Articles
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1 week ago |
forbes.com | Patrick Gleason
Both the House and Senate versions of the One Big Beautiful Bill Act include provisions to preempt ... More state regulation of AI. gettyAs President Donald Trump and congressional Republicans seek to extend the Tax Cuts and Jobs Act’s (TCJA) personal income tax rate cuts as part of the One Big Beautiful Bill Act (OBBBA), how to deal with the state and local tax (SALT) deduction cap remains a key point of contention.
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1 week ago |
forbes.com | Patrick Gleason
Federal and state lawmakers aim to reduce electricity costs by repealing emissions reduction ... More mandates.
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2 weeks ago |
forbes.com | Patrick Gleason
Maryland Governor Wes Moore (Photo by Nathan Howard/Getty Images)Getty ImagesThe United Kingdom’s capital gains tax rate rose from 18% to 24% in April. The subsequent drop in capital gains tax collections following last year’s announcement of that tax hike, however, might end up serving as a portent of the unintended consequences that could be coming to Maryland, where Governor Wes Moore (D-Md.) recently enacted a new budget that raises taxes on wage and capital gains income.
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3 weeks ago |
forbes.com | Patrick Gleason
The legislative building in downtown Raleigh NC, and the North Carolina state seal getty Earlier this week, U.S. Department of Interior Secretary Doug Burgum announced a formal rescission of “18 obsolete or redundant Bureau of Land Management regulations.” The June 3 DOI statement announcing the recission called it “a decisive move to advance America’s energy independence and economic vitality.” “This effort embodies our dedication to removing bureaucratic red tape that hinders American...
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3 weeks ago |
forbes.com | Patrick Gleason
Winged Foot Golf Club in Mamaroneck, New York. (Photo by Jamie Squire/Getty Images)Getty ImagesWhile the Tax Cuts and Jobs Act (TCJA) permanently cut the corporate tax rate, a move that effectively ended corporate inversions as a going concern, the bill’s personal income tax rate cuts are set to expire at the end of 2025. Congress and the White House are now working to sign a bill later this summer that would prevent end-of-year income tax hikes.
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State government in Texas is already subject to spending limits, @JamesQuinteroTX points out, adding that “it’s not a stretch to suggest that they be extended to local governments as well”
"Most people understand that you shouldn’t spend more than you make. But many independent school districts (ISDs) don’t seem to have gotten the message." #txlege #txed @TPPF https://t.co/m2d3rmXTI9
Many in NC, TN, SC, TX and other red states who prefer pushing more policy decisions down to the state level nonetheless support federal preemption of state AI regulation. Why? Because failure to do so would allow Albany and Sacramento to dictate terms: https://t.co/snmp4PhZ55
RT @HaydenDublois: “When the hospitals lobby to be taxed, you know it’s not a real tax.” - @brian_blase explaining the provider tax money l…
