Stark County businessman: Congress must save this tax cut for my small business

Stark County businessman: Congress must save this tax cut for my small business

Tim Maloney  |  Special to the Canton RepositoryThese are bad times for small businesses.We’re getting hit from every angle — inflation, over-regulation, worker shortages, you name it. But the situation could soon get even worse.Congress and the White House may let one of the most important small business tax cuts in American history expire, hitting … Read more

Gov. Tim Walz Raised Taxes as Most Governors Cut Them

Gov. Tim Walz Raised Taxes as Most Governors Cut Them

Tim Walz Tax Policies: Details & Analysis Skip to content Home • Blog • Gov. Tim Walz Raised Taxes as Most Governors Cut Them Most states have cut taxes at least once since 2021, with a renewed emphasis on taxA tax is a mandatory payment or charge collected by local, state, and national governments from … Read more

How a Washington Tax Break for Data Centers Snowballed Into One of the State’s Biggest Corporate Giveaways

How a Washington Tax Break for Data Centers Snowballed Into One of the State’s Biggest Corporate Giveaways

This article was produced for ProPublica’s Local Reporting Network in partnership with The Seattle Times. Sign up for Dispatches to get stories like this one as soon as they are published. Reporting Highlights Job Promises: Washington lawmakers approved a tax break for data centers to create more jobs in rural Washington, but they can’t say … Read more

Power Hungry: Was one of WA’s biggest corporate tax breaks worth the cost?

Power Hungry: Was one of WA’s biggest corporate tax breaks worth the cost?

POWER HUNGRY | Second in a Seattle Times and ProPublica series about the impact of data centers in Washington. This article was produced for ProPublica’s Local Reporting Network in partnership with The Seattle Times. Times Watchdog stories dig deep to hold power accountable, right wrongs and create change. This work is made possible by The … Read more

Democrats Dare GOP to Vote Against Child, Business Tax Breaks

Democrats Dare GOP to Vote Against Child, Business Tax Breaks

Democrats in the Senate are daring their GOP colleagues to vote against a $78 billion tax package that would expand the child tax credit and boost tax breaks for companies with large capital and domestic research expenditures. A procedural vote on the stalled bill, which passed the House in an overwhelmingly bipartisan vote in January … Read more

Senate rejects legislation that would expand child tax credit and restore business tax breaks

Senate rejects legislation that would expand child tax credit and restore business tax breaks

WASHINGTON — A bill to expand the child tax credit and restore some tax breaks for businesses failed to advance in the Senate on Thursday as Republicans largely opposed the measure, arguing they would be in position to get a better deal next year.Majority Leader Chuck Schumer, D-N.Y., dared Republicans to vote against the tax … Read more

Measure to extend child tax credit meets GOP opposition; falls short in Senate | Arkansas Democrat Gazette

Measure to extend child tax credit meets GOP opposition; falls short in Senate | Arkansas Democrat Gazette

WASHINGTON — A bill to expand the child tax credit and restore some tax breaks for businesses failed to advance in the Senate on Thursday as Republicans largely opposed the measure, arguing they would be in position to get a better deal next year.Majority Leader Charles Schumer, D-N.Y., dared Republicans to vote against the tax … Read more

Senate rejects legislation that would expand child tax credit and restore business tax breaks

Senate rejects legislation that would expand child tax credit and restore business tax breaks

WASHINGTON (AP) — A bill to expand the child tax credit and restore some tax breaks for businesses failed to advance in the Senate on Thursday as Republicans largely opposed the measure, arguing they would be in position to get a better deal next year. Majority Leader Chuck Schumer, D-N.Y., dared Republicans to vote against … Read more

Senate Republicans are set to block a child tax credit expansion

Senate Republicans are set to block a child tax credit expansion

Senate Republicans are expected to block legislation Thursday to cut taxes for working families and extend some corporate tax breaks, likely dooming a bipartisan compromise that the House had overwhelmingly approved and raising the stakes on taxes for this fall’s elections.The $79 billion legislation would expand eligibility for the child tax credit, or CTC, among … Read more

Capital Allowances in Europe, 2024

Capital Allowances in Europe, 2024

Capital Allowances in Europe, 2024 | Tax Foundation Skip to content capital allowances play an important role in a country’s corporate tax baseThe tax base is the total amount of income, property, assets, consumption, transactions, or other economic activity subject to taxation by a tax authority. A narrow tax base is non-neutral and inefficient. A … Read more