Taxation – Page 5

Trump’s Pick to Lead I.R.S. Promoted a Nonexistent Tax Credit

Billy Long’s effort to promote the credit, along with his pushing of a fraud-ridden pandemic-era tax break, will be under close scrutiny during his Senate confirmation hearing.

By Andrew Duehren

Income Tax Law and Legislation Minimum Wage Tax Credits, Deductions and Exemptions Taxation Tips and Tipping United States Economy United States Politics and Government Wages and Salaries

Trump Wants to Fulfill His ‘No Tax On Tips’ Promise. The Details Get Tricky.

The idea is politically popular, but the tax benefits may not go as far for low-income workers as many may think.

By Talmon Joseph Smith

Budgets and Budgeting Credit Ratings and Credit Rating Agencies Customs (Tariff) Federal Budget (US) Federal Taxes (US) Inflation (Economics) internal-storyline-no Johnson, Mike (1972- ) Moody's Investors Service Inc Protectionism (Trade) Taxation Trump, Donald J

The ‘Sell America’ Trade Makes a Comeback

Investors sold stocks and bonds after Moody’s downgraded the U.S. credit rating, potentially complicating negotiations around Republicans’ tax plan.

By Andrew Ross Sorkin Edmund Lee Bernhard Warner Sarah Kessler

National Debt (US) Tax Cuts and Jobs Act (2017) Taxation Trump, Donald J United States Politics and Government

Moody’s Downgrades U.S. Credit Rating Below Triple-A

The downgrade means that each of the three major credit rating firms no longer gives the United States its best rating.

By Tony Romm and Andrew Duehren