WASHINGTON — The Internal Revenue Service Wednesday announced the tax year 2023 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2022-38 provides details about these annual adjustments. New for 2023 The Inflation Reduction Act extended certain energy-related tax breaks and indexed for inflation […]
“Democrats should jump on this,” a pair of commentators argued in response to new comments from Republican megadonor Steve Wynn. Leaked audio obtained this week by Politico revealed that billionaire casino magnate and GOP megadonor Steve Wynn recently offered Republicans a bit of messaging advice as they attempt to win back control of the Senate: Amplify the lies […]
WASHINGTON — U.S. Senate Democrats, over uniform Republican opposition, Sunday approved sweeping legislation to combat climate change, trim health care costs and raise taxes on highly profitable corporations. The measure, a scaled-down version of President Joe Biden’s long-stalled economic legislative plan, was narrowly approved 51-50, with the tie-breaking vote cast by Vice President Kamala Harris after […]
“Our democracy is broken when one man who profits from the fossil fuel industry can defy the 81 million Americans who voted for Democrats to stop the climate crisis.” Sen. Joe Manchin of West Virginia informed Democratic leaders Thursday that he will not support any new climate spending or tax increases targeting the wealthy and large […]