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1 Mar 2021, 2:55 am
Table of Contents Key Findings Introduction Proposed Individual Income Tax Phaseout Proposed Sales Tax Changes Proposed Excise Tax Changes Conclusion Key Findings Mississippi House Bill 1439 would phase out the state’s individual income tax by making the personal exemption more generous over time, funded by increases to sales and excise tax rates and the dedication of future revenue growth to the tax’s elimination. [read post]
1 Mar 2021, 2:00 am
Here is what you need to know: HSAs are the only way to save, spend, and invest tax-free for healthcare costs.HSA funds never expire, are yours for life, and can be moved from job to job.HSAs can be used just like a 401(k) after the age of 65.HSAs allow for tax-free savings, tax-free growth, and tax-free spending if used for qualified medical expenses. [read post]
26 Feb 2021, 4:00 am
For the innovators, their approach matches well to an environment in which venture capital funding can drive early-stage growth within a short time, prior to the rewards from acquisition. [read post]
24 Feb 2021, 2:55 am
We estimate that this would reduce long-run economic output by 0.8 percent, eliminate 159,000 jobs, and reduce wages by 0.7 percent. [read post]
23 Feb 2021, 9:03 pm
And in its four decades, the legislation has reportedly “directly contributed to well over $1.3 trillion in U.S. economic growth, more than 4.2 million jobs, and over 11,000 new startup companies. [read post]
20 Feb 2021, 11:18 am
This fund provides compensation for job loss, out-of-pocket medical expenses, and pain and suffering associated with 9/11-related medical conditions. [read post]
19 Feb 2021, 10:25 am
” Under the bill, a Rural Business Development Fund would be established to provide grants for the creation or retention of jobs at rural companies. [read post]
17 Feb 2021, 11:47 am
The rip-and-replace order is estimated to cost small and rural carriers at least $1.6 billion, for which Congress has yet to allocate funds. [read post]
17 Feb 2021, 6:19 am
On January 14, 2021, Massachusetts’ Governor Charlie Baker signed a comprehensive economic development bill H.5250 (the “Act”) which aims to infuse more than $600 million into the pandemic-ravaged Massachusetts economy by supporting businesses, encouraging job growth, and spurring housing development. [read post]
11 Feb 2021, 11:06 am
” Republican senators said the $300 million plan was essential to assist struggling small businesses and non-profits whose recovery is critical to New Jersey’s economic growth. [read post]
9 Feb 2021, 2:31 pm
The Competition and Antitrust Law Enforcement Reform Act will give federal enforcers the resources they need to do their jobs, strengthen prohibitions on anticompetitive conduct and mergers, and make additional reforms to improve enforcement. [read post]
5 Feb 2021, 3:54 pm
Crude oil is a major catalyst for GDP growth; the latest data from the Central Bank of Oman shows that the share of petroleum activities in GDP reached 36 percent in 2018—that’s a 7 percent rise from the previous year. [read post]
5 Feb 2021, 4:55 am
And, since unemployment insurance taxes on businesses rise automatically when trust funds are depleted, a federal replenishment would promote job growth by avoiding costly tax increases on rehiring and maintaining employment. [read post]
5 Feb 2021, 2:02 am
Supporting growth in the private rental market, alongside all other housing types, would provide a significant boost to the economy in the midst of the Covid-19 pandemic. [read post]
4 Feb 2021, 1:08 pm
More significantly, this Act punishes millions of small business owners and chills the formation of new businesses, resulting in hampering small businesses, the main job growth engine for our economy and the avenue to prosperity, upward mobility, and innovation. [read post]
1 Feb 2021, 5:01 am
Minimum wages are entry level wages for entry level jobs. [read post]
29 Jan 2021, 1:25 pm
Unless the legislature acts, businesses that have received PPP loans and related federal assistance will face $457 million in state taxes through 2024—with more than half of those taxes coming due this spring—despite Wisconsin being on track to see continued general fund revenue growth even amid the pandemic. [read post]
29 Jan 2021, 11:21 am
I’ve seen that there is so much less money now to fund public records requests and court access litigation. [read post]
29 Jan 2021, 8:04 am
It's long past time for the SEC and other financial regulators to wake up and do their jobs - and with a new administration and Democrats running Congress, I intend to make sure they do. [read post]
22 Jan 2021, 9:34 am
One way to combine the policy goals of carbon reduction and economic growth would be to enact a carbon tax and use the newly generated tax revenue to make the Tax Cuts and Jobs Act’s (TCJA) individual income tax provisions—which are set to expire at the end of 2025—permanent. [read post]
