40+ California Multimillionaires Sign Open Letter Backing Billionaire Wealth TaxDozens of multimillionaire Californians have signed an open letter supporting a one-time wealth tax on the state's billionaire residents, calling the proposal a "very sensible solution" to a looming healthcare disaster and runaway inequality. "People like us can afford to live wherever we want. We choose to live in California because we love our state,"…Common Dreams5d agoWhole story →SecurityEconomy
House Democrat Pitches New Wealth Tax as Midterms Draw NearA House Democrat is proposing that Congress tax large lines of credit that help the nation’s highest earners convert appreciated assets into cash, a tax-the-wealthy policy those on the left have wanted for years.Bloomberg Tax News5d agoWhole story →Economy
Boomers want higher taxes to save Social Security — but is there a better way?Social Security’s funding shortfall has started a serious debate among young workers and their elders, with younger workers frustrated that older Americans are asking them to pay higher taxes to protect the benefits they’ve been counting on. A new poll highlights the divide — 89% of Americans over 65 support preserving current retirees’ benefits, even if…The Blaze5d agoWhole story →Economy
Wall Street con man Daniel Gordon dodges $59M NY tax bill, lives it up in Calif.Convicted Wall Street swindler Daniel Gordon owes New York $59.1 million in taxes while living in a $4.9M California mansion and peddling erectile dysfunction pills while earning praise from Gov. Gavin Newsom.New York Post5d agoWhole story →Economy
A new federal voucher could help public schoolsThe new scholarship tax credit program could help public school families pay for some educational services, but advocates worry it could do more harm than good.NPR5d agoWhole story →EconomyEducation
IRS Makes It Easier to Fix Retirement Account MistakesThe IRS and Treasury Department announced two procedures Thursday aimed at making it easier to correct errors on retirement plans.Newsweek2d agoWhole story →Economy
Are California voters about to impose 'world's first' tax on billionaires?Voters are about to decide if the mega-rich among them should hand over billions of dollars to pay for improvements to healthcare.BBC News2d agoWhole story →EconomyHealth
Ramaswamy accuses Acton of ‘lying’ about attack ad, but court records contradict mother’s claim – as it happenedThis live blog is now closed. Sign up for the Breaking News US email With less than two weeks until the midterms, my colleague Jonathan Freedland and Guardian US columnist Moira Donegan are answering your questions in this week’s episode of Politics Weekly America. They break down the final stretch ahead of these hugely consequential elections, that will…The Guardian1d agoWhole story →GovernmentEconomy
CT Gov. Lamont, Fazio release partial tax returns before electionGov. Ned Lamont and Republican challenger Ryan Fazio released partial tax returns Friday showing a vast gap in wealth between the two Greenwich residents.Hartford Courant1d agoWhole story →GovernmentEconomyNed Lamont
"A butter knife against a nuclear arsenal:" Tech billionaires vastly outspend wealth tax supportersMore than $351 million in political donations has been poured into a high-stakes contest about a proposed wealth tax on the November ballot, making it one of the most costly campaigns in California history.Los Angeles Times1d agoWhole story →GovernmentEconomy
Virginia’s status in school choice tax credit ‘in question’Virginia was the first state in the nation to opt into the Federal Scholarship Tax Credit, the first national school choice scholarship program, but there’s a chance Virginia will rescindRichmond Times-Dispatch16d agoWhole story →EconomyEducationschool choice tax credit debate
Rules released for federal scholarship tax credit programAs 30 states plan to opt into the federal scholarship tax credit program starting Jan. 1, it's not yet clear if all Nebraska students will qualify for a scholarship.Lincoln Journal Star19d agoWhole story →EconomyEducationfederal scholarship tax credit program rollout
A new federal voucher could help public schoolsThe new scholarship tax credit program could help public school families pay for some educational services, but advocates worry it could do more harm than good.NPR5d agoWhole story →EconomyEducation
Democratic governors face pressure to join federal tax credit scholarshipDemocratic governors face mounting pressure to join Trump's federal scholarship tax credit program as more than half of U.S. states opt in to the school choice initiative.Fox News15d agoWhole story →EconomyEducationKathy HochulDonald Trumpfederal scholarship tax credit rollout
Americans support the federal school choice scholarship, but will they use it?Low awareness of the new $1,700 federal K-12 scholarship tax credit threatens its success despite strong public and parental support.Washington Examiner1mo agoWhole story →EconomyEducationfederal school choice scholarship
Federal education tax credit raises questions for Texas schoolsA new federal education tax credit could cost the U.S. $26 billion by 2030, according to the U.S. Treasury Department.The Dallas Morning News19d agoWhole story →EconomyEducationfederal scholarship tax credit launch
Federal scholarship for private school, homeschooling opening in 30 statesThe Trump administration has proposed rules for a new federal scholarship program that launches at the start of next year.The Mercury News24d agoWhole story →EducationEconomyfederal scholarship tax credit launch
Steven F. Cheeseman: Federal scholarship program can help all Pa. familiesWhen people hear about the new Federal Scholarship Tax Credit, many assume the program is primarily about helping families afford private schools. Certainly, some Pennsylvania families will use scholarships that way, and for parents who believe a Catholic, Jewish or another nonpublic school is the right place for their child,Pittsburgh Tribune-Review14d agoWhole story →EconomyEducationfederal scholarship tax credit
