tax credits

Republicans OK With Raising Taxes, but Only When It Hurts Obamacare

Republicans OK With Raising Taxes, but Only When It Hurts Obamacare
Alabama Attorney General Luther Strange took to Facebook yesterday and bragged about his role in a federal appeals' court decision in Halbig vs Burwell. This is the case that attempts to end ACA tax credits for families in states that participate in the federal marketplace — a group that includes Alabama. When families lose those credits, their federal tax bills will rise. Mark your calendar, because this is surely an enormous reversal of the long-time GOP mantra of "no taxes, no where, no how."
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Food Stamps Mean Vacations in Barbados: The Right Wing Welfare Fantasy

Food Stamps Mean Vacations in Barbados: The Right Wing Welfare Fantasy
There are many myths perpetuated and consumed by the extreme Right on any number of issues, but perhaps none as vitriolic as those spread about government assistance to the poor. Why are welfare and food stamps so vilified by GOP and its voting base?
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Students: Stay in MN After School and Receive $4,000 Tax Credit

The bill gives former Minnesota students a tax credit of up to $4,000 a year as long as they continue to work in Minnesota. The offer is only good for students who attended a public postsecondary school in Minnesota.
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IRS Wins Big Tax Ruling Against Bank of New York Mellon

IRS Wins Big Tax Ruling Against Bank of New York Mellon
A federal tax court judge Monday ruled that the Bank of New York Mellon had improperly claimed foreign tax credits through a complex deal arranged by Barclays. In the wake of the ruling, BNY Mellon said it will take a charge of $850 million but also said it would appeal.
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