Arizona continues to benefit economically from more people moving to the state.
Arizona gained a net of 36,841 people, adding $3,688,080 in gross income from those newcomers from tax years 2021 to 2022, based on new Internal Revenue Service data. Data from the IRS is typically delayed and compares filings done between states.
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Ohio Secretary of State Frank LaRose said Wednesday he expects Raise the Wage Ohio to turn in petition signatures for a proposed constitutional amendment that would raise the minimum wage, joining two other filings for the November ballot this week.
The Raise the Wage Ohio campaign, made up mostly of volunteers, needs 413,487 valid petition signatures for the amendment to reach the ballot.
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South Carolina Gov. Henry McMaster announced 21 budget vetoes totaling nearly $2.3 million from the Palmetto State’s fiscal 2024-25 budget.
The Republican governor announced his vetoes during a Wednesday media briefing, calling on state lawmakers to replace earmarks with merit-based and competitive grants. The budget includes more than 500 earmarks totaling $424.7 million.
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In a recent report, “Powering Human Advancement,” The Heritage Foundation laid bare the truth that the driving force behind wealth creation and raising human development standards is the innovative harnessing of energy.
As historian Vaclav Smil sees it, “Energy is the only universal currency.”
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Nearly $40 million in federal taxpayer dollars are bound for transportation projects in Maricopa County and southern Arizona.
The funding is part of the application-based grants, and it will go toward helping the city of Douglas help nearly 8 miles of roadways as well as bolster the Valley Metro by extending it 4.35 miles in the east valley cities of Mesa and Tempe.
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The Biden administration is selling off a million barrels of gasoline from an emergency reserve in a deliberate effort to cut prices ahead of the upcoming holiday weekend.
The Department of Energy (DOE) announced that it has awarded contracts to five energy companies to purchase the barrels the administration is releasing from the Northeast Gasoline Supply Reserve (NGSR), which is part of the federal Strategic Petroleum Reserve (SPR) system. The NGSR releases are intended to “help lower gas prices ahead of the Fourth of July holiday,” according to DOE.
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Tennessee saw the fifth-largest population increase from other states between 2021 and 2022, according to new data released by the Internal Revenue Service.
Tennessee saw a net increase of nearly 60,600 during that calendar year, a population increase of 0.87% during the year, with a net increase of nearly $4.7 billion in adjusted gross income on individual tax returns.
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Pending home sales fell 2.1 percent in May, according to the National Association of Realtors.
NAR Chief Economist Lawrence Yun said home prices could dip in the coming months.
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The federal government reported $236 billion in improper payments in fiscal year 2023, with the vast majority coming from overpayments, according to a new watchdog report.
A U.S. Government Accountability Office report found 74% of improper payments – payments that shouldn’t have been made or were made in the wrong amount – were overpayments. Overpayments accounted for $175.1 billion of the total amount of improper payments in 2023. Overpayments are payments “in excess of what is due, and for which the excess amount, in theory, should or could be recovered,” according to the report.
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Americans purchased roughly 5.5 million guns in the first four months of 2024, according to the FBI’s National Instant Criminal Background Check System.
The data shows that roughly 1.3 million guns were purchased each of the months of January through April of this year.
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Due to inflation eating away at earnings and less supply of affordable housing, the majority of Americans today cannot afford median rent prices, according to a new report by the real estate company Redfin.
The analysis comes as other reports indicate that both homeowners and renters are struggling with high housing costs due to inflationary pressures, an inflated housing market, low supply and demand for affordable housing.
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Americans looking to buy a home may have to wait as housing costs are expected to remain elevated until 2026 or later, according to a note from Bank of America (BofA) economists published Monday.
Homebuyers are facing elevated interest rates due to sky-high inflation under President Joe Biden and a housing shortage exacerbated by the COVID-19 pandemic that has led Americans to be hesitant to move, according to BofA. As a result, economists at the bank expect home prices to rise a total of 4.5% throughout the course of 2024 and another 5.0% throughout 2025, before easing slightly in 2026.
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Cleveland is one of the next cities asking for public funding for a renovation or new NFL stadium after the city councils of Charlotte and Jacksonville each approved more than $600 million in public funding.
Browns’ ownership, the Haslam Sports Group, has reportedly pitched Cleveland and Ohio state leadership on funding half of a potential $1.2 billion renovation of Cleveland Browns stadium or having state and local governments each pay $600 million of taxpayer funds – a total of $1.2 billion – toward building a new stadium in Brook Park.
