The multi-million dollar projects are the latest to get attention because of their approach to financing — increasing the city’s sales tax from 7 percent to 8 percent via a local option tax on food, lodging and alcohol.
If Ocasio-Cortez’s call for “60 or 70 percent” top tax rates won’t pay for a “Green New Deal,” Democrats will likely have to come up with other ways, including a possible carbon tax, to pay for it.
New York Democratic Rep. Alexandria Ocasio-Cortez, a self-identified Democratic socialist, claimed the U.S. can implement her environmental agenda if the government taxes the very wealthy by as much as 70 percent.
For every American, Christmas came early this year. President Donald Trump gave everyone a gift they did not ever expect; but far too few appreciate it. He gifted our nation with the most aggressive tax cut in decades.
The Tax Cuts and Jobs Act touted by President Donald Trump is one of three reasons that at least 19 states are reporting unexpectedly high general fund revenue halfway through fiscal year 2019, tax policy expert Adam Michel.
Today we find ourselves at another existential crossroad of imbalance. Yes, we’ve survived similar times, but the collective commonwealth that nearly wiped out the Pilgrims is again creating unsustainability.
Subtle changes to Vermont tax law will result in higher income and property taxes for many Vermonters.
Vermont corporate income tax (CIT) receipts through September, 2018 jumped a whopping 80 percent over the first nine months of 2017. Grateful lawmakers can thank the main architect of the 2017 federal tax cuts: President Donald Trump.
“We employ about 500 employees, and thanks to Mr. Trump and tax reforms and the general confidence in the economy, we have really been able to invest more in our employees and grow our company in the last year,” Wilson told the gathering.
Just 50 employees receiving a modest, average $10,000 in combined federal benefits would require your company to send the IRS an extra half-million dollars a year.
The House Ways and Means Committee plans to consider a series of three new bills that it is calling “Tax Reform 2.0.” The package would make much of last year’s tax reform permanent, introduce new simplifications for family saving, and provide a helping hand for new small businesses.