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The clear election victory for Republicans means they will retake the White House, Senate, and (by a slim margin) the House next year, putting them in the driver’s seat to determine the direction of tax reform. Republicans are likely to use a process called budget reconciliation, which allows for budget legislation to be passed out of the House and Senate via a simple majority.
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The federal deficit this year is the biggest in U.S. history, excluding years when there were pandemics.
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President Joe Biden asserted in a recent speech that 'wind and solar are already significantly cheaper than coal and oil.' This is blatantly incorrect. There are numerous defenses for Biden's assertion. But not only are they all susceptible to refutation, but they have all already been disproved.
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The truth is that a basic economic reality—scarcity—cannot be resolved by Gavin Newsom's Division of Petroleum Market Oversight.
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A simple lesson in microeconomics is enough to show a student that raising the minimum wage is usually a bad idea.
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In 1903, a doctor from Vermont bet $50 that he could drive across America. It cost him $8,000 and 63 days' worth of gas.
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Charles Ponzi's scheme must have made an impression on policymakers who were coming of age in the 1930s, because they used the same plan for the new Social Security system.
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The people in charge of the economy in Norway forgot a very easy lesson, and now they can do little but watch as the people who make money in their country leave.
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Can you change income tax regimes while filing revised ITR? Else, she can also opt for new income tax regime by foregoing those commonly availed deductions. However, what if an individual has opted for one tax regime while filing ITR and wants to opt another one while revising ITR
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Common ITR form for all taxpayers: What's new in proposed income tax return form? The proposed common ITR is aimed at eliminating this process. Will it ease the ITR filing process for common taxpayers? Let's find out
The clear election victory for Republicans means they will retake the White House, Senate, and (by a slim margin) the House next year, putting them in the driver’s seat to determine the direction of tax reform. Republicans are likely to use a process called budget reconciliation, which allows for budget legislation to be passed out of the House and Senate via a simple majority.
