Congress changed the tax system to benefit companies with overseas operations but failed to help Americans actually living abroad, who still face punitive taxation.
About 1 in 20 taxpayers may fill out this part of their returns beginning with the 2018 tax year.
Sean Locke Photography/Shutterstock.com
New York, California and other high-tax states are angling to use the charitable deduction and state payroll taxes as workarounds to shield both their residents and their revenue.
There are signs that non-rich Americans are growing less tolerant of tax cuts that mainly boost the wealthy’s bottom line.
Reuters//Eduardo Munoz
Giving could decline by $21 billion or more per year.
The Arctic National Wildlife Refuge is home to a great diversity of wildlife – one reason environmentalists oppose oil and gas drilling.
US Fish and Wildlife Service
Alaska and oil proponents are cheering a move to open up an ecologically sensitive part of the Arctic National Wildlife Refuge to drilling – a position environment supporters can’t abide.
A big part of that check is being drawn from middle-class accounts.
AP Photo/Jacquelyn Martin
The American middle class has been on a rocky ride during the 20th century, surging after World War II but falling since the 1980s. The Republican tax plan may be its death knell.
Just a little obstruction at the Senate.
Reuters/Jonathan Ernst
Daniel Wirls, University of California, Santa Cruz
Republicans were able to push through a tax plan and a flurry of judicial nominees after the Senate curtailed use of the filibuster. It’s time to go all the way.
Sen. Chuck Grassley recently seemed to suggest some poor people spend all their money on “booze or women or movies.”
AP Photo/Charlie Neibergall