NJ Governor Wants Millionaire Tax

New Jersey Governor Phil Murphy continues to push for so many of the progressive programs and initiatives that were blocked in prior years by his republican predecessor, Chris Christie. This latest initiative, incorporated in the Governor’s $38.6 billion state budget for FY20, seeks to expand the universe of the multi-millionaire tax (incomes over $5 million)…

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California Mandates Retirement Plans

California has again gone one better in the mandate department as the Golden State now requires employers with at least five employees to offer access to a retirement plan for their employees. Under the CalSavers law, covered employers that do not already offer an employer-sponsored retirement plan, will be required to begin offering a retirement…

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Targeting Success

Newly announced presidential candidate Senator Elizabeth Warren (D-MA) has gotten much of the coverage on raising taxing of late with her plan to levy a 2% tax on assets over $50 million, but failed 2016 (and likely 2020) democratic Presidential candidate Senator Bernie Sanders (I-VT) is determined to penalize success as well. Staying in class…

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Court Blocks San Francisco Soda Warnings

The 9th Circuit Court of Appeals, unquestionably the most liberal federal court in the nation, surprised many last week when it unanimously upheld an injunction against a San Francisco law mandating health warnings on ads for soda and sugary drinks. The City by the Bay adopted legislation back in 2015 that mandated specific language relating…

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And Another 25 Cents for the Cup!

You really couldn’t make this stuff up, but the Berkeley California City Council unanimously approved a new ordinance this week that will require restaurants to charge customers $0.25 for disposable cups. The Single Use Disposable Foodware and Litter Reduction Ordinance, which sailed through on the recommendation of the City’s Zero Waste Commission, also requires that all…

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Taxing Drinking Water?

Yes, unfortunately you read that right! California’s new governor, democrat Gavin Newsom, just days into his term as the state’s Chief Executive Officer, has proposed imposing a new tax on drinking water. The Governor incorporated the tax as part of his budget proposal for fiscal year 2020, which is projected to end with a surplus…

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Shutdown Causes Taxing Times

And, speaking of the partial government shutdown, with tax deadlines and annual income tax filing obligations approaching, the impact on the operations of the Internal Revenue Service (IRS) is of growing concern to a number of businesses and individuals. Notwithstanding, the administration announced this week that tax refunds will be paid out during the shutdown…

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Jersey City OKs Payroll Tax

A couple of weeks ago, the Jersey City Council unanimously approved a new 1% payroll tax on businesses operating within the city. The tax, which will be paid by the businesses and not by employees, is being earmarked to address a financial “crisis” within the Jersey City school district. The “crisis” was created when the…

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Washington DC Wage & Paid Leave Drama

We could have just lumped the Nation’s Capital into the above paragraph, but there always seems to be more to DC than meets the eye. Initiative 77, which would have increased the District minimum wage to $15/hour and eliminated the tipped wage by 2026, was passed by the voters in June of this year. Throughout…

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Changes in Illinois Employment and Tax Law

In light of this electoral climate, DDIFO’s upcoming Chicago Regional meeting, Don’t Risk Your Network!, seems particularly timely. The program, which includes lunch, will be held next Tuesday, November 13 at the Hyatt Regency O’Hare, 9300 Bryn Mawr Avenue in Rosemont, beginning at 11:30 AM and concluding around 3 PM. The meeting will feature Attorney…

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