In a nod to the ongoing economic turmoil wrought by the COVID-19 pandemic, the U.S. Internal Revenue Service delayed the income tax filing deadline from April 15 to May 17. In his statement, IRS Commissioner Chuck Rettig said the IRS “wants to do everything it can to help people in these tough times.” If the […]
The Tax Reform bill of 2017 was supposed to close loopholes which had allowed corporations to avoid paying taxes, but a study by Matt Gardner, Senior Fellow at the Institute on Taxation and Economic Policy (ITEP), of Netflix has shown that it reduced corporate taxes without closing the loopholes. He talks to Jan Miyasaki about […]
As we broadcast, the U.S. Senate and the House of Representatives continue to hash out the differences between their versions of Republican tax overhaul legislation. At least two Republican Senators, Bob Corker of Tennessee and Susan Collins of Maine, potentially enough to tip the vote, have expressed reservations about potential changes to the bill coming […]
The new “Tax Reform”, currently flying through Congress, is the “Business Communities Wish List” come true. That’s according to University of Illinois professor Richard L. Kaplan. He talks with Jan Miyasaki about specifics on how this bill is a windfall for big business and a bust for taxpayers.
It might be hard to tell, but the annual enrollment period to sign up for a healthcare plan under the federal Affordable Care Act is occurring right now. After Congress failed to repeal the Affordable Care Act in two successive tries in 2017, the Trump administration unilaterally cancelled contracts, gutted funding and slashed public outreach […]