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The cap on the deduction that taxpayers in high-tax states are able to take against their federal returns was set at $10,000 in the 2017 law and has been a concern for Republicans in high-tax ...
The Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, [2] Pub. L. 115–97 (text), is a congressional revenue act of the United States originally introduced in Congress as the Tax Cuts and Jobs Act (TCJA), [3] [4] that amended the Internal Revenue Code of 1986.
According to the Tax Foundation, Trump’s proposed tax cut would reduce tax revenue by about $1.4 trillion from 2025 to 2034, measured on a conventional basis.
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For the tax year 2013, some taxpayers experienced the first year-to-year income-tax rate increase since 1993, although the rate increase came about not as a result of the 2012 Act, but as a result of the expiration of the Bush tax cuts. The new rates for income, capital gains, estates, and the alternative minimum tax would be made permanent. [3 ...
The 118th United States Congress, which began on January 3, 2023, and will end on January 3, 2025, has enacted 191 public laws and zero private laws. [1] [2] [3]In contrast with previous Congresses, which generally enacted their first laws no later than January or February, the 118th Congress's first law was enacted on March 20. [4]
Senate passes funding bill, now headed to Biden. Congress reached a bipartisan, last-minute agreement to keep the government running 38 minutes after a midnight deadline for a partial shutdown ...
States like New York and Georgia are gaining share of the TV and film market, thanks to their own tax incentive programs, according to a 2021 report from FilmLA, a nonprofit organization helping ...