President Biden has just unveiled a new $2.3 trillion “infrastructure” plan, but a shockingly large portion of this bill is actually unrelated to infrastructure.
The plan includes massive subsidies for corporations as well as state and local governments, and comes right after the administration’s proposed increase in the corporate tax rate, which would raise the rate from 21 percent to 28 percent.
There’s $300 billion for manufacturing, $100 billion for electric utilities, $100 billion for broadband, $174 billion for electric vehicles, and a whole lot more. A significant portion of this spending is directed at subsidizing big corporations. Read More
Friday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed Nashville Taxpayer Protection Act Attorney Jim Roberts to the newsmakers line to give updates on where he stands in the fight against Metro Legal to get the proper number or petitions solidified to move forward with his referendum. Read More
Commissioner of the Tennessee Department of Finance and Administration Butch Eley announced Friday that tax revenues to the state for the month of February exceeded the budgeted estimates by $190.9 million, which puts the fiscal year surplus at $1.3 billion.
February revenues of $1.13 billion represent an 11.06 percent growth rate or $112.7 million more than February of last year. Read More
Nashville Metro Council agreed to create two new positions relating to racial diversity, equity and inclusion for “social justice” on Wednesday. If approved by Mayor John Cooper, these two hires could cost taxpayers over $250,000 a year. Read More
Cooper has already agreed to the creation of these positions, along with Director of Finance Kevin Crumbo and Director of Human Resources Shannon Hall. The ordinance passed unanimously without discussion, after a unanimous vote from the budget committee.
Citizens opposing Mayor John Cooper’s property tax hike and war against bars and restaurants filed a petition to recall him and seven Metro Council members Monday.
Restore Nashville and Re-open Nashville, were among the groups that held the “Recall Mayor Cooper Petition Kickoff Rally” Monday at Public Square Nashville.
Stop Mayor Cooper was another group on Facebook organizing the rally. Read More
Minneapolis Mayor Jacob Frey gave his preliminary 2021 budget address Friday, in which he suggested how the city could improve its finances after restrictions put in place to slow the COVID-19 pandemic battered tax revenue.
Fifty-five percent of the city’s ongoing general fund revenue is gathered from sources other than property taxes, Frey said, sources he added that are projected to drop next year by $32.5 million. Read More
The Comer Barn was a “gift” to Sumner County from Rogers Group Inc. by way of a deed that had no funds involved, County Executive Anthony Holt announced to Sumner County Board of Commission members at several committee meetings in April 2016.
The old and picturesque stone horse barn, considered by many as a historic structure, is located on Highway 31 between Gallatin and Hendersonville on the property of one of Rogers Group’s quarries. Rogers Group is a road paver and builder, asphalt supplier and the largest privately-owned crushed stone, sand and gravel mix company in the U.S. Read More
Every U.S. state taxes fuel sales to fund road repairs.
Fully half of them, however, divert a portion of those taxes for other purposes. And Michigan, with a gas-tax diversion rate (GTDR) of 33.9 percent, is ranked with New Jersey as the third highest GTDR in the nation. Only New York (37.5 percent) and Rhode Island (37.1 percent) have higher GTDRs. Read More
A volunteer effort is seeking to protect taxpayers from reckless government spending by putting a Nashville Taxpayer Protection Act on the ballot in December.
The goal of this act is to force the government to be fiscally responsible through a series of amendments to the charter of the Metropolitan Government of Nashville and Davidson County. Read More
Live from Music Row Wednesday morning on The Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m. – host Leahy welcomed guest Metro Councilman-at-Large Steve Glover to the newsmakers line. Read More
The City Council of Hermantown, a Duluth suburb, wants state lawmakers to approve a resolution to place a half-cent sales tax increase on the November ballot.
Council members this week passed a resolution 4-1 to consider increasing the city’s sales tax by 0.5 percent for 20 years. Read More
As budgets for the operation of Sumner County government and schools are set to be approved by the Board of County Commissioners at the regularly scheduled monthly meeting on Monday, June 17, the proposed spending plan will require an increase in the property tax rate. While the amount of… Read More
Earlier this year, the Democrat super-majority in the California legislature passed a substantial gas tax hike. Though wildly unpopular with the relative few who took notice, Governor Jerry Brown signed it quickly, and put into motion an uptick in fuel costs to consumers estimated to raise a staggering $5 billion in new recurring… Read More