America’s billionaires pay an average income tax rate of just 8.2%, Biden administration says

The wealthiest 400 families in the United States are paying an average income tax rate of just 8.2%, according to a new analysis from the Biden administration. President Joe Biden and Democrats are pushing to raise taxes on the richest Americans as they look for ways to pay for their ambitious agenda, making its way through CongressContinue reading “America’s billionaires pay an average income tax rate of just 8.2%, Biden administration says”

Federal judge says Trump’s accountants must turn over tax records to House panel

The judge approved a subpoena for Trump’s records covering 2017 and 2018, but turned down most of the panel’s request for similar information dating back to 2011. A federal judge has ruled that former President Donald Trump’s accountants must turn over two years’ worth of his tax and financial records to a House committee investigatingContinue reading “Federal judge says Trump’s accountants must turn over tax records to House panel”

Clarence Thomas says federal laws against marijuana may no longer be necessary

“The federal government’s current approach is a half-in, half-out regime that simultaneously tolerates and forbids local use of marijuana,” the conservative Supreme Court justice wrote. Clarence Thomas, one of the Supreme Court‘s most conservative justices, said Monday that because of the hodgepodge of federal policies on marijuana, federal laws against its use or cultivation may noContinue reading “Clarence Thomas says federal laws against marijuana may no longer be necessary”

US House Republicans’ campaign arm to accept crypto donations

The National Republican Congressional Committee (NRCC), the U.S. House Republicans’ campaign arm, is set to accept donations in cryptocurrency. Axios reported the news on Wednesday, saying that the NRCC has partnered with crypto payments processor BitPay for the initiative. That means crypto donations will be converted into U.S. dollars by BitPay before being deposited in the NRCC’sContinue reading “US House Republicans’ campaign arm to accept crypto donations”

Stimulus Checks Cause Some To Lose Disability Benefits

Legal aid attorneys say the government is mistakenly docking benefits because of coronavirus rebate payments. Stimulus payments aren’t supposed to count against eligibility for social insurance programs like disability benefits, but some people might have lost benefits because of too much money in their bank accounts. The Social Security Administration has suspended disability benefits forContinue reading “Stimulus Checks Cause Some To Lose Disability Benefits”

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