Kamala Harris’s Tax Credit Would Cut Taxes Significantly For Low- And Moderate-Income Households But Could Add Trillions To The Debt

Kamala Harris’s Tax Credit Would Cut Taxes Significantly For Low- And Moderate-Income Households But Could Add Trillions To The Debt

The Tax Policy Center estimates that the new refundable tax credit for low- and middle-income households proposed by Sen. Kamala Harris (D-CA) would cut taxes…

Source: Tax Policy Center – Kamala Harris’s Tax Credit Would Cut Taxes Significantly For Low- And Moderate-Income Households But Could Add Trillions To The Debt

Tax-News.com: FASB Issues New Standard For Variable Interest Entities

Tax-News.com: FASB Issues New Standard For Variable Interest Entities

The Financial Accounting Standards Board (FASB) on October 31 issued Accounting Standards Update 2018-17, intended to reduce the cost and complexity of financial reporting associated with consolidation of variable interest entities (VIEs), for which consolidation is not based on a majority of voting rights.

Source: IRS Tax News – Tax-News.com: FASB Issues New Standard For Variable Interest Entities