Commentary Cheer up, boys and girls of summer. Baseball spring training begins this month. As a fan of both New York baseball teams since age 11 (my Mets fan pastor calls this “schizophrenic,” but I remain undaunted), I’m among millions who especially value those home-grown players who develop into stars and remain with one team…
States Raising Taxes on the Rich Should Expect a Line at the Exit
Commentary It’s an old aphorism that if you tax something, you get less of it. Seven states are at risk of finding out exactly how that truism applies to wealth tax legislation introduced in each should their proposed taxes become law. On Thursday, Jan. 19, seven states—California, Connecticut, Hawaii, Illinois, Maryland, New York, and Washington—rolled…
Family Finances: Voters Weigh in on State Taxes
By Sandra Block From Kiplinger’s Personal Finance While control of Congress received most of the attention during the November midterm elections, voters in more than a dozen states also voted on a smorgasbord of ballot initiatives that could affect your state tax bill. As was the case with many congressional elections, the results were all…
NTD Business (Dec. 30): House Dems Release Trump Taxes to Public; Warning From Expert as China Travel Resumes
Democrats’ years-long probe into former President Trump’s finances were made public today. A House committee released his tax returns for the past six years. How is Trump responding? A medical professor warns that travelers from China could fuel a new global COVID wave. This, as China eases curbs on international travel. To start off the new…
Millions of Earners, Businesses to See State Tax Cuts Beginning on Jan. 1
With state legislatures entering their third sessions since the 2020 pandemic pumped trillions in federal recovery and stimulus assistance into state and local government coffers, tax reform across a range of levies is among front-burner priorities for lawmakers in 2023. During 2022 sessions, Washington, D.C.-based Tax Foundation reports at least 38 states adopted “noteworthy tax…
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