Federal Tax Updates Archive

Inflation Reduction Act: Details & Analysis

TweetShareSharePin0 Shares Preliminary Revenue and Economic Estimates Net Revenue Long-run GDP Wages FTE Jobs Source: Tax Foundation General Equilibrium Model, July 2022. Last-week’s Democrat-sponsored Inflation Reduction Act (IRA), successor to the House-passed Build Back Better Act of late 2021, has been touted by President Biden to, among other things, help reduce the country’s crippling inflation.

Putting JCT’s Score of the Inflation Reduction Act Into Context

TweetShareSharePin0 Shares Recent analysis by the nonpartisan Joint Committee on Taxation (JCT) shows the impact of several tax pieces included in the Inflation Reduction Act (IRA). The report suggests taxes would increase at nearly every income level. However, pundits and lawmakers should consider other important factors before drawing conclusions about how the IRA would affect

Beacon Hill Lawmakers Table Stimulus Checks For MA Families

TweetShareSharePin0 Shares In an unexpected move, Beacon Hill lawmakers have tabled promised stimulus checks for Massachusetts families. Mass Live reported on the situation: Beacon Hill, thrown a massive curveball by Gov. Charlie Baker and news of a 1986 ballot measure that would force the commonwealth to return nearly $3 billion to taxpayers this fall, could

Denver Is “Unintentionally” Charging People a New Tax

TweetShareSharePin0 Shares The City of Denver, Colorado, like many major cities around the United States, is attempting to reduce waste by encouraging people to bring their own bags when they go shopping. As such, the Mile High City implemented its “Bring Your Own Bag Program” effective July 1, 2021. Official details about the program read: Retail stores

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