Turkey gains new wave of female mayors after opposition, ’s poll success
Gulistan Sonuk, 31, won the election in Turkey’s conservative heartland, becoming one of 11 female mayors in the country.
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The Coming Tax Debate – AAF
The fate of the 2017 Tax Cuts and Jobs Act (TCJA) is a key fiscal decision as most of its provisions expire in 2025. The TCJA focused on corporate taxation, including cutting the corporate tax rate to 21 percent and moving to a territorial system. It also allowed full expensing for investment and research and development, and limited deductibility of interest costs. The TCJA successfully removed tax-based distortions in the corporate sector and led to an increase in investment. Various tax plans propose different corporate tax rates, with Democratic plans suggesting 28 percent, Republican plans keeping it at 21 percent, and a centrist plan proposing 25 percent. All plans aim to make permanent the expensing provisions and suggest additional base broadening if more revenue is needed.
Bill Would Cap State Income Tax Rate – My Ozarks Online
The state Senate has given initial approval to a constitutional amendment on taxation that would prevent the General Assembly from setting a state income tax rate above five-point-five-percent.
Erdogan vows to make amends after humbling election loss in Turkey
President Tayyip Erdogan acknowledged his party’s defeat in Turkey’s local elections, which was attributed to economic issues and a divisive political style. The opposition party, CHP, won the popular vote for the first time in decades and secured victories in major cities. Erdogan vowed to correct any mistakes made and address the economic challenges faced by voters, as the Turkish lira hit a record low. The opposition’s success was seen as a turning point in Turkish politics, with Istanbul Mayor Ekrem Imamoglu emerging as a strong rival to Erdogan.
Imamoglu, the Turkish mayor most likely to challenge Erdogan, ’s rule
Fact: Newly re-elected Istanbul Mayor Ekrem Imamoglu is seen as the main challenger to Turkish President Tayyip Erdogan’s reign.
New York, Illinois, And California Lawmakers Propose Higher Taxes
The most recent state-to-state migration data shows that California, New York, and Illinois are experiencing population loss to red states due to factors such as high taxes, high housing costs, and crime. Lawmakers in blue states like New York and Illinois are proposing tax hikes, while red states like Georgia and Iowa are taking action to reduce taxes and improve their fiscal advantages. Governor Gavin Newsom of California has blocked some tax hikes, but voters will decide on a proposed income tax increase in November.
Many GOP billionaires balked at Jan. 6. They’re coming back to Trump.
Nelson Peltz expressed remorse for voting for Donald Trump after the Capitol insurrection on Jan. 6, 2021, but later had breakfast with Trump and other billionaires at his mansion in Palm Beach, Florida. Peltz has stated that he would “probably” vote for the GOP front-runner in 2024. Elite donors who were once critical of Trump are now rediscovering their affinity for him due to fears of President Biden’s tax agenda. Some billionaires are considering supporting Trump financially, including Larry Ellison and Richard Uihlein, while others like Ken Griffin and Peter Thiel remain resistant. Some tech investors and leaders in Silicon Valley who were alienated by Trump’s election-fraud crusade are now coming around to support him. Gary Cohn, who was once critical of Trump, has recently spoken positively about the former president. Robert Bigelow, who criticized Trump after the Capitol riot, has pledged million to a pro-Trump campaign group. Trump is facing financial challenges and is seeking support from wealthy donors to fund his campaign.
Erdogan’s rival leads in Istanbul in high-stakes Turkey vote
Istanbul Mayor Ekrem Imamoglu led a challenger from President Tayyip Erdogan’s AK Party in local elections, potentially boosting the Turkish opposition. In Ankara, incumbent opposition mayor Mansur Yavas declared victory over his AK Party challenger. Violence erupted in some cities in eastern Turkey related to the election of neighborhood officials. Imamoglu had 50% support compared to 41.26% for AK Party challenger Murat Kurum. The CHP is leading nationwide by almost 39% of the votes. Analysts suggest that a poor showing for AKP could loosen Erdogan’s control of Turkey. Imamoglu’s win could signal potential change in Turkey’s political landscape.
A , ‘love of loneliness’ marks demands for two-state solution in Cyprus
Fact: The Turkish Cypriot pro-solution camp believes that any new Cyprus negotiation process should have predetermined timeframes and clear consequences of failure to have a chance of success.
More for Them, Less for Us
Fact: Many major U.S. companies are paying their top executives more than they’re paying in federal income taxes.