“I’m open to anything, as long as it doesn’t hit medium- and low-income folks,” he told MTN News this week. “I think that applying more taxes to the rich, who have so many opportunities out there for tax avoidance, is really important.”
But Montana’s Republican U.S. senator, Steve Daines, is strongly opposed to the measure – and maintains that while its tax provisions may be targeted at wealthy taxpayers and corporations, the impact will be felt by everyone, and ultimately hurt the economy.
Both memos are dated Nov. 18 and supersede successive, similarly temporary authorizations, the latest of which were set to expire at the end of 2021. The...
Thirteen years ago, Congress decided a tax credit for companies that blend biodiesel shouldn’t go to refineries that put just a drop of the alternative fuel’s...
Yet, as active as 2021 has been when it comes to state legislation that cuts state income taxes, 2022 is already shaping up to be just...
The new budget approved by the Republican-led North Carolina General Assembly and Governor Roy Cooper (D) make it 13 states where personal income taxes have been cut in...
Tax reform has been on Kentucky lawmakers’ minds for years, and while significant progress has been made recently, substantial work remains to be done. In 2018,...
