Regarding your Saturday editorial “Where’s the money?”: You note that budget gimmicks won’t work this time. But it depends on which ones you consider.
By Roger Russell, includes “Florida, one of the last two holdout states to enact economic nexus legislation in the wake of the Supreme Court’s Wayfair decision on taxing online sales, has finally passed a bill that applies sales tax collection requirements to remote sellers and marketplace facilitators.”
By Mary Ellen Klas, Kirby Wilson and Lawrence Mower, includes “After a decade of honing their skills as budget cutters, Florida’s Republican legislative leaders are having a hard time deciding how to spend.”
By Tom Davidson, includes “Forty-four Pittsburgh residents have petitioned for a hearing before City Council to ask for a local resolution to support a movement that calls for reduced defense spending."
Letter to the editor by Terry Takash, includes “After putting overpriced city gas in my car, to drive downtown to pay my overpriced property tax bill and overpay for metered parking in the Loop, and maybe get a ticket on the way for driving 6pph over the limit, is there a ‘bulk rate’ to cover all overpayments?”
By Tom Wilson, Anna Irrera and Jessica DiNapoli (Reuters), includes “The FASB has no immediate plans to review its treatment of bitcoin as the issue affects few of its constituents, according to a source familiar with the matter. ”
Includes “Alderman Thompson serves on the Committee on Finance, Committee on Public Safety, Committee on Budget and Government Operations, Committee on Ethics and Government Oversight, Committee on transportation and Public Way, Committee on Workforce Development and on the Committee on Committees, Rules and Ethics.”
Editorial, includes “… You can’t blame state and local politicians for trying to bolster their finances without raising taxes on their constituents — particularly in places like Illinois, which has grossly mismanaged its fiscal affairs for so long. Pritzker said this week he won’t include an income tax hike in his spending plan for next year. But Congress shouldn’t ship to the states more money until it has a clearer picture of the actual impact of the pandemic.”
By Alix Olliver, includes “Last month, California Superior Court Judge Richard Strauss ruled San Diego’s 2012 pension reform effort, Proposition B should be invalidated. Nearly a decade ago, San Diego voters approved Proposition B as a way to help the city’s struggling finances by replacing San Diego’s public pension plan with a defined-contribution retirement plan …”
Sens. Mike Lee (R-Utah) and Chuck Grassley (R-Iowa) reintroduced an amendment to the United States Constitution that would require the federal government to balance its budget each year.
Washington is suddenly looking more generous. Last Tuesday’s elections in Georgia gave Democrats control of the Senate. That means, among other things, there's new hope that Congress will provide additional aid to states and localities.
Just as Americans gathered to vote in the 2020 presidential election, Donald Trump’s White House announced that it was finalizing the administration’s effort to pull the United States out of the Paris climate accords.
The Federal Reserve enters the new year with a fresh challenge on its plate, namely whether its commitment to higher inflation will bring power or poison to financial markets.
Janet Yellen, President-elect Joe Biden’s pick for Treasury secretary, collected more than $7 million in speaking fees during more than 50 in-person and virtual engagements over the past two years, according to financial disclosures released Thursday.
Back room deals in Washington, DC always die and come back to life, over and over, again. And, even though a "COVID-shutdown rescue package" seems like a no brainer, it's been caught up in politics for months.
No "blue state bailout" is a rallying cry for many congressional Republicans as attempts to provide more federal aid to a nation stricken by an ever-worsening coronavirus pandemic remain stuck in neutral.
Sen. Chuck Schumer (D-N.Y.), who proposes that President-elect Joe Biden cancel up to $50,000 in federal student loan debt, also suggests that forgiveness for these borrowers include no tax liability.
The coronavirus is about to have its heyday, with the rates for cases and fatalities setting daily records, and it will literally take an Act of Congress to save American lives.
U.S. business activity expanded at the fastest rate in more than five years in November led by the quickest pickup in manufacturing since September 2014, a survey showed on Monday in an indication the economy keeps making progress at clambering out of the COVID-19 recession even as infections surge.
Regarding your Saturday editorial “Where’s the money?”: You note that budget gimmicks won’t work this time. But it depends on which ones you consider.
Donald Trump failed to make the dollar bend to his will over the last four years. It firmed when the U.S. president wanted it to soften, and slid this year as he argued a strong currency was a good thing. Whoever wins the presidency after Tuesday’s election may continue that weakening trend, whether they like it or not.