Tax

California Approves Budget with Spending Cuts and Temporary Tax Hikes to Address $46.8 Billion Shortfall

In response to an anticipated $46.8 billion budget shortfall, California lawmakers approved a budget on Wednesday that reduces spending and temporarily raises taxes on...

Danish Farmers to be Taxed for Livestock Emissions

The Danish government introduced a carbon tax that penalizes farmers for livestock emissions.

Seniors Face Drug Cost Increase While Biden Admin Gives Billions to China for EVs

The Biden administration's recent policy decisions have sparked significant debate, particularly its repeal of the Trump-era drug rebate rule and substantial funding for Chinese electric vehicles (EVs). 

Hunter Biden Law License is Suspended

Hunter Biden's law license in Washington, D.C., has been suspended following his recent guilty verdict on federal gun charges. 

U.K. Taxpayer-Funded Research to Assess ‘Political Nature’ of Milk

The Arts and Humanities Research Council in Great Britain is using taxpayer dollars to fund research to assess whether milk has a "political nature."

Maine Creating LGBTQ-Only Housing

Portland, Maine, is developing a housing complex specifically for LGBTQ-identifying individuals.

Republicans File Bill Making Tips Exempt from Federal Taxes

Republican Representatives Thomas Massie (KY) and Matt Gaetz (FL) introduced a bill that seeks to exempt tips from federal taxes.

Leading Democratic Power Broker Faces Racketeering Charges

Along with five other defendants, George E. Norcross III, a former influential Democratic kingmaker in New Jersey, was charged with racketeering on Monday. The group...

House Committee Blocks State Dept. Funding for Nonprofit’s ‘Enemies of Ukraine’ List

The House Appropriations Committee passed a measure that blocks State Department funding for a nonprofit organization that charges Americans with being "opponents of aid to Ukraine."

California Committee Approves Reparations Bill

A California State Legislature committee has approved a reparations bill that could cost $800 billion.

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