Joint Committee on Taxation

While Struggling Americans Await $1,200 Stimulus, Nation’s Wealthiest Reap Windfall

Stacy M. Brown NNPA Newswire Senior CorrespondentApril 23, 2020

The $2.3 trillion coronavirus stimulus package includes a temporary tax change for individuals who make at least $1 million a year, according to the Joint Committee on Taxation. The Joint Committee’s analysis shows 43,000 taxpayers in the highest income bracket, making more than $1 million a year, could save a combined $70 billion in taxes. Almost all benefits from the tax break go to people making more than $100,000 a year.

Daily Briefs Political

BREAKING NEWS: The Pressure Mounts – New York Senate OKs Giving US House Trump State Tax Return

Associated Press -CHRIS CAROLAMay 8, 2019

Courtesy Photo ALBANY, N.Y. (AP) — New York’s Democrat-controlled Senate approved a bill easily Wednesday that would allow three congressional committees to get access to President Donald Trump’s state tax returns, giving Democrats a potential end-run around the administration’s refusal to disclose the president’s federal returns. The bill, which now goes to the Democrat-led state Assembly, doesn’t target Trump by name, but would authorize state tax officials to release returns filed by seven different types of state and federal officeholders if requested by the leaders of the House Ways and Means Committee, the Senate Finance Committee or the Joint Committee