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Charleston Law Students Win 7th Consecutive National Tax Moot Court Competition

Post and Courier, Charleston School of Law Moot Court Team Defends its Dynasty With 7th National Title: To the uninitiated, tax moot court might sound like a bit of a snoozefest. Unlike the academic marathon of a spelling bee or the sassy courtroom repartee of "Judge Judy," deliberations over the...

Bee Q&A with Devin Nunes: The memo, school shootings, Valley water, tax reform, Trump

For more than a year, Rep. Devin Nunes’ name has been plastered across media reports and bandied about by politicians, activists, top law enforcement officials and the president of the … Click to Continue »

McCormack Presents America's (D)evolving Childcare Tax Laws Today At Duke

Shannon Weeks McCormack (University of Washington) presents America's (D)evolving Childcare Tax Laws at Duke today as part of its Tax Policy Workshop Series hosted by Lawrence Zelenak: Proponents have touted the ability of the Tax Cuts and Jobs Act (the TCJA) — enacted in the twilight of 2017 — to...

IRS Issues Guidance For Deducting Home Equity Loan Interest Under The New Tax Law

Taxpayers and tax professionals had questions about what the new tax law meant for homeowners with debt. Today, the Internal Revenue Service (IRS) finally issued guidance concerning deducting interest paid on home equity loans.

Idaho Tax Reform Bill Advances

Like most states, Idaho anticipates increased revenue under the new federal tax law, which broadens the state’s tax base. States effectively have three options: (1) do nothing and keep the money; (2) decouple or otherwise tinker with their codes to return the windfall to the taxpayers; or (3) conform with the changes while returning the […]

Disney World union accuses Disney of taking hostage $1,000 bonuses from the Trump tax cut

A union representing employees of Walt Disney World is accusing Disney of withholding $1,000 bonuses the company is offering as a result of the GOP tax law. Union members voted against a $0.50 per-hour pay increase in December and now...Show More Summary

HP Earnings: What to Watch

HP Inc. is scheduled to report fiscal first-quarter results Thursday. Investors will watch for news on the company’s share of the personal-computer market, its printer business and effects of the new tax law.

NY Times: Tax Overhaul Gains Public Support, Buoying Republicans

New York Times, Tax Overhaul Gains Public Support, Buoying Republicans: The tax overhaul that President Trump signed into law now has more supporters than opponents, buoying Republican hopes for this year’s congressional elections. The growing public support for the law coincides with an eroding Democratic lead when voters are asked...

People Are Starting to Realize the GOP Tax Bill Was a Massive Scam

Richer residents are seeing benefits, while most others are missing out. President Donald Trump and the Republicans sold their slapdash effort at tax reform as a boon to the middle class. As the law goes into effect, however, new polling suggests that most Americans are struggling to see any benefit at all in their paychecks. Show More Summary

Disney Inadvertently Exposes Trump's Tax Cut for the Scam It's Been from the Start

A new complaint claims the House of Mouse is holding its $1,000 bonuses hostage. When Donald Trump signed the Tax Cuts and Jobs Act into law, he touted the legislation as a financial boon for American labor. As recently as January, Trump...Show More Summary

Proposition 13 rollback pushing to make ballot

If approved, new law would split Prop 13, keeping shelters for taxes on residential buildings, but allowing for tax hikes of other properties The California Attorney General’s Office released on Tuesday its summary of a proposed state...Show More Summary

Politico: Democrats Starting to Panic Over Congressional Polling

The Democrats thought they could avoid running on their agenda and just run against Trump. With Trump's numbers and the GOP's numbers improving -- and a majority now approving of the tax cut law -- the Democrats might have to...

Americans are starting to love the GOP tax law — and they haven't even noticed its benefits

45% of people surveyed in a new Morning Consult/Politico poll said they support the GOP tax law, while only 35% opposed the law. But 51% of people said they had not yet received a paycheck increase from the law compared to 25% of people...Show More Summary

Making Life Difficult for Taxpayers: Another Congressional “Accomplishment”

Friday a week ago the legislation to keep the federal government operating became law. But that legislation did much more. Among other things, it restored some tax deductions and credits that had expired more than a year ago. What does this mean in practice? It means that tax forms already prepared, printed, and made available online are incorrect. Show More Summary

Most Haven’t Noticed Bigger Paychecks After Tax Cut

A new Politico/Morning Consult poll finds just 25% say they have noticed an increase in their paycheck due to the new tax law, while 51% say they have not. Interesting: Self-identified Republicans are more likely to say they have seen [...]

NYT/Survey Monkey Poll: Nation Now Supports Republican Tax Reform Law

Recovery Summer-- this time for real. Support is at 51% overall (up from 37% in December), 89% among Republicans and 19% among Democrats. Trump recently touted a poll from last week or so, showing Republicans now with a three point....

Pelosi Pummeled As A Majority Of Americans Now Support Trump Tax Cuts

For the first time since President Trump signed it into law late last year, the Republican tax-reform plan has more supporters than opponents, according to the New York Times. The law's increasing popularity, which is likely tied toShow More Summary

CHANGE: Most Americans now support GOP tax law. More money in your pocket will do that — money t…

CHANGE: Most Americans now support GOP tax law. More money in your pocket will do that — money that the Democrats either voted against, derided as “crumbs,” or both.

WSJ: The New Tax Law Makes Analyzing Corporate Earnings Trickier

Wall Street Journal, The Tax Law Is About to Make Analyzing Earnings Trickier: The new U.S. tax law could throw a monkey wrench into a method many analysts and investors use to gauge the strength of companies’ earnings. A provision of the tax overhaul enacted in December assesses a one-time...

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