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The individual income tax is expected to generate about $2.1 billion for the state this year, behind an expected $2.9 billion from the sales tax, according to the budget office.
Lt. Governor Delbert Hosemann speaks to the press after voting at Spann Elementary in Jackson on Election Day, Tuesday, Nov. 7, 2023. Last week, Hosemann announced he is forming a study committee ...
Reconciliation is a way to fast-track legislation on issues like taxes, the debt limit and federal spending by bypassing the Senate’s 60-vote threshold for passage, instead lowering it to a ...
The Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, [2] Pub. L. 115–97 (text), is a congressional revenue act of the United States originally introduced in Congress as the Tax Cuts and Jobs Act (TCJA), [3] [4] that amended the Internal Revenue Code of 1986.
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.
House Republicans are pushing back on Senate GOP negotiators over how long to extend President-elect Trump’s tax cuts, which are due to expire at the end of 2025. Sources familiar with the early ...
Stephen DeMaura, President of Americans for Job Security: "The Marketplace Fairness Act is a workable solution that finally levels the playing field for small businesses and empowers states to collect the taxes that are already owed. For states like Montana, New Hampshire, Delaware, and Oregon that currently have no sales tax, nothing will change.
The Senate passed legislation on Tuesday, however, aimed at protecting children online in a broad bipartisan vote. The Senate tax bill vote also gave Democrats an opportunity to push back against ...