Miscellaneous

Earlier this month, the Trump administration submitted its fiscal 2020 budget to Congress and projected the US economy to continue the strong expansion it has experienced since the Tax Cuts & Jobs Act was enacted in 2017. Growth in fiscal year 2018 reached 2.9% for the year, but most economists do not see that kind…

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NJ Governor Wants Millionaire Tax

New Jersey Governor Phil Murphy continues to push for so many of the progressive programs and initiatives that were blocked in prior years by his republican predecessor, Chris Christie. This latest initiative, incorporated in the Governor’s $38.6 billion state budget for FY20, seeks to expand the universe of the multi-millionaire tax (incomes over $5 million)…

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Targeting Success

Newly announced presidential candidate Senator Elizabeth Warren (D-MA) has gotten much of the coverage on raising taxing of late with her plan to levy a 2% tax on assets over $50 million, but failed 2016 (and likely 2020) democratic Presidential candidate Senator Bernie Sanders (I-VT) is determined to penalize success as well. Staying in class…

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And Another 25 Cents for the Cup!

You really couldn’t make this stuff up, but the Berkeley California City Council unanimously approved a new ordinance this week that will require restaurants to charge customers $0.25 for disposable cups. The Single Use Disposable Foodware and Litter Reduction Ordinance, which sailed through on the recommendation of the City’s Zero Waste Commission, also requires that all…

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Taxing Drinking Water?

Yes, unfortunately you read that right! California’s new governor, democrat Gavin Newsom, just days into his term as the state’s Chief Executive Officer, has proposed imposing a new tax on drinking water. The Governor incorporated the tax as part of his budget proposal for fiscal year 2020, which is projected to end with a surplus…

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Changes in Illinois Employment and Tax Law

In light of this electoral climate, DDIFO’s upcoming Chicago Regional meeting, Don’t Risk Your Network!, seems particularly timely. The program, which includes lunch, will be held next Tuesday, November 13 at the Hyatt Regency O’Hare, 9300 Bryn Mawr Avenue in Rosemont, beginning at 11:30 AM and concluding around 3 PM. The meeting will feature Attorney…

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Profit Must Be a Dirty Word

At least it seems to be in Portland Oregon! The city is set to advance an initiative to the November ballot that would impose a one percent gross receipts surcharge on businesses with more than $1 billion in national revenue and over $500,000 revenue within the city. The city council is currently debating whether to…

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Feeling the Bern, Two Years Later

Still on the loose, Democratic Socialist Senator and former democratic presidential candidate Bernie Sanders filed legislation last week that would require employers with at least 500 employees to reimburse the government for the cost of government assistance programs (such as food stamps, public housing, and the like) on which their workers may rely. The bill,…

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Sexual Harassment at the Northeast Regional Meeting

No, there won’t be any there, but the subject will certainly be discussed in detail and it couldn’t be more timely – each day we read of businessmen, politicians and others losing their jobs or livelihoods because of harassment allegations. At the annual Northeast Regional Meeting on Tuesday, March 13, 2018 at the Sheraton Needham…

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Independent Joe #47 December 2017/January 2018

There is always a certain amount of fear and trepidation about the unknown. Think back to 1999 as we approached the turn of the millennium and the catastrophes that were forecast to accompany Y2K, as it was then known. To hear some tell it back then, computers were going to think the year was 1900,…

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