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Taxes Tag

Monday, a federal appeals court ruled President Trump must hand over his tax returns to Manhattan District Attorney Cyrus Vance, "who had subpoenaed the documents from Trump's accounting firm as part of an investigation into the pre-election payoffs to two women who alleged affairs with Trump."

China has decided to implement tariffs on $75 billion worth of U.S. goods as the U.S. plans to impose tariffs on $300 billion worth of Chinese products. These additional tariffs will cover almost all of the remaining U.S. products imported to China.

President Donald Trump's administration decided to delay tariffs on big items such as laptops, smartphones, and toys made in China until December 15. From The Wall Street Journal:
Trade talks appeared in jeopardy after the Trump administration threatened on Aug. 1 to extend tariffs of 10% to $300 billion in Chinese imports not currently taxed, including many consumer goods. They would come on top of 25% tariffs imposed on $250 billion in imports from China.

On a scale of 1 - "I'm not desperate, you're desperate! ::nervous laugh::", Democrats standing somewhere between "shoot ourselves in the foot twice and try to make an issue of something no one cares about" and "this is literally all the eggs we own right here in this shoddy little basket." Friday, the Chairman of the House Ways and Means Committee issued a subpoena to Treasury Secretary Steven Mnuchin and IRS Commissioner Chuck Rettig demanding Trump's tax returns.

Welcome to my home state of Illinois where you don't have a real governor unless he (or she) has some kind of investigation under their belt. Looks like the current governor could face his own federal trouble. Democrat Gov. J.B. Pritzker, his wife, and his brother-in-law have fallen into a federal investigation over the removal of toilets in a mansion in order to receive a property tax break.

Happy Tax Day! Unfortunately, the 16th Amendment still exists, which means everyone pays federal taxes. Today is the due date so you better get it in or else the IRS will come after you for the money they believe belongs to them. But I digress. Remember that tax plan that passed in late 2017? The left pounced and convinced people they would not receive a tax cut. Some even believed they would see a tax increase. Lies. Data has proven the left wrong once again.