Today's News about Tax Issues
Tax Hikes are the Wrong Way to Fund Roads and Bridges
Source: Americans for Prosperity
May 1, 2019
“If Congress wants to find money to modernize our roads and bridges, we encourage them to look to their own pockets – Americans have been filling them up for years. Instead of proposing a $2 trillion catch-all ‘infrastructure’ bill and asking hard-working Americans to fund it by paying more at the pump, Washington lawmakers should cut the red tape and stop wasting the tax dollars we give them.”
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Food Retailers Advocate on Tax Reform and Payments with Lawmakers
Source: Food Marketing Institute
May 1, 2019
Grocers and food industry executives will advocate for bipartisan support on “Restoring Investment in Improvements Act” (H.R. 1869 and S. 803), the importance of tax rate reductions and making them permanent, as well as the need to make the payments marketplace more competitive and secure for consumers, merchants, issuing banks and the economy. Attendees will also hear remarks from Deputy Secretary of Treasury, Justin Muzinich, who advised the Secretary on the recent tax reform legislation.
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REPRESENTATIVE MALINOWSKI DEMANDS HOUSE LEADERSHIP PRIORITIZE RESTORING FULL SALT DEDUCTION
Source: Tom Malinowsky (D-NJ, 7th)
May 1, 2019
The letter, sent to Speaker of the House Nancy Pelosi and House Minority Leader Kevin McCarthy, outlines the burden the cap placed upon the American middle class. The 2017 GOP tax bill directly targeted states like New Jersey and led to the double-taxing of millions of Americans. According to the IRS there are 860,000 middle class households in New Jersey alone that are directly harmed.
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