tax breaks for gifts to grandkids Headlines

  • Flush from end of bailout, Greek PM announces tax breaks

    THESSALONIKI, Greece, Sept 8 (Reuters) - Greek Prime Minister Alexis Tsipras on Saturday unveiled plans for tax cuts and pledged spending to heal years of...

    Mail Online
  • Senate bid: Bredesen tax break; Blackburn undisclosed credit

    Democratic U.S. Senate candidate Phil Bredesen has written his city a six-figure check and removed his properties from a state tax break program that provided him $520,600 in property tax breaks since 2011 for producing hay.

  • Property tax break helped Chicago and Emanuel, but hurt some suburbs

    When state lawmakers pushed through a trio of tax breaks in spring 2017, the idea was to ease some of the financial pain caused by Mayor Rahm Emanuel’s series of major property tax hikes on Chicago homeowners, especially senior citizens. The changes, however, also had an unintended consequence:...
  • Amazon isn’t the only tech company getting tax breaks

    Amazon has a big target on its back these days, and because of its size, scope and impact on local business, critics are right to look closely at tax breaks and other subsidies they receive. There is nothing wrong with digging into these breaks to see if they reach the goals governments set in terms […]

  • Trump administration rejects efforts to save your property tax break

    Treasury officials said states could not use charitable funds to get around the new cap on deducting property taxes. WASHINGTON -- The Trump administration on Thursday rejected attempts by New Jersey and other high-tax states to get around the federal cap on deducting state and local taxes by setting up charitable funds. The Treasury Department proposed a rule that limited the total amount that could be claimed if taxpayers donated to a charitable fund in lieu of...
  • New deficit numbers shred Republican taking points on tax breaks

    Republicans said their tax breaks would pay for themselves. New data on the budget deficit shows how spectacularly wrong they were.

  • New deficit numbers shred Republican talking points on tax breaks

    Republicans said their tax breaks would pay for themselves. New data on the budget deficit shows how spectacularly wrong they were.

  • Did Trump law limiting your property tax break hurt Jersey's middle class the most?

    Setting a $10,000 cap on state and local tax deductions hits the wealthy hard. But it affects many in the middle class. Watch video WASHINGTON -- When pushing for limiting how much you can deduct for state and local taxes on your federal income taxes, Republican lawmakers argued that such breaks were unfair because they subsidized the super rich -- especially in states like New Jersey. But new statistics show the impact of the tax law signed by...
  • Protests, apologies after Camden CEO with $260M tax break calls locals 'lazy'

    Congressman Donald Norcross was also criticized after comparing Camden workers to children. Watch video Fallout from public comments from a local CEO disparaging Camden workers as "lazy" continued to reverberate across the town Friday. Dueling news conferences were held across the city by protesters and local officials. Both gatherings largely criticized what Holtec CEO Kris Singh said in published reports earlier this week that Camden workers,...
  • Democratic Socialist Alexandria Ocasio-Cortez Doesn't Seem to Know How Tax Breaks Work

    In one tweet, we see inside the mind of democratic socialists. The post Democratic Socialist Alexandria Ocasio-Cortez Doesn’t Seem to Know How Tax Breaks Work appeared first on RedState.

  • N.J. Democrats vow to fight Trump administration to save property tax break

    Gov. Phil Murphy and Democratic legislative leaders say they won't back down after IRS issues proposed rules blocking the state's property tax deduction workaround. Gov. Phil Murphy and New Jersey's Democrat legislative leaders said Friday they are undeterred by proposed IRS regulations that would kneecap efforts to circumvent a new $10,000 limit on state and local tax deductions, and vowed to keep fighting. "Fairness is worth fighting for," Murphy said, flanked by...
  • Push to extend Trump law cutting your property tax break could slam N.J. Republicans

    President Donald Trump's tax law is unpopular. Republicans want to extend it any way. Watch video WASHINGTON -- House Republicans want to permanently shrink your property tax break, and that could make it it even harder for GOP congressional candidates running uphill in New Jersey's midterm elections. The House Ways and Means Committee rekindled the debate over the unpopular Republican tax law as committee Republicans voted to extend provisions now...
  • Trump cites economy in freezing federal worker pay, but corporations still get their giant tax break

    Donald Trump announced Thursday that he’s freezing federal worker pay increases for 2019, citing the power to do so “if, because of ‘national emergency or serious economic conditions affecting the general welfare,’ I view the increases that would otherwise take effect as inappropriate.” What national emergency or serious economic conditions affecting the general welfare is Trump talking about, exactly, considering how much time he spends bragging about the economy? Well, the letter specifies...
  • Fact check: Ted Cruz claims Beto O'Rourke voted against tax breaks for Hurricane Harvey victims

    The senator's Democratic challenger did vote against a hurricane relief bill. But years ago, so did Cruz.

    NBC News
  • Bernie Bashes U.S.: 'We Go Bomb Houses and Buses of Children, and We Give Tax Breaks to Billionaires'

    Sen. Bernie Sanders (I., Vt.) joked during an interview with Sarah Silverman released Thursday that the United States kills children and destroys homes, but at least its senators don’t swear.

    Washington Free Beacon
  • CEO of N.J. firm given $260M in tax breaks trashes local workers as lazy, drug-users

    "They don't show up to work," the CEO said. "They can't stand getting up in the morning and coming to work every single day. ... Some of them get into drugs and things." A day after the chief executive of one of Camden's largest employers was quoted griping about the local workforce, the city's mayor demanded an apology over the remarks he said played to "outrageous stereotyping" of residents. In an interview with business publication ROI-NJ, Holtec CEO Krishna P....
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  • Ted Cruz says Beto O’Rourke voted against Harvey tax breaks. O’Rourke says there’s more to the story.

    A new attack ad from U.S. Sen. Ted Cruz’s Senate campaign knocks U.S. Rep. Beto O’Rourke, D-El Paso, for voting against tax relief for Hurricane Harvey victims last year. While the vote did happen, the bill was part of broader negotiations that O’Rourke said at the time prompted his vote against it. Here’s a deeper look at the bill at the center of Cruz’s attack and O’Rourke’s defense of his “no” vote. Cruz’s attack The …

    Raw Story