Keyword: taxes

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  • What You Need to Know About Amendment 73 and Public Education Funding (Colorado)

    09/18/2018 7:33:28 PM PDT · by george76 · 20 replies
    Independence Institute - Fiscal Policy Center ^ | September 18, 2018 | Linda Gorman
    In November 2018, voters will decide on Amendment 73, a state constitutional amendment which would increase income, property and corporate taxes in Colorado .... Amendment 73 effectively ends protections against continuous increases in residential property taxes. It increases the state residential property tax assessment rate for school districts. Commercial property will enjoy reduced rates. ... Amendment 73 reduces legislative oversight by locking increased spending into the state constitution. There is no guarantee that more spending will increase educational opportunities for existing students.
  • Dems Object to Federal Pay Freeze [semi-satire]

    09/17/2018 10:59:10 AM PDT · by John Semmens · 3 replies
    Semi-News/Semi-Satire ^ | 16 Sep 2018 | John Semmens
    Democrats in Congress are calling for legislation to reinstate a pay increase that President Trump canceled by executive order. Rep. Jamie Raskin (D-Md) labeled Trump’s pay freeze “an indefensible attack on the hard-working government employees who keep the country going.” The reasoning behind the federal pay freeze is that government workers already earn far more for comparable work than their private sector counterparts. According data from Bureau of Economic Analysis, annual wages for federal government employees is nearly $89,000 vs. $59,000 for similar jobs in the private sector. When fringe benefits are counted, the gap widens to $127,000 vs. $71,000....
  • Small Georgia Manufacturer Creates New Jobs, Invests Heavily in New Equipment Due To Tax Reform

    09/13/2018 2:09:12 PM PDT · by 2ndDivisionVet
    Shopfloor ^ | September 13, 2018 | Christopher Netram
    At Evans Tool & Die, a family-owned toolmaking and stamping business in Conyers, Georgia, employees have always come first. “Generosity is one of our core values,” explained Dee Barnes, President and CEO of Evans Tool & Die. “We’ve always shared profit with our employees, and we have always given bonuses each year. With tax reform we will be able to increase those bonuses to our employees. Evans Tool & Die has always tried to reward hardworking employees. Despite much of the tool industry going elsewhere in recent decades due to an uncompetitive economic climate in the United States, Barnes has...
  • GOP tries to tighten the screws on Dems with 'Tax Reform 2.0'

    09/11/2018 9:42:24 AM PDT · by SeekAndFind · 19 replies
    The Hill ^ | 09/11/2018 | BY CHRIS WILLIAM SANCHIRICO
    This week, House Republicans are poised to release what they are calling “Tax Reform 2.0," their update to last December’s massive rewrite of the tax code. GOP leaders promise a floor vote by the end of the month. As a matter of substance, and against the backdrop of December’s historic changes, the new proposals are more “0” than “2." But as a matter of politics, they put Democrats in a tough position heading into the midterm elections. Still Democrats may have some options. Based on what we know from brochure-like previews, the centerpiece of Tax Reform 2.0 will be to...
  • It’s okay to admit that Trump deserves some credit for the economy

    09/11/2018 9:30:12 AM PDT · by 2ndDivisionVet · 15 replies
    Vox ^ | September 11, 2018 | Matthew Yglesias
    Monday afternoon. in lieu of a normal White House press briefing, we were greeted with the odd spectacle of Council of Economic Advisers Chair Kevin Hassett greeting the press corps with charts and graphs designed to make it clear that Donald Trump’s election is responsible for 2018’s rosy economic conditions. The lecture he prepared was fairly unpersuasive on a number of levels, starting with the extent to which Hassett found himself trying to back-date the inflection point to Election Day 2016, well before any actual Trump policies had taken effect. But in an administration whose messaging is normally nonstop risible...
  • House lawmakers unveil 'Tax Reform 2.0' ahead of midterms

    09/10/2018 2:53:41 PM PDT · by yesthatjallen · 19 replies
    The Hill ^ | 09/10/18 | Niv Elis
    House Ways and Means Committee Chairman Kevin Brady (R-Texas) on Monday unveiled a package of three bills touted as a sequel to the 2017 GOP tax law. "Last year we said goodbye to America’s old, broken tax code," said Brady. "Under our new system, we’re seeing incredible job growth, bigger paychecks, and a tax code that works on behalf of families and American businesses. Now it’s the time to ensure we never let our tax code become so outdated again. We look forward to bringing these bills to the Committee soon.” The bills would make permanent some temporary aspects of...
  • Obama Claims Credit for Economic Boom [semi-satire]

    09/09/2018 10:23:51 AM PDT · by John Semmens · 7 replies
    Semi-News/Semi-Satire ^ | 9 Sep 2018 | John Semmens
    As we move closer to the mid-term election day, the stream of favorable economic news following the Republican tax cuts and President Trump's moves toward deregulation has spurred former President Obama to step forward to try to make the case that his policies were the real source of the current boom. In a speech at the University of Illinois, Obama attempted to persuade people that "the credit for the prosperity that is breaking out today truly belongs to me. The GOP tax cuts wouldn't have been as effective if taxes hadn't been so high during my term. Likewise for the...
  • Will the next mayor get Chicago its cut of a booming economy? (Rahm was the greatest!)

