Sen. Bernie Sanders Wants To Pump Up Estate Tax Bills

Senators on the left and right are proposing dueling estate tax bills. Sen. Bernie Sanders, I-Vt., introduced legislation today to establish a progressive estate tax on the fortunes of the top 0.2 percent of Americans and significantly increase rates on billionaires. Sanders said his legislation, the For the 99.8% Act, would raise $2.2 trillion from […]

New Tax Rule On Pass-Through Businesses To Benefit Agency Owners

Agency owners will be able to claim more money under new tax rules approved Friday. By Staff Reports The Trump Administration finalized an IRS regulation making clear that owners and shareholders of insurance agencies and brokerages organized as pass-through entities can fully benefit from a new tax deduction. The move pleased the Independent Insurance Agents […]

Rep. Maxine Waters Outlines Finance Committee Agenda

WASHINGTON, Jan. 16 — Rep. Maxine Waters, D-California, chairman of the House Financial Services Committee, issued the following statement: Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following remarks during her first policy speech in the 116th Congress: “Thank you for the very warm welcome, and to the […]