The usage-based tax program aims to protect against budget shortfalls from declining gasoline-tax revenue.
One of the more entertaining aspects of the 2012 presidential race was keeping track of the ever-expanding array of fanciful tax plans from Republicans. Even after Herman Cain announced his absurd 9-9-9 plan, other plans that would cut taxes even more kept coming down the pike. Show More Summary
Last week Gov. Christie explained where he thinks federal tax policy should go. He wants a tax reform that reduces the number of tax brackets to three, with the bottom rate in the single digits (it’s now 10) and the top rate no higher than 28. Show More Summary
Nevada Governor Brian Sandoval has proposed a revised tax plan that combines elements from his earlier proposed restructuring of the state Business License Fee (SB 252) and alternative plans floated in the Assembly that focus on the state’s Modified Business Tax (MBT) and the existing BLF structure (AB 464). Show More Summary
Several tax plans have been floated this legislative session in Alabama to address the state’s FY 2016 budget shortfall that could be up to $290 million. The first tax proposal was announced by Governor Robert Bentley in late February—it’s a mixed bag that increases seven different tax types. Show More Summary
The tax plan Chris Christie proposed this week feels familiar. In a speech Tuesday, the Republican governor of New Jersey argued that reforming the tax code is vital to economic growth. He proposed lowering tax rates across the board. To make up for the fact that the Treasury would be taking in less money in taxes, he'd eliminate special exemptions […]
New Jersey Gov. Chris Christie Tuesday offered his plan to slash income and corporate tax rates, joining other declared and potential Republican presidential candidates in their mission to cut taxes. Click to Continue »
New Jersey Gov. Chris Christie is calling for a reduction of the top income tax rate and a narrowing of individual tax brackets from six to three, a proposal that contrasts with some other declared and likely 2016 Republican presidential candidates.
Joe Hockey’s proposed changes to the tax code are theoretically sound but could prove difficult to implement and enforce.
Republican presidential candidate Ben Carson said that he pulled his proposed tax plan straight out of the Bible, Raw Story reports.
Ben Carson is hard at work laying out the lines of his proposed policies, and some of them are more than a little startling. On Sunday, Carson laid out a plan that he says is Bible-based, and that he thinks will make taxation fair for all: a flat tax. Show More Summary
Republican presidential candidate Ben Carson Sunday touted a flat tax plan that he says even the nation’s poor would pay if he’s elected. Click to Continue »
Fox News host Chris Wallace on Sunday grilled Republican presidential candidate Ben Carson's plan to institute a flat tax plan that experts have said would give a massive break to the wealthiest Americans. Carson said that under hisShow More Summary
Fox News host Chris Wallace on Sunday grilled Republican presidential candidate Ben Carson’s plan to institute a flat tax plan that experts have said would give a massive break to the wealthiest Americans. Carson said that under his flat tax plan, earners would “pay according to your...
From the May 10 edition of Fox Broadcasting's Fox News Sunday with Chris Wallace: Previously: The Fox News Candidates Enter The Presidential Race CNN's Cuomo Challenges Presidential Hopeful Ben Carson Over Claim That Sexuality Is A Choice Fox's O'Reilly Excuses Ben Carson's Comparison Of ISIS To American Patriots
Rivals Jeb Bush, Chris Christie and others have similarly decried the growing gap between the haves and have-nots, signaling that Republicans are eager to address a traditionally Democratic issue after seven years of disappointing economic...Show More Summary
The Rubio-Lee tax plan contains several worthy ideas, but the changes to individual income tax rates and brackets aren’t among them.
May 03--Michigan voters will decide Tuesday if a tax plan advanced late last year by the state Legislature and Gov. Rick Snyder is how they want to pay for fixing the state's crumbling highway network. Technically, they'll only vote on increasing Michigan's sales tax from 6 cents on the dollar to 7 cents. Show More Summary
Alabama’s Senate Budget Committee taps the brakes on a state flat tax plan. The panel delayed a vote on a bill that would cut the state’s personal income tax rate to 2.75 percent from 5 percent, and lower the corporate income tax rate to 4.59 percent from 6.5 percent. The bill would also eliminate certain […] The post Not So Fast, No, No, and… No. appeared first on TaxVox.
Puerto Rico: Puerto Rican legislators rejected a $2.9 billion tax plan that supporters claimed would have helped ease the commonwealth’s debt crises. Brazil: “No, I'm not going to be executed, I'm going to Brazil in a year's time,” was...Show More Summary