    09/09/2018 9:22:46 AM PDT · by Libloather · 17 replies
    Chicago Tribune ^ | 9/09/18 | Editorial Board
    **SNIP** What keeps the city afloat, and allows it to maintain a robust jobs-based economy, is the ability to borrow money and deliver services. Only cities that manage their finances responsibly can hope to woo the bond market, and that’s what Emanuel has done. In municipal bond circles, he’s seen as a trusted partner whose departure is unsettling. “I’ve been pretty impressed with the mayor,” Howard Cure of Evercore Wealth Management told The Bond Buyer, an industry publication. “He inherited a very structurally weak budget and I think he’s made a lot of improvements and is striving to achieve structural...
  • (NJ) The gas tax was just raised, and it could keep going up

    09/05/2018 6:37:04 PM PDT · by Coleus · 14 replies ^ | 09.04.18 | Samantha Marcus
    New Jersey's gas tax is going up this fall for the second time in two years. And all indications are that it is going to keep going up, an industry expert says. And up. And up. Gas tax collections have fallen behind for two years now, precipitating Gov. Phil Murphy's administration to announce Thursday that it is raising the motor fuel tax 4.3 cents, bringing state taxes on a gallon of gasoline sold in New Jersey to 41.4 cents -- the ninth-highest of any state. This follows a whopping 23-cent-per-gallon increase passed by the state Legislature and signed into law...
  • How Rahm Emanuel’s exit may affect Chicago’s bid for Amazon’s HQ2

    09/05/2018 12:02:12 PM PDT · by 2ndDivisionVet · 12 replies
    The Virginian-Pilot ^ | September 5, 2018 | Ryan Ori And Lauren Zumbach, The Chicago Tribune
    Chicago Mayor Rahm Emanuel’s Tuesday announcement that he won’t seek a third term throws a big unknown into the city’s efforts to score Amazon’s second headquarters, which would be the crowning achievement in a line of corporate wins under his leadership. The city is one of 20 locations in the running for what Amazon has dubbed HQ2, which will bring up to 50,000 high-paying new jobs to the chosen North American location. Amazon has said it will pick a location by year’s end. Emanuel has been hands-on in trying to woo Amazon to Chicago, touting the city’s growing tech sector,...
  • The Latest Cockamamie Scheme: Will the Split-Roll Property Tax Destroy California?

    09/02/2018 9:37:39 AM PDT · by SeekAndFind · 32 replies
    American Thinker ^ | 09/02/2018 | By Wayne Lusvardi
    Eight hundred fifty thousand signatures have been gathered in California in support of a voter initiative that would supposedly increase property taxes by 2020 for commercial and industrial properties to get around Proposition 13 property tax protections.  The initiative would leave small business and residential properties alone.  It is called the California Schools and Local Communities Funding Act.  But raising property taxes on leased commercial properties would result in lower tax revenues. What Is Split-Roll Property Tax? A split roll tax means applying a tax formula for commercial and industrial properties different from the formula applied for residential properties.  The tax roll is...
  • Gillum: Florida would tax corporations, join other states to pay for Medicare for all

    09/02/2018 7:37:47 AM PDT · by Libloather · 45 replies
    The Hill ^ | 9/02/18 | Brett Samuels
    Florida gubernatorial candidate Andrew Gillum (D) said Sunday that he would increase taxes on corporations in the state to help fund his plan to provide Medicare for all. Gillum was pressed on CNN's "State of the Union" about his pledge to provide medical care for everyone in his state, including how he would pay for it. "I don’t buy that," Gillum said when asked if higher taxes are a prerequisite of Medicare for all. "I will absolutely not raise taxes on everyday working Floridians."
  • How looking environmental can make you a crony fortune ( Xcel Colorado )

    09/02/2018 6:03:05 AM PDT · by george76 · 25 replies
    wsoe ^ | September 1, 2018 | Jon Caldara
    Xcel again proved its preeminent power over every crack and crevasse of state government when the governor’s appointed Public Utilities Commission approved Xcel’s plan to close two state-of-the-art power plants a decade before they’re supposed to. At the same time the PUC acknowledges Xcel was lying when they said the move would save us money. ... The public relations spin on this corporate heist is glorious. Even though the coal-fired power plants, Comanche 1 and 2, are the most clean-burning that modern technology allows, making them the cleanest in the nation, they still use vilified coal, so this move looks...
  • California's taxes and greenie laws breaching the gates of even Silicon Valley

