DC Rethinks Impact, Rejects Advertising Tax

Just a few weeks ago, the Washington DC City Council seemed hell-bent on balancing its municipal budget on the backs of already suffering businesses, but at long last, common sense has apparently prevailed. The DC Council approved a $16.8 billion budget for FY 2021 this week and in doing so, abandoned a new 3 percent…

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Governor Vetoes NC Franchise Tax Cut

North Carolina Governor Roy Cooper last week vetoed legislation that would have cut the tax rate on franchises in North Carolina. Protesting that the bill “prioritizes corporate tax cuts over investments in education . . .”, Governor Cooper vetoed S.B.578 which cut business franchise taxes at the same time that he signed a different tax…

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Punishing Success

We told you over the past several issues about the successful ballot initiative in Maine to add a 3% surtax to incomes over $200,000, clearly a misnomer in that it is referred to as a “Millionaire’s tax”, but a new policy nonetheless.  Well, the city of Portland Oregon has gone Maine one better in its…

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