On Marijuana Tax, Colorado Asks: What’s Too High? If marijuana is legalized and properly regulated, its proponents have long said, it could generate millions of dollars in state tax revenue. But how the drug should be taxed has proved to be a thorny question. More
Senate planning vote on Internet sales tax bill The days of tax-free online shopping could finally be numbered. The Senate is planning to vote on a bill as soon as Monday that would give states the authority to collect sales taxes on all Internet purchases, handing local governments as much as $11 billion per year in added revenue that they are legally owed — but that hasn’t been paid to them for years. More
Where do more tax cheats live? South and West, IRS study shows Worried the Internal Revenue Service might target you for an audit? You probably should be if you own a small business in one of the wealthy suburbs of Los Angeles. You might also be wary if you're a small-business owner in one of dozens of communities near San Francisco, Houston, Atlanta or the District of Columbia. More
Obamas paid $112,000 in taxes in 2012 President Obama and first lady Michelle Obama paid more than $112,000 in taxes in 2012, an effective federal income tax rate of more than 18% for 2012, according to the White House. The Obamas and Vice President Biden and his wife released their tax returns Friday, three days before the April 15 tax filing deadline. More
Mitt Romney is leaving the Senate. He explains how faith sustained him during his long political career Editor’s note: Mitt Romney officially leaves the Senate on Jan. 3, 2025. This interview with the Utah senator was originally published Dec. 21, 2024. One Sunday in late 2007, Mitt Romney showed ... 01/2/2025 - 9:28 am | View Link
Letters to the Editor: Mitt Romney, lionized in 2024, was hated by the left in 2012 (“Romney’s Senate exit marks an end to the bipartisanship Washington desperately needs,” Opinion, Dec. 24) However, when Romney was running for president against the incumbent Barack Obama ... 12/26/2024 - 11:00 am | View Link
Mitt Romney predicts JD Vance will be 2028 GOP nominee: 'MAGA is the Republican Party' Outgoing U.S. Senator and 2012 GOP presidential candidate Mitt Romney said he expects Vice President-elect JD Vance to carry the torch for the GOP after President-elect Donald Trump finishes his ... 12/15/2024 - 6:09 am | View Link
Mitt Romney says GOP is Donald Trump’s party — and ‘mainstream Republicans’ are now ‘main creek’ Utah Sen. Mitt Romney said the future of the Republican Party belongs to Donald Trump, and, while Romney still considers himself a member of the party, the ranks of “mainstream” Republicans ... 12/13/2024 - 12:44 am | View Link
Rachel Maddow, who scaled back anchoring duties after the spring of 2022, holding forth only on Mondays, will return to five nights a week at that hour as part of a broader move by MSNBC to draw viewership to its coverage of the first 100 days of the Trump administration, Variety reports.
Thomas Zimmer: “I fear that, after so many years of Trumpism shaping American politics and culture, a lot of people have become so inundated with Trump’s bizarre stunts, so accustomed to his outrageous rhetoric, that they might be numb to how dangerous this is – and how much this isn’t just ‘Trump being Trump,’ but the face of a radicalizing Right in charge of the Republican Party.”
“There is, unfortunately, no law of nature that says democracy can’t be brought down and wars can’t be started by a bunch of clowns if they have enough support from people, parties, and institutions who enable them.
Associated Press: “Incoming senior Trump administration officials have begun questioning career civil servants who work on the White House National Security Council about who they voted for in the 2024 election, their political contributions and whether they have made social media posts that could be considered incriminating by President-elect Donald Trump’s team.”
“President-elect Donald Trump’s unorthodox approach to his coming national-security team is set to come under the spotlight in Congress this week, and one constant remains from his first term: America is about to take the gloves off in its shadow bout with Beijing,” the Wall Street Journal reports.
“Trump’s choice to lead the Central Intelligence Agency, John Ratcliffe, is likely to push for more aggressive spying operations targeting Beijing if confirmed to lead the most storied U.
Joyce Vance: “With Donald Trump’s criminal sentencing behind us, the question of the release, or not, of Special’s Counsel Jack Smith’s report seems destined to be one of the key issues we follow this week…”
“Delay is ever Trump’s friend in legal proceedings, and the clock is ticking. A delay invoked by Judge Cannon and unchecked by the Eleventh Circuit, or one that happens at the Supreme Court if Trump’s allies appeal there, could, as a practical matter, end the possibility of release of the report.”
Steve Vladeck: “And just to say the quiet part out loud, the urgency here stems from the unspoken but universally held understanding that, if the January 6 volume hasn’t been publicly released by January 20, it won’t be.”
Chris Geidner: “The question now is what Garland; the Eleventh Circuit; and, if necessary, the Supreme Court or, if it comes to it, President Biden do about it.
“Outgoing FBI Director Christopher Wray defended the bureau as it faces a barrage of attacks from President-elect Donald Trump and his allies,” the Atlanta Journal Constitution reports.
“And he offered a chilling warning about China, saying it posed a ‘unique and unprecedented’ threat that is taking aim at critical U. S.