In 2017, Vermont had the third most oppressive business taxes in the country. After our 2018 tax hike, Vermont can compete with California and New Jersey for the ignominious title of “state with the highest taxes on enterprise.”
The great tax and spending deadlock of 2018 is now over. Gov. Scott, after a hectic month of thrust and counterthrust with the Democratic House and Senate, got most of what he wanted.
Thursday’s Supreme Court decision in South Dakota v. Wayfair, Inc. threatens to upend online commerce, drive thousands of small entrepreneurs out of business, and hike prices for hundreds of millions of consumers.
The court essentially ruled that all 50 states and the tens of thousands of local tax jurisdictions are now permitted to reach outside their borders and require out-of-state internet retailers to collect and remit local sales taxes.
The tax on jobs faced significant pushback from the city’s employers, including large corporations such as Amazon and Starbucks, that threatened Seattle’s economic growth.
Lawmakers can cover the expense of infrastructural improvements while also keeping gas taxes at historic lows, according to a report Monday from a D.C.-based consulting firm.
Overall, New Hampshire ranked No. 1 in the nation for good ROI. Vermont ranked 45, the fifth worst.
With the explosive growth of online shopping, states and municipalities complain that they are losing out on billions of dollars in sales tax revenues, and the laws hindering the sales tax collection, which were made for mail catalog companies, are outdated and ill-suited to today’s economic realities. They have a point.
House Minority Leader Nancy Pelosi vowed Wednesday that Democrats will rework the GOP tax bill if they successfully retake the House in the 2018 midterm elections.
More than half of registered voters in blue or battleground states that Donald Trump won in the 2016 presidential election, each of which has a Democrat senator up for re-election, say the economy is better than it was a year ago, according to a new survey.
“This is very important for Vermonters to hear and know about,” Turner said. “They are going to see an increase in their income tax if we don’t fix this, and the majority is comfortable with that because they will have that much more money to spend.”