2013 July Budget & Tax News

Issue Date: 
July, 2013
Newspaper PDF: 

The July 2013 issue of Budget & Tax News reports on the scandal involving the Internal Revenue Service that exploded into the headlines in mid-May. As investigations continue, the implications already appear wide, perhaps even to the point of delaying implementation of President Barack Obama’s signature overhaul of the nation’s health care system.

Also in this issue:

  • A group of lawmakers in Pennsylvania is seeking to abolish the “corruption-infested” Pennsylvania Turnpike Commission and fold the route’s operation and tolling into the state Department of Transportation.
  • Another audit, another finding of incompetence and waste at Wisconsin’s top jobs agency. The operation at the Wisconsin Economic Development Corp. apparently is so muddled the Legislative Audit Bureau could not adequately “assess the effectiveness of WEDC’s economic development programs.”
  • Now that the U.S. Senate has voted 69–27 to allow states to compel online retailers to collect sales tax even when they have no physical presence in a state where a shopper is located, the bill moves to the U.S. House of Representatives, where politicos expect a tougher fight. Lobbyists including former lawmakers and governors have been hired by supporters of the bill to push it to victory and into law. President Barack Obama has declared his support for the measure.
  • Google Inc. will pay $1 for a municipal fiber-optic system that cost $39 million to build, according to terms of the Internet company’s agreement with Provo, Utah.
  • The Sacramento Kings of the National Basketball Association have a new billionaire team owner, and that billionaire will have a new stadium for his team, courtesy of local taxpayers. Two days after the NBA rejected a bid to move the Kings to Seattle, the Maloof family agreed to sell the team to a new group of investors who promise to keep the team in Sacramento. The announcement follows the Sacramento City Council’s approval of a deal for a new downtown basketball arena that will cost more than $700 million.

Newspaper Articles in this Issue