Treasury Secretary Steven Mnuchin prepares to deliver remarks on the coronavirus relief package after the Senate Republican Policy luncheon in Russell Building on Tuesday, March 17, 2020. Tom Williams | CQ-Roll Call | Getty Images The IRS is extending the federal income tax filing deadline to July 15 as part of a growing effort to […]
Tag: Government taxation and revenue
Trump pressures Congress to approve payroll tax cut for rest of year
WASHINGTON, DC – MARCH 11 : President Donald J. Trump meets with bank CEOs about Coronavirus COVID-19 response in the Cabinet Room at the White House on Wednesday, March 11, 2020 in Washington, DC. The Washington Post WASHINGTON — President Donald Trump pressed Congress on Friday to include a nine-month payroll tax holiday in the […]
Financial transaction tax could hit average Americans
Democratic presidential candidate Sen. Bernie Sanders (I-Vt.) speaks during a campaign event on February 17, 2020 in Richmond, California. (Photo by Justin Sullivan/Getty Images) Justin Sullivan When Sen. Bernie Sanders, I-Vt., proposed legislation last year to tax stock trades, he decried the “recklessness of Wall Street billionaires” and cited a goal of building an economy […]
Mike Bloomberg’s proposed Wall Street transaction tax explained
Presidential candidate Mike Bloomberg speaks at a campaign event at the Dollarhide Community Center in Compton on Monday, Feb. 3, 2020. Scott Varley | Torrance Daily Breeze via Getty Images Presidential hopeful Michael Bloomberg on Tuesday announced sweeping reforms to the way Wall Street does business. Among his proposals is a 0.1% tax on all […]