It’s the Economy…

With cable and online news outfits reporting on events 24/7/365, it should be easy for the viewing American public to find the really meaningful stories at any hour of the day or night. But the sheer volume of “news,” often offered without any filter or verification, is making it more difficult to separate the journalistic…

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House Passes Budget

This week, while the Coalition of Franchisee Associations met in Washington DC (although I’m sure it was just coincidental), the US House of Representatives passed an amended version of the Senate budget, paving the way for the introduction of significant tax reform legislation as a topic of discussion.  The budget legislation is a far cry…

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Senate Leader Files Depreciation Bill

Senator John Thune, the #3 ranking republican in the US Senate this week filed the Investment in New Ventures and Economic Success Today (INVEST) Act, which will simplify depreciation rules and reform key parts of the tax code allowing business owners to more quickly recover investment costs and other business expenses. The INVEST Act would…

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Trump Tax Reform

President Donald Trump released his plan to radically remake the tax code on Wednesday. According to initial media reports, the President’s proposal would slash the corporate tax rate, boost the standard deduction for individual taxpayers and eliminate the estate tax entirely. In addition, the plan would also repeal the Alternative Minimum Tax for individuals as…

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And Maryland Governor Wants Them As Well

Maryland isn’t going to be left out of the tax cut basket if Governor Larry Hogan has his way.  He is planning to advocate for moderate tax cuts from the $300 million surplus the state is expected to realize in the current fiscal year.  Hogan, who was elected in 2014 on a tax-cutting and smaller…

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Maine Governor Uses Veto Threat To Push Tax Reform

Maine Governor Paul LePage, arguably bringing tax reform initiatives to a new level, threatened to use his veto power on all legislation dealing with tax exemptions and tax breaks that the legislature sends him until such time as they take some kind of action on his own tax reform package that the Governor filed at…

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