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SALT debate lies ahead for Congress as high-tax state residents and reps look for tax relief

SALT debate lies ahead for Congress as high-tax state residents and reps look for tax relief

by Sarah Serota | Mar 21, 2025 | Business, Featured

Before tax accountant Jack Hahne moved from Atlanta to New York City in 2022, the state and local tax deduction cap, commonly known as the SALT deduction cap, hardly concerned him.  “I was making a little bit less money, so it wasn’t something I was particularly...
Strategic bitcoin reserve signals Trump administration’s increased loyalty to cryptocurrency industry

Strategic bitcoin reserve signals Trump administration’s increased loyalty to cryptocurrency industry

by Sarah Serota | Mar 13, 2025 | Business, Featured, Politics

On the campaign trail, President Donald Trump made a promise to the cryptocurrency entrepreneurs that they have not forgotten: a pledge to be the first “crypto president.”  Last week, Trump took his latest in a string of actions to align himself with the digital asset...
Supreme Court considers how strict a judgment’s finality is in ‘extraordinary circumstances’

Supreme Court considers how strict a judgment’s finality is in ‘extraordinary circumstances’

by Sarah Serota | Mar 4, 2025 | Featured, National Security, Topics

WASHINGTON – The Supreme Court heard oral arguments Monday for BLOM Bank SAL v. Honickman, which focused on how high the bar should be to reopen a case after a ruling had been made.  The case before the court will act as a guidepost for deciding when to consider...
Waltz asserts ‘fighting on both sides,’ ignores question of Putin dictatorship

Waltz asserts ‘fighting on both sides,’ ignores question of Putin dictatorship

by Sarah Serota | Feb 20, 2025 | Featured, Politics

WASHINGTON — National Security Advisor Michael Waltz reinforced the White House’s finger-pointing at Ukraine and its president, Volodymyr Zelenskyy at Thursday’s White House press briefing, opting not to condemn Russia for starting the almost three-year-long war in...
Digital asset industry advocates against ‘regulation by enforcement’

Digital asset industry advocates against ‘regulation by enforcement’

by Sarah Serota | Feb 14, 2025 | Business, Featured, Topics

WASHINGTON – House Republicans pressed to overhaul how the Securities and Exchange Commission regulates cryptocurrency at a hearing Tuesday, aligning themselves with the pro-cryptocurrency agenda President Donald Trump championed during the first few weeks of his...
Fed to hold rates steady, entering wait-and-see mode

Fed to hold rates steady, entering wait-and-see mode

by Sarah Serota | Jan 29, 2025 | Business, Featured

WASHINGTON – After three consecutive rate cuts, Federal Reserve Chair Jerome Powell announced Wednesday the  Fed will hold the federal funds rate constant at 4.25-4.50%.  During its first meeting of 2025, the Fed decided it would not act amidst “somewhat elevated”...
Trump meme coin presents volatile investment alongside ethics concerns

Trump meme coin presents volatile investment alongside ethics concerns

by Sarah Serota | Jan 23, 2025 | Business, Featured

Friday night Ogle’s head pounded, so much so that he swore off working for the rest of the night. Then, a friend messaged him that President Donald Trump just launched a cryptocurrency. He decided to invest big in the coin and, ignoring his headache, stayed up until...
Treasury Secretary nominee Scott Bessent pushes for tariffs and tax cuts during hearing

Treasury Secretary nominee Scott Bessent pushes for tariffs and tax cuts during hearing

by Sarah Serota | Jan 16, 2025 | Business, Featured

WASHINGTON–Treasury Secretary nominee Scott Bessent started his confirmation hearing testimony Thursday by recounting growing up with financial hardships in Little River, South Carolina.  “My life has been an only-in-America story that I am determined to preserve for...
House Republicans advocate for renewal of 2017 Trump tax cuts

House Republicans advocate for renewal of 2017 Trump tax cuts

by Sarah Serota | Jan 14, 2025 | Business, Featured

WASHINGTON – With the clock ticking down on the Tax Cuts and Jobs Act, House Republicans in the Ways and Means Committee doubled down Tuesday on demanding a permanent extension of the tax cuts.  “As of today, we have only 142 legislative days before taxes will go up...

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