Tag: tax cuts

January 25, 2023

Democratic Gov. Tony Evers announced Tuesday he wants to work with Republicans to divert as much as 20% of the state’s sales tax revenue to help fund local communities, including police and emergency services, while he also promised to cut […]

January 24, 2023

Democratic Gov. Laura Kelly is preparing to outline what she is likely to call a middle-of-the-road agenda for a Republican-controlled Kansas Legislature that already expects to ditch much of what she’ll propose in favor of more conservative ideas on taxes […]

January 19, 2023

South Dakota lawmakers are considering a number of tax cuts this year, including Gov. Kristi Noem’s campaign promise to repeal the grocery tax. The only problem is deciding on which ones. Republican lawmakers are proposing alternative tax cut schemes, such […]

August 31, 2022

Stoked by the largest surplus in state history, Missouri’s Republican-led Legislature devised a $500 million plan to send one-time tax refunds to millions of households. In a shock to some, GOP Gov. Mike Parson vetoed it. Parson’s objection: He wanted […]

April 7, 2021

The proposed increase to the corporate tax rate in President Joe Biden’s landmark infrastructure plan will not lead to a significant reduction in business investment, according to a new study from the University of Pennsylvania’s Wharton School. Of utmost interest […]

March 9, 2021

President Joe Biden’s coronavirus relief plan will boost low-income households more than the tax law signed by former President Donald Trump did, an analysis shows. The $1.9 trillion pandemic aid bill as passed by the Senate will raise after-tax income […]

June 5, 2020

Investors who were sitting on the sidelines during coronavirus will get some more time to partake in a new tax play. Qualified opportunity funds were created by the Tax Cuts and Jobs Act of 2017. They offer taxpayers an incentive […]

February 11, 2019

The first U.S. tax filing season under the overhaul that President Donald Trump signed into law at the end of 2017 got off to a slow start in the first week, with data released on Friday showing a significant drop […]

April 30, 2018

As Americans filed their taxes this spring, they wrestled for the last time with a system that for decades plundered their paychecks and made American businesses uncompetitive. The Tax Cuts and Jobs Act signed into law by President Trump in […]

April 9, 2018

Last year’s aggressive tax cuts are at the heart of a worsening budget situation that will see deficits surge in the years ahead, according to an op-ed by former Fed Chair Janet Yellen and others. The essay, published in Sunday’s […]

January 2, 2018

Just back from a year-end break, Congress returns to a busy calendar with tight January deadlines on pressing issues ranging from children’s health care to avoiding a government shutdown. Last month’s protracted battle over a $1.5 trillion package of tax […]

December 20, 2017

Tax relief for the middle class is the “heart” of the Republican tax plan expected to become law in the coming days, President Donald Trump said Wednesday. Moments after touting middle-class benefits, however, Trump noted that slashing the corporate tax […]

December 15, 2017

Federal Reserve officials do not seem to be buying what tax-cut advocates are selling, namely that economic growth will offset the proposed rate reductions. Even with the sharp uptick in 2018 GDP projections, central bank policymakers view gains in coming […]

October 24, 2017

The feud between President Donald Trump and Sen. Bob Corker erupted with new vitriol Tuesday, with the pair delivering blow after blow on Twitter and on television only hours before they were set to attend a Senate GOP lunch on […]