DIRS.INFO The most relevant business & tech news

☆ House Republicans reintroduce bill to repeal 'death tax'
▼ + stars: | 2024-01-19 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Rep. Jason Smith, R-Mo., speaks during a House Oversight and Accountability Committee impeachment inquiry hearing into U.S. President Joe Biden on Sept. 28, 2023. House Republicans this week reintroduced legislation to permanently repeal what they're calling the "death tax" — or federal estate tax, which is levied on inherited property above a certain value. Introduced by Rep. Randy Feenstra, R-Iowa, with support from 162 lawmakers, the Death Tax Repeal Act follows past Republican proposals to abolish estate taxes, including a Senate bill from early 2023. The federal estate tax exemption adjusted for inflation by rising to $13.61 million per individual or $27.22 million for spouses in 2024. "Because the revenue effects are relatively small, they may have more leeway to eliminate [the estate tax] altogether if they had full control," Watson said.

Persons: Jason Smith, Joe Biden, Randy Feenstra, —, Biden, Garrett Watson, Donald Trump's, Watson Organizations: Republicans, Finance, Tax Locations: Iowa

Trump won 76% of the white evangelical vote in 2020, down from 80% in 2016, according to Edison Research exit polls. In a March poll, Trump edged DeSantis among evangelicals in a two-way matchup 51% to 42%, a nine-point improvement for Trump from the month before. The gathering is traditionally an important stop for Republican presidential candidates, although this year DeSantis, who was invited, will not be going. Vander Plaats said evangelicals will consider whether Trump can prevail next year after losing the 2020 election to President Joe Biden. “I don’t think President Trump is a principled man -- I think he was a great president,” Ascol said.

☆ DeSantis goes to Washington, a place he once despised, looking for support to take on Trump
▼ + stars: | 2023-04-18 | by ( Steve Contorno | ) edition.cnn.com time to read: +5 min

Hours ahead of his meeting with congressional Republicans, Florida Rep. John Rutherford endorsed Trump, making him the sixth House Republican to back the former president over their home state governor. Rutherford’s announcement comes after NBC reported last week that DeSantis’ political operation was scrambling to convince Florida Republicans not to endorse until after he had formally decided to run. A spokesman for DeSantis’ political operation did not return a call or email. But by plucking support from within DeSantis’ backyard, Trump has created the impression that even Republicans close to DeSantis may be having second thoughts about his performance. Roy was among the first to back DeSantis, calling him “a man of conviction” who “unequivocally has made Florida stronger and freer.”

Search resuls for: "Randy Feenstra"

3 mentions found