Finance, investment and tax-related legislation

More than 200 members of the Maryland Association of CPAs met with state legislators in Annapolis to discuss ongoing issues effecting clients and the profession.

The legislation aims to help entrepreneurs with filing deadlines, electronic signatures and the sharing economy.

Marginal rates had been that high as recently as 1981.

Progressive House Democrat Alexandria Ocasio-Cortez called for a sharp tax hike on the highest incomes in order to fund a massive “Green New Deal.”

The measure is seen as doomed in the Senate, however.

The lame-duck package has been scaled back as the congressional term nears an end.

The Tax Foundation sees the proposal as having 'very small economic impact.'

A bipartisan group of lawmakers in the House has introduced legislation to clarify interstate sales tax collection requirements in the wake of the Supreme Court’s decision this year in South Dakota v. Wayfair.

Senator Bernie Sanders, I-Vt., and Rep. Ro Khanna, D-Calif., teamed up Wednesday to introduce legislation to tax big companies whose wages are so low that their employees are forced to rely on public assistance programs.

The bill, which was introduced by a Texas CPA, would also protect members and their staff.