Tag: Government taxation and revenue

Trump Signs The Johnson Amendment Religious-Liberty Executive Order

President Donald Trump on Thursday signed an executive order that loosens the restrictions on political activity for religious groups. “We will not allow people of faith to be targeted, bullied, or silenced anymore, and we will never ever stand for religious discrimination,” Trump said in the White House Rose Garden. “No American should be forced…

Trump To Propose Cutting Corporate Tax Rate To 15 Percent

On Wednesday, President Trump will announce his plan to overhaul the tax code, including his proposal to cut the corporate tax rate from 35 percent to 15 percent, White House officials told The Washington Post on Monday. Independent analysts have estimated a cut this severe could cost the federal government $2.4 trillion over 10 years,…

Jared Kushner Omitted Russia Meetings on Security Forms

President Trump’s son-in-law, Jared Kushner, is reported to have omitted dozens of contacts with foreign officials and leaders in recent months on his top-secret security-clearance application form. In order to get clearance, Kushner, according to The New York Times, was required to note all such encounters with foreign governments over the past seven years, but…

President Trump’s Company Pursues Second Washington Hotel

President Trump’s company is actively seeking to open a second Washington hotel as part of a planned nationwide expansion, potentially creating another venue where he stands to benefit financially from customers doing business in the nation’s capital. Representatives of the Trump Organization, now run by the president’s adult sons, have inquired in recent months about…

Trump Ultimatum To GOP: Pass Health Care or Else

President Trump has urged a vote on the American Health Care Act on Friday after the vote was postponed Thursday due to a lack of sufficient support to pass it. According to The Washington Post, Trump delivered an ultimatum: Pass the bill or he will move on from the repeal-and-replace cause. House Speaker Paul Ryan…

GOP Struggles To Secure Votes On Health Bill

Republicans say they still plan to put the American Health Care Act up for a vote on Thursday, even as the White House and House Republican leaders continue to work to whip up enough votes to ensure passage. Late Wednesday, the White House and the conservative House Freedom Caucus reportedly reached a deal to strike…

John Oliver Rips Trumpcare: ‘People Are Going To Be Hurt By This Bill’

John Oliver ripped apart the latest healthcare reform, referring to it as “shitty Obamacare”. He then proceed to exposes the American Health Care Act, championed by the House speaker, Paul Ryan, saying: “You may not have wanted it, it looks awful, but it’s here anyway” which he likened to “Pirates of the Caribbean 5: The…

Chaffetz: Americans May Need To Choose Healthcare Over New iPhones

GOPer Rep. Jason Chaffetz said to CNN on Tuesday that some Americans regarding to their healthcare choice may come down to buying a new iPhone or paying for medical coverage. “You know what, Americans have choices. And they’ve got to make a choice,” said Chaffet. “And so maybe, rather than getting that new iPhone that…

229 Republicans Vote to Hide Trump’s Tax Returns [VIDEO]

House Republicans voted en masse to block a resolution that would have forced Trump to turn his tax returns over to Congress on Monday night. The measure was introduced by Rep. Bill Pascrell (D-NJ), a member of the House Ways and Means Committee. Under a 1924 law, the Ways and Means Committee is empowered to…

Read the Entire Text of President Donald Trump’s Speech to Congress

President Donald Trump addressed both houses of Congress Tuesday night. You can read his speech as provided by the White House below: Mr. Speaker, Mr. Vice President, Members of Congress, the First Lady of the United States, and Citizens of America: Tonight, as we mark the conclusion of our celebration of Black History Month, we…

Senate Expected To Confirm Steven Mnuchin As Treasury Secretary

On Monday, the Senate is expected to confirm two of President Trump’s Cabinet nominees, Steven Mnuchin as treasury secretary and David Shulkin to head the Department of Veteran Affairs. The vote on Mnuchin, a former top Goldman Sachs executive and Hollywood financier, will be much closer than Shulkin’s confirmation. Republicans argue that Mnuchin is well-qualified…

Trump: I Will ‘Destroy’ Johnson Amendment [VIDEO]

After asking prayer for Arnold Schwarzenegger’s Apprentice ratings this morning at the National Prayer Breakfast Trump declared that religious freedom is “under threat,” He vowed to repeal an IRS rule that says pastors who endorse candidates from the pulpit risk losing their tax-exempt status. “I will get rid of and totally destroy the Johnson Amendment…

American Automakers To Meet With Trump Tuesday

President Donald Trump meets Tuesday with the CEOs of General Motors, Ford, and Chrysler in the Oval Office. “I want new plants to be built here for cars sold here!” Trump tweeted Tuesday. Trump made a point on the campaign trail of slamming American automakers for importing cars from Mexico and vowed a border tax…

Former IRS Commissioner To Testify On Capitol Hill

The Senate Finance Committee has launched an investigation into the improper targeting of Tea Party groups Lawmakers are getting their first chance to question the former head of the Internal Revenue Service, the man who ran the agency when agents were improperly targeting tea party groups. Some of the questions on Tuesday will be direct:…

Obama Signs Order To Begin $85B In Sequester Spending

President Obama on Friday signed an order that starts putting into effect across-the-board budget cuts known as the “sequester” after he and congressional leaders failed to find an alternative budget plan. The President, after an Oval Office meeting with the lawmakers, called the cuts “just dumb.” He said they would slow the economic recovery and…

Depardieu, In Tax Fight, Gets Russian Citizenship

Bad news if you want to be adopted by an American couple, Gerard. Russian president Vladimir Putin announced Thursday that actor Gerard Depardieu had been given Russian citizenship. The actor moved to Belgium in December to avoid paying France’s high tax rates, which almost went up to 75 percent for the country’s richest citizens. ITV