taxes

Countries are rapidly responding to President Donald Trump’s recently imposed tariffs, with some pledging to retaliate and others seeking to plead with the US and reach reciprocal agreements to lower tariffs.  President Trump levied a baseline 10% tariff on all imports entering the US with additional tariffs for countries that the White House assesses are […]

Florida Republican Congressman Randy Fine said Sunday that permanent tax cuts for Americans should be a top priority for House Republicans in the Trump agenda after he was elected to the Hill last week in an interview with Kevin Corke on the Fox Report. "Lower tax rates incent people to work harder. It incents them […]

President Donald Trump recently unveiled a list of tariffs to be imposed on all imports coming into American markets during a celebration themed ‘liberation day.’ President Trump has lauded tariffs as a tool for negotiation, revenue gathering, and national security enforcement, and has called tariffs “the most beautiful word in the dictionary.” Now, Trump is […]

Representative Jared Moskowitz (D-FL) released a message providing a rationale for his vote against the government funding bill, a continuing resolution passed by House Republicans. The bill, which funds the government through September, passed by a tally of 217-213 along party lines. One Republican voted no (Rep. Massie), and another did not vote (Rep. Tim […]

Republican Congressional lawmakers are pledging to push legislation to balance the US budget as the federal government’s debt soars.  Last May, it was reported that the US was spending more on debt interest payments than on its military for the first time in history.  Florida Republican Representatives Anna Paulina Luna and Mike Haridopolos spoke to […]

President Donald Trump recently signed an executive order creating the US’ first ever Bitcoin and Crypto reserve.  The executive order creates two separate reserves, one Bitcoin reserve and another Digital Assets reserve holding a gauntlet of cryptocurrencies, that will hold assets forfeited as part of criminal or civil asset forfeiture proceedings. President Trump has publicly […]

During a press conference at the State Capitol in Tallahassee, State Representative Ryan Chamberlin (R-FL) announced what he believes to be the beginning of the end of property taxes in Florida. In 2024, State Rep. Chamberlin sought to find out the necessary steps needed to replace property by filing a bill funding a study on […]

Representative Vern Buchanan (R-FL) introduced a bill increasing tax incentives for small businesses, encouraging growth and innovation. The most significant provision of Rep. Buchanan's American Innovation Act is increasing the amount of income small businesses can deduct from federal income taxes from $5,000 to $20,000, a massive tax break. Additionally, startup expenditure deductions, like advertising, […]

Sen. Blaise Ingoglia (R-Spring Hill) filed a proposed amendment on Tuesday that would authorize the legislature to freeze in place property taxes to homes affected by natural disasters. The bill, SJR 1190, is designed to ease the burden on Floridians by lowering homeowners insurance premiums. It bill is implemented from SB 1192, which Blaise Ingoglia […]

Senators Rick Scott (R-FL), John Cornyn (R-TX), and 42 of their Republican colleagues have introduced the Death Tax Repeal Act, a bill that would do away with the federal estate tax, commonly referred to as the "death tax." Senate Majority Leader John Thune (R-SD) has joined the large number of GOP senators in reintroducing this […]

Elon Musk has announced that the Department of Government Efficiency found that the Federal Emergency Management Agency (FEMA) spent $59 Million last week to house illegal immigrants in New York City.  Late last January, President Donald Trump issued an executive order creating the FEMA Review Council to optimize FEMA’s spending and management and terminate any […]

House of Representatives Majority Leader Steve Scalise (R-LA) recently told The Floridian’s Javier Manjarres that Republicans intend to enshrine President Donald Trump’s tax cuts into law.  President Trump passed the Tax Cuts and Jobs Act (TCJA), a major tax reform law, in 2017. The TCJA mainly reduces personal income and corporate taxes among other regulatory […]

Representative Aaron Bean (R-FL) joined the House Ways and Means Committee in introducing a bill that would use reciprocal taxation to counter unfair taxes foreign countries place on American businesses. Rep. Bean's legislation is named the "Defending American Jobs and Investment" Act. It would require the Department of the Treasury to identify unfair and discriminatory […]

Representative Mike Haridopolos (R-FL) spoke with The Floridian to discuss tax policy, saying that extending the tax cuts from President Donald Trump's first term is crucial, as "the best thing we can do for the economy right now is offer certainty and stability." More to the point, he emphasized that "the longer we wait [to extend […]

Representatives Vern Buchanan (R-FL) and Byron Donalds (R-FL) have introduced new legislation removing taxes from income received through tips. Aptly named the "No Tax on Tips" Act, the bill allows for up to $25,000 in qualified tips to be deducted from income taxes and is reserved strictly for people working in traditionally tip-based jobs like […]

Representative Greg Steube (R-FL) appeared on Fox Business to discuss his bill, The Federal Disaster Tax Relief Act of 2023, and what it means for Floridians and Americans alike as President Joe Biden (D) recently signed it into law. The legislation would allow all Americans affected by a federally declared natural disaster to receive a tax […]

The Federal Disaster Tax Relief Act of 2023, led by Senator Rick Scott (R-FL) and Representative Greg Steube (R-FL), has been signed into law by President Joe Biden.  The new law, which was historically passed in the House of Representatives via discharge petition, will provide tax relief for certain federal disasters.  A discharge petition is […]

After being passed by the US House of Representatives nearly a year ago, Representative Gregory Steube’s (R-FL) Federal Disaster Tax Relief Act has been passed by the US Senate.  Representative Steube had been actively lobbying the Senate to pass the Tax Relief Act, which aims to provide tax advantages to those affected by certain recent […]