Tag: taxation

Commentary: Americans Support Trump on the Election’s Two Most Important Issues

Michigan Star Staff
Donald Trump at Rally

As the nation reels from a second cowardly attack on former President Donald Trump’s life, it is increasingly clear the radical left refuses to tone down their hateful rhetoric against Trump even if it threatens his life repeatedly. The American people, however, want to put Trump back in charge of the two most pivotal issues facing the country – the economy and immigration.

Just five days after the contentious debate between former President Trump and Vice President Kamala Harris blatantly exposed the mainstream media’s allegiance to the radical left, Trump fended off yet another attack on his life. On Sunday Trump was on what should have been a secure West Palm Beach golf course, only to be threatened once again by a radical extremist with a weapon.

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Congress Reaches Deal to Increase Child Tax Credit, Negotiate Tax Treaty with Taiwan

Michigan Star Staff
Family Learning

Congressional negotiators from the Senate and House of Representatives announced a deal on Tuesday to increase the child tax credit and negotiate a new bilateral tax treaty with Taiwan, among other matters.

The child tax credit was first enacted in 1997 to provide parents with greater funds to care for children under the age of 17 and was expanded in 2021 under the American Rescue Plan Act, though that expansion expired in 2022 and has not been reauthorized. The new deal — known as the “The Tax Relief for American Families and Workers Act of 2024” — reached between Democrats and Republicans in Congress will change the way the tax credit is calculated, increase the credit every year until 2025 and index it to inflation, according to a technical summary of the plan published by the House Ways and Means Committee.

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Analysis: Biden’s Spending Could Become A Hidden Tax On Everything

Michigan Star Staff

As the U.S. climbs out of a once-in-a-century pandemic, rising prices have led to increasing worry that rapid inflation could be just over the horizon.

Americans have already witnessed higher prices in the past few months, with everything from gasoline to lumber to basic home items jumping in cost. The increases, partially fueled by non-existent interest rates and record government spending, could lead to inflation that the U.S. has not seen in decades, experts say.

“In the short term, consumers can expect to see rising prices across the board,” Henry Olsen, a senior fellow at the Ethics and Public Policy Center and a columnist at The Washington Post, told the Daily Caller News Foundation. “I expect in the next few months people will be getting sticker shocked in virtually all aspects of their life.”

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