IJR News — today's news from every side

IJR News — today's news from every side

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Wealth tax debate expands across statesPolitics — Aug 23, 2026A wave of wealth-tax proposals across parties aims to shift more revenue onto high earners, but analysts warn feasible gains are limited by capital mobility, political feasibility, and the small share of income-taxable wealth. Across the globe, debates over wealth taxes and expansive government spending clash with concerns about tax flight, budget deficits, and the resilience of market economies, highlighting how tax policy remains deeply contested and potentially self-defeating if not carefully designed.

Bipartisan Hemp Regulation Bill Plans National Rulebook — Jul 23, 2026Lawmakers from both parties are pushing nationwide hemp-regulation bills to replace patchwork state rules, establishing a single framework with national THC limits, testing, labeling, age verification, and taxes to prevent disruptive regulatory shifts. The effort is supported by industry groups and companies seeking clear federal standards ahead of looming changes, as federal reviews continue and related bills address taxation and broader oversight of hemp-derived products.

Digital Chamber Sues Illinois Over Crypto Tax — Jul 21, 2026The Digital Chamber filed lawsuits to block Illinois’ Digital Asset Tax Act, the first state-level tax on digital-asset business activity set to take effect in January 2027, arguing the 0.2% levy unfairly singles out blockchain transactions and violates constitutional provisions. This legal push underscores ongoing regulatory scrutiny of crypto taxation and could influence market perceptions and future state policy across the industry.

‘Taxation Without Representation’: Trump Admin Battles UN Over Global Carbon Tax — Oct 15, 2025The Trump administration is fighting to block a global carbon tax that a United Nations (UN) agency is attempting to pass quietly this week. The International Maritime Organization (IMO), a UN body based in London, is…

IJRItaly Scrambles Warships Toward Red Sea As Houthis Close In On Global Shipping ChokepointFrancis Kapper · 6 min · 1h

Senate Dems Join GOP To Approve Major Trump Campaign Promise In Surprise Move — May 20, 2025The Senate passed bipartisan legislation to eliminate tax on tips through unanimous consent in a surprise move Tuesday afternoon. Republican Texas Sen. Ted Cruz’s No Taxes On Tips Act would exempt tips from taxation…

YourlistRankingMost Influential Women in World HistoryFrom ancient queens who ruled empires to modern activists who changed laws, these women left indelible marks on politics, science, and culture. Vote for who you think shaped history most profoundly.1379 votes · 26 candidates

STEVE CORTES: Why Are Republicans Targeting Trump’s Tax Cuts For Main Street? — May 14, 2025Main Street businesses should not be penalized for driving America’s economic success. Nor should they be treated as inferior to big businesses when it comes to federal taxation. President Trump’s “ big and beautiful ”…

Ohio Axes Data Center Tax Break After Billion-Dollar Forecasting Error — May 29, 2026Ohio Republican Gov. Mike DeWine is pausing a tax break for data centers after it end up costing more than $1 billion more than lawmakers expected. The Ohio Department of Taxation forecasted that the state would give up…

Washington Bureaucrats Get Corporate Taxes Wrong — Again — May 12, 2026Washington’s tax bureaucrats want you to believe you can tax your way to prosperity. History says otherwise. The Congressional Research Service’s April 21 report, Corporate Taxation: The Revenue-Maximizing Tax Rate …

Days After Biden’s Mass Student Debt Cancellation, Borrowers in 13 States Learn They Could Face Big Tax BillOpinion — Aug 30, 2022Though President Joe Biden just announced student debt forgiveness, some states may have to consider student loan debt forgiveness a taxable event, which would then detract from the promised $10,000 in debt cancelation…

On X · @UTDTreyMan United Fan Account Mocks Chelsea Fans Over Shared “Animal” Upsets Against Hull and BrentfordThe post by popular Manchester United fan account @UTDTrey references Man Utd’s recent struggles against Hull City and Chelsea’s heavier defeat to Brentford, using humorous Nigerian Pidgin to suggest Chelsea suffered more. It has sparked mostly amused reactions and pile-on mockery from rivals within football fan circles.3,381 likes · 18m

Tlaib Shreds Lawmakers Who Oppose DC Statehood: ‘You Support Taxation Without Representation’Reporting — Mar 22, 2021Rep. Rashida Tlaib (D-Mich.) says lawmakers who oppose making the nation’s capital a state are supporting an “authoritarian system.” During a House Oversight and Reform Committee hearing on Monday on the push to make…