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Inflation Reduction Act Direct Pay and Transfer Pre-Filing Registration Is Open for Business | Holland & Knight LLP

The IRS launched its Inflation Reduction Act (IRA) Pre-Filing Registration Tool in late 2023 for elective (direct) payments under Section 6417 and tax credit transfers under Section. ....

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Tax deal likely much more expensive than official estimate, experts warn

A tax deal that includes business deductions and a bump in the child tax credit could come to a vote in the House as soon as this week. But the deal’s $78 billion price tag, which is covered by the cancellation of a different business tax credit, likely obscures the bill’s true cost in the… ....

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Consumer spending flat in February – NAB

The flat outcome for February implies a soft outcome for real consumption, expert says ....

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CNN Early Start With Christine Romans and Laura Jarrett October 27, 2021 09:31:00

It s 30 minutes past the hour here in new york. so, will democrats tax the rich? as democrats inch closer to a deal on president biden s social spending plan, it appears lawmakers finally have a way to pay for it. senate democrats are proposing a new corporate minimum tax rate. it would apply to about 200 companies that report over a billion dollars a year in profits to shareholders. this minimum tax on profits would be 15% and would have some carveouts to preserve business credits for things like research and development, clean energy, and housing. but maybe the most important thing, the white house and two key votes here, senators joe manchin and kyrsten sinema are all on board. but, of course, there are some issues here to resolve. medicare and medicaid, paid family leave, immigration and taxes. and the exact timing of this vote. so, can it all get done possibly through to a vote before president biden heads to europe tomorrow? joining me now, cnn politics senior writer zack wolf. ....

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Detailed text transcripts for TV channel - MSNBC - 20120526:17:18:00

So-called taxmaggedo could happen. specifically for folks who have not been following this story, what are the programs that could lead to the so-called fiscal cliff? a slew of things are all set to hit at the same time. the bush tax cuts, enacted in 2001 and 2003, basically are benefiting every taxpayer, are set to exspire at the end of december. president obama s payroll tax holiday is also set to expire at the end of december. and then you ve got a bunch of other things, various business credits, deductibility of tax cuts are set to expire at the end of december. and then you have spending cuts approved as part of the deal to raise the debt limit last ....

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