The 1% are Paying Slightly Less Tax Than They Owe!

An interesting but rather misleading report from a Biden Treasury official.

Capitol Riots Caused $1.5 Million Damage

Prosecutors want rioters to pay for it.

Trump Campaign-Russian Intelligence Link Definitively Established

RussiaGate is back in the news but the story is unlikely to move the needle.

I love taxes police money Euros I love taxes police money Euros

A W-2 for Business Income

An interesting proposal to improve tax collection.

NY Post Agitprop

Rudy Giuliani and a hack tabloid are trying to revive the Burisma story.

Justice Department Prosecuting Russian Interference

A pleasant surprise.

Trump Bans ‘Critical Race Theory’ in Federal Training

As Election Day draws closer, the President is doubling down on stoking racial resentment.

Famous People Got Loans!

The Paycheck Protection Program protected some interesting paychecks.

President Donald J. Trump is seen on a cellphone screen as he addresses his remarks at a White House Coronavirus Taskforce update briefing Monday, March 9, 2020, in the James S. Brady Press Briefing Room of the White House. (Official White House Photo by D. Myles Cullen) President Donald J. Trump is seen on a cellphone screen as he addresses his remarks at a White House Coronavirus Taskforce update briefing Monday, March 9, 2020, in the James S. Brady Press Briefing Room of the White House. (Official White House Photo by D. Myles Cullen)

NSC Sounded Coronavirus Alarm But Was Ignored

Political considerations overruled warnings from national security and health professionals.

$2 Trillion Relief Deal Reached

Finally.

Trump Speaks on Coronavirus…

…and confusion (and a further market tumble) ensues.

tax taxes pig piggybank dollar signs chalkboard tax taxes pig piggybank dollar signs chalkboard

No, The Republican Tax Cuts Aren’t ‘Paying For Themselves’

Contrary to the promises of December 2017, the Republican tax cuts are not paying for themselves. Instead, they are helping lead us to trillion-dollar deficits.

Trump’s Bizarre, Unhinged Letter to Erdogan

There’s no rational explanation for this.

Yes, More Problematic Communications from Trump

Not surprisingly, there are other phone call transcripts and other communications that further complicate Trump’s position.

Welcome Back To The World Of Trillion-Dollar Deficits

As predicted, the Federal Budget Deficit has crossed the threshold back into the world of trillion-dollar deficits. This is all due to the hypocrisy of Republicans and so-called conservatives.

Budget Deficit Growing Faster Than Expected, CBO Reports

Thanks for nothing, Republicans.

Trump Delays Tariffs On Chinese Consumer Goods

President Trump is delaying implementation of his recently announced tariffs on Chinese goods.

Budget Deficit Sets Another Record Under Trump, Heads Toward $1 Trillion

The Federal Budget Deficit rose 27% in July, putting it on course for the $1 trillion by the end of September.

California Lawmakers Pass Bill Requiring Candidates To Release Tax Returns

California’s legislature has passed a law purporting to require candidates for President to release copies of their tax returns, but it’s likely to face legal challenges if it becomes law.

Raise The Debt Ceiling? Let’s Eliminate It Instead

The Trump Administration is warning Congress that we will need to raise the debt ceiling by September. Congress should take this as an opportunity to eliminate it entirely.

Federal Budget Deficit Near $750 Billion For First Three-Fourths Of Fiscal Year

The Federal Budget Deficit passed the $700 Billion mark with three months still to go in the Fiscal Year.

Biden Exploited Tax Loophole on Book Income

President Obama wanted to end it but his former VP used it to his advantage.

House Committee Sues Mnuchin For Trump Tax Returns

As expected, the House Ways & Means Committee is suing Treasury Secretary Mnuchin over his refusal to provide the committee with copies of the President’s tax returns.

Trump Imposes New Sanctions On Iran. They Won’t Work.

The Trump Administration unveiled new sanctions against Iran yesterday. They’re unlikely to accomplish the entirely unrealistic goals the President claims to have in mind.

Justice Department Legal Arguments For Withholding Trump Tax Returns Lack Merit

The Justice Department has released a memo attempting to justify the Administration’s refusal to comply with a subpoena for the President;’s tax returns. Their argument is weak to say the least.