tax increase

$3,150,000,000 To Be Handed To Residents in US State Every Year – With Zero Strings Attached – If Historic Ballot Measure Passes: Report – The Daily Hodl

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$3,150,000,000 To Be Handed To Residents in US State Every Year – With Zero Strings Attached – If Historic Ballot Measure Passes: Report - The Daily Hodl

A US state will hand a staggering $3.15 billion to residents per year if a historic guaranteed income program becomes law. A measure that would increase corporate taxes to hand cash directly to residents in Oregon is likely to make the November ballot, reports The Oregonian. The program would give every adult resident in the … Read more

NJBIA Testifies Against $1B Corporate Transit Tax on NJ’s Largest Job Providers

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NJBIA Testifies Against $1B Corporate Transit Tax on NJ's Largest Job Providers

NJBIA President and CEO Michele Siekerka provided the following testimony to the Assembly Budget Committee on Wednesday night regarding bill A-4704/S-3513, which calls for a Corporate Transit Tax of 2.5% on New Jersey businesses with net income of $10 million, retroactive to Jan. 1, 2024, despite Gov. Phil Murphy’s prior decision to sunset a 2.5% … Read more

Committees Advance State Budget with $1 Billion Tax Hike on Corporations 

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Committees Advance State Budget with $1 Billion Tax Hike on Corporations 

Over the strong objections of NJBIA and other business groups, the Senate and Assembly budget committees advanced a $56.6 billion state budget supported by a $1 billion tax increase on the business community Wednesday night.  This action sets the stage for final votes by both houses of the Legislature on Friday. Gov. Phil Murphy is … Read more

New Jersey governor signs budget boosting taxes on companies making over $10 million

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New Jersey governor signs budget boosting taxes on companies making over $10 million

What to Know New Jersey Democratic Gov. Phil Murphy signed a $56.6 billion budget that hikes taxes on high-earning corporations. Lawmakers on Friday sent the measure to Murphy, who signed it shortly before midnight. They were two days ahead of their constitutionally set deadline to enact a balanced budget, avoiding a government shutdown. For taxpayers, … Read more

Tax Policy Questions 2024 Presidential Candidates Should Address

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Tax Policy Questions 2024 Presidential Candidates Should Address

2024 Presidential Debate Tax Policy Issues | Tax Foundation Skip to content Home • Blog • Tax Policy Questions 2024 Presidential Candidates Should Address election. The future of the US tax code is one topic that should take center stage, as the next occupant of the White House will have to address the expiring individual … Read more

Biden-Trump Debate: Fact-Checking Business, Economy, Taxes | Entrepreneur

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Biden-Trump Debate: Fact-Checking Business, Economy, Taxes | Entrepreneur

The first 2024 presidential debate on Thursday saw President Joe Biden and former President Donald Trump go head-to-head in Atlanta, Georgia, moderated by CNN.The two candidates sparred on everything from taxes to the national debt, highlighting crucial economic issues that are top of mind for entrepreneurs. Fox Business reported that U.S. stock futures were higher … Read more

New Jersey Budget Hikes Taxes – Americans for Tax Reform

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New Jersey Budget Hikes Taxes - Americans for Tax Reform

The deadline for New Jersey lawmakers to pass a budget is June 30 and Democrats, who control the legislature, are in the process of passing their $56.6 billion budget agreement. After an onslaught of tax hikes were bandied about during the budget process, the deal reached by lawmakers and Gov. Murphy includes his proposed corporate … Read more

New Jersey passes budget that boosts taxes on companies making over $10 million

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New Jersey passes budget that boosts taxes on companies making over $10 million

TRENTON, N.J. — New Jersey’s Democrat-led Legislature passed a $56.6 billion budget on Friday that hikes taxes on high-earning corporations, sending the measure to Gov. Phil Murphy, who’s expected to sign it. Lawmakers were two days ahead of their constitutionally set deadline to enact a balanced budget, avoiding a government shutdown. For taxpayers, the spending … Read more

Every Oregonian could receive $750 a year with new ballot measure – Elkhorn Media Group

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Every Oregonian could receive $750 a year with new ballot measure - Elkhorn Media Group

EASTERN OREGON — A new ballot initiative aims to raise corporate taxes to provide every Oregon resident with an annual $750 rebate.  Known as Initiative Petition 17 (IP 17), this measure has garnered 135,723 signatures as of June 14, surpassing the required 117,173 signatures needed to make it onto the November ballot. However, these signatures … Read more

Daines: “Stroke of Genius” by Trump to Eliminate Taxes on Tips – Senator Steve Daines

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Daines: “Stroke of Genius” by Trump to Eliminate Taxes on Tips - Senator Steve Daines

Joins Fox Business to Announce Introduction of Bill to Stop Taxing Tips, Slam Biden’s Border Crisis U.S. Senator Steve Daines today joined Fox Business’ Mornings with Maria to discuss his bill to eliminate taxes on tips and President Biden’s border crisis. Watch the interview HERE. Daines on His Bill to Stop Taxing Tips: It’s a stroke of genius … Read more