Merrick Garland Ruled That...Merrick Garland Cannot Be Prosecuted for Contempt of Congress
CNN Asked This Question About Fani Willis to Nathan Wade. That's When His...
James Carville Exposes Who's to Blame for Biden's Disastrous Immigration Policy
Trump Narrows the Field for Veep
Biden's National Security Failures Are Going to Get Americans Killed
Nothing Threatens Jobs Like Politicians in an Election Year
The Second Coming of the Late '70s?
'Hunter's Conviction Blows Up Trump's Claim of Two-Tiered Justice System' -- No, It...
Biden Points the Bill (and the Blame) Elsewhere
What Europeans and Americans Really Want
Will Congress Step Up to Protect Retail Investors?
Julie Su’s Conflict of Interest
Closing the Border Now Is Too Little, Too Late
A Mother's Agony: Olha's Story of Loss and Resilience After the Chernihiv Rocket...
Always Expect What Never Was and Never Will Be
Tipsheet

Trial Lawyer Tax Breaks

The Democratic majority has routinely rejected every proposed tax reduction on Americans and they have steadfastly stuck to their insistence on repealing every tax reduction passed during this century. That will raise taxes on every single American who currently pays taxes and add some new ones to the tax rolls.

Advertisement

But there is one group that apparently is deserving of a tax cut, according to the majority. Contingent fee trial lawyers. Yep, you heard me correctly. Buried in a recent tax increase bill (which I opposed and the president will likely veto) was a special tax break for trail lawyers paid under a contingent fee. It would allow them to deduct their expenses on a contingent fee case whenever they incur them rather than wait, as current law requires, until the case is concluded. This bill contained mainly tax increases on lots of other businesses. This was one of the few tax cuts in the bill.

Maybe this is to aid the struggling trial lawyer industry? After all, they are the engine of our economy aren't they? They employ so many people? Yeah right.

Is there any question what special interests rule the roost now?

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement