Tag Archives: Republicans

Republicans Have a SALT Tax Deal. Who Will Benefit?

For as long as Americans have paid federal income taxes, they’ve been able to subtract some of what they pay to their state and local governments from their taxable income. This federal deduction for state and local taxes — the SALT deduction, for short — has a big influence on how the tax burden is divided. It tends to help taxpayers in wealthier, more urban states, where sales taxes are higher and real estate costs more.

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Author: Zach C Cohen

Republicans ask SEC to consider delisting Chinese companies, FT reports

Top Republican financial officers from 21 states have asked SEC Chair Paul Atkins to determine whether Chinese companies on U.S. stock exchanges should be delisted for failing to protect U.S. investors, The Financial Times’ Demetri Sevastopulo, Stefania Palma, and Stephen Foley report. “China’s actions create an environment ripe for fraud and abuse, increasing the likelihood that China-based US-listed companies will violate the disclosure, auditing or anti-fraud provisions of the Securities Exch

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Author: TipRanks