Month: January 2023

Tax Notes Capitol Hill reporter Doug Sword discusses the latest national sales tax proposal in Congress, and contributing editor Robert Goulder shares his thoughts on the challenges of implementing the tax. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax
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With so much decor on the market and so many designers, finding something original is rare. It can be challenging to distinguish one brand or artist from the next, but designer Katie Kime has managed to create a truly unique line of decor featuring her sophisticated yet cheerful prints. The designer is perhaps best known
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In this article GM Follow your favorite stocksCREATE FREE ACCOUNT DETROIT — General Motors handily beat Wall Street’s top- and bottom-line expectations for the fourth quarter, while forecasting another solid year of results in 2023. The strong report suggests GM is hanging onto record, or near-record, results even as the U.S. automotive industry begins to
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In this article SPOT Follow your favorite stocksCREATE FREE ACCOUNT People exit the Spotify headquarters building in Lower Manhattan on January 23, 2023 in New York City. Eduardo MunozAlvarez | View Press | Corbis News | Getty Images Spotify shares popped as much as 10% Tuesday after the company reported fourth-quarter earnings that beat analysts’ expectations
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Households of color often find themselves in a tighter financial bind than is the case for white households. Black, Latino, many Asian households as well as households of other and multiple races and ethnicities tend to have fewer savings, while they face greater financial risks from unemployment, health emergencies, and widespread discrimination, among others. Squeezed
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The idea of a wealth tax as a panacea for budgetary shortfalls at the federal and state levels has been around since at least the 1930s. Recently, using wealth as a source of tax revenues has heated up. Starting with the 2020 Presidential campaign, Senator Bernie Sanders, Senator Elizabeth Warren and others floated the idea
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In this article UNH NXPI WHR Follow your favorite stocksCREATE FREE ACCOUNT An employee stands next to a Whirlpool washing machine inside a home appliances showroom in New Delhi. Anindito Mukherjee | Reuters Check out the companies making headlines after the bell:  NXP Semiconductors — Shares of NXP Semiconductors dropped 3% in extended trading after
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Thanks to some positive feedback on my recent piece, I have decided to dig deeper into the Fair Tax Act of 2023. The Reader’s Digest version of the act is that it eliminates federal corporate and individual income tax, payroll taxes that fund Social Security and Medicare, estate tax and gift tax. In their place
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Speaker of the House Kevin McCarthy, R-Calif., conducts a news conference in the U.S. Capitol’s Statuary Hall on Thursday, January 12, 2023. Tom Williams | CQ-Roll Call, Inc. | Getty Images Social Security and Medicare should be “completely off the table” when it comes to debt ceiling negotiations, House Speaker Kevin McCarthy said in a
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