Net Neutrality – What’s All the Fuss About?
According to the pundits, the Dec. 14 move by the U.S. Federal Communications Commission to repeal existing net neutrality rules is either a major blow to free communication or a storm in a teacup. Perhaps the truth lies somewhere between these polarizing viewpoints.It appears that those who supported dismantling the rules put in place to ensure equal access to the Internet (a concept usually known as “net neutrality”) and those who wished them to remain want the same things. Both sides say they are opposed to Internet Service Providers putting discriminatory practices in place to slow down or block certain..
Making Changes to Corporate and Individual Income Taxes, Indian Tribe Resource Programs and Previous Legislation
Tax Cuts and Jobs Act (H.R. 1) – The GOP-sponsored tax reform bill made final passage through Congress on Dec. 20. The following are provisions with the widest-ranging impact:Lowers the corporate tax rate from 35 percent to 21 percentAllows companies a one-time repatriation of overseas cashRetains seven individual tax brackets: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percentNearly doubles the standard deduction, but repeals personal exemptionsEliminates the Affordable Care Act’s individual mandate starting in 2019Eliminates the alternative minimum tax (AMT) for corporations, but keeps it for individuals (Exemption: $500,000 for single taxpayers; $1 million..