On Marijuana Tax, Colorado Asks: What’s Too High? If marijuana is legalized and properly regulated, its proponents have long said, it could generate millions of dollars in state tax revenue. But how the drug should be taxed has proved to be a thorny question. More
Senate planning vote on Internet sales tax bill The days of tax-free online shopping could finally be numbered. The Senate is planning to vote on a bill as soon as Monday that would give states the authority to collect sales taxes on all Internet purchases, handing local governments as much as $11 billion per year in added revenue that they are legally owed — but that hasn’t been paid to them for years. More
Where do more tax cheats live? South and West, IRS study shows Worried the Internal Revenue Service might target you for an audit? You probably should be if you own a small business in one of the wealthy suburbs of Los Angeles. You might also be wary if you're a small-business owner in one of dozens of communities near San Francisco, Houston, Atlanta or the District of Columbia. More
Obamas paid $112,000 in taxes in 2012 President Obama and first lady Michelle Obama paid more than $112,000 in taxes in 2012, an effective federal income tax rate of more than 18% for 2012, according to the White House. The Obamas and Vice President Biden and his wife released their tax returns Friday, three days before the April 15 tax filing deadline. More
Former President Donald Trump railed against the gag order Judge Juan Merchan put in place that bars Trump from talking about witnesses, jurors, prosecutors' staff, court staff and the family members of court staff and prosecutors.
House Speaker Mike Johnson speaks to reporters after a bipartisan group of lawmakers voted to advance a bill that provides aid to Ukraine and Israel. Several hardline Republicans, including Marjorie Taylor Greene, were opposed to the bill. Republicans may move to oust him as House Speaker for allowing the vote.
Another prospective alternate juror in former President Donald Trump's hush money trial is excused after saying she couldn't serve and starting to cry. CNN's Kristen Holmes reports.
Republican voters should be absolutely furious with their elected leaders.
As I wrote in 2013 on the fight over Obamacare:
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“Speaker Mike Johnson’s sudden bid to deliver aid to Ukraine came days after fresh intelligence described the U. S. ally at a true make-or-break moment in its war with Russia,” Politico reports.
“It was exactly the kind of dire assessment that President Joe Biden and the White House had spent months privately warning Johnson was inevitable.”
“The Biden administration is considering more than $1 billion in new weapons deals for Israel including tank ammunition, military vehicles and mortar rounds, U. S. officials said, at a time of heightened scrutiny of the use of American-made weapons in the war in Gaza,” the Wall Street Journal reports.
“The proposed weapons transfers—which would be in addition to those in a military aid deal currently before the Congress—would be among the largest to Israel since it invaded Gaza in response to Hamas’s attack that killed 1,200 people, mostly civilians, on Oct.