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The 2021 budget proposal included a proposed 9% tax on capital gains, something Democrats in the state legislature had sought to pass in previous years but has lacked the votes to pass. [7] The proposed tax was first introduced into the state Senate, with a first reading and referral to the Ways & Means committee occurring on January 11, 2021. [8]
The bill was sent to the Senate, where some Senate Republicans called for hearings and others showed interest to make changes in the bill. [13] On August 1st, the bill was blocked in a 44-48 procedural vote in the Senate. The procedural motion to limit debate on the package required 60% of votes in favor to succeed.
A bill aimed at expanding the child tax credit for millions of families and implementing business tax breaks failed to progress through the Senate during a key test vote Thursday afternoon. Joe ...
The Senate tax bill vote also gave Democrats an opportunity to push back against comments from Republican vice presidential candidate Sen. JD Vance of Ohio. ... And it would have enhanced the low ...
The Kansas experiment was a name given to a controversial and widely noted tax-cutting policy/agenda of Kansas Governor Sam Brownback that began with Brownback signing a bill cutting state taxes (Kansas Senate Bill Substitute HB 2117), in May 2012, [1] [2] and ended with the Kansas legislature's repeal of the bill in June 2017.
Three years ago, the American Rescue Plan Act exempted unemployment compensation up to $10,200 from federal tax. Specifics in the bill changed as it moved between the House and Senate, and changed ...
The Senate voted 29 to 11 late Thursday to approve the plan after seven hours of debate on various tax proposals. The Senate appeared to have a veto-proof majority on the bill with the support Sen ...
The bipartisan vote also came after days of behind-the-scenes wrangling among members of Johnson’s Republican caucus over whether to amend the deal to address issues like the state and local tax ...