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In a move that could negatively impact high-frequency traders, Democrats are bringing forward a plan to tax stock, derivative and bond deals. Peter DeFazio (D-OR) is spearheading the “Wall Street Tax Act of 2019” bill, with U.S. Alexandria Ocasio-Cortez (D-NY) as its lead co-sponsor, CNBC reported. 15), reported Bloomberg.
Identity theft, at the second spot in top complaints, jumped more than 47 percent year over year in 2015, with a chief impetus being tax identity theft. In total, through the past year, the network gathered more than 3 million complaints, with Florida, Georgia and Michigan at the top of the state list for fraud complaints.
In addition to Ocasio-Cortez, two other newly elected progressive Democrats, Rashida Tlaib of Michigan and Katie Porter of California, are expected to join the panel in charge of oversight for Wall Street and the financial services industry. California Democrat Maxine Waters will lead the panel. “I 15), reported Bloomberg.
We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach. At-large director Doug Ouellette, Chief community banking officer, Mercantile Bank of Michigan, Grand Rapids, Mich. For instance, ICBA is calling for congressional hearings on the credit union tax exemption.
BNC shareholders got a terrific premium, a 47% dividend increase, and a continued leadership role for Richard D. Credit Union Merger of the Year – Goes to Lake Michigan Credit Union and its CEO Sandy Jelinski for acquiring Florida-based community bank Encore. Executioner’s Tax (Swing of the Ax) – Power Trip.
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