The pressures of rising prices, inflation, and consumer costs are weighing heavily on American families, especially those already living paycheck to paycheck. Affordability has emerged as a top issue and is supposedly the reason behind President Trump’s demand for a ...
Read MoreCategory Archives: Taxes & The Economy
Earlier this year, the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) was signed into law. Stablecoins, a form of cryptocurrency, are backed by traditional assets—the U.S. dollar, for example. Stablecoins are used to exchange other cryptocurrencies. ...
Read MoreAs Congress was starting to debate its reconciliation bill in earnest back in March we wrote about a proposal to eliminate the tax exemption provisions for certain credit unions. Credit Unions’ tax-exempt status was established in The Federal Credit Union ...
Read MoreA loophole in the U.S. tax code allows foreign interests to pour billions into our legal system through a scheme known as Third Party Litigation Funding. These groups bankroll lawsuits, often frivolous, with the sole aim of securing a settlement. ...
Read MoreAs part as of current budget reconciliation package, the U.S. Senate is currently considering a proposal to impose a 3.5% tax on personal money transfers sent abroad. The House of Representatives already approved the measure. While the measure is meant ...
Read MoreThe U.S. Chamber of Commerce is hosting events around Small Business Day today to kick off the start of Small Business month. Small businesses remain the economic engine of the United States. In fact, from 1995 to 2021, for example, ...
Read MoreLast week HLF was lucky enough to attend a summit focused on “Redefining Retirement.” The event was hosted by investment management firm BlackRock, the Bipartisan Policy Center, and Semafor. Speakers ranged from elected officials, corporate leaders, small business owners, union ...
Read MoreOne of the ongoing conversation on Capitol Hill is the extension of the 2017 Tax Cuts & Jobs Act, including how to structure legislation so to “pay for” (as many describe it) the tax cuts. One revenue raiser that has ...
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