tax reform
Republicans are focused on outperforming China in critical minerals procurement and are proposing laws to ensure the US can quickly expand its supplies. During former President Joe Biden’s administration, Republicans persistently warned that China enjoyed a growing chokehold on the world’s critical mineral supplies. Currently, China is the largest producer of processed critical minerals, processing […]
President Donald Trump’s ‘One Big Beautiful Bill’ is progressing through the Senate as the Finance Committee recently released a revised version. The measure was recently passed in the House of Representatives and includes policies like no taxes on tips, tax cuts, and immigration regulations. According to supporters of the bill, the Senate’s approval would codify numerous […]
Representative Sheila Cherfilus McCormick (D-FL) has introduced legislation to provide comprehensive tax relief to American families. Provisions within Rep. McCormick's All-Americans Tax Relief Act include new above-line deductions for medical, rent, daycare, commuting, and tutoring expenses, along with credit card debt interest for working and middle-class families. The Earned Income Tax Credit will also expand […]
Representative Greg Steube (R-FL) has introduced a bill protecting small businesses from undue tax burdens through gift and estate taxes. Specifically, Rep. Steube's Family Business Legacy Act updates a 2015 bill known as the Protecting Americans From Tax Hikes Act (PATH). The PATH Act itself was a response to the Internal Revenue Service (IRS) introducing […]
Representative Vern Buchanan (R-FL) is introducing bipartisan legislation to permanently extend and expand mortgage tax deductions and cut taxes on condominium owners. Named the Middle-Class Mortgage Insurance Premium Act, Rep. Buchanan's bill revives a tax deduction for mortgage insurance premiums that expired in 2021. Mortgage insurance is required for home buyers who cannot afford a […]
Cryptocurrency is a hot commodity, and it could become legal tender soon. Representative Matt Gaetz (R-FL) is already on it and has recently introduced a bill allowing the payment of Federal income taxes with Bitcoin. Rep. Gaetz, inspired by El Salvador's bold move to legalize Bitcoin as a legal tender, has introduced a bill that […]
The focus of the committee will be to make the individual tax cuts “permanent long term” and to ...
It what appears to be a strategic move to help Republicans in this fall’s mid-term elections, Buchanan said that the tax policy committee he chairs, is “actively working to produce somewhat of a product before August,” and hopes to get a bill for members to vote on “sometime in September.”
"Frankly, if you look at the bonuses, which I haven't heard of a corporate bonus more than $1,000 so far—which by the way is taxed...
In the end, this race, will boil down to who can raise the money to win
Republicans sold the bill as a pro-business, anti-tax and regulation measure that would create higher wages and jobs, while Democrats have said
