MAJOR wins in the final deal for House Speaker. We're finally in a good place. Details of this deal include:
Firm assurances the Speaker will leverage every tool within his disposal to put our nation on a trajectory towards a balanced budget.
A return to "regular order" with individual attention to the 12 separate appropriations bills that Congress is supposed… Read more »
Late Thursday Update – the House of Representatives is still working through the process of selecting a Speaker. If you missed my posts this past Sunday and Tuesday, please take a moment to read those for broader context.
I want to start off by saying this:
What’s playing out in the House is a bit chaotic, but that’s a good thing. The fact this hasn’t happened in the last “umpteen… Read more »
Quick follow-up from my post on Sunday. As many of you know, three separate votes were held earlier today as the House of Representatives works to elect a new Republican Speaker. In all three votes, Rep. Kevin McCarthy failed to secure the needed majority of votes cast to be chosen. I was one of 19-20 who voted for other candidates.
Friends, we are deeply in debt and spending money like… Read more »
This is another long post, but I want to give everyone an update on where things currently stand with the election of a House Speaker. This has been a hot topic in D.C. lately among the political elites, talking heads, and journalists.
First, let's lay the foundation…
This Tuesday, January 3rd, marks the first day of the new 118th Congress. In the House of Representatives, the first… Read more »
Washington, D.C. – On Wednesday, Rep. Ralph Norman (SC-05) introduced H.R. 9524, the Capital Loss Inflation Fairness Act, which would increase the capital loss limit against ordinary income from $3,000 to $13,000 for individuals and those married filed jointly. Additionally, H.R. 9524 includes an annual adjustment for inflation.
The Capital Loss Inflation Fairness Act enjoys support… Read more »
Today we remember one of the darkest days in our country’s history - the attack on Pearl Harbor. For the countless men and women who lost their lives on December 7, 1941 and in the years that followed into WWII, our debt of gratitude to your sacrifice can never be repaid. We honor you today and everyday. The fallout of the wreckage can still be seen in the harbor even now, 81 years later.… Read more »
Just a quick update from Washington on this Tuesday morning. In keeping with traditional government incompetence, we’re rapidly approaching the end of the year – and the end of this term of Congress – with major hurdles that still need to be cleared.
One of those hurdles is government funding. As things stand right now, the federal government is funded only through December… Read more »
If you use Venmo, PayPal, Cash App, or any other platform used to send people money electronically, this post is for you.
By the end of January, you will likely receive an IRS 1099-K form if someone has sent you more than $600 during the 2022 tax year using one of these “third-party facilitators” like Venmo, PayPal, etc. For those who aren’t aware, a 1099-K is essentially a payment… Read more »
On Tuesday, Rep. Ralph Norman (SC-05) sent a letter to Acting Commissioner of the Internal Revenue Service (IRS), Douglas O'Donnell, regarding changes to Form 1099-K reporting requirements. Specifically, this letter asks the IRS to delay the implementation of the new lower reporting threshold and requests further details related to implementation and privacy… Read more »
