Articles
Pelosi: There will be new IRS bank reporting requirements but $600 amount negotiable
Banks currently report transactions in accounts that are over $10,000 Read More.
Goldman cuts forecast for US economic growth in 2021 and 2022
The firm previously expected 5.7% gross domestic product (GDP) growth in 2021 and 4.4% growth in 2022 Read More.
'Historic': French President Emmanuel Macron hails global tax agreement
The worldwide campaign for a minimal international tax on large businesses took a step closer to reality on Friday, when Hungary, one of the last holdouts, decided to join a proposal that now has 136 signatories. Read More.
World agrees 15% tax for biggest companies
An international deal to ensure the world’s largest multinationals pay a minimum corporate tax rate of 15 per cent was reached by 136 countries last night. Read More.
The Grassroots Corner October 11, 2021
🇺🇸 The Grassroots Corner - Week Beginning 10/11/21: “Meet Candidate Allen Waters” Read More.
US economy adds 194K jobs in September, missing estimates
Unemployment rate fell to 4.8% Read More.
The Chairman’s Report October 8, 2021
There are many ideas in Washington, D.C. that their supporters believe will be beneficial to America and the American people. Whether these ideas are Democrat or Republican, liberal or conservative, they all have one thing in common—they need funding. Read More.
Biden proposal to monitor bank accounts with at least $600 is a terrible idea
The Biden administration is looking for ways to close an estimated $160 billion tax gap — the amount of money that is owed by various taxpayers but that has not been collected. It is an admirable goal and highlights a definite problem that needs to be addressed in a responsible way. Read More.
Biden tells EC commission chief the international tax system must be fair
U.S. President Joe Biden, in a call with European Commission President Ursula von der Leyen on Monday, emphasized the importance of "leveling the playing field in the international tax system," the White House said in a statement. Read More.
Biden's social spending spree may unleash bigger inflation wave: JEC Republicans
Sen. Mike Lee said inflation is 'gnawing away at Americans’ wages, savings, and aspirations' Read More.
IRS launches ‘Tax Pro Account’ feature
The IRS has unveiled its online "Tax Pro Account" portal (available at www.irs.gov) to allow tax professionals to interact digitally with the Service in a range of ways. Read More.
Stronger estate tax would hit more inheritances under Democrats' plan
A historic low number of estates paid taxes in 2020, underscoring how much that tax has weakened in the last two decades. But Democrats are looking to change that as part of their tax hikes targeting the wealthy. Read More.
White House announces new trade regulations on China
The U.S. plans to use 'all available tools' to enforce the Phase One Trade agreement Read More.
Do the well-off really not pay their fair share of taxes?
Donning an expensive “Tax the Rich” gown at the $35,000 per-ticket Met Gala, Rep. Alexandria Ocasio-Cortez’s (D-N.Y.) publicity-seeking, hypocritical stunt serves as a metaphor for the disdain many populists on the left and right seem to hold towards the well-off. Read More.
The Grassroots Corner October 4, 2021
🇺🇸 The Grassroots Corner - Week Beginning 10/04/21: “Hostile Argument: With The FairTax, There Will Be A Huge Evasion Problem Because The Rate Is So High” Read More.
