The ongoing struggle between employers and employees over remote work continues, with some employers threatening remote workers, while others offer more in-office benefits. We’ll see where it all comes out, but our tight job market currently gives workers—at least college-educated ones—the upper hand over employers. The Washington Post recently reported…

Former Italian prime minister Silvio Berlusconi died Monday at the age of 86. Berlusconi, who ultimately became a billionaire, wasn’t born into luxury. He grew up in Milan in a middle-class family, the son of a bank employee and housewife. He went on to study law at the University of…

Plainly, the indictment of former President Donald Trump is not about taxes. There are no tax charges, and it does not appear that any of the documents in question had anything to do with taxes. The documents were allegedly a lot more important than that. So how, then, could there…

On Friday, the House of Representatives introduced three bills that the House Ways and Means Committee plans to mark up this week. The Build It In America Act (HR 3938) addresses business taxpayer concerns regarding rising interest expense rates and deduction limitations on research and experimental expenditures, which could lead…

Jimmy Carter was in hot water. On the eve of the crucial New Hampshire primary, the former Georgia governor had been hoping that a final debate with his Democratic rivals would clear a path to victory. But then he made a serious mistake: He got a little too specific about…

The economics profession and the progressive policy world is dealing with the shocking news that Bill Spriggs, Chief Economist at the AFL-CIO and former chair of the Howard University Economics Department, has passed away at the age of 68. We’ve lost a great economist and a champion for Black equality,…

Haven’t yet filed your 2022 taxes? Now is your chance. If you missed the April 18 tax deadline to file your 2022 federal income tax return and pay any tax, you should take action by June 14, 2023, to avoid a larger late-filing penalty. Here’s how that works. The IRS…

The IRS has announced that it will grant penalty relief for corporations that did not pay estimated tax in connection with the new corporate alternative minimum tax, or CAMT. Background As part of the Inflation Reduction Act of 2022, Congress created the CAMT. The change, which is reflected in section…

This week, the golf world was shocked when PGA Tour commissioner Jay Monahan announced that the PGA Tour and the Saudi-backed LIV Golf would merge. The businesses would be combined into a single for-profit entity, including the DP World Tour (the European PGA Tour). It didn’t take long for the…

Governor Ron DeSantis recently and forcefully slapped the issue of dealing with the fearful wrongdoing of the IRS and the monstrous tax code it enforces on the campaign table. In the past he and a number of Republicans have endorsed a national sales tax as a way of abolishing the…