Treasury Department Archive

TweetShareSharePin0 Shares Key Findings Twenty-one states and the District of Columbia had significant tax changes take effect on January 1, 2022 Five states (Arizona, Arkansas, Louisiana, North Carolina, and Oklahoma) cut individual income taxes effective January 1. The District of Columbia was the only jurisdiction to increase income taxes. Four states (Arkansas, Louisiana, Nebraska, and

TweetShareSharePin0 Shares Build Back Better back-burnered? The Washington Post reviews the state of play, such as it is, on the president’s spending package and Sen. Joe Manchin’s $1.8 trillion counteroffer. “Senior Democrats say they do not believe Manchin would support his [own] offer even if the White House tried adopting it in full — at

TweetShareSharePin0 Shares The White House IDs its top Build Back Better priorities. Source link TweetShareSharePin0 Shares

TweetShareSharePin0 Shares A proposed constitutional amendment (ACA 11) in California would increase taxes by $12,250 per household, roughly doubling the state’s already high tax collections, to fund a first-in-the-nation single-payer health-care system. The top marginal rate on wage income would soar to 18.05 percent—nationally, the median top marginal rate is 5.3 percent—and the state would

TweetShareSharePin0 Shares Still debating a CTC work requirement? The Build Back Better Act won’t be ready for a Senate floor vote anytime soon. Sen. Joe Manchin still wants recipients to have a job before they can get the child tax credit while many progressives insist the credit be fully available for even the lowest-income parents.  

TweetShareSharePin0 Shares On Tuesday, November 30, my 14-year-old son texted me during his lunch hour. “School shooting at Oxford?”  Four years ago, I shared news about gun violence in a Parkland, FL, high school with our children. A little over a month ago, our kids were sharing similar news with me about killings in a

TweetShareSharePin0 Shares A new report reveals the depth of Europe’s finance curse problem. The Finance Curse concept is a pretty simple idea, which can be summarised with a fried egg, writes Nick Shaxson. We all need a financial sector, to provide the useful services our economy needs. That’s the yolk of the egg. But there are large