Corporate tax rate cuts are good for economic growth, and they aren’t bad for government revenues, either. In fact, eliminating the corporate income tax would actually increase annual federal revenue in the long run. This is due to two...Show More Summary
At MoneyWatch: Is competition to attract businesses harmful?: State and local governments often use incentives such as tax cuts, rebates, promises of government services and the easing of regulatory restrictions to induce new or existing businesses to locate in their...
Governor Walker’s budget includes more than $300 million in new tax cuts. He proposes reducing the amount of support the state provides to critically important institutions, such as public schools and the University of Wisconsin system, to help pay for the new tax cuts and to close the deficit caused by last year’s tax cuts. [...]
Beijing set to cut fees, extend small business tax breaks and pursue a proactive fiscal policy.
DURA, West Bank — Hatem Amro’s donkey is as scrawny as his salary. In January, Amro, who teaches Islamic studies in the southern West Bank as one of 180,000 employees of the Palestinian Authority, coped with a 40 percent pay cut by buying a short, spindly donkey for his nine-mile commute to school. It’s just [...]
New Jersey Governor Chris Christie can’t get away with cutting workers’ pensions. It’s a stunning rebuke to the governor’s fiscal agenda, which for years has relied primarily on spending cuts rather than tax increases to shore up the state’s bleak finances. It’s also a victory for the labor unions who sued the administration to halt [...]
Upper Midwest neighbors Wisconsin and Minnesota share a border, but their differences extend far beyond the Packers–Vikings rivalry. They go all the way to their state Capitols.
The New York Times recently reported Republican governors across the country were "bucking the party line" on taxes, citing eight GOP executives proposing tax hikes. Bloomberg also noted the trend of Republican governors and "much-regretted" tax increases earlier this week. Show More Summary
The state Board of Equalization on Tuesday approved lowering the statewide excise tax rate on gasoline by 6 cents. The 5-0 vote means the tax will decrease from 36 cents to 30 cents per gallon effective July 1, and remain there until June 30, 2016. Under guidelines of a complicated gas tax formula signed by then-Gov. Show More Summary
Bollywood is hoping that the Narendra Modi government will heed its long-standing demands for cuts on import duties and reforming the “archaic” entertainment tax at this year’s budget. Finance Minister Arun Jaitley will present his first full-year budget on Feb. 28.
By Rachel Goldfarb, originally published on Next New Deal Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Free the Middle Class (USA Today) Senator Elizabeth Warren and Representative...Show More Summary
After Gov. Bruce Rauner's Feb. 18 budget address that called for steep cuts to spending in order to recover the state's financial stability, House Speak Michael Madigan revived talk of a "millionaire tax" in Illinois. Nearly 64 percent of Illinois voters favored the "millionaire tax" advisory question on the Nov. Show More Summary
APIRS Commissioner John Koskinen testifies on Capitol Hill in Washington last July. By STEPHEN OHLEMACHER WASHINGTON -- The IRS says budget cuts forced the agency to reduce the number of tax audits last year to the lowest level in a decade. In 2014, fewer than 1 percent of individual tax returns were audited, the lowest rate since 2004. Show More Summary
I don't think you need a crystal ball to predict that whoever runs for president in 2016 will have some sort of tax cut at the heart of their platform, probably targeted at the middle class, and I'm talking both Democrats and Republicans. Show More Summary
Illinois' new GOP Governor, Bruce Rauner, will personally receive a $750,000 per year tax cut as a result of his decision not to continue the state's temporary 1.25% income tax surcharge that expired last year. His taxes were cut by an amount equal to the annual income of 14 families of four making the median income. Show More Summary
Today the state House took up four different income tax bills. One passed, and three failed. Here’s what House lawmakers rejected: HB1167: Introduced by Rep. Scott Louser (R-Minot), this was by far the largest tax cut before the House. It would have represented a reduction of $973 million in personal income taxes in the coming biennium by...
Larry Mishel: Even Better Than a Tax Cut: With the early stages of the 2016 presidential campaign underway and millions of Americans still hurting financially, both parties are looking for ways to address wage stagnation. That’s the good news. The...
Lawrence Mishel: [Even Better Than a Tax Cut](http://equitablegrowth.org/?p=9405): "The challenge is to ensure that a typical worker’s wages...
There are tax information troubles for ACA enrollees. When it comes to the Affordable Care Act and filing taxes, “sorting through all the necessary paperwork is hard to do, even for those of us whose day jobs are in tax policy,” writes TPC’s Ellen Steele, a tax-preparing volunteer with Community Tax Aid. Show More Summary
Saturday: Law School Survival Strategy From a Former Dean: Cut Tuition by 50% Vanguard Tax Whistleblower's First Day in Court Uber, Lyft, and the IRS The IRS Scandal, Day 653 Sunday: The Tax Consequences of the $160,000 of Swag in This Year's Oscars' Gift Bags 800,000 HealthCare.gov Users in 37...