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South Carolina’s seasonally adjusted unemployment rate increased in May to 3.4%, and the state’s top labor official said higher interest rates may be partly to blame.
While the state’s unemployment rate increased from 3.2% last month, officials noted it is below the national rate of 4%.
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The Jacksonville Jaguars became the second NFL team this week to get a large sum of public money for a stadium renovation when the City Council voted 14-1 to approve $775 million toward a $1.4 billion renovation of EverBank Stadium.
The Jaguars and NFL are expected to pay $625 million toward the project, using NFL G-4 loans along with funds from items such as naming rights through the new 30-year lease and non-relocation agreement.
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The head of the Federal Reserve Bank of Atlanta remains “quite optimistic that things are heading in the right direction.”
In a video message posted Thursday alongside a longer-form piece, Raphael Bostic, president and chief executive of the Federal Reserve Bank of Atlanta, said that after the inflation rate declined rapidly in the second half of 2023, it seemed to stall early this year.
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A Maricopa County Superior Court judge shot down prevailing wage ordinances in Phoenix and Tucson.
“As both ordinances here violate the intact prevailing wage prohibition, they are preempted and cannot stand,” court documents stated.
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An economic public policy group believes a minimum wage increase would save thousands of lives across the state.
Columbus-based Scioto Analysis recently released a new cost-benefit analysis of the impact of raising the minimum wage. The analysis says raising the state’s minimum wage to $15 an hour would save about 4,100 lives over the next decade.
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U.S. Senator Bob Casey (D-PA) confirmed last Thursday that Democrats are still making decisions about tax cuts, including whether they will reverse the 2017 tax cuts championed by former President Donald Trump and other Republicans, including U.S. Senate nominee Dave McCormick.
Casey made the remarks to Roll Call after the publication noted that allowing the reduced tax rates established in the Tax Cuts and Jobs Act of 2017 to expire would violate President Joe Biden’s pledge not to increase taxes on those earning less than $400,000 per year.
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A new Michigan policy could cost Oakland and Macomb county households thousands in higher property taxes.
The Michigan House recently approved House Bill 4177, seeking to subsidize two nonprofit museums run through the Wright and Detroit Historical Societies. Because they likely could not stay open through admission fees and donations alone, Oakland and Macomb County residents would pay up to $200,000 in property taxes over the next 10 years.
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South Carolina’s attorney general called a federal judge’s decision to block part of President Joe Biden’s latest push to delay or cancel roughly half a trillion dollars in student debt “a huge win for South Carolina.”
On Monday, U.S. District Judge Daniel Crabtree in Kansas and U.S. District Judge John Ross in Missouri issued separate rulings halting Biden’s plan, dubbed the Saving on a Valuable Education — or SAVE — Plan. Republican attorneys general, including South Carolina Attorney General Alan Wilson, filed a lawsuit challenging the plan.
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A coalition of health insurers and employer groups is using a targeted ad campaign to call attention to private-public hospital expansions it says leads to higher premiums and out-of-pocket expenses.
The campaign comes as the Ohio State Wexner Medical Center continues to move forward with a $1.9 billion, 1.9-million-square-foot inpatient hospital expected to open in 2026.
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A recent survey found that 3 in 10 college students or recent graduates had job offers rescinded as a result of their “pro-Palestine” activism.
Intelligent surveyed 672 students or recent college graduates who have engaged in anti-Israel activism and found that 29% of them had a job offer rescinded in the past six months and 55% believe there was bias against them in the hiring process because of their activism.
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The fiscal 2025 budget, which Georgia Gov. Brian Kemp recently signed, includes $9.2 million for the Child and Parent Services Program and pay increases for direct care workers.
According to a national organization of family caregivers, the rate increases lawmakers passed are $6 per hour for direct care workers helping people with intellectual and developmental disabilities and $3 per hour for direct care workers supporting older adults.
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When Elon Musk’s xAI supercomputer plan was announced in Memphis, there was not a press release from Tennessee’s Department of Economic and Community Development, meaning there is not a state FastTrack grant associated with the project.
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Home prices hit a record high in May despite falling demand and sales activity, The Wall Street Journal reported on Friday.
