Category Archives: Tax Reform

Individual Mandate Repeal in Latest Tax Bill Draft

Posted on November 15, 2017 by David Posnett

Author Shannon Muchmore @stmuchmore Published Nov. 15, 2017 Dive Brief: Republican leaders said Tuesday the latest version of their bill to overhaul the tax system would repeal the individual mandate in the Affordable Care Act (ACA). Sen. Orrin Hatch (R-Utah) … Continue reading →

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THE HOUSE TAX CUTS AND JOBS ACT, AMENDED (11/9/17): THE DYNAMIC EFFECT ON THE BUDGET AND THE ECONOMY

Posted on November 14, 2017 by David Posnett

November 13, 2017 REPORT BY THE PENN WHARTON BUDGET MODEL Key Points This brief reports Penn Wharton Budget Model’s (PWBM) dynamic analysis of The House Tax Cuts and Jobs Act (TCJA), as amended and reported out by the Ways and … Continue reading →

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Zeldin Squirming on Tax Bill

Posted on November 11, 2017 by David Posnett

http://us.pressfrom.com/news/politics/-88477-swing-seat-republicans-squirm-over-gop-tax-plan/ Submitted by a friend: Hear hear.  Let them persist ! I’m starting to really like Pete King.  The Senate tax bill is going to completely eliminate the property tax deduction and the state/local income tax deduction.  The House bill … Continue reading →

Posted in Tax Reform, Uncategorized, Zeldin | Tagged , , | 1 Comment

Gaming the Tax Plan in the Hamptons

Posted on November 10, 2017 by David Posnett

I guess this should be expected.  Even if you are not a 2nd home owner out here on the East End, the value of your home could decrease!   Thanks Mr. Trump & Mr. Zeldin!   Hamptons Homebuyers Have Already Figured … Continue reading →

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Republican Tax Plan Eliminates Social Justice

Posted on November 5, 2017 by David Posnett

Nobody wants to relieve the middle class tax plight more than I, but as people debate the Republican tax plan, let’s look at the big picture in perspective. Our Congressman, Lee Zeldin, states, “I believe that the state and local … Continue reading →

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Tax Cuts for Oligarchs

Posted on September 29, 2017 by David Posnett

Letter to the East Hampton Star published Sep. 28, 2017 There is so much in the news today about oligarchs. Do most readers know who or what they are? “Siri,” I asked into my iPhone, “what is the definition of … Continue reading →

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Your Coming Tax Increase

Posted on September 14, 2017 by David Posnett

Your Coming Tax Increase By David LeonhardtSEPT. 7, 2017 President Trump speaking about tax reform at an event in North Dakota on Wednesday. Credit Doug Mills/The New York Times A 19th-century economist named Adolph Wagner made a prediction that came … Continue reading →

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Where the truth lies in Donald Trump’s tax reform pitch

Posted on August 31, 2017 by David Posnett

During a speech on tax reform on Wednesday, President Donald Trump recalled memories of President Ronald Reagan’s rewrite of the tax code in the 1980s. “In 1986, Ronald Reagan led the world by cutting our corporate tax rate to 34%,” … Continue reading →

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Zeldin Gets It Wrong Again

Posted on June 24, 2017 by David Posnett

The House just passed the Creating Hope and Opportunity for Investors, Consumers, and Entrepreneurs Act, otherwise known as the Financial CHOICE Act of 2017 (H.R. 10).  Lee Zeldin was a champion of the bill and just issued a press release … Continue reading →

Posted in CFPB, GOP, Student Debt, Student Loans, Tax Reform, Trump | Tagged , , | 1 Comment

The Brownback Tax Cut Experiment Ends in Kansas

Posted on June 9, 2017 by David Posnett

Howard Gleckman June 7, 2017 Just as President Trump is ramping up his push for a major tax cut that he believes will pay for itself through faster economic growth, the Kansas template for that approach has crashed and burned. … Continue reading →

Posted in budget, economy, Employment, Tax Reform, Trump | 1 Comment