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Morning Fizz: The Twilight Tax
3 hours ago ago from Publicola
[Editor's Note: At a recent PubliCola editorial meeting, we played state legislature and brainstormed on possible new tax revenues to solve the state's $2.6 billion short fall. BookNerd Heidi Broadhead came up with a winner.] My idea for generating revenue for the state: a Twilight tax. (Or, to give it a more clandestine name: Sparkle tax. Why is my rental car so expensive? That's sparkle tax, ma'am. It's standard. ) With the ...
Related contentCan a failed state be fixed?
7 hours ago ago from A Man With A Ph.D.
by Bernt Rostad Fixing California [Via Cosmic Variance ] This past year has been a long, slow downward spiral for California into one of the worst financial crises in state history. Revised revenue projections in February led to huge slashes in funding for an array of programs from higher education to state parks, and a $25 billion budget shortfall looms next year. State employes and university (both Cal State and UC) employees ...
Related contentLionheart Group | DemCare Will Bankrupt North Carolina « Asheville | Common Sense
3 hours ago ago from Common Sense | Thomas Paine Support Site
Asheville Tea Party This year, lawmakers – desperate to raise revenue – hit us with $1 billion in state tax hikes including a 1% sales tax increase, and 30% increases in the excise taxes on beer, wine, and liquor. Link: Lionheart Group | DemCare Will Bankrupt North Carolina « Asheville
Related contentB.C. businesses need to prepare for implementation of HST
2 hours ago ago from Say No To HST In British Columbia
Canwest News Service The Harmonized Sales Tax is coming, and many B.C. businesses are not ready for the change. With the recent passing of the HST bill through the federal House of Commons, B.C. businesses need to start planning– yesterday — for changes the new tax regime will bring to their operations. It takes months for a large company to gear up for a sweeping change in tax structure. The HST takes effect in B.C. this ...
Related contentTime for Kansas to Make Budget Choices Is Approaching
22 hours ago ago from Kansas Watchdog
A Review of Significant State Tax Changes During 2009 , a report by the Tax Foundation released yesterday, outlines budget choices states are making as the recession continues to cut into tax revenues. According to the report: Six states raised general sales tax rates. 17 states increased excise taxes on cigarettes. Five states increased rates of alcohol excise taxes. Nine states increased individual income tax rates. Five states reduced ...
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Wis. governor says 2009 was hardest year in office
1 hour, 9 minutes ago ago from U.S. News
Wis. governor says 2009 was hardest year in office MADISON, Wis. (AP) -- Gov. Jim Doyle said Wednesday the economic recession made 2009 his most challenging year in office, but Wisconsin responded well by helping the unemployed and positioning itself for recovery. In a year-end interview at the governor's residence, Doyle said the hardest part was watching people struggle after losing jobs through no fault of their own. "There's just no ...
Related contentKansas gov to propose tobacco tax increase in 2010
2 hours ago ago from U.S. News
Kansas gov to propose tobacco tax increase in 2010 TOPEKA, Kan. (AP) -- Gov. Mark Parkinson will propose increasing Kansas' tobacco taxes next year, a spokeswoman said Wednesday. The Democratic governor's plan is likely to face strong opposition in the Republican-controlled Legislature, although the Senate's top leader said he'd support the idea. Parkinson spokeswoman Beth Martino said the governor hasn't settled on how much of an ...
Related contentNJ gov trims budget as gov-elect plans more cuts
5 hours ago ago from U.S. News
NJ gov trims budget as gov-elect plans more cuts TRENTON, N.J. (AP) -- New Jersey Gov. Jon Corzine has whacked more than $800 million from the current state budget less than a month before leaving office, he said Tuesday as his successor announced preparations for steep reductions for the fiscal year ahead. The $839 million in Corzine's additional cuts include $100 million from eliminating the state's contribution to the employee pension ...
Related contentDisappointing New Home Sales in November May Be a Tax Credit Glitch
3 hours ago ago from DailyFinance
New homes sales unexpectedly plunged 11.3% in November to a seasonally adjusted annual rate of 355,000, the U.S. Commerce Department announced Wednesday. Demand tapered off as the popular federal first-time home buyer credit was originally set to expire at the end of the month. It was eventually, however, extended by Congress. Continue reading Disappointing New Home Sales in November May Be a Tax Credit Glitch Disappointing New Home Sales ...
Related contentNew Home Sales Fall 11;3% As Subsidy Ends - FOXBusiness.com
5 hours ago ago from FOX Business
Existing users please login User Name: Password: Remember me on this computer Home / Markets / Industries / Real Estate Wednesday, December 23, 2009 New Home Sales Fall 11;3% As Subsidy Ends  By Rex Nutting MarketWatch Pulse  WASHINGTON - Sales of ...
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