The national median home price in the United States is now $419,300, a 5.8% increase from a year earlier and a new record high, according to the The Wall Street Journal. The record high comes as homeowners remain unwilling to list due to high mortgage rates.
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Nearly half of Americans report that the recent spike in inflation is making it harder to make ends meet, according to a new poll.
Monmouth University released a poll Wednesday showing 46% of Americans are “currently struggling to remain where they are financially.”
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Tennessee remains $523.7 million short of the original budget for tax and fee collections through the first 10 months of the fiscal year.
The May numbers were $29.5 million short of the budgeted amount but $52.4 million head of May 2023.
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The Biden administration’s hackneyed talking point of “the rich paying their fair share” sounds appealing at first. Who could be against fairness?
But there is nothing fair about a political agenda that punishes the middle class and lowers everyone’s standard of living — rich and poor alike.
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A partially federally funded South Carolina Agency is changing its name as it doubles down on its enforcement of crimes targeting the state’s vulnerable adult population.
South Carolina’s Medicaid Fraud Control Unit is changing its name to the Vulnerable Adults and Medicaid Provider Fraud Unit. State officials said the agency experienced a 30% increase in reports from law enforcement thanks to an outreach effort targeting local agencies over the past two years.
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Georgia’s unemployment rate increased slightly in May, hitting 3.2%, up from a revised 3.1% in April, and a leading Georgia business group said inflation is still challenging many businesses.
However, the Peach State’s unemployment rate was lower than the national unemployment rate of 4%, Georgia officials touted.
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The U.S. energy sector finds itself in a precarious position. Increasing geopolitical volatility and strong energy demand forecasts could spell trouble domestically in the future. The U.S. needs to stop hamstringing American energy companies and invest in the nation’s infrastructure, such as pipelines, processing, and production.
If we have learned anything in the last two and a half years, it’s that the U.S.’ energy industry is not free from geopolitical chaos globally. Russia’s invasion of Ukraine, the Houthi’s attacks in Yemen backed by Iran and turmoil in the Middle East have very real repercussions for the average American. We may not be as intensely intertwined with those realities as our European allies, but energy is a global market with implications for domestic prices, supply, and demand. While different events can affect prices at home, there are steps the administration can take to protect our energy sector.
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Nearly half of American electric vehicle (EV) owners want to buy an internal combustion engine model the next time they buy a car, according to a new study from McKinsey and Company, a leading consulting firm.
Approximately 46 percent of Americans who own an EV want to go back to a standard vehicle for their next purchase, citing issues like inadequate charging infrastructure and affordability, according to McKinsey’s study, which was obtained and reviewed by the Daily Caller News Foundation. The study’s findings further suggest that the Biden administration’s EV push is struggling to land with American consumers, after 46 percent of respondents indicated that they are unlikely or very unlikely to purchase an EV in a June poll conducted by The Associated Press and the University of Chicago’s Energy Policy Institute.
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A Democratic plan before the Ohio Senate would raise business and income taxes to establish universal health care throughout the state.
The legislation would give every Ohioan access to comprehensive health care without a co-payment or deductible and coverage could not be denied for preexisting conditions.
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An insightful, if pithy, tweet surfaced recently on my feed. It nicely summarized what happened to neutralize an awakening electorate in America over the past decade:
“They got you fighting a culture war to stop you from fighting a class war. It was designed that way in 2012 when the woke left & right were created. Occupy Wall Street/The Tea Party were making inroads uniting the political spectrum & the people against Wall Street following the 2008 crash. ‘We’ll get them to argue about women & their cocks instead'”
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America’s debt is growing faster than previously expected, largely due to actions taken by the Biden administration and recent legislation, according to the Congressional Budget Office (CBO).
The United States’ projected deficit is $1.9 trillion for the 2024 fiscal year, $400 billion higher than it was projected to be in February, the CBO announced Tuesday. CBO analysts increased their estimate due in large part to the foreign aid package signed by President Joe Biden in April and his administration’s efforts to reduce student loan balances.
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Estate planning could get a little easier in Michigan if a bill that cleared the Michigan House continues to move forward.
Sponsored by Rep. Doug Wozniak, R-Shelby Township, HB 5110 allows income trusts to convert to unitrusts, and vice versa. A unitrust gives a fixed percentage of the assets to the recipient per year, while an income trust provides a steady stream of income.
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The latest defense budget passed Friday authorizes over $920 billion in spending and contains significant investments in Virginia.
