Articles
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6 days ago |
forbes.com | Patrick Gleason
Lawmakers in multiple states have passed significant income tax rate cuts in recent weeks. Mississippi lawmakers and Governor Tate Reeves (R) enacted legislation in March that will phase out the Magnolia State’s 4.7% income tax over time based on revenue triggers. Shortly thereafter, Kansas lawmakers followed suit by overriding a gubernatorial veto to enact income tax relief that moves the state tax code to a lower, flat rate.
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2 weeks ago |
forbes.com | Patrick Gleason
U.S. Senator Mike Lee (R-Utah) and Representative Ben Cline (R-Va.) reintroduced legislation on April 7 that would bar federal government workers from engaging in the practice of “official time.” “Official time,” explains a release put out by Senator Lee’s office, “is paid time off for federal employees to engage in union-related work, bargain unit employees, and engage in activities that advance the cause of a union in lieu of actually working.” “Official time” didn’t exist until 1978, when...
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2 weeks ago |
forbes.com | Patrick Gleason
Progressive Democrats like Senator Bernie Sanders (I-Vt.) and Representative Alexandria Ocasio-Cortez (D-N.Y.) champion a host of price controls, both existing and proposed. Though it’s still not the case for most Republicans, a few GOP lawmakers in Washington have been warming up to price controls recently. In February of this year, for example, Senator Bernie Sanders coauthored legislation with Senator Josh Hawley (R-Mo.) to cap credit card interest rates at 10%.
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3 weeks ago |
forbes.com | Patrick Gleason
Governors and state lawmakers spend a lot of time focusing on legislation that will improve tax and regulatory climates, and understandably so. But — as is now on display in Georgia, South Carolina, Texas, and elsewhere — a state’s legal climate is also a significant driver of the cost of living and doing business in a given state. Tort reform was most recently enacted in March by Georgia lawmakers and Governor Brian Kemp (R).
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3 weeks ago |
forbes.com | Patrick Gleason
2025 is poised to be a very consequential year for Texas public policy. Several major reforms favored by Governor Greg Abbott (R) that did not pass in prior sessions appear destined to reach his desk this session, including bills making education savings accounts available to all families, further reining in property taxes, and tightly restricting taxpayer-funded lobbying.
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New video notes GA could soon have the highest income tax rate in region. SC lawmakers are working to make sure that happens very soon. Meanwhile the budget passed in NC Senate would take rate down to 1.99%, further increasing NC’s advantage when it comes income tax rate
Georgia risks falling behind as other Southern states continue lowering taxes. 💻 https://t.co/5luD0W0H14 https://t.co/7I4NELUsP1
