Biden FCC Nominee Withdraws: Manchin Opposes
President Joe Biden’s candidate for the Federal Communications Commission (FCC), Gigi Sohn, withdrew her name from consideration on Tuesday.
joe manchin
How The Inflation Reduction Act May Affect Your Taxes
It is noteworthy that lawmakers claim that the IRA does not raise taxes on small businesses. But that doesn’t mean entrepreneurs aren’t affected by the law. A few key changes you should keep an eye out for are listed below.
Reconciliation Bill to Remove Carried Interest Tax Provision
Senator Kyrsten Sinema announced Thursday that she would support the Democrats’ social spending and tax bill after previously holding out on the deal that Sen. Joe Manchin and Senate Majority Leader Chuck Schumer.
Build Back Better Reconciliation Bill Has a Surprise for Employers
Hidden in the “Build Back Better” Budget Reconciliation Bill is a section that could change the whole retirement system in the U.S. A retirement plan must be offered by employers with five or more employees and employers must enroll their employees automatically, contributing 6% of their earnings to retirement accounts. In year five, the automatic contribution would increase to 10% of pay. You would invest in a Roth IRA in a target-date fund, a mix …