Republicans at the Wisconsin Capitol aren’t yet on the same page about tax reform in the new year, but they are in almost total agreement on new state spending.
Senate President Chris Kapenga, R-Delafield, told Matt Kittle on News Talk 1130 WISN on Tuesday that the Republicans who control the state legislature are still talking about what to do with Wisconsin’s record $6.6 billion surplus, and calls for tax reform.
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During a recent Arizona Chamber of Commerce gubernatorial candidate forum, Democratic Secretary of State Katie Hobbs, who is running for governor, said she would not raise taxes as governor. When asked by ACC President and CEO Danny Seiden if she would raise taxes, Hobbs responded, “Absolutely not. I am pro-growth.” She pointed out that raising taxes requires a two-thirds vote in the Arizona Legislature, which would make it difficult.
Instead, Hobbs said in a new ad that she will cut taxes to help Arizonans deal with inflation; cutting income taxes for 800,000 families and exempting diapers, baby formula, and over-the-counter medicine from sales tax. However, in 2015, she voted against HB 2001, which indexed the Arizona income tax for inflation.
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Rebecca Kleefisch can, and will, explain her tax plan in minute detail if you let her.
Wisconsin’s former Lt. Governor isn’t hiding her passion as she runs for governor on the Republican ticket this fall.
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President Joe Biden’s proposal to increase the United States’ Global Intangible Low-Tax Income (GILTI) tax will lead to job losses at 266 public companies in Arizona, according to research from Arizona State University.
The proposal doubles the GILTI rate to 21% from 10.5%. Ninety-four percent of U.S manufacturers believe the increase will harm their business, according to a National Association of Manufacturers (NAM)survey on Sept. 9.
The study by the Seidman Institute at ASU’s W. P. Carey School of Business and Ernst & Young’s Quantitative Economic and Statistics Team (QUEST) said the tax “is specifically targeted at the income earned by foreign affiliates of those companies from intangible assets including intellectual property such as patents, trademarks, and copyrights.”
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Over 20 mayors from across the state of Arizona penned a letter announcing their support for Governor Doug Ducey’s newly proposed tax plan.
Ducey and the group of mayors argue that the plan will allow for greater investments throughout Arizona.
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There is a deep irony in President Joe Biden’s decision to start looking for support for his American Job Killing Tax Plan in Pittsburgh, Penn.
And make no mistake: Biden’s so-called American Jobs Plan is a tax increase bill masquerading as an infrastructure bill – which is in turn masquerading as a jobs bill. It will not create jobs or ultimately improve our infrastructure. It will kill jobs and make infrastructure projects more expensive in time and money.
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U.S. Rep. Diane Black (R-TN-6), who is running for Tennessee governor, is supporting President Trump’s plan to fix the tax code, which was last updated by President Ronald Reagan in 1986. Black was recently endorsed in her gubernatorial bid by Reagan adviser Art Laffer. Laffer, who lives in Nashville, will serve as Black’s economic adviser for her gubernatorial campaign. In a statement last week, Black said: This is a truly historic opportunity for our country. The current tax system – last updated 30 years ago – forces taxpayers to pay astronomical rates and fill out complicated, unnecessary forms. Americans deserve better. Our goal from the beginning was to create a simpler, fairer and flatter system, and I believe we have done just that. This framework lowers taxes so Americans can keep more of their paychecks and families can spend less time filing papers. It will allow our own families in Tennessee to plan for the future with certainty that their hard-earned money will stay in their pockets. As a unified government, we worked with President Trump and the Senate to craft a framework benefitting every income level, especially the middle class. Our reform also delivers the lowest tax rates in modern history…
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President Donald Trump’s tax plan, a broad and general plan that would make supply-siders such as Ronald Reagan and Jack Kemp very happy, could be held up by a number of details that are making some Republicans nervous. One is the elimination of an income-tax deduction for high-tax states such as New York and California. “We’re…
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