House Gift Rule by accepting free admission for herself and boyfriend…

Not-So Conservative: Boris Reportedly Planning to Impose Highest Tax Burden for 70 Years

The nominally conservative government of Prime Minister Boris Johnson may introduce the highest tax burden on the British public in 70 years, amid record spending during the coronavirus pandemic and plans to tax the young and working-class for new National Insurance subsidies. Boris Johnson’s government is reportedly planning on increasing National Insurance contributions in order…

Virginia Republican Glenn Youngkin Unveils ‘Day One’ Plan: Tax Cuts; Bans on Critical Race Theory, Lockdowns

FAIRFAX, Virginia — Republican Glenn Youngkin, who is running for governor of Virginia, laid out his “day one game plan” on Monday, emphasizing new tax cuts to offset struggles with cost inflation and reassuring his supporters he would rid classrooms of Critical Race Theory (CRT). Youngkin, a former CEO of the Carlyle Group, formally introduced…

Pat Toomey: Cryptocurrency Tax in Democrat Infrastructure Bill ‘Unworkable’

Sen. Pat Toomey (R-PA), the ranking member of the Senate Banking Committee, released a statement that slammed the so-called “infrastructure” bill’s provision to tax cryptocurrency as “unworkable.” “Congress should not rush forward with this hastily-designed tax reporting regime for cryptocurrency, especially without a full understanding of the consequences,” Toomey wrote the day after the Senate released the text of the…

‘People Hit The Hardest Are The Poor’: Newt Gingrich Says American’s Will Notice Biden’s ‘Hidden Tax’

Former House Speaker Newt Gingrich said Sunday that Americans will notice what he called President Joe Biden’s “hidden tax” and predicted the country is “on the edge of a massive inflation.” “So every person who hears us today, when you go out to fill your gas tank and you notice that you’re getting less gasoline…

White House Misleadingly Using Former Trump Adviser Gary Cohn to Sell Joe Biden Tax Hike

AP Photo/Evan Vucci President Joe Biden’s White House continues citing an old Gary Cohn interview out of context to suggest President Donald Trump’s former economic adviser is supporting Biden’s proposed $2.5 trillion spending deal. “This Week: 200 Economists, Gary Cohn, Republican Kathy Maness, and the American People Agreed: The American Jobs Plan Is Both Sensible…

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