How Senate Republicans killed the child tax credit and made Tax Day 2024 worse for families
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And don’t forget to add the state capital gains tax: the Biden combined federal-state rate would exceed 50% in many states President Biden has formally proposed the highest capital gains tax in over 100 years. Here is a direct quote from the Biden 2025 budget proposal: “Together, the proposals would increase the top marginal rate
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Senators want property tax reforms back on the agenda
Tweaking property investor taxes could save the federal budget billions and boost home ownership, even with exemptions for those operating under the old rules, analysis commissioned by two senators suggests. Independent senators David Pocock and Jacqui Lambie want changes to capital gains tax and negative gearing back on the agenda, commissioning an analysis on the […]
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Senate approves extension of FISA surveillance just after deadline
The Senate early Saturday passed a two-year reauthorization of the Foreign Intelligence Surveillance Act’s (FISA) warrantless surveillance program after hours of intense and sometimes acrimonious debate on the Senate floor, narrowly avoiding a key national intelligence gathering capability going dark. Senators voted 60-34 to send the bill to President Biden’s desk shortly after the midnight