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Tax bill News

GOP tax bill's generosity to alcohol industry gets mixed reviews

Washington - In the new GOP tax bill, beer, spirits and wine producers will get a two-year reduction in federal excise taxes worth $4.2 billion. However, public-health advocates are not celebrating the news, concerned the cuts will lead to a rise in alcohol abuse.

Tax Bill also opens Arctic Wildlife Refuge to oil drilling

Washington - The Tax Cuts and Jobs Act of 2017 will soon be the law of the land, once President Trump signs it in January. However, one little item got quietly slipped into that legislation that now opens the Arctic Wildlife Refuge to oil and gas drilling.

Singer Mary J. Blige gets hit with a tax bill of $3.4 million

Mary J. Blige has been going through some financial problems as of lately, and that includes a tax bill of $3.4 million, and that is on top of $900K she owes the state of New Jersey.

Swede gets $750,000 bill after tax agency check LinkedIn profile

Djursholm - A Swedish man posted information on his professional networking LinkedIn account that has led him to receive a five-million kronor ($750,000) additional tax bill.

Lameduck congress rushes to pass tax bill

Congressional negotiators Thursday reached agreement on a massive tax and trade package that is the main obstacle to bringing the 109th session of Congress to an end.

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