A new law signed by Ohio Gov. Mike DeWine will increase tax exemptions for spouses of fallen first responders.
House Bill 17 was an expansion of previous legislation and increases the homestead tax exemption from $25,000 to $50,000. The legislation allows the spouse of a fallen first responder to exempt $50,000 of their home’s appraised value from property taxes or the manufactured home tax. Read More
New York Gov. Andrew Cuomo, who once pled for an influx of healthcare workers to treat COVID-19, now says they have to pay up for the privilege of having worked there to treat the coronavirus.
Cuomo said out-of-state medical professionals who volunteered to help his state owe income taxes, Fox News said. That applies even if they stayed on the payroll in their home states. However, only workers who stayed in New York for more than 14 days are on the hook. Read More
A new bill package introduced to the Michigan House of Representatives could help fix local roads without increasing taxes. Read More
More than 50 Michigan business leaders are pushing for the legislature to support a tri-county regional transit tax that would cover Oakland, Washtenaw and Wayne counties. 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
The CEO of FedEx challenged New York Times publisher A. G. Sulzberger to a public debate Sunday after the publication reported that the company didn’t pay any federal taxes in 2018. Read More
by Rick Manning Stock markets go up and down based upon the latest trade rumors. Predictions of price hikes make headlines, yet the inflation rate remains at the levels, 2.0 percent at last count, desired by the Federal Reserve. What is going on? And is this even really a trade war with… Read More
The Republican-held Ohio Senate joined Republicans in the House of Representatives in opposing Gov. Mike DeWine on his proposed gas-tax hike. House Bill 62 (HB 62), the 2020-21 Ohio transportation budget, first proposed by DeWine on Feb. 12, originally called for an 18 cent increase to the current gas tax. This was the… Read More
by Brittany Hunter When the private sector needs to generate more revenue, entrepreneurs innovate and create in order to draw in consumers and raise profits. When the government needs to generate additional revenue, they are left with only one option: Extort through fees and taxation. And after it has taxed… Read More
A federal court has ruled that all of the Affordable Care Act, or Obamacare, is unconstitutional based on the individual mandate that requires people to have insurance and how that affects a new tax law. The ruling came just before Saturday, which is the deadline to enroll for Obamacare for… Read More
by Brittany Hunter “If it moves, tax it.” That’s government’s eternal motto, as Ronald Reagan quipped. To this, the city government of Chicago has added, “If it amuses, tax it.” A few weeks ago, PlayStation 4 users in Chicago were shocked when they turned on their consoles and saw a… Read More
by Richard McCarty Congresswoman Maxine Waters (D-CA-43) represents all that is wrong with Washington, D.C., yet she is next in line to chair the House Financial Services Committee should Democrats seize control of the House. It should be noted that the Financial Services Committee has broad authority with jurisdiction… Read More
Although the federal tax cuts promoted by President Donald Trump and passed by the Republican Congress, without a single Democrat vote in support of the plan, are not yet fully in place Tennessee voters support the plan according to a new Tennessee Star poll conducted in early September. The tax… Read More
Tennessee State Senators Bo Watson (R-Hixson) and Todd Gardenhire (R-Chattanooga) joined State Representative Mike Carter (R-Ooltewah) to file Senate Bill 2656, which would end mandatory emissions tests for vehicles registered in those counties that still have the requirement. The bill’s summary, as it appears in the legislative database reads: Motor Vehicles –… Read More
Early voting for the Williamson County referendum to raise the sales tax began Wednesday and will run through Thursday, February 1. On the ballot is a proposal that would increase the county’s contribution to the state sales tax by a hefty 22 percent resulting is a new tax rate of 2.75… Read More
US President Donald Trump will roll out a plan to reform America’s tax code Wednesday, a high stakes bid to salvage his agenda and bolster his faltering presidency. Amid a string of legislative setbacks, Trump teased a “big announcement tomorrow,” when the White House and Republicans will unveil tax reform… Read More
Proponents of Governor Bill Haslam’s fuel tax increase claim it is actually a tax CUT thanks to reductions in a couple of large corporate taxes, like the Franchise & Excise tax. Cutting taxes on businesses to create more job growth while we have a $2 billion surplus is a great… Read More
Once again, powerful business interests have approached the Metro Nashville Development and Housing Agency for a tax break, and once again, the Metro Nashville Development and Housing Agency appear to be all-too-happy to grant their request. Nashville taxpayers, however, are not so eager. In a statement released by the Beacon… Read More