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Child Tax Credit: Families get their last payment as its future remains uncertain

The IRS is delivering the last monthly Child Tax Credit payment Wednesday.

United statesInstitute for taxationEconomic committeeAmerican rescue planBuild back betterChild tax creditDon beyerJoint economic committeeJoe manchinBuild back better actChild povertyTreasury departmentTax creditAlex wongEligible families

Phoenix Area Renters Struggle While Cities Collect Higher Taxes

The city of Phoenix collected $6.1 million more in tax on residential rental properties as renters struggled between 2018 and 2020.

United statesCity of glendaleHuachuca cityLitchfield parkSierra vistaKen volkKarla popeCourtney levinusVicki riosZee peraltaMichelle richardsonAmber williamsonCarl davisDarin mitchellDan wilsonKevin christopher

Republicans Who Backed Trump Tax Cuts Now Accuse Dems of Slashing Taxes for Rich

New Republican ads attack Democrats on Build Back Better which will actually raise taxes on wealthiest Americans.

New yorkUnited statesNew jerseyRon wydenJon testerElizabeth warrenJosh gottheimerNancy pelosiKyrsten sinemaMichael bennetBob menendezTom suozziSteve wamhoffJason smithRick scottBernie sanders

SALT Cap: Democrats are reportedly on the verge of passing a massive tax cut for the rich

Only people who use Congress math would think this makes sense.

New yorkUnited statesNew jerseyBob menendezDonald trumpJosh gottheimerBernie sandersInstitute for taxationTax policy centerBuild back better actPresident bidenResponsible federal budgetWall streetersRichard rubinWall street journalEconomic policy

U S Treasury amends proposal to monitor bank accounts and report to IRS, raising threshold to $10,000

The administration now proposes to ask banks to report account information only for accounts with $10,000 or more in transfers.

United statesWhite houseDistrict of columbiaJanet yellenPrager metisMartin davidoffSteve wamhoffKostelanetz finkJohn kinsellaNorah odonnellMegan brackneyRevenue serviceInstitute for taxationAmerican bankers associationInternal revenue serviceTreasury secretary janet yellen

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