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2018年10月5日 星期五

News Alert: Trump tax story prompts calls to revise estate rules

 
 
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Trump tax story prompts calls to revise estate rules
Democrats are calling for changes to the estate tax following a bombshell news report detailing how the Trump family navigated the tax code to protect the family’s financial assets.

“The whole tax code is riddled with giveaways to folks at the top,” said Sen. Ron Wyden (Ore), the top Democrat on the Senate Finance Committee. “What I think everybody has seen, certainly, in the article, is that the president’s family was looking at using every dodge in sight, and people need to understand when the folks at the top use those dodges, that ripples all the way to the tax bills of the middle class.”
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Breaking News: Economy adds 134K jobs in September, unemployment hits 49-year low

 
 
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Economy adds 134K jobs in September, unemployment hits 49-year low 
The U.S. economy added 134,000 jobs in September, well below expectations, as the labor market still shows strength heading into the fall. 

The unemployment rate fell to 3.7 percent for the lowest level since December 1969, the Labor Department reported on Friday.
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News Alert: Legal obstacles to pursuing tax charges against Trump family

 
 
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Legal obstacles to pursuing tax charges against Trump family
New York officials are looking for ways to go after President Trump following a blockbuster story detailing his family’s tax practices. But experts say any efforts by federal and state authorities to impose penalties on the president would face serious legal and practical obstacles.

The New York Times on Tuesday published an investigative report, based on a review of more than 100,000 pages of documents, describing “dubious” tax schemes that the president and his family engaged in during the 1990s so that his parents could avoid gift and estate taxes. The article prompted calls for government probes.
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