NJ budget deal taxes companies more to fund NJ Transit and supports senior tax break

NJ budget deal taxes companies more to fund NJ Transit and supports senior tax break

New Jersey Gov. Phil Murphy and legislative leaders have once again hashed out a budget behind closed doors just in time to avert a government shutdown — leaving little time for lawmakers to review more than $56 billion in spending.Among the key provisions: The state will be investing more than expected in a program slated … Read more

Democrats’ plan to tax the rich and corporations begins to take shape

Democrats’ plan to tax the rich and corporations begins to take shape

Democrats are forging plans to raise tax rates on companies and wealthy individuals next year if they hold the White House and win control of both houses of Congress, as the party’s leaders increasingly see tax policy as a winning issue on the campaign trail.Senate Finance Committee Democrats met Thursday to discuss President Donald Trump’s … Read more

Use Expiring Trump Tax Cuts To Overhaul The Entire Tax System, Groups Say

Use Expiring Trump Tax Cuts To Overhaul The Entire Tax System, Groups Say

Progressive and economic groups are urging Congress to use the expiration of .6 trillion in tax cuts next year as an opportunity to revamp the U.S. tax system.