In May, Oklahoma Gov. Mary Fallin (R) signed into law a bill that cuts the state income tax from 5.25 percent to 5 percent on January 1, 2015, with a further reduction to 4.85 percent in 2016 if revenue growth exceeds the amount of the cut. Show More Summary
For those who want to learn how to troll the Internet, take a lesson this week from Slate's Matt Yglesias. While suggesting the Republicans have lost "purity" on tax cuts, the writer compared GOP budget leader Paul Ryan (R-WI) to virginal...Show More Summary
Most of the attention this week on Gov. Andrew Cuomo’s tax cut plan has been focused on property taxes. The most important proposal though is one to raise the threshold for the estate tax and lower the rate to 10%. It sounds like a giveaway...Show More Summary
NEW YORK (Reuters) - A New York State commission is proposing $2 billion in tax cuts over the next three years as lawmakers prepare to wrangle over the state's $140 billion budget early next year.
The right-wing nut jobs from the Jones Street House of Pain, along with DAG McClowny, have been on an all-out propaganda push to try to convince North Carolinians that they're getting a tax cut, just because the nominal income tax rate...Show More Summary
Yesterday’s autumn statement included the results of the Treasury’s study of the dynamic impacts of the cuts to Corporation Tax, which George Osborne is down from 28 per cent to… Continue reading The post How corporation tax cuts are helping wages appeared first on Spectator Blogs.
With growth forecasts revised up and room for tax cuts in 2015, George Osborne starts electioneering Column The Mole LAST UPDATED AT 14:26 ON Thu 5 Dec 2013 GEORGE OSBORNE announced higher growth than expected, lower borrowing forecasts,...Show More Summary
When George Osborne releases the bumpf accompanying his Autumn Statement tomorrow, I understand that there will be one paper that will be quite unlike anything presented by a previous chancellor.… Continue reading The post Finally, Osborne cracks the tax cutting code appeared first on Spectator Blogs.
In the latest tax reform plan floated in Salem, the inclusion of a sales tax is not the problem. The problem is that the plan uses a sales tax to pay for a big income tax cut for wealthy Oregonians. Commendably, Senator Mark Hass and...Show More Summary
Help with fuel bills and cash for NHS are on the cards, but will the Autumn Statement offer other sweeteners? Briefing LAST UPDATED AT 08:30 ON Tue 3 Dec 2013 GEORGE OSBORNE will deliver the Autumn Statement on Thursday. But what isShow More Summary
Word is getting out about the Great North Carolina GOP Tax Cut of 2014, and it's exciting. People earning $25,000 a year are making out like bandits. They'll get back fifty bucks! What are you going to do with all that cash?
When Republicans talk about their big tax cut coming in January, people will be forgiven for not getting all that excited. The bottom rate will drop from 6.0% to 5.8%, which qualifies as nothing more than chump change. For a person making $25,000, the tax cut is whopping $50. Show More Summary
Are Republican politicians trying to frame a policy agenda stuck in a Reagan rut? A good case can be made that they are — or have been. Tax cuts have been a staple of Republican platforms since Jack Kemp persuaded Ronald Reagan to back a 30 percent tax rate cut in the 1980 campaign. Show More Summary
At the beginning of this year, many Americans opened their paychecks to find that their take-home pay was suddenly less than it had been the previous month. The payroll tax cut had expired, resulting in the average American worker owing an additional $700 in payroll taxes this year compared to last.
As 2013 begins to draw to a close, it seems that the NC GOP spin machine is directed toward trying to persuade North Carolinians that they'll get a tax cut, including the use of posters with babies and countdown tweets: 48 days until the tax code is simplified, money returns to your pockets and NC jumps from 44th to the 17th best state for business #ncpol read more
Rep. Paul Ryan (R-Wis.) is known primarily for two things: Being Mitt Romney's vice presidential nominee, and proposing a number of radical budgets chock full of spending and tax cuts. Now, though, Ryan is reportedly aiming to distance...Show More Summary
A poll released today shows what teachers and other education supporters - including the Observer's editorial board - has been shouting all year long: N.C. residents don't like cutting funding for public schools even if the savings are passed along to taxapyers in the form of a tax cut. Show More Summary
Today, the American Legislative Exchange Council released a report on state tax action in 2013, where they identify 18 states that enacted tax cuts this year. They find that 45 percent of tax cuts occurred in the individual and corporate...Show More Summary
Thanks to a provision of Massachusetts’ state laws that requires automatic tax cuts if revenues grow very rapidly, Massachusetts taxpayers may enjoy lower income tax rates in 2014. After confirmation from the Department of Revenue on...Show More Summary