Some good arguments in support for estate tax going all the way back to Teddy Roosevelt thought that estate tax was a good method of taxation for creating revenue and equality. The opponents argue that this is money that has been taxed before and hurts business!
Taxes, fees, tarrifs, tolls, levies, bribes, tithes, tributes. Whatever we called them, taxes have been an unfortunate reality of life ever since the biggest monkey decided he wanted a piece of the smaller monkeys’ lunch. From that earliest protection racket, taxes have only gotten more codified and
Despite ongoing attacks from pro-business Republicans, there is data indicating that President Obama has a sterling, possibly incomparable, record regarding economic growth policies. The reports states that economic performance is directly related to policies enacted by the president and Obama deserves all the credit for that.
“I have nothing to do with Russia,” Donald Trump bellowed to thousands of frenzied supporters at a Tampa, Florida rally last October. The truth, it seems, is a bit more complicated. In an exclusive interview with FORBES, Emin Agalarov—a Russian pop singer, real estate mogul and son of one of the country’s richest people—described an ongoing relationship with the Trump family, including post-election contact with the president himself.
Donald Trump is one of the least charitable billionaires in the world. Eric Trump is far more altruistic. In a clash of values, the president directed hundreds of thousands of dollars from his son's kids-with-cancer foundation into his company coffers.
Think about this. The same congressional Republicans who over the previous eight years wanted everyone to believe they were fiscal conservatives hell-bent on balancing the budget and not increasing the national debt, sponsored, passed and then danced around the fire because of legislation that will result in a permanent $1 trillion deficit and a debt that will soar to close to 100 percent of GDP by 2028.
ُThink about why Trump is asking for rapid action on the 2019 appropriations: He wants even more spending. Even though his policies have spiked the annual budget deficit to a new normal of a $1 trillion (with $2 trillion definitely within view) and interest rates are now starting to go up in large part because of his out-of-sync-with-the-economy stimulative fiscal policy, Trump is demanding that federal spending and the government's red ink be increased even further.
Secretary of Commerce Wilbur Ross told federal ethics officials last November that he had gotten rid of all assets that he promised to divest. But he admitted that was not true in a new filing released Monday afternoon.
In the past few days, new economic reports have come out that don’t
paint a very rosy picture for a number of economic items. While GDP hit
4.1% for the June quarter, but only 2.9% year over year, and the unemployment rate is hovering at all-time lows, inflation continues to increase, real wages are stagnant and the federal budget deficit is ballooning
A multimillion-dollar lawsuit
has been quietly making its way through the New York State court system
over the last three years, pitting a private equity manager named David
Storper against his former boss: Secretary of Commerce Wilbur Ross. The
pair worked side by side for more than a decade, eventually at the
firm, WL Ross & Co.—where, Storper later alleged, Ross stole his
interests in a private equity fund, transferred them to himself, then
tried to cover it up with bogus paperwork.