July 18, 2024 July 18, 2024 State lawmakers across the country navigated budget challenges and slowing revenue growth in 2024. This challenge was made worse by the winding down of temporary federal pandemic aid, coinciding with deep, permanent tax cuts. The impact of those tax cuts becomes clearer as they weigh on the ability of … Read more
Re “County to crack down on corporate homebuyers and landlords amid record prices” (July 16): For years we have seen corporations paying cash to buy more and more houses, then rent them. The article mentions the numbers are only increasing.How about this simple partial solution: The county decides upon a maximum number of homes that … Read more
BNN Bloomberg’s Paul Bagnell looks at how North American markets are shaping up for the trading day. (Bloomberg) — U.S. stock futures rose and longer-maturity bonds retreated as investors ratcheted up wagers that Donald Trump would win the presidential election after an assassination attempt.The U.S. 30-year yield rose above the two-year for the first time … Read more
Union Budget 2024 Live Updates: As Finance Minister Nirmala Sitharaman prepares for the upcoming Union Budget, the micro, small, and medium enterprises (MSMEs) are hopeful that the government will prioritise and promote their sector.The Finance Minister will present the Union Budget for 2024-25 on July 23, in her third straight term this year.The MSME industry … Read more
As we find ourselves in a crucial period of economic transition, with positive but slowing growth, we are facing some critical policy decisions with major impacts on consumers, the retail industry and the broader economy. National Retail Federation Chief Economist Jack Kleinhenz recently highlighted that, much like in 2017, we are in a phase of waiting … Read more
Economy Montana’s housing crisis is a warning for older homeowners across the country Eliza Relman 2024-07-10T09:56:03Z Share icon An curved arrow pointing right. Share Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn … Read more
The title page reads, “Mandate for Leadership, the Conservative Promise — Project 2025, Presidential Transition Project.” What follows are 920 pages of sweeping changes for the “next conservative president” to put into effect or, if not sufficiently empowered, to recommend to Congress. From abortion to veterans affairs, the anthology of 30 chapters, each by a … Read more
The Government would be running a budget deficit for the 18th consecutive year in 2024 were it not for windfall corporate tax receipts.That sequence stretches all the way back to the financial crisis, a time when the crumbling Irish financial system was the focus of European policymakers, not just Irish ones.Remove the windfall component of … Read more
At the press briefing announcing the latest exchequer returns on Wednesday, the Department of Finance’s chief economist, John McCarthy, said his department estimated that about 50 per cent of the State’s €24 billion annual corporate tax take could be classified as “windfall” and potentially “non-recurring”.That means we’re accruing €12 billion in business tax receipts that … Read more
LINCOLN — The longshot petition to let voters replace property, income and corporate taxes with a consumption tax fell short of a bulk signature-gathering hurdle that often stops ballot initiatives short that lack paid circulators. That higher hurdle is securing signatures from 10% of the state’s registered voters to amend the state constitution, or about … Read more