Fact check: Biden makes false and misleading claims in economic speech

Washington CNN  —  President Joe Biden delivered a Thursday speech to hail economic progress during his administration and to attack congressional Republicans for their proposals on the economy and the social safety net. Some of Biden’s claims in the speech were false, misleading or lacking critical context, though others were correct. Here’s a breakdown of … Read more

A National Sales Tax Is a Terrible Idea

A small minority of House Republicans can force a vote on creating a national sales tax. It will give Democrats a needless political cudgel in exchange for a flawed bill with no hope of passage. The Fair Tax Act has been introduced by a small handful of Republicans in every Congress since 1999. The bill … Read more

Mega Millions jackpot is $785 million. Why the lump sum is overrated

This could be a very good year for a lucky winner of the fourth biggest jackpot in Mega Millions history. And yet, starting 2023 with $785 million might have a downside. “The curse of lottery losers is very real,” said Andrew Stoltmann, a Chicago-based attorney who has represented several recent lottery winners. One of the … Read more

Donald Trump’s tax returns to be released by U.S. House panel on Friday

Donald Trump leaves Trump Tower two days after FBI agents raided his home in Mar-a-Lago Palm Beach, New York on August 10.DAVID DEE DELGADO/Reuters Former Republican President Donald Trump’s redacted tax returns will be made public on Friday, a spokesman for the U.S. House Ways and Means Committee said on Tuesday. The Democratic-controlled committee obtained … Read more

Over 9 million individuals, families can claim 2021 tax credits

Anita_bonita | Istock | Getty Images According to the IRS, more than 9 million individuals and families could be leaving money on the table by not filing a federal tax return for 2021. Last week, the federal tax agency began sending letters to people it had identified who might miss payments through tax credits that … Read more