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Tag: Sen.

Jamie Dimon says Sen. Elizabeth Warren ‘vilifies successful people’

Jamie Dimon says Sen. Elizabeth Warren ‘vilifies successful people’

Finance
Jamie Dimon is wading into the ongoing feud between Sen. Elizabeth Warren and American billionaires including money manager Leon Cooperman.Dimon, himself a billionaire thanks to his decades running some of the biggest U.S. lenders, was asked by CNBC's Wilfred Frost if presidential hopeful Warren was anti-business."You really have to ask her what she really means," Dimon said in the interview, parts of which were scheduled to air on CNBC's "Closing Bell.""She uses some pretty harsh words, you know, some would say vilifies successful people," Dimon said. "I don't like vilifying anybody. I think we should applaud successful people."Warren has been chiding billionaires critical of her proposal to raise taxes on the ultra rich to help defray the costs of her ambitious plans to reduce inequality...
3 big tax planning takeaways from Sen. Elizabeth Warren’s 2018 return

3 big tax planning takeaways from Sen. Elizabeth Warren’s 2018 return

Finance
Say what you will about presidential hopeful Sen. Elizabeth Warren, D-Mass., but it looks like she's getting some good tax advice. Warren released her 2018 tax return Wednesday. She filed jointly with her husband Bruce H. Mann, a professor at Harvard Law School. The two reported total income of $ 905,742 and paid total taxes of $ 230,965, according to the return. The couple didn't get a refund. Rather, they owed the IRS $ 24,477 in taxes. They weren't on the hook for underpayment penalties. "...
Moving overseas won't help the very rich dodge Sen. Warren's wealth-tax plan

Moving overseas won't help the very rich dodge Sen. Warren's wealth-tax plan

Finance
Are you getting rattled by some Democrats' talk of higher taxes and are now thinking a move abroad would shield you? Guess again. Unlike many countries, the United States imposes taxes on its citizens no matter where they choose to live. "If you're a U.S. citizen or a greencard holder — a lawful permanent resident — you'll continue to file and pay taxes to the United States regardless of whether you have any association with the U.S. any more," said Kenneth Freshman, a partner and director of global tax services at accounting firm KLR. ...
Sen. Orrin Hatch’s influence of US health care

Sen. Orrin Hatch’s influence of US health care

Health
This story is from Kaiser Health News Sen. Orrin Hatch, the Utah Republican retiring from 42 years in the Senate as a new generation is sworn in, leaves a long list of achievements in health care. Some were more controversial than others. Hatch played key roles in shepherding the 1983 Orphan Drug Act to promote drug development for rare diseases, and the 1984 National Organ Transplant Act, which helped create a national transplant registry. And in 1995, when many people with AIDS were still feeling marginalized by society and elected leaders, he testified before the Senate about reauthorizing funding for his Ryan White CARE Act to treat uninsured people who have HIV. “AIDS does not play favorites,” Hatch told other senators. &ldquo...