budget-tax-news
-
President Trump Releases First Full Budget Proposal
Opinion -budget-tax-news -President Donald Trump’s proposed budget for Fiscal Year 2018, which begins on October 1, would eliminate funding for 66 federal agencies or programs, including the Corporation for Public Broadcasting and the National Endowment for the Arts. -
Maine Legislature Scrambles to Break Tax-Surcharge Deadlock
Opinion -budget-tax-news -Despite meeting in May to break a stalemate over the state’s 3 percent tax surcharge, members of Maine’s Joint Standing Appropriations and Financial Affairs Committee were unable to break a deadlock. -
Double Subsidies for NFL Team, Says Nashville Government Agency Head
Opinion -budget-tax-news -The Nashville, Tennessee Metropolitan Sports Authority is considering increasing taxpayers’ annual payoff to the owners of Tennessee Titans. -
Congress Considers Outer-Space Regulation Reforms
Opinion -budget-tax-news -After a congressional hearing on how federal regulations block private individuals and businesses from operating in Earth’s orbit and beyond in April, U.S. Sen. Ted Cruz (R-TX) launched a follow-up hearing. -
Florida Enacts Tax Cut, New Carve-Outs
Opinion -budget-tax-news -The tax burden on Florida residents will decrease by about $180 million—through new tax cuts, exemptions, and carve-outs—in the next fiscal year. -
Seattle, Washington Mayor’s Soda Tax Idea Covers Coffee, Low-Sugar Drinks
Opinion -budget-tax-news -The Seattle City Council approved a proposal by Mayor Ed Murray (D) to impose a new tax on sales of soda, coffee, and other beverages containing sugar and artificial sweeteners. -
New Iowa Law Tweaks Civil-Asset Forfeiture Practices
Opinion -budget-tax-news -Starting in July, Iowa residents will enjoy greater protection from local and state government agencies that want to seize and keep citizens’ property without criminal convictions through a process called civil-asset forfeiture. -
North Carolina Senate, House Offer Dueling Budget Plans
Opinion -budget-tax-news -The North Carolina House of Representatives and Senate are considering significantly different state budget and taxing proposals. -
FCC Votes to Roll Back ‘Net Neutrality’ Power Grab
Opinion -budget-tax-news -The Federal Communications Commission (FCC) voted to begin the process of undoing a 2015 decision by former FCC Chairman Tom Wheeler classifying broadband internet as a public utility. -
Lawsuit Challenging Federal Cigar Regulations Delayed
Opinion -budget-tax-news -A lawsuit challenging a 2016 decision by the U.S. Food and Drug Administration (FDA) expanding its power has been delayed again. -
More Liquor Reforms May Be on Tap for Pennsylvania
Opinion -budget-tax-news -The Pennsylvania House of Representatives approved four bills to reduce restrictions on alcohol and liquor sales. -
Everything Is Illegal Unless It’s Specifically Allowed, Says Columbiana, Ohio City Attorney
Opinion -budget-tax-news -The Columbiana, Ohio City Council rescheduled a public hearing on a proposed ordinance “allowing” residents to maintain residential gardens on their property. -
Trump Administration Starts NAFTA Renegotiation Talks
Opinion -budget-tax-news -U.S. Trade Representative Robert Lighthizer notified Congress in May of President Donald Trump’s intent to begin formal talks with Canada and Mexico to renegotiate the North American Free Trade Agreement (NAFTA). -
New Montana Law Restricts Police E-Surveillance
Opinion -budget-tax-news -Starting on October 1, local and state law-enforcement agencies in Montana will have to obtain a warrant from a judge before demanding records of people’s electronic data from third parties, such as internet service providers or mobile phone companies. -
Puerto Rico Collapses into Bankruptcy
Opinion -budget-tax-news -The government of Puerto Rico, a territory of the United States in the Caribbean Sea, began negotiating with bondholders in federal court to discharge approximately $123 billion in public debt and unfunded pension liabilities. -
A Challenging and Worthwhile Exploration of the Fed’s Real History
Opinion -budget-tax-news -Review of Money: Free and Unfree, by George Selgin (Cato Institute), 2017, 382 pages, ISBN-13: 978-1944424299; $16.96 on Amazon.com. -
Senate Revives Bill to Allow States to Impose Online Sales Taxes
Opinion -budget-tax-news -The latest incarnation of the Marketplace Fairness Act, a bill to allow states to collect sales taxes on businesses outside their jurisdiction that sell goods and services to consumers inside their borders, is under consideration by the U.S. Senate. -
North Dakota Enacts Online Sales Tax as It Awaits Supreme Court Ruling
Opinion -budget-tax-news -North Dakota shoppers will be subject to a new online sales tax if the U.S. Supreme Court changes a longstanding precedent protecting businesses from taxes in states in which they are not located. -
California Cities Consider New Wave of Smoking Bans
Opinion -budget-tax-news -Following the implementation of a ban on tobacco and e-cigarette use in Novato, California in January, lawmakers in neighboring cities are considering similar bans on tobacco and e-cigarette use in public and private spaces. -
Court Date Imminent for Baltimore Food-Truck Lawsuit
Opinion -budget-tax-news -Baltimore Mayor Catherine Pugh announced the creation of 10 new “food truck zones” where such operations will be allowed. -
House Democrats Urge Committee Chairs to Stall Dodd-Frank Repeal
Opinion -budget-tax-news -Democratic Party members of the U.S. House of Representatives are urging committee chairmen to stall the progress of House Resolution 10, the Financial CHOICE Act, after the House Financial Services Committee voted in April to allow the bill to proceed. -
Cleveland Stadium Deal Dunks on Taxpayers
Opinion -budget-tax-news -Taxpayers in Cleveland, Ohio will be paying for renovations to Quicken Loans Arena—the home of the Cleveland Cavaliers, a National Basketball Association team—thanks to city lawmakers’ approval in April of a financing deal for the team's owners. -
Pennsylvania Considers Swapping State’s Property Tax for Sales Taxes
Opinion -budget-tax-news -Pennsylvania lawmakers recently debated a bill proposing fundamental changes to how government schools are funded. -
U.S.-Canada Trade Relations Deteriorate with New Lumber Tariffs
Opinion -budget-tax-news -U.S. Secretary of Commerce Wilbur Ross called rumored retaliatory tariffs and trade bans by Canadian lawmakers “inappropriate,” as trade conflicts between the two governments began to heat up in May.
