Massachusetts Court Questions Millionaire Tax

In oral arguments before the state Supreme Court this week, a number of the justices raised some pointed questions about the constitutionality of the ballot proposal. As approved for the 2018 ballot, the Massachusetts “millionaire tax” would add a 4 percent tax on earnings over $1 million and incorporate that ‘surcharge’ into the state constitution.…

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Minimum Wages on Tap Again

Notwithstanding that a number of companies have announced bonus payments and increased minimum wages as a result of the aforementioned Tax Cuts and Jobs Act, there are a host of minimum wage bills being proposed in different and states. First, the Cleveland City Council approved public service contracts with a minimum wage of $15/hour for…

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NY To Change Tax Code Post-Tax Reform Bill

The New York State Department of Taxation and Finance has submitted recommendations to Governor Andrew Cuomo to change the state tax code in order to minimize the impact that the federal Tax Cuts and Jobs Act (TCJA) will have on wealthy New Yorkers. The TCJA caps state and local tax deductions (SALT) at $10,000 per…

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Tax Reform Grants Family Leave Credit

There seems to be much debate still on the benefits of the new Tax Cuts and Jobs Act (Tax Reform), signed into law by President Trump shortly before Christmas, but our friends at SESCO Management make it clear that one benefit for business is a new employer credit for paid family and medical leave.  The…

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Tax Reform Losers?

As we hear more and more punditry on who wins with the new Tax Reform law the President signed last week (80% of American taxpayers will see a tax reduction!) and who loses, it seemed to take a bit of a comical twist last week with the complaints of a number of institutions of higher…

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Tax Reform Reality

It may have been a few months coming, but the republican controlled Congress has finally given President Trump a significant legislative victory with this week’s passage of the Tax Cuts & Jobs Act, sending the legislation to the White House just in time for Christmas. The pundits on both sides have had plenty to say…

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From Tax Reform to IRS Reform?

We’ve all been watching closely as Congress has worked to and has seemingly succeeded in patching together a tax reform package with a real possibility of becoming law. But beyond that possibility, we also learned this week that the House Ways and Means Oversight Subcommittee has set its sights on a more appetizing target for…

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Tax Reform Conferees Named

Congressional leaders have named the conferees from the US House and the US Senate who will work to narrow differences between the two different tax reform bills. House Ways and Means Committee Chairman Kevin Brady (R-TX) signaled he is open to discussing major changes to the bill in conference, including whether to hike the corporate…

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Senate Advances Tax Reform

Following the lead of their counterparts in the House of Representatives (but going with their own version of what the House passed), the US Senate advanced its own Tax Reform bill out of the Senate Finance Committee on a party line vote a couple of weeks ago. And this week, cleared the first procedural step…

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Senate OKs National Paid Leave Proposal

It isn’t the egregious and dictatorial type of paid leave mandate we’ve seen in a number of cities and states around the country, but the US Senate is endorsing the creation of a national paid leave policy. A moderate paid leave policy filed by Nebraska Senator Deb Fischer made its way through the Senate Finance…

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