January 6, 2014
(Original Post) January 02, 2014 12:00 am • By Doug Ross Indiana Gov. Mike Pence wants to eliminate the personal property tax for businesses, perhaps paying for it by increasing county income taxes. He’s also talking about a very modest state income tax break. At the same time, Indiana’s revenues haven’t kept pace with expectations. […]
January 6, 2014
Logan T. Carlson Central Wisconsin Sunday As the calendar flips to another year, there are rumblings in the State Capitol of Gov. Scott Walker considering idea of eliminating the state’s income tax in favor of shifting the state’s revenue toward a sales tax. No official proposal has been developed or released by Walker, but […]
January 6, 2014
(Original Post) By Michael Hiltzik January 5, 2014, 5:00 a.m. Here’s a business practice likely to keep booming in 2014: corporate extortion. We don’t mean extortion of corporations, as is practiced by Somali pirates or entrepreneurial Russians. We mean extortion by corporations. In this field the victims are taxpayers, and what makes it a beautiful […]
December 30, 2013
(Original Post) Without congressional action to extend state and federal tax deductions, 11 million taxpayers will lose $17 billion. By Jo Erickson | December 26, 2013 As the year ends nine federal tax provisions will expire, causing some to pay more in state and local sales taxes. Most critics agree that state and federal taxes […]
December 30, 2013
(Original Post) December 27, 2013 10:25 am • STEVEN ELBOW | The Capital Times | [email protected] Gov. Scott Walker raised a lot of eyebrows earlier this month when he broached the idea of scrapping the state income tax, joining seven other states. So what do Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming do […]
December 30, 2013
(Original Post) By Kavitha A. Davidson Dec 27, 2013 4:38 PM ET What does Governor Dannel Malloy really get from keeping ESPN in Connecticut? It turns out professional teams and leagues aren’t the only billion-dollar sports entities getting big breaks on their tax bills. The New York Times reports that ESPN, the self-proclaimed “worldwide leader […]
December 30, 2013
(Original Post) By Christian Gaston | [email protected] Email the author | Follow on Twitter on December 28, 2013 at 9:00 AM, updated December 30, 2013 at 10:06 AM Email Get top news in your inbox every morning. Sign up for email updates here. Sponsored Link Oregon’s tax system is a cobbled-together mess. Property tax rules […]
December 19, 2013
Now we have proof that Chicago doesn’t need gimmicks to win a major corporation Phil Rosenthal December 19, 2013 Any out-of-towner can fall in love with Chicago when it’s warm. Commit in December to making it your home and, beyond affection, it’s likely you’ve simply decided this is somewhere you need to be. Three […]
December 19, 2013
When it comes to corporate incentives, leave it to an aerospace company to test the limits of what will fly. For those hoping to host production of its newest big jet, Chicago-based Boeing has a wish list that even Santa, his reindeer and all his little helpers would be hard-pressed to lift, let alone […]
December 13, 2013
(Original Post) Excerpt States and localities devote an estimated $50bn to tax incentives every year as they jockey for the promise of jobs related to new company operations or the threat of relocation, according to the Washington-based Institute on Taxation and Economic Policy (ITEP) think-tank. Recent examples include Archer Daniels Midland, an agribusiness group, that […]
December 12, 2013
12:06 am December 12th, 2013 by Tyler Mangrum – The Capitol Hill Times – Following the slim victory of a SeaTac measure raising the minimum wage to $15 per hour, the labor organizations that helped push forward the initiative took aim at northern King County and the City of Seattle in a march from SeaTac […]
December 12, 2013
(http://artvoice.com/issues/v12n50/news_analysis) by Bruce Fisher The gift economy of New York State In this glorious season of new-fallen snow, warm hearths, and extra hugs, one recalls times past though today’s insanities keep us busy. In our house, away from new reports about public handouts to very rich people, we escape into traditions, and replenish them, too. […]
December 11, 2013
(Original Post) By Judy Martel Published December 10, 2013 Bankrate.com As Americans continue to climb out of the worst economic downturn since the Great Depression, many experts are taking note of a widening gap between the “haves” and the “have-nots.” Federal income data over the past 20 years show a growing divide in income among […]