The commonwealth has one of the biggest military populations in the U.S., and the defense industry comprises a large portion of its economy.
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Maricopa County is taking a victory lap for taking steps toward wiping out some pension debt in this year’s budget.
The Public Safety Personnel Retirement System and Corrections Officer Retirement Plan, which is used for law enforcement when they retire, will have $500 million sent its way for “unfunded pension liabilities.” This came after a vote in which every member of the Board of Supervisors agreed to tackle the debt.
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Georgia continues to report tax collections lower than a year ago, with May’s collections down by more than 1% as the state heads toward the end of the fiscal year, new numbers reveal.
Georgia officials said the state’s net tax collections in May surpassed $2.4 billion. However, that is a decrease of 1.1% or $26.3 million compared to last May, when net tax collections approached $2.5 billion.
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Customers of one of Florida’s largest utilities had the opportunity to voice their opinions during a public hearing held by Florida regulators last week.
The Tampa Electric Company filed a petition with the Florida Public Service Commission in April to increase base rates for 810,000 residential, commercial and industrial customers in Hillsborough County and portions of Polk, Pasco and Pinellas counties.
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Something very strange is going on in America’s labor market. The employer’s survey in the June jobs report showed 272,000 jobs gained in May, and nearly 2.8 million jobs over the past year. These are both amazing figures given that the economy is at full employment.
While the employer’s survey is surely fine, the household survey, also produced by the Bureau of Labor Statistics (BLS), tells a strikingly different story, almost as though the country had two different labor markets.
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An electric vehicle (EV) producer that was once a splashy start-up company has filed for bankruptcy.
Fisker filed for Chapter 11 bankruptcy on Tuesday after trying and failing to secure more investment to stay afloat, the company announced. The company once attracted robust interest and hype, marketing itself as the Apple of vehicles, but it struggled to run as a public company and was stuck with thousands of EVs that it did not sell, according to The Wall Street Journal.
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To the outside observer, Arabella Advisors is nothing more than an accounting and human resources firm that helps charities get things done, not a billion-dollar political influence operation helping leftists remain in power.
But, in fact, it is the latter–although you’d never know it from the website. The organization certainly does not publicly hint that they run the largest political influence operation in America. Those who visit their site will be met with a simple slogan: “We help changemakers create a better world.” And who would impugn a noble goal like that?
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Georgia continues to report tax collections lower than a year ago, with May’s collections down by more than 1 percent as the state heads toward the end of the fiscal year, new numbers reveal.
Georgia officials said the state’s net tax collections in May surpassed $2.4 billion. However, that is a decrease of 1.1 percent or $26.3 million compared to last May, when net tax collections approached $2.5 billion.
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Contractors and large employers in Ohio are a step closer to being required to verify the immigration status of employees after the House of Representatives overwhelmingly passed a bill to require the use of E-Verify in hiring.
House Bill 327, which passed 85-6, now heads to the Senate.
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A recently-released policy memo by The Buckeye Institute exploring the rising costs of healthcare in the U.S. found that the largest single driver of costs in the industry is rising hospital costs.
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The Southern Poverty Law Center is laying off over 60 employees, a union representing the group’s employees announced recently.
While the group did not confirm the exact number of those being let go, it stated that the organization is “undergoing an organizational restructuring.”
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Black Lives Matter Global Network Foundation (BLMGNF) has paid out millions in contracts to insiders, newly released tax documents show.
The nation’s largest BLM organization approved lucrative contracts to firms owned by members of the organization’s leadership and their family members between July 2022 and June 2023, tax filings show. The shuffling of charitable funds to private companies owned by interested parties raises considerable ethical concerns given the lack of oversight and the possible conflicts of interest, experts told the Daily Caller News Foundation.
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Following the long-awaited reopening of the federal channel in the Port of Baltimore after the infamous shipping accident in March, the Biden Administration’s Department of Transportation (DOT) estimates that it will cost between $1.7 billion and $1.9 billion to rebuild the Francis Scott Key Bridge.
As ABC News reports, the work to remove debris from the collapsed bridge and the damaged vessel culminated in the reopening of the McHenry Federal Channel to a passage of about 700 feet wide and 500 feet deep, allowing traffic to flow through the harbor once again. Workers will continue removing debris within an established safety zone, and deep draft vessels are required to have a single-escort tug until the cleanup work is completed.
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