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…
Read More »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…
Read More »Florida Governor Rick Scott is looking to push through additional tax cuts for businesses in the Sunshine State as well. Scott has long let it be known that he wants additional cuts made to state taxes and has even filed legislation to do away with the state income tax. Now, he’s proposed a broad array…
Read More »The Maine legislature succeeded at last this week in thwarting Governor Paul LePage and his effort to repeal the state income tax. LePage has been pushing for a constitutional amendment that would eliminate the income tax (put in place in 1967) and replace its funding with increases to the state sales tax. The Maine Senate…
Read More »We’ve enjoyed following Maine Governor Paul LePage and his quest to eliminate the state income tax with a constitutional amendment. He coupled this idea with a host of legislative initiatives, all of which are geared toward improving the economic climate in Maine. This past week however, the legislature’s Appropriations Committee rejected a number of tax…
Read More »Governor Paul LePage, who has been a staunch supporter of loosening the shackles on business to create more economic opportunity for Mainers has now thrown his support behind a long-shot effort to make Maine the 26th Right-To-Work state in the nation. The Governor’s senior economic adviser led a host of administration officials testifying in favor…
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As though minimum wage battles at the local, county and state levels were not challenging enough, there were a number of other issues decided on various state and municipal ballots that members should be aware of. Staying on the west coast for a moment, making headlines on another issue this week, Berkeley, CA voters approved…
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