December 10, 2013
(Original Post) December 9, 2013|By Jason Garcia, Orlando Sentinel The Walt Disney Co. has nearly tripled the amount of profit it is keeping in offshore subsidiaries, saving the company $315 million in U.S. income taxes, new regulatory filings show. The move helped Disney, one of the largest taxpayers in Florida, cut its reported effective tax […]
December 10, 2013
BY FRED GRIMM [email protected] Rick Scott talks jobs, jobs, jobs for Florida. But Nicolás Maduro delivers. Gov. Scott, the candy man of come-to-Florida corporate incentives, has been doling out state tax breaks, tax credits and other goodies, in a frantic attempt to fulfill his gaudy 2010 campaign promise to deliver 700,000 new jobs. Unhappily, […]
December 2, 2013
(Original Post) Raul Reyes, USATODAY 7:12 p.m. EST November 26, 2013 If he signs bill, undocumented high school grads would be able to pay in-state tuition. New Jersey Gov. Chris Christie is a lawmaker who plays by his own rules. The iconoclastic Republican was not afraid to buck his party by standing with Democratic President […]
December 2, 2013
(Original Post) Post on November 26, 2013 by Allan Freyer When Thanksgiving rolls around, no one wants to watch someone else eat all the turkey and then have to pick up the grocery bill all by themselves. But that’s what’s happening in our nation’s budget debate—highly profitable multinational corporations are using special tax loopholes, credits, […]
November 21, 2013
(Original Post) By Tom Lyons Published: Wednesday, November 20, 2013 at 5:08 p.m. Last Modified: Wednesday, November 20, 2013 at 5:08 p.m. Ironic is the kindest description I can think of for the way Sarasota County Commissioner Joe Barbetta is blaming Randall Reid for a consultant’s report all agree was an embarrassing waste of time […]
November 18, 2013
PUBLISHED MONDAY, NOVEMBER 18, 2013 AT 12:30 AM / UPDATED AT 12:15 AM By Paul Hammel / World-Herald bureau LINCOLN — A preliminary proposal to revise Nebraska’s tax system is getting a mix of kudos and criticism, generating little consensus. While those who represent retirees and low-income groups say the plan would help people afford […]
November 18, 2013
Nov. 15, 2013 Written by Tommy Williams Special to The Times Right now, inflation is not meeting expectations — and that may be a good thing. Critics of the prevailing monetary policy and low interest rates have predicted inflation will rise. Martin Feldstein, president of the National Bureau for Economic Research, explained in 2012 that […]
November 18, 2013
(Original Post) Posted: 11/15/2013 3:56 pm EST | Updated: 11/17/2013 5:40 pm EST Jillian Berman Earlier this week, the legislature in Washington state agreed to give Boeing $8.7 billion in tax breaks through 2040 in an attempt to convince the company to locate production of a new jetliner fleet in the state. It’s believed to […]
November 13, 2013
(Original Post) By Jeanne Sahadi @CNNMoney November 13, 2013: 3:14 AM ET In a report this week, the Tax Foundation attempts to answer the question. It compares how different income groups benefit from federal spending — directly and indirectly — for every tax dollar they pay. The broad takeaway: The bottom 60% of Americans receive […]
November 13, 2013
(Original Post) Ohio Sen. Chris Widener (R., Springfield) deserves credit for his key vote to expand Medicaid in Ohio. But his second act — turning the expansion’s estimated savings into an income tax break for Ohioans — is another matter. It represents a spin for his conservative base and another unnecessary measure to reward the […]
November 12, 2013
(Original Post) A tax burden study released last week by the Nebraska Department of Revenue contradicts claims that income tax cuts will lead to economic growth. A hypothetical $100 million personal income tax cut would result in a net loss of $94 million in tax revenue and largely benefit the state’s highest earners, the 2010 […]
November 12, 2013
(Original Post) —By Dana Liebelson| Fri Nov. 8, 2013 9:22 AM PST Most Americans assume that Silicon Valley, a shining beacon of US economic growth, will give a lot of dough back to Uncle Sam over the next few years. But thanks to a controversial loophole in US tax code, 12 tech companies—including Facebook, Twitter […]
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