    08/31/2018 8:09:26 AM PDT · by SeekAndFind · 11 replies
    American Thinker ^ | 08/31/2018 | Monica Showalter
    The Economist has a fine cover story on the decline of the Silicon Valley, warning that its famed garage start-ups are fleeing to places such as Fort Lauderdale and Pittsburgh. Here's its title leader:  Why startups are leaving Silicon Valley, which sums the problem up as this: Its combination of engineering expertise, thriving business networks, deep pools of capital, strong universities and a risk-taking culture have made the Valley impossible to clone, despite many attempts to do so. There is no credible rival for its position as the world’s pre-eminent innovation hub. But there are signs that the Valley’s...
  • Wisconsin state official highlights state economy in comparison to Illinois

    08/31/2018 5:51:49 AM PDT · by KeyLargo · 7 replies
    Illinois News Network ^ | Aug 24, 2018 | Cole Lauterbach
    Wisconsin state official highlights state economy in comparison to Illinois By Cole Lauterbach | Illinois News Network Aug 24, 2018 (…) Wisconsin's top economist is using Illinois as an example to highlight how well Wisconsin's economy is doing. John Koskinen is the chief economist for the Wisconsin Department of Labor. In a speech earlier this month for the Wisconsin Manufacturers and Commerce Policy Day, he used Illinois’ economy in a comparison with Wisconsin’s to show how well they’re doing. Using federal labor numbers, he said nearly every county in Wisconsin has seen the number of new businesses operating grow by...
  • Italy mulls massive tax break to lure retirees, ... to its sun-soaked southern regions

    08/26/2018 10:32:23 PM PDT · by aquila48 · 38 replies
    Telegraph ^ | 24 AUGUST 2018 | Nick Squires
    British retirees thinking of moving to the sun-soaked south of Italy could soon be able to take advantage of a massive tax break that is being mooted by the country’s new government. The populist administration hopes to reverse the chronic population decline of Italy’s southern regions by luring people to settle there with the promise of paying no taxes for 10 years. The scheme will be open not only to Italians but to foreigners too, it is envisaged. The idea has been proposed by The League, the hard-Right party which makes up one half of the coalition which came to...
  • Mueller May Have Information on Trump's Tax Returns (because of Russia)

    08/25/2018 8:46:12 PM PDT · by Libloather · 65 replies
    MSN ^ | 8/24/18 | Alexandra Hutzler
    Robert Mueller may be closing in on Donald Trump's undisclosed tax returns, George W. Bush's former ethics attorney Richard Painter says. In an interview with MSNBC's Brian Williams during a recent segment on The 11th Hour, Painter said that the president must be worried as an immunity deal was reported to be extended to the Trump Organization's chief financial officer Allen Weisselberg. While the immunity deal doesn't necessarily mean direct trouble for Trump, it resulted in prosecutors investigating the president's former personal lawyer Michael Cohen getting information under oath from someone deeply involved in Trump's business. "Now we have the...
  • Cynthia Nixon paid wife salary, used corporation to curb her taxes, new documents show

    08/25/2018 2:14:56 AM PDT · by Libloather · 25 replies
    NY Daily News ^ | 8/24/18 | JILLIAN JORGENSEN
    Before Cynthia Nixon’s wife Christine Marinoni landed on the city payroll, she got a salary from - Cynthia Nixon. Newly-released tax documents show that Marinoni in 2013 drew a $96,200 salary - $117,560 counting retirement contributions - from The Fickle Mermaid, a pass-through corporation Nixon set up to handle her acting income and expenses. Nixon paid Marinoni a salary because of her role as her business partner, a campaign spokeswoman said. The company stopped paying Marinoni in 2014, when she got a job in the city Department of Education under Mayor de Blasio, a longtime Nixon pal whose campaign she...
  • Letter: Trump fixed the economy

    08/23/2018 10:16:33 PM PDT · by 2ndDivisionVet · 11 replies
    The Concord Monitor ^ | August 24, 2018 | Steve Earle
    Does anyone here in New Hampshire really believe the Democratic Party’s call for raising taxes and re-establishing all the regulations Donald Trump ended on business will make life better for working people? If so, I invite them to explain to me how. Whether you love Trump or hate him, he has brought our economy, jobs and standard of living back from more then a decade of steep decline. I don’t care who you want to blame for that; it’s a fact that President Trump fixed it and that’s what counts. I really don’t give a darn if the rich are...
  • Fix Our Damn Roads measure on the November ballot ( Colorado )

    08/23/2018 7:59:13 AM PDT · by george76 · 33 replies
    Independence Institute ^ | August 22, 2018 | Jon Caldara
    For too long the state has held our roads and bridges hostage while increasing spending on other priorities like Medicaid expansion, hoping we taxpayers get so frustrated by traffic we’ll agree to a tax increase. Well, this fall voters will have a choice. As the Denver Chamber of Commerce pimps a 21% state sales tax increase for transit, roads and a slush fund for cities, there will be an alternative as our Fix Our Damn Roads initiative will also be on the ballot. It will force the state to use its large surplus funds and re-prioritize less than 2 percent...