close Video Will party infighting derail House Democrats' agenda? House Armed Services Committee member Mikie Sherrill, D- N.J., argued Tuesday that the Trump tax plan is harmful to her constituents and the American people during an appearance on "America's Newsroom." The former U.S. Navy pilot and prosecutor said that Democrats will succeed in the next elections if they can promote bipartisan legislature that improves the lives of families, and charged that the current tax plans introduced under President Trump do the opposite. "Democrats have traditionally been at their strongest when they're supporting the middle class families and right now we have a tax plan that is harming families across New Jersey and across this country," she said. WHO ARE THE WEALTHIEST 2020 DEMS? WITH TAX RETURNS IN, THE ANSWER MAY SURPRISE YOU As tax filing deadline passed Monday, many Americans encountered President Trump's "Tax Cuts and Jobs Act" for the first … [Read more...] about Mikie Sherrill: Trump tax plan is hurting middle class Americans
The trump tax plan
Breaking News Emails Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings. SUBSCRIBE April 11, 2019, 10:00 AM GMT By Kathryn Kranhold This story was originally published by The Center for Public Integrity, a nonprofit, nonpartisan investigative news organization in Washington, D.C. Taxpayers are scrambling to make last-minute payments due to the Internal Revenue Service in just four days, but many of the country's largest publicly-held corporations are doing better: They've reported they owe absolutely nothing on the billions of dollars in profits they earned last year. At least 60 companies reported that their 2018 federal tax rates amounted to effectively zero, or even less than zero, on income earned on U.S. operations, according to an analysis released today by the Washington, D.C.-based think tank, the Institute on Taxation and Economic Policy. The number is more than twice as many as ITEP found roughly, per year, on … [Read more...] about Twice as many companies paying zero taxes under Trump tax plan
Glenn Kessler, The Washington Post Published 1:31 pm PST, Saturday, December 1, 2018 REP. DAVID N. CICILLINE, D-R.I.: We need a tax cut for middle-class families, not 83 percent of it going to the top 1 percent, richest people in this country, and the most powerful corporations. MARIA BARTIROMO: Well, I have got to push back on that, because 80 percent of the tax cut plan didn't go to the top 1 percent. As you know, congressman, the tax cut plan lowered all income levels, and they double the standard deduction. So that talking point . . . CICILLINE: Maria, that's just not true. BARTIROMO: No, it is true. CICILLINE: Maria, that's just not true. An independent outside group said 83 percent of that tax cut goes to the top 1 percent, the richest people in this country, the most profitable corporations. That is a fact. BARTIROMO: Congressman, it's just not true. - exchange on Fox News' "Sunday Morning Futures," Nov. 11, 2018 - - - This is a classic Washington moment - a … [Read more...] about Does the Trump tax cut give 83% of the benefits to the top 1%?
The Trump administration plans to take the Healthcare.gov website offline for hours at a time for maintenance during the coming Obamacare enrollment season, The Hill reported on Tuesday.The federal Centers for Medicare and Medicaid Services — which was harshly criticized last year for a similar move — insists the maintenance downtime occurs every year and will take place during the “lowest-traffic” periods for as little time as possible.Healthcare advocacy groups, however, question whether the administration is trying to prevent people from signing up for Obamacare, officially known as the Affordable Care Act. Since the ACA passage in 2010, Republicans have repeatedly tried — and failed — to repeal it, and have plotted to sabotage it with administrative schemes.“CMS is clearly at pains to provide assurances of its benign intent in this maintenance schedule,” Eliot Fishman, senior director of health policy at the health advocacy group … [Read more...] about Trump officials plan Obamacare site shutdowns during open enrollment
Tory Newmyer, The Washington Post Published 5:52 am PDT, Wednesday, August 22, 2018 Here's a defining split screen for our era: On Tuesday afternoon, as the bull market was tying the record for the longest ever, two of President Donald Trump's closest associates became felons, with one - his former personal lawyer, Michael Cohen - implicating Trump in directing him to break campaign finance laws. Investors are all but certain to shrug off the latest Trumpian turmoil today, Wednesday, to extend a rally that kicked off on March 9, 2009, thereby setting a record for the longest bull run in history. As the market closed in on the longevity record Tuesday, the Mueller Risk Index - an artificial intelligence-powered measure of the danger that the various legal probes closing in on Trump pose to his grip on power - started climbing. It is now pointed toward reaching a recent high by mid-September. And stock futures fell in the wake of the Cohen news. Yet Mark Rosenberg, CEO of … [Read more...] about The Finance 202: Wednesday will mark the longest stock rally in US history. Yes, despite the Trump turmoil.