Court Enjoins ARPA Tax Cut Prohibition

A federal district court in Ohio has issued a permanent injunction against a provision in the American Rescue Plan Act (ARPA) prohibiting states from using ARPA funds to offset state tax cuts. The provision provided that no states, territories or local communities that accepted funds from the American Rescue Plan Act (approximately $350 billion total…

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But a New Taxman Cometh

Notwithstanding the magnanimity of the Internal Revenue Service in the wake of the coronavirus pandemic and extreme winter storms in some states, reports have the Biden administration putting together a package of new tax increases – the first since 1993 – that’ll raise taxes on many individuals and businesses across the nation. Needless to say,…

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