Democrats Prepare to Direct Fire at the GOP Tax Bill
Michael Rainey
Democrats take control of the House on January 3 and are already planning their attack on the year-old Republican tax bill.
Rep. Richard Neal (D-MA), incoming chair of the tax-writing House Ways and Means Committee, plans to hold hearings on the legislation. And CNBC’s Ylan Mui says that Democratic lawmakers will focus on two specific lines of attack against the tax overhaul: U.S. corporations that have laid off workers after receiving substantial tax cut windfalls, and blue states hit hard by changes to the state and local tax (SALT) deduction rules.
General Motors, which announced plans to lay off 15,000 workers and close plants in the U.S., and AT&T, which received an estimated $3 billion in tax benefits and is laying off more than 7,000 workers, are two likely targets.
Conservatives are preparing for battle, as well. Anti-tax advocacy group Americans for Tax Reform plans to launch a campaign to defend the reduction of the top corporate tax rate to 21 percent. "Taxpayers and taxpayer-friendly elected officials now must defend 21 percent as a bright line in the sand that cannot be crossed,” said Grover Norquist, the group's president.
A photographer who worked for Megan Thee Stallion said in a lawsuit filed Tuesday that he was forced to watch her have sex, was unfairly fired soon after and was abused as her employee. In the suit filed in Los Angeles Superior Court, Emilio Garcia said that after a night out in 2022 in Ibiza, Spain, he was in an SUV with the hip-hop star when she began having sex with another woman right next to him. Alex Spiro, Megan's lawyer, said she would fight the lawsuit in court.
Hezbollah has launched a series of drone strikes against Israeli military bases, in its deepest attack inside Israel since the start of the war in Gaza.
The Residences At W Sentosa Cove sold 65 units in one week. Which buyers drove the sales of this ultra luxury condo the most? We analysed the Singapore Property Demand Index to gauge the latest consumer interest in the property.
At least two people were killed in a road traffic accident involving multiple vehicles at the junction of Tampines Avenue 1 and Tampines Avenue 4. Read on.
As Leicester City close in on an immediate return to the Premier League, the uncomfortable question looms large: is this the end of the fairy tale for Jamie Vardy?
Before we find fault with Manchester United after reaching the FA Cup final, and there is plenty of it to go around, it is worth considering what would constitute an appropriate response to winning a penalty shoot-out in a match they had deserved to lose?
Two Malaysian military helicopters collided midair and crashed during a training session on Tuesday, killing all 10 people on board and injuring a swimmer in a pool, authorities said. The helicopters were rehearsing at a naval base in northern Perak state for the navy’s 90th anniversary celebration when the accident occurred, the navy said in a brief statement. A video circulating on social media purported to be of the incident shows several helicopters flying low in a formation.
There is still a say for Arsenal in what could yet be the best Premier League title race in years and that it was built upon the ruins of what was supposed to be the new Chelsea, will only sharpen the appetite of Mikel Arteta’s players.
Victor J. Blue/ReutersOpening statements had not yet begun on Monday when former President Donald Trump dozed off for the first time.He quickly opened his eyes when defense attorney Todd Blanche slid him a note, as prosecutors prepared to kick off opening arguments in the historic trial, which hinges on accusations that the former president falsified business records over a $130,000 hush-money payment to porn star Stormy Daniels in an effort to keep her quiet as the 2016 presidential election lo