Tax Policy

Trump Advocates Tariff-Based Tax System Over Income Tax for Federal Funding
Economic & Fiscal Trump Advocates Tariff-Based Tax System Over Income Tax for Federal Funding

Former President Donald Trump has recently advocated for abolishing the income tax in favor of a tariff-based revenue system for federal funding, reigniting a longstanding debate in U.S. tax policy and stirring various discussions on its feasibility and potential impact. Trump's proposals align

Maryland Faces Budget Shortfall from Inheritance Tax Repeal
Government Maryland Faces Budget Shortfall from Inheritance Tax Repeal

The Moore administration in Maryland recently proposed eliminating the state’s inheritance tax starting in the fiscal year 2026. This move is part of a broader fiscal strategy aimed at addressing a projected $3 billion shortfall in the state’s budget. However, the proposal has led to unintended

How Will Governor Healey's Budget Impact Massachusetts Residents?
Economic & Fiscal How Will Governor Healey's Budget Impact Massachusetts Residents?

Massachusetts Governor Maura Healey has introduced a comprehensive budget that proposes a range of tax adjustments, policy measures, and transportation investments. While Healey insists that there will be no increase in taxes, her budget includes applying existing taxes to some new products and

What Are the Risks and Opportunities for Real Estate in Trump’s Term?
Economic & Fiscal What Are the Risks and Opportunities for Real Estate in Trump’s Term?

The article "Risks and Opportunities for Real Estate in Trump’s Second Term" delves into how the multifamily housing industry may be shaped by the policies and legislative changes anticipated during President Donald Trump's second term. The analysis examines the intertwined legislative, regulatory,

Brockville Faces Potential Doubling of 2025 Tax Levy Due to Capital Needs
Economic & Fiscal Brockville Faces Potential Doubling of 2025 Tax Levy Due to Capital Needs

Brockville's city council is grappling with a significant challenge as they consider over 100 proposed capital projects for the 2025 budget. These projects, essential for maintaining and enhancing the city's infrastructure and services, could nearly double the city's tax levy increase. The council

Governor Moore Proposes Tax Reforms to Address Maryland's Budget Deficit
Economic & Fiscal Governor Moore Proposes Tax Reforms to Address Maryland's Budget Deficit

Governor Wes Moore has unveiled a budget proposal that aims to reform Maryland's tax system while addressing a significant budget deficit. This plan, which Moore posits as a remedy for an inequitable tax system, proposes cuts for the majority of taxpayers but implements tax hikes for the state’s

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