Tax Refund


Still no House GOP deal to avert a government shutdown. House Republicans’ proposed short-term spending bill, unveiled Sunday night, faces internal opposition. The bill would fund the government through Oct. 31 and cut all discretionary department spending outside of Defense and Veterans Affairs by about 8 percent. Conservatives in the party did not warm to the bill, and it is not clear that Speaker Kevin McCarthy (R-CA) has enough votes to pass it this week.

Tune in today at 1pm for a Gender and Public Policy webinar. The National Tax Journal’s  webinar series continues with a forum on gender and public policy. The forum is co-sponsored by the Urban-Brookings Tax Policy Center. Panelists include Elliott Isaac of Tulane University, Olga Malkova of the University of Kentucky, Amy Matui of the National Women’s Law Center, and Shanthi Ramnath of the Federal Reserve Bank of Chicago. Sara LaLumia of Williams College will moderate the event. Register here

Hunter Biden sues IRS, claiming unlawful release of information. The president’s son has sued the agency, claiming it unlawfully released his confidential tax return information and failed to safeguard his private records. While investigating him, he claims that IRS agents told Congress and news reporters about their concerns about how his case was being managed.

FTC warns tax prep firms about misusing consumer data. The Federal Trade Commission has warned five tax preparation companies they could face civil penalties if they use or disclose data collected from consumers for unrelated purposes like advertising. “Companies that violate American’s privacy by seeking to monetize personal data without consent can face significant financial consequences,” said Samuel Levine, director of the FTC’s Bureau of Consumer Protection. 

Georgia’s August tax revenues are down 1.1 percent from last year. The state collected $2.28 billion in August, $25.4 million less than the same month in 2022. The Motor Fuel Excise Tax, which Gov. Brian Kemp (R) recently suspended for one month, accounted for 8 percent of total revenues collected in August.

 

For the latest tax news, subscribe to the Tax Policy Center’s Daily Deduction. Sign up here to have it delivered to your inbox weekdays at 8:00 am (Mondays only when Congress is in recess). We welcome tips on new research or other news. Email Renu Zaretsky at [email protected].

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *