SCROLL NEWS / DISCOVERY
Search headlines
Find the stories shaping the conversation.
Results for " tax " 2,687 found 🔀 AI-powered Shuffle
Could lower property taxes come at a cost to children's healthcare?
On “Florida Matters Live & Local,” Mary Mayhew talked about the effects that property tax cuts may have on children's healthcare and Medicaid.
The Ultra-Rich Are Moving to Miami, and Want Their Money Managers There, Too
Tax incentives, among other benefits, have drawn the ultrawealthy to the city. And they need space for the firms that manage their money.
Singer-actor Cha Eun-woo files appeal after paying $9 mil. in taxes
Singer-actor Cha Eun-woo has filed an appeal against the National Tax Service (NTS), after paying some 13 billion won ($9 million) in additional ta...
Steve Moore says DSA politicians are making cities ‘unlivable’
Unleash Prosperity co-founder Steve Moore says high regulations and taxes are to blame for states that are economically struggling on ‘Life, Liberty & Levin.’
University Health keeps tax rate steady despite financial squeeze
University Health is keeping its current property tax rate amid opening two new community hospitals and facing federal funding pressures.
Deadline to apply for exemption from second home tax extended to Sept. 18
The extension comes as the Mamdani administration has faced criticism over its rollout, which is supposed to be targeting out-of-towners.
Healthcare costs have more than doubled for many farmers this year, on top of soaring expenses
When Congress allowed Affordable Care Act tax credits to lapse, healthcare premiums spiked for millions of Americans — especially self-employed farmers and ranchers. That added cost is multiplying the stress on their already stretched balance sheets.
Politics Unusual: Staten Island Borough President Fossella, Assemblyman Simone
In this episode of Politics Unusual, FOX 5 NY's political reporter Morgan McKay speaks with Staten Island Borough President Vito Fossella about the city's new pied-à-terre tax, as well as his push for nonpartisan primary elections. Also, a conversation with State Assemblyman Tony Simone about regulations concerning ICE.
WA ‘millionaires tax’ critics target Jamie Pedersen with mailers
Conservative donors including Brian Heywood are targeting Senate Majority Leader Jamie Pedersen with new mailers over his role in the 'millionaires tax.'
IRS Summer Series Designed To Protect Small Businesses From Fraud
The IRS and Security Summit partners are conducting a 5-week series on steps tax professionals can take to protect clients from tax-related identity theft threats.
India's ITC profit drops as cigarette tax hike hits core business
Indian conglomerate ITC reported a 27% slump in quarterly profit on Friday as fresh cigarette tax hikes dragged down earnings in its core cigarettes business.
Texas economy booms as businesses, residents flee high-tax states
FOX Business correspondent Lauren Simonetti reports on how Texas' business-friendly environment and low regulations are attracting major companies on ‘Mornings with Maria.’
Immigrant Business Owners Preparing to Sue NYC Mayor Zohran Mamdani Over Supermarket Plan
New York City Mayor Zohran Mamdani‘s plan to open taxpayer-funded supermarkets is angering some immigrant business owners. The New York Post reported on Tuesday, July 28, that the Multicultural Busine...
Mamdani takes heat from NYC business leaders over pied-à-terre tax
‘The Big Money Show’ discusses why NYC Mayor Zohran Mamdani's proposed pied-à-terre tax and publication of targeted property owners are fueling backlash from New York's business community.
How Medicaid fraud could affect your tax dollars and health care
Local 12 WKRC-TV is the local station for breaking news, weather forecasts, traffic alerts, community news, Cincinnati Bengals, Reds and FC Cincinnati sports updates, and CBS programming for the Cincinnati , Ohio area, including Avondale, Blue Ash, Bond Hill, Camp Washington, Cheviot, Cleves, Colerain Township, Columbia-Tusculum, Corryville, Norwood, Delhi, East Price Hill, Golf Manor, Hyde Park, Lebanon, Loveland, Lower Price Hill, Madeira, Mariemont, Mount Adams, Mount Airy, Mount Healthy, Mount Lookout, Mount Washington, Oakley, Over-The-Rhine, Reading, Sedamsville, Sharonville, Springdale, St. Bernard, South Cumminsville, Symmes Township, Mason, Hamilton, Union Township, Walnut Hills, West Chester, Wyoming, West Price Hill, Westwood, Winton Hills, Alexandria, Bellevue, Covington, Crescent Springs, Erlanger, Fort Mitchell, Fort Thomas, Fort Wright, Florence, Hebron, Highland Heights, Newport, Southgate, Villa Hills, Walton, Aurora, Greendale, and Lawrenceburg.
Alex Holderbaum Named Partner in Withum's Theatre and Entertainment Practice
Withum promoted Alex Holderbaum to partner in its Theatre and Entertainment practice, which provides advisory, tax and audit services to theatrical productions and performing arts organizations.
How Louisiana colleges will use an infusion of tax money for their sports programs
Scholarships and budget balancing are the main ways athletics programs at Louisiana colleges plan to use their allotments of tax revenue
The new "science golden age" looks suspiciously like a grift
This edition of PN is made possible by paid subscribers. Become one ⬇️ 🚀 Subscribe to PN 🚀 The Trump regime is trying to usher in a “Golden Age in Science” where scientific research is run like a Trump family business, artificial intelligence is all that matters, profit is everything, and expertise is for chumps. Or at least that’s the vision emerging from a new 123-page “Report to the President” from Michael Kratsios, the Director of the White House Office of Science and Technology Policy. In a normal administration, you could probably skip over learning about a science policy document — but this is no normal administration, and this is no normal science policy document. Instead, it’s Trump’s attempt to end the actual golden age of science that was kicked off in 1945 with the publication of '“The Endless Frontier” by Vannevar Bush. [ ](https://www.publicnotice.co/p/harmeet-dhillon-portland) [ Harmeet Dhillon demonstrates danger of posting through it ](https://www.publicnotice.co/p/harmeet-dhillon-portland) Liz Dye · Jul 29 [ Read full story ](https://www.publicnotice.co/p/harmeet-dhillon-portland) Bush, at President Franklin Delano Roosevelt’s request, laid out a vision of federal support for science that centered on funding universities to do basic research, saying that as long as those institutions were “vigorous and healthy and their scientists are free to pursue the truth wherever it may lead, there will be a flow of new scientific knowledge to those who can apply it to practical problems in Government, in industry, or elsewhere.” Kratsios’s report is supposed to be the successor to Bush’s, and even apes the format, but this isn’t really a document about science policy. It’s one about ending science research as we know it in favor of shoveling cash at big tech companies. While it might be temping to wave this away as an aspirational policy document, Trump has already begun to shift billions in research funds to AI projects and has taken a hatchet to science funding across the board. He’s teed up the shift Kratsios proposes here, and since neither Congress nor the Supreme Court seem inclined to stop him from doing whatever he wants with taxpayer money, it isn’t doomering or hyperbole to say we are staring down the barrel of a world where the only “science” the government intends to support is for-profit tech and defense advancements. Science for dummies Part of how you can tell this isn’t a document about science is that you are immediately faced with an absolute wall of business-speak of the worst sort. Did you know we must “tightly couple our science and technology enterprises to ensure that groundbreaking ideas invented in the United States are rapidly prototyped, tested, manufactured, and scaled domestically”? You do now! That tone isn’t surprising, because Kratsios has no background in science or research. He has a bachelor’s in political science and spent most of his career working for Peter Thiel at Thiel Capital. After a stint in the first Trump administration as Chief Technology Officer, where he also did not do any science, Kratsios was tasked in 2020 with overseeing the Pentagon’s research budget for a brief time, a position that, as the Wall Street Journal put it, “carries a great deal of power in terms of dictating investment allocations.” He spent the Biden years at Scale AI as “head of strategy,” which you will also note is neither a science nor a research job. But Scale AI has contracts with the Department of Defense and, as the Washington Post wrote in 2023, “has been aggressively pitching itself as the company that will help the US military in its existential battle with China.” And now you have the necessary background for our new golden age, which is going to be a golden age of taking money away from scientists and universities and giving it to companies like Scale AI. A note from Aaron: Working with brilliant contributors like Lisa takes resources. If you aren’t already a paid subscriber, please become one to support our work. 👇 Subscribe In a genuinely galling move, Katsios spends a lot of time slamming universities because of “administrative burdens on researchers” and the “well-documented inefficiencies” in academia, the message being that those damn universities waste the time of amazing researchers with paperwork. Except it’s the administration that is attempting to impose inefficient, unnecessary burdens on those researchers with a proposed Office of Management and Budget rule that would require senior political appointees to approve every science grant and ensure it aligns with Trump’s personal priorities. Researchers would also have to seek prior government approval to attend conferences or publicize their research. And political appointees could terminate any grant at any time if they feel like it. [ ](https://www.publicnotice.co/p/omb-rule-science-funding) [ The murder of expertise ](https://www.publicnotice.co/p/omb-rule-science-funding) Lisa Needham · Jun 11 [ Read full story ](https://www.publicnotice.co/p/omb-rule-science-funding) But when it comes to AI, we’re going to “restore permissionless innovation.” The report proposes to give lucky ducky innovators a pile of cash up front for grants lasting five years or longer, saying “awards should be fully-funded in year one, with all resources earmarked upfront, to minimize administrative burdens and reduce pressure for researchers to generate intermediate results to secure continued funding.” Yeah, wouldn’t want to have to make the Very Special Tech Bros show results or get money parceled out year by year like the plebes at universities. The report also proposes that we should have “fast grants” with “simplified applications requiring just a few pages of writing” because that is definitely how science works, just writing a bit off the dome and getting some cash. [ ](https://www.publicnotice.co/p/trump-ai-action-plan-altman-llms) [ Tech elites are turning AI into ChatGPTrump ](https://www.publicnotice.co/p/trump-ai-action-plan-altman-llms) Paul Waldman · July 29, 2025 [ Read full story ](https://www.publicnotice.co/p/trump-ai-action-plan-altman-llms) Oh, and we should have prizes and challenges, where multiple teams compete. The proposed prizes include incentives like “advance procurement commitments,” which means the federal government agrees to buy whatever is being developed. There’s also “regulatory fast-tracking,” making sure all those great AI thingies don’t have to wait too long to be unleashed on a market. These aren’t incentives to do science. These are incentives to develop things with tax dollars that you can then sell to the government for more tax dollars. In the suggestion that might be the most unhinged, the most very opposite of how both government and research work, our new age will include “golden tickets.” That’s where an individual reviewer in an agency — yes, just one person — can “recommend unconventional proposals that may not pass consensus-driven review panels” because somehow this will “surface valuable ideas too divisive for committees and attract higher quality reviewers by empowering them to exercise independent scientific judgment.” Yes, that’s saying that a random person in an agency should be able to shovel money at some idea even if it can’t pass a review panel, and that the opportunity to do so will attract better employees because apparently all the best minds in science are chomping at the bit to be allowed to unilaterally fund AI research based on their personal vibes. But that isn’t at all how actual science works, and actual scientists aren’t unhappy about review panels. They work collaboratively, not siloed in some secret race to create the next AI chatbot. A 2020 study by the National Bureau of Economic Research examined whether peer review panels succeed in helping agencies predict which research ideas will best advance science. Peer review was better at finding “diamond in the rough” applicants than a single government program official. How about that. Trump always wants a taste It’s painfully clear that what Katsios is trying to do here is turn the whole of government science research and funding into the sort of “move fast and break things” paradigm that is the hallmark of big tech. That method works to line the pockets of tech executives, but it isn’t science. There’s a reason the government funds different kinds of research than private tech companies do. What Katsios either fails to understand or deliberately ignores is that the federal government is the main funder of basic research precisely because it can take a long time for it to bear fruit and is not intended to be profitable as such. “Basic” here does not mean rudimentary or simple, but rather research that is designed to advance scientific knowledge instead of achieving a specific outcome or product. Big tech companies don’t widely fund that sort of research, because it doesn’t make them money. Industry dollars account for only about 20 percent of basic research funding, while the government contributes around 60 percent. Big tech companies and startups do, however, rely on and benefit from that basic research. A 2019 study found that 35 percent of all patents obtained by venture-backed startups from 1976 to 2016 cited federally supported research. Basic research funded by the NIH contributed to every single drug the FDA approved from 2010 to 2016. [ ](https://www.publicnotice.co/p/trump-saudi-nuclear-deal) [ The Saudi nuclear farce and governance by whim and meme ](https://www.publicnotice.co/p/trump-saudi-nuclear-deal) Noah Berlatsky · Jul 27 [ Read full story ](https://www.publicnotice.co/p/trump-saudi-nuclear-deal) Unlike inventing the next ChatGPT, actual science is slow and iterative. Government funding of research that, on its face, would not appear to lead to any big new invention is actually what underpins those big new inventions. If the government hadn’t funded research into desert lizard venom, we wouldn’t know about semaglutide, and we wouldn’t have Ozempic. If research scientists hadn’t studied how bees optimize nectar foraging within a colony, we wouldn’t have the algorithm that assigns internet traffic across computer servers. The report assiduously ignores that a symbiotic, profitable relationship between the federal government, universities, and private companies already exists. Each federal research dollar generates about $1.50 to $3.00 in long-term economic benefits. The $36 billion the government awarded in NIH research funding in fiscal year 2025 generated $94 billion in new economic activity. Trump’s proposed new golden age is intended to strip those billions from universities, resulting in the dismantling of departments and the shuttering of labs. But Katsios has a plan for that: Universities should just become trade schools to churn out no-show STEM degrees! “Require universities and community colleges to embed practical technical training and externships into STEM curricula. Let hands-on experience and industry credentials count toward degrees.” It’s quite the feat to, on the one hand, strip schools of funding for scientific research while simultaneously demanding to control what is taught and, oh, also, colleges need to give degrees to employees at big tech companies just for being employees at big tech companies. The new golden age would also exacerbate the brain drain Trump’s policies have already caused. Nature found that in the first quarter of 2025, US scientists submitted 32 percent more job applications abroad than in 2024. A March 2025 poll by Nature of roughly 1,600 scientists found that over 1,200 said they were considering leaving the country. Europe is investing $565 million to make it a “magnet for researchers” and provide funding for scientists who relocate. The new golden age is also about embedding Trump’s xenophobia into the fabric of American science. The report complains of an “over-reliance on foreign students” that “creates a security challenge our institutions are ill-equipped to address” and that a “reliance on foreign talent sidelines American students.” This is, to put it mildly, nonsense. International students pay far higher tuition and often receive no financial aid. Their tuition dollars are what make it possible for American students to get financial aid. In the 2023-2024 school year alone, international students contributed $43.8 billion to the US economy and supported over 378,000 jobs. Those 1.1 million international students accounted for only six percent of the total number of students in higher education that year, but were such an economic engine that for every three international students, one job was created or supported. It’s impossible not to wonder whether part of Trump’s loathing for universities and their leading role in scientific research is that there is no way for him to corrupt the process and make money off it in the same way he can by giving millions and billions to Silicon Valley types who, in turn, give him millions in cash. There’s no way for his children to invest in universities that the government then gives no-bid contracts to, fattening the family’s bottom line, which is pretty much the Trump sons’ current venture capital practice. Trump and Katsios’s view of science is narrow, cramped, and wrong. We’re not in a crisis, we’re not a failed state. We’ve been a science superpower for decades, and the only thing that threatens that is Donald Trump. Tech bros are already living high off the hog in this administration. They don’t need any more of our tax dollars. Hopefully this new golden age never comes to pass. Thanks for reading Public Notice. This post is public so feel free to share it. Share We’ll be back with more tomorrow. If you appreciate today’s PN, please do your part to keep us free by signing up for a paid subscription. 🚀 Subscribe to PN 🚀 Thanks for reading, and for your support.
Politics in the Park: Ten candidates spar over taxes, cost of living, data centers
CASPER, Wyo. — Ten Republicans running for five Wyoming House seats took the stage at Washington Park on Wednesday. The candidates are vying for seats in
Clinton, Obama-era Democratic heavyweights Penn and Emanuel rip NYC's Mamdani over taxes, Israel, blast DSA
Democratic power players Mark Penn and Rahm Emanuel publicly criticize NYC Mayor Zohran Mamdani over his property tax plan and Israel positions.
El-Sayed in the hot seat for another foreign rental property, nearly $300K in additional income
Abdul El-Sayed released tax disclosures just hours before a debate, revealing a Dubai rental property and total assets worth up to $2.1 million.
Mamdani tries to clear up confusion on new tax on luxury second homes
Only the approximately 17,000 owners who got a letter needed to pay or prove an exemption.
Healthcare costs are surging. Taxing billionaires will help Californians keep their coverage
Funding cuts have put a healthcare crisis on California's doorstep. With a one-time tax on billionaires, Californians will see relief, a nurse argues.
Crazy Taxi: World Tour has competitive multiplayer, and you've got a chance to play it very soon
Crazy Taxi: World Tour may not be about until 2027, but if you're lucky, you could be playing it in a matter of weeks.
Section 1202: Qualified Small Business Stock (QSBS) | Practices
Holland & Knight's tax and corporate attorneys provide a comprehensive Section 1202 QSBS resource covering eligibility, exclusions, tax benefits, planning and exit structuring.
Japan PM's political doom loop worsens her fight with markets
Japanese Prime Minister Sanae Takaichi is fighting a losing battle in the polls, making a retreat from promised tax cuts more difficult and denying her officials the political backup they need to talk down yen and bond market bears.
Some city homeowners blast pied-à-terre tax rollout
The city did not answer a question about how many owners got letters from the Department of Finance asking them to prove their residency status.
Earn Some Crazy Money Early by Testing the New Crazy Taxi on PS5
Closed beta coming in September
Exclusive | Immigrant-led business group votes to sue NYC over Mamdani's taxpayer-funded grocery stores, alleging unfair competition
The board of an immigrant led business group is preparing to sue New York City over its plan to open five subsidized grocery stores that will undercut existing food stores in the neighborhood, The...
Crazy Taxi: World Tour closed network test set for September 11 to 13
SEGA will host a closed network test for Crazy Taxi: World Tour across PlayStation 5, Xbox Series, and PC from September 11 at 5:00 p.m. PT / 8:00 p.m. ET to September 13 at 5:00 p.m. PT / 8:00 p.m…
House committee passes Foreign Funding Transparency Act to expose foreign donations to nonprofits
The Foreign Funding Transparency Act targets foreign nationals funneling money through tax-exempt organizations to political committees in the U.S.
Lawmakers Need to Get Serious About Business Tax Reform
Last week, House Ways and Means Committee Chairman Jason Smith (R-MO) said he wants to revisit expanding Section 199A. He argues that the deduction should be as high as 25 percent because pass-through businesses need to compete...
Texas lawmakers weigh future of data center tax breaks
The cost to the state in lost revenue from data centers has grown from a $14 million estimate over a decade ago to a projected $3.3 billion in sales tax losses over the next two years.
Holland & Knight Health Dose: July 28, 2026 | Insights
The Centers for Medicare & Medicaid Services (CMS) issued a proposed rule that would establish new indirect hold harmless thresholds for healthcare-related taxes.
Dems clash over AIPAC money, ‘ogre’ attack and electability during crucial Senate debate
El-Sayed refused to apoelogize for the “ogre on a pike" remark that drew backlash from fellow Democrats, while Haley Stevens slammed him over his unreleased tax returns and roughly $300k in outside income.
Florida politics recap: Governor's race heats up as property-tax fight heads to court
With less than a month remaining before Florida's Aug. 18 primary, the race for governor briefly skipped ahead to November this week.
Unsecured Business Property Tax Bills to Be Mailed in July
Nevada County Treasurer-Tax Collector Michelle Bodley and Assessor Rolf Kleinhans remind local business owners that annual Unsecured Business Property Tax bills will be mailed in July, with payments due by August 31. Businesses are encouraged...
He Sold His HVAC Business and Trucks in One Year. Two Years Later, Medicare Billed Him Like a Millionaire.
An HVAC contractor sold his business, paid his taxes, and booked a trip to Portugal. Two years later, Medicare sent him a premium notice sized for someone still running a seven-figure operation, and the clock to fight it was already running.
Yes, Mamdani just made a business-basher his NYC 'economic development' czar
As Gotham struggles to compete against fast-growing, low-tax Sun Belt cities, Lina Khan’s influence could make New York even less business-friendly.
Wu-backed state Sen. candidate is Beacon Hill lobbyist, secured millions for nonprofit
A Democratic state Sen. candidate backed by Boston Mayor Michelle Wu is a registered lobbyist who has secured tens of millions of taxpayer dollars for the nonprofit organization she works for.
Healthcare costs have more than doubled for many farmers this year, on top of soaring expenses
When Congress allowed Affordable Care Act tax credits to lapse, healthcare premiums spiked for millions of Americans — especially self-employed farmers and ranchers. That added cost is multiplying the stress on their already stretched balance sheets.
Getting a business license in National City could cost a lot more
City officials say a proposed ballot measure is needed to close a budget deficit, but business owners say it would raise costs and drive away companies
Transport BPO Launches First-Week-Free Dispatch and Call Answering Service for Transportation Businesses
Transport BPO has launched a first week-free program giving taxi, towing, trucking, courier, and NEMT operators one-week of 24/7 live dispatch and call answering at no cost, with agents answering in each client's company name across four countries. ...
‘CoCo’ would take taxpayers for a ride
Colorado wants taxpayers to spend another $4.73 billion on passenger rail. Don’t worry. They have a plan. Which is a little like your brother-in-law announcing he’s launching another exciting restaurant venture after his last three restaurants ended in bankruptcy. Please. Tell me where to send the check. This week the Front Range Passenger Rail District […]
‘Mind Your Business’—Neymar Hits Back at Critics of Post-World Cup Controversy
Neymar hasn’t played since the end of Brazil’s 2026 World Cup campaign.
PILOT applications not necessarily reserved for primary sector businesses
Grand Forks city and county attorneys say state Century Code doesn't limit who can apply for PILOTs, while the state tax commissioner's office says PILOT applications are a local decision.
Dean Conway's Return to the Faculty: Politics at Work?
Austen Parrish offered a wonderful post on Dean Danielle Conway’s legacy as dean at Penn State Dickinson Law. A true visionary and dear friend to many, Dean Conway is returning to faculty as a Distinguished Professor of Law after a tremendously impactful seven years as dean at Penn State Dickinson Law. She is the current President of […]
Trump administration admits grants for clean energy were canceled based on politics
The statement contradicts officials' claims that the projects were canceled due to energy needs and taxpayer cost concerns.
A federal appeals court rejects Trump's bid to revive H-1B visa fee
An appeals court refused to revive Trump's $100,000 fee on new H-1B work visas, after a lower court ruled it a tax to be authorized by Congress.
7+ Florida Politics Now: Discussing the sales tax holiday
On this episode, we’re discussing the sales tax holiday and more.
7+ Florida Politics Now: Discussing the sales tax holiday
On this episode, we’re discussing the sales tax holiday and more.
NYC sends letters to property owners who could be subject to pied-à-terre tax
The second home tax would apply to properties assessed at $5 million or more owned by non-primary city residents.
Understanding the ERC Pleading Standard: Federal Claims Court Deferral in I Health and Life Insurance Services
I Health and Life Insurance Services v. United States, No. 25-1315T, United States Court of Federal Claims, July 23, 2026 For tax professionals advising clients on the Employee Retention Credit (ERC), the litigation landscape continues to evolve, establishing rigorous pleading and evidentiary stan
U.S. small businesses file lawsuit challenging Trump's new 'forced labor' tariffs
Two U.S. small businesses on Friday challenged President Donald Trump's latest round of tariffs on goods from 60 trading partners, saying that the new policy, like most of Trump's previous tariffs, went beyond the president's authority to tax imports.
Mamdani warning to wealthy New Yorkers about 'fair share' sparks online firestorm: 'Full blown communist'
Zohran Mamdani's viral post celebrating New York City's new pied-à-terre tax on $5M+ second homes drew sharp backlash from conservative critics.
Trump’s new tariffs ‘a sales tax that will make life harder for Americans’, say Democrats
Even some Republicans apparently expressing concern over measures against 85 countries
Public defender proposes increase to 'expert witness' budget due to more mental evaluations
The Douglas County attorney and public defender highlight the growing role of mental health in court cases, with rising costs for evaluations and expert witnesses that are all funded by taxpayers.
New cost for local businesses? Winter Garden weighs 5% tax increase
Winter Garden commissioners are expected to vote Thursday on a proposal to increase the city’s local business tax by 5%, a move city leaders say is needed to keep pace with inflation but one that comes as some downtown businesses continue recovering from months of disruption.
Unsecured Business Property Tax Bills to Be Mailed in July
Nevada County Treasurer-Tax Collector Michelle Bodley and Assessor Rolf Kleinhans remind local business owners that annual Unsecured Business Property Tax bills will be mailed in July, with payments due by August 31. Businesses are encouraged to review their bills promptly and pay by the due date to avoid penalties. Unsecured Business Property Tax is based […]
Ranking Members Markey, Velázquez Push to Roll Back Trump Administration’s Discriminatory SBA Lending Policy that Blocks Immigrant Entrepreneurs from Pursuing the American Dream
Bicameral resolution would rescind Trump administration policy banning green card holders from accessing SBA loans Resolution Text (PDF) | One-Pager (PDF) (Washington, July 23) – Ranking Member Edward J. Markey (D-Mass.) and House Small Business Committee Ranking Member Nydia M. Velázquez (D-NY-7) today introduced a Congressional Review Act (CRA) resolution to rescind the Trump administration’s policy that bans green card holders from accessing essential Small Business Administration (SBA) loans to start and grow their businesses and invest in Main Streets nationwide. Trump’s SBA restrictions buck decades of precedent, attacking immigrant small business owners who are lawfully in the U.S. with no justification. The Trump administration’s green card holder ban is the most recent escalation of SBA’s draconian citizenship restrictions that are killing jobs and putting the American Dream further out of reach for entrepreneurs. In Fiscal Year 2025, the SBA made an estimated $5.7 billion in loans to green card holders, which supported more than 80,000 American jobs. Ranking Member Markey’s introduction of the CRA resolution follows his introduction of the Investing in the American Dream Act alongside Ranking Member Velázquez earlier this year. The Investing in the American Dream Act would roll back the SBA’s draconian lending restrictions and restore previous SBA lending policies for immigrant entrepreneurs lawfully in the U.S., including green card holders, refugees, and asylees. More than 100 organizations have called for the passage of the legislation and over 60 Massachusetts state legislators have raised concerns about the impact of the citizenship restrictions in their local communities. “Once again, Donald Trump is shutting hardworking immigrants out of the American Dream with his discriminatory and dangerous policies, fear tactics, and violent rhetoric. The anti-small business lending requirements implemented by Trump’s SBA won’t Make America Great Again—they are Making America Hate Again,” said Ranking Member Markey. “I am fighting every single day to roll back Trump’s brazen attempt to steal the American Dream from entrepreneurs in Massachusetts and across the country who enrich our communities, strengthen our Main Streets, and create jobs in the United States.” “Starting and owning your own business is one of the pillars of the American Dream. Under the Trump Administration, the SBA has sought to deny immigrant small business owners and entrepreneurs that dream by preventing them from accessing the capital they need to grow and scale their businesses. Not only is this policy cruel, but it is also self-defeating and holds our country back economically. As Ranking Member of the House Small Business Committee, I will do everything in my power to reverse this terrible policy,” said Ranking Member Velázquez. Massachusetts state legislators applauded Ranking Member Markey’s actions and emphasized the critical contributions of green card holders to Bay State communities and the Commonwealth’s economy. "Green card holders are our neighbors, workers, entrepreneurs, and taxpayers,” said Massachusetts State Senator Adam Gómez (D-Springfield), Senate Chair of the Joint Committee on Community Development and Small Businesses. “They open restaurants, launch small businesses, create jobs, and contribute every day to the economic strength of Massachusetts. Denying lawful permanent residents access to SBA loan programs doesn't make our economy stronger—it makes it harder for small businesses to succeed. I support this resolution because opportunity should never be limited by unnecessary barriers that prevent hardworking people from investing in their communities and pursuing the American dream." “Senator Markey’s CRA Resolution provides a valuable moment for our federal leaders to show their commitment to small businesses and the American Dream,” said Massachusetts State Representative Andy X. Vargas (D-Haverhill), House Chair of the Joint Committee on Community Development and Small Businesses. “The SBA’s recent policy restricting lawful residents from accessing the popular 7(a) and 504 programs has shut out some of the most entrepreneurial and hard-working members of our community from much-need capital. In Massachusetts, these programs have invested millions of dollars into small businesses owned by green card holders, supporting thousands of jobs. This should not be a partisan issue. People who worked hard, have legal status, and contribute so much to their communities via employment and economic impact don’t deserve to be in the crosshairs for political purposes. The Senator’s resolution is a step forward in restoring access to the American Dream that small business owners across the country deserve.” Several small business advocates and stakeholders voiced their support for Ranking Member Markey’s efforts to roll back Trump SBA’s discriminatory lending rules. “Immigrant-owned businesses are the foundation of the American economy. They power our neighborhoods, provide essential services, and employ our loved ones. Yet, systemic hurdles like the Small Business Administration’s citizenship restrictions unfairly block their path to prosperity," said Elizabeth Sweet, Executive Director of the Massachusetts Immigrant and Refugee Advocacy (MIRA) Coalition. "We applaud Senator Markey’s continued leadership and look forward to a future where immigrant entrepreneurs can share their ingenuity without arbitrary restrictions that hold us all back.” “Independent restaurants have always been built by people willing to work hard, take risks, and invest in their communities. When lawfully authorized entrepreneurs lose access to the financing they need to start or grow a business, we all lose. These are the businesses creating jobs, filling storefronts, and strengthening our neighborhoods. Access to capital should help good businesses succeed, and that’s exactly what restoring these SBA loan programs would do,” said Jen Ziskin, Executive Director of Massachusetts Restaurants United. “At the Latino Economic Development Corporation, we see firsthand that access to capital transforms lives, creates jobs, and strengthens neighborhoods. Many of the entrepreneurs we serve are lawful permanent residents who have invested their savings, opened businesses, and employ local residents. Restricting access to SBA financing doesn’t just impact business owners, it limits economic opportunity for entire communities. Main Street succeeds when every qualified entrepreneur has a fair chance to grow,” said Andrew Melendez, CEO and Founder of the Latino Economic Development Corporation. "Immigrants and immigrant-owned businesses are the heart and soul of small business communities in cities and towns throughout the Commonwealth, and across America. Limiting access to these SBA loans not only sends the wrong message about immigration, it will have significant negative economic impact on our small business ecosystem,” said Keith Mahoney, Vice President of Public Affairs at the Boston Foundation. “The SBA’s recent policy changes that prevent Legal Permanent Residents, and other non-citizens from participating in any of the SBA’s valuable programs are changes that are unwelcome, immoral, and antithetical to our purpose, our mission, and our vision for Massachusetts communities and businesses. Immigrant entrepreneurs and others have expressed concern that Common Capital will ‘report them to ICE,’ so loan demand has decreased. There is no valid reason for excluding Legal Permanent Residents and other noncitizens who are lawfully present in the U.S. from accessing the SBA’s programs. Immigrant entrepreneurs start businesses, they create jobs, they support their families and their communities. Our government should be in the business of encouraging their full participation in our economy,” said Raymond Lanza-Weil, President of Common Capital. "ECCHO-Latino now represents over 400 educators and 300 microbusinesses across Massachusetts, where immigrants make up 60% of the childcare workforce. When a green card holder is ready to grow her business—from expanding her home child care to opening a center—she shouldn't be turned away by local banks simply because of federal citizenship rules. Blocking access to SBA loans kills opportunity and deepens our state's childcare crisis. ECCHO-Latino strongly supports Senator Markey and Representative Velázquez in passing this resolution to put Main Street first," said Harold Antonio Blanco, Co-Founder & Executive Director of ECCHO-Latino Inc. "This is exactly how political ideology ruins an economy. Washington has taken lawful, tax-paying entrepreneurs who live in our communities, invest in America, and hire American workers, and declared their businesses ineligible for critical financing simply because a green card holder owns even a fraction of the company. Using policies ostensibly aimed at illegal immigration to punish lawful permanent residents is nothing short of ideological overreach and economic self-sabotage. The SBA exists to help viable small businesses grow, rather than imposing nativist tests that ignore an entrepreneur’s credit history, business plan, or ability to create jobs. When the federal government closes the door on qualified entrepreneurs, they’re also closing the door on American entrepreneurship and on American workers, while handing future companies, jobs, innovation, and investment to our competitors. America should be competing to attract people who want to invest and build here, not creating arbitrary barriers that drive their talent and capital elsewhere,” said Javier Palomarez, President and CEO of the United States Hispanic Business Council (USHBC). "The U.S. Small Business Administration's decision to prohibit legal permanent residents, including green card holders, from accessing SBA-backed loans has the potential for disastrous consequences that could reverberate throughout America's economy for years to come. After all, immigrants are twice as likely to start small businesses as U.S.-born individuals. Congress must overturn rules requiring the SBA to block legal permanent residents from accessing lending resources because so many of the entrepreneurs who drive job creation in this country were born outside the United States," said John Arensemeyer, Founder and CEO of Small Business Majority. “NCRC supports the Congressional Review Act resolution to overturn SBA’s citizenship restrictions that bar green-card holders from receiving the 7(a) and 504 loans. When qualified entrepreneurs are denied access to SBA loans, all of Main Street gets hurt. Communities lose jobs. Neighborhoods lose services. Local economies lose the opportunity to build wealth and shrink disparities,” said Jesse Van Tol, President & CEO of the National Community Reinvestment Coalition (NCRC). “We cannot afford to have the American Dream out of reach for hard-working, immigrant small business owners.” “Asian Americans and Asian immigrants have been integral in building local economies. They create businesses, jobs, and opportunities in communities across the country that benefit everyone. Lawful permanent residents pay taxes, invest in their communities, and strengthen Main Street, yet the SBA's discriminatory citizenship restrictions unfairly deny them access to the same tools that help small businesses grow and succeed. We applaud congressional leaders for advancing this resolution to overturn the latest restrictions on SBA lending for green card holders, and we urge lawmakers to also pass the Investing in the American Dream Act to fully restore access to SBA loan programs for all eligible people in the United States. Ensuring that immigrant-owned small businesses have a fair opportunity to access capital is essential to building a stronger, more inclusive economy that works for all,” said Joanna Derman, Director of Anti-Profiling, Civil Rights and National Security at Asian Americans Advancing Justice (AAJC). "Immigrant-owned businesses often turn to SBA 7(a) and 504 loans because they face higher denial rates from traditional lenders,” said Imani Augustus, Director of the Center for Entrepreneurial Opportunity. "These programs provide the capital they need to expand operations, hire workers, and invest in their businesses. Reversing the ban on lawful permanent residents is a critical first step toward ensuring these financing tools are accessible to everyone strengthening their communities through entrepreneurship. We applaud this action and urge Congress to fully restore access by passing the Investing in the American Dream Act.” "Last year, nearly 5,700 SBA loans worth $5.7 billion went to businesses owned by green card holders, supporting more than 80,000 jobs. These are entrepreneurs who have put down roots here, hired their neighbors, and invested in the communities they call home. Barring them from capital doesn't protect Main Street—it starves it. What should matter is the strength of a business and its potential to grow, not the immigration status of its owner. This resolution doesn’t eliminate all the citizenship restrictions in SBA’s policy change, but it’s a step toward restoring a commonsense principle that stood for more than 30 years," said Howard Wial, Director of Research at ICIC. "I'm encouraged to see Congress moving to reopen access to capital for green card holders, a key tool for small business survival. Green card holders accounted for an estimated 5,700 SBA loans in Fiscal Year 2025, worth $5.7 billion and supporting more than 80,000 jobs across the country. That capital is often what keeps a business operating through its toughest stretches when cash flow gets tight. When qualified entrepreneurs lose access to that capital over their immigration status rather than their ability to repay a loan, it's the local economy that pays the price,” said Small Business for America's Future Co-Chair Shaundell Newsome, Founder of Sumnu Marketing. “Small businesses are the backbone of the American economy, and entrepreneurs —including green card holders — take risks every day to build businesses, create jobs, and strengthen communities. SBA loan programs should be administered with clear, consistent standards that safeguard public resources while ensuring these programs remain focused on supporting eligible entrepreneurs and job creators. This resolution responds to the opportunity to support all entrepreneurs and preserve the integrity of federally supported lending programs. We applaud the introduction of this resolution and remain committed to policies that strengthen small businesses, promote economic growth, and maintain confidence in these vital lending programs,” said Carolina Martinez, CEO of CAMEO Network. “National CAPACD wholeheartedly supports the introduction of this resolution aimed at overturning the SBA's misguided policy prohibiting immigrants from accessing the 7(a) and 504 loan programs. As a coalition, we are committed to creating systems, organizations, and societies that are fair and just. We believe we and our economy are stronger when we uplift our rich and diverse communities. Access to capital helps small businesses create jobs, build wealth, and strengthen neighborhoods. Restoring this pathway is an important first step toward ensuring immigrant entrepreneurs can continue to grow their businesses and contribute positively to our economy as a whole. We urge Congress to build on this momentum by passing the Investing in the American Dream Act, which would fully restore fair access to safe and affordable credit and uphold our commitment to a fair economy that works for everyone,” said Seema Agnani, CEO of National CAPACD. Ranking Member Markey is fighting for small business owners and immigrants that rely on SBA loans to start and run their businesses, create jobs, and contribute to their communities. In May, Ranking Member Markey highlighted the significant contributions of immigrant entrepreneurs in Massachusetts and across the country and condemned the Trump administration’s repeated attacks on immigrant communities at a Small Business Committee hearing. MIRA’s Elizabeth Sweet, who participated in Ranking Member Markey’s listening session earlier in May, provided testimony at the hearing. Also in May, Ranking Member Markey hosted a listening session at the Urban College of Boston to hear directly from several Massachusetts immigrant small business owners, lenders, and chambers of commerce how President Trump’s cruel and callous anti-immigrant policies are hurting Main Streets in the Bay State. Earlier in May, Ranking Member Markey hosted a press conference alongside Ranking Member Velázquez, Democratic lawmakers, and stakeholders to condemn the Trump administration’s harmful anti-immigrant lending policies and to introduce the Investing in the American Dream Act. In March, Ranking Member Markey released a comprehensive report detailing the harms to small business owners, workers, and consumers caused by the Trump administration’s ICE raids in communities across the country. In February, Ranking Member Markey introduced the Small Business ICE Disruption Fund Act, which would provide grants to small businesses that have been impacted by the Trump administration’s violent immigration enforcement actions on Main Streets across the United States. Earlier in February, Ranking Member Markey, Ranking Member Velázquez, Congressional Black Caucus Chair Yvette Clarke (D-N.Y.), Congressional Hispanic Caucus Chair Adriano Espaillat (D-N.Y.), and Congressional Asian Pacific American Caucus Chair Grace Meng (D-N.Y.) sent a letter urging the SBA to rescind their lending rule change that bars legal permanent residents from receiving SBA loans. Previously, Ranking Members Markey and Velázquez released a statement condemning the actions of the SBA after it announced that small businesses with legal permanent residents will be barred from receiving SBA loans. In December 2025, Ranking Member Markey and all Democratic members of the Senate Small Business Committee sent a letter to the SBA reiterating concerns with the SBA’s citizenship requirements and highlighting a drop in SBA lending volume. In September 2025, Ranking Member Markey heard directly from SBA lenders about the issues with the citizenship verification requirements. In July 2025, Ranking Members Markey and Velázquez sent a letter to the SBA expressing serious concerns with the agency’s new, draconian citizenship verification requirements that require small businesses seeking SBA loans to be 100% owned by U.S. citizens, nationals, and legal permanent residents. SBA has not responded to the letter. ###
Medicare 2027 Physician Fee Schedule Proposed Rule
Policies with Potential to Improve Health Care Affordability for Patients and Taxpayers
Winter Garden considers first local business tax increase in more than 20 years
The increase would be less than $10 for most businesses, according to the agenda. Staff estimate the change would generate about $14,000 in additional revenue.
RELEASE: Gottheimer Hosts Telephone Town Hall to Discuss Health Care Costs, Medicare, Social Security, Utility Prices, Affordability in Jersey
Above: Gottheimer conducts a Telephone Town Hall with North Jersey families. WASHINGTON, D.C. — Last night, July 22, 2026, U.S. Congressman Josh Gottheimer (NJ-5) hosted a Telephone Town Hall with thousands of North Jersey residents to discuss his bipartisan efforts to lower health care and prescription drug costs, protect Social Security and Medicare, cut taxes, lower […]
Lazard profit plunges on elevated tax rate, financial advisory volatility
Investment bank Lazard reported a 91% plunge in second-quarter profit on Thursday, hurt by a higher tax rate and a drop in revenue in its financial advisory business.
Andy Burnham to cut tax for pubs, clubs and live music in England and make vape shops pay more
Live, rolling coverage of business, economics and financial markets as government says it will review reliefs for ‘anti-social’ businesses
Paris Bankers Ask Where's Next With Brexit Tax Breaks Expiring
Banks transferred jobs from London to Paris after Brexit. Now it might be time for finance professionals there to move again
California business owner says taxes and homelessness threaten his business
A ‘Fox News @ Night’ panel debates how the next California governor should address the economy and small businesses.
Politics in the Park: Property taxes, data centers and maternal care dominate House candidate forum
CASPER, Wyo. — Divisions emerged Wednesday as eight Republican candidates vying for four Wyoming House seats sparred over how deeply to cut property
'The restaurant remains open': Gee, Ursula stunned by Capitol Hill business owner's alleged $1.5M tax scheme
A Capitol Hill restaurant faces scrutiny as its owner is charged with stealing $1.5M in payroll taxes from employees.
Alaska Air says business strengthened despite fuel price surge
CHICAGO >> Alaska Air Group returned to profitability in June with a double-digit pretax margin despite fuel prices running nearly 70% higher than a year earlier, CEO Ben Minicucci said on the carrier’s quarterly earnings call today.
FDA sees early promise in new gene therapy for BAG3-associated DCM
An investigational drug therapy from Affinia Therapeutics has secured the FDA's orphan drug designation. This means the company now has access to certain benefits, including tax credits and fee exemptions, as it works toward approval.
GOP blocks Schumer's effort to ground taxpayer funding for Trump's Qatari Air Force One
Senate Republicans blocked Chuck Schumer's bill to halt taxpayer funding for the new Air Force One Boeing 747-8 retrofit over nuclear concerns.
Unsecured Business Property Tax Bills to Be Mailed in July
Nevada County Treasurer-Tax Collector Michelle Bodley and Assessor Rolf Kleinhans remind local business owners that annual Unsecured Business Property Tax bills will be mailed in July, with payments d
Alaska Air says underlying business strengthened despite fuel-hit quarter
Alaska Air Group returned to profitability in June with a double-digit pretax margin despite fuel prices running nearly 70% higher than a year earlier, CEO Ben Minicucci said on the carrier's quarterly earnings call on Wednesday.
City sales tax continues steady upward climb
Consumers are spending, businesses are growing -- and it's showing in city sales tax revenue.
Old-guard WA Democrats stage an intervention as party tacks left
Two of Washington’s former governors have now called out their own party, the Democrats, for “out of control” spending and taxes in Olympia. Is the party cracking up?
Sports, more staff could be on chopping block
Sports could be on the chopping block, along with additional staff members, if voters reject the Jackson County Central School District’s tax levy referendum again this fall. Members of the JCC Board of Education discussed the upcoming referendum — and what might have to happen if it doesn’t pass — at a work session last
Newsom's populist act: Oppose state billionaire tax, embrace federal one
Gov. Gavin Newsom opposes the California wealth tax measure and supports one nationally. But there’s another tax-the-rich measure on the state ballot.
Dynasty Financial Partners's Latest Innovations
Houston-based registered investment advisor Americana Partners has stepped into a new avenue, having established a division catering to wealthy clients in the sports and entertainment industries. The new unit will serve athletes, entertainers, creators, agents, and coaches with support from former athletes, entertainment executives, and financial professionals. The division will offer wealth management services and other offerings, including income diversification, brand protection, intellectual property strategies, tax planning, and investment management. For clients in the entertainment sector, ...
Pakistan Unveils Rs 18.8 Trillion Budget 2026-27: Tax Relief for Salaried Class, Landmark Exemption for Women's Health Amid Regional Crisis
Finance Minister Muhammad Aurangzeb presents federal budget for fiscal year 2026-27 during a National Assembly sessionISLAMABAD, July 22, 2026 (...
RIBER: FIRST-HALF 2026 BUSINESS ACTIVITY Business growth, resilient order book and continued rollout of ROSIE
FIRST-HALF 2026 BUSINESS ACTIVITYBusiness growth, resilient order book and continued rollout of ROSIE Bezons, July 22, 2026 – 8:00 am – RIBER, the global leader in molecular beam epitaxy (MBE) equipment for the semiconductor industry, reported 19% revenue growth for the first half of 2026, supported by strong momentum in services and accessories. Against a commercial backdrop marked by tighter export licensing conditions for Asia, the Company is continuing to roll out its ROSIE strategic roadmap
Patriots make three roster moves ahead of training camp
The Patriots reportedly made a slew of roster moves before the start of training camp.
5 lessons from 20 years of climate surveys: Political party matters, but it doesn’t explain everything
Why would a young Republican back solar but reject a carbon tax? Twenty years of survey data shows climate opinion is more complex than party labels suggest.
American Franchise Act Would Protect Small Businesses, Boost Economy
To: Members of the House Committee on Education and Workforce From: National Taxpayers Union Date: July 21, 2026 Subject: NTU’s views on the July 21 Markup I. Introduction On behalf of National Taxpayers Union, the nation’s oldest taxpayer advocacy organization, we write to express our views on legislation slated for consideration before the House Committee on Education and Workforce on July 21, 2026. While NTU recognizes that the Committee is considering a broader package of legislative propo, Author(s): Alexander Ciccone
CBO investigating feasibility of using healthcare fraud savings to fund Trump’s war
The nonpartisan Congressional Budget Office is looking into the effectiveness of the U.S. Department of Health and Human Services’ crackdown on waste and abuse in safety net healthcare programs, and whether the efforts could effectively generate tax revenue the government could then spend elsewhere.
Miami's cost of living now tops New York City's despite Florida's tax advantages
Rising property taxes, insurance premiums and 36% inflation since 2019 have pushed Miami's cost of living above New York City's for the first time on record.
Michigan extends key tax breaks for billions of dollars of real estate development in Detroit
Real estate developers are breathing a sigh of relief now that state lawmakers have agreed to an extension of two key property tax abatements used for projects around Michigan.
New Super PAC with ties to Boston Mayor Wu draws rebuke from the senator she’s trying to defeat
A new Super PAC that appears to be aligned with Boston Mayor Michelle Wu has emerged ahead of the state primary, where two Wu-backed challengers are vying to expel the two senators Wu blames for killing her tax bill.
California’s Business Tax Credit Cap Needs More Targeted Changes
California’s scramble to rework its business tax credit cap shows that the state is directionally correct to resist subsidy bidding wars but wrong to rewrite the economics of credits already issued after companies have already relied on them, writes Andrew Leahey.
This Analyst Bets On Tesla’s Robotaxi And Cybercab Businesses Ahead Of Q2 Results – Retail Sees Stock Climbing To $450
Cantor Fitzgerald said Tesla’s Robotaxi business and upcoming Cybercab platform represent a high-margin software-as-a-service opportunity, according to a report by CNBC.
Minnesota couple accused of failing to pay over $2 million in income, corporate taxes
'I just wanted to give up': Disabled patients face Medicaid denials from IT errors
Complex computer systems that decide whether people get Medicaid benefits have a history of errors. Now changes to comply with Trump's tax and domestic policy law are inundating those systems.
Hawai‘i comes in first — at being worst state for business
The fix for a bad business climate isn’t more bureaucracy. It’s less. Reducing taxes and regulations help revitalize the economy. If only our lawmakers would embrace those policies more often.
Hawai‘i comes in first — at being worst state for business
The fix for a bad business climate isn’t more bureaucracy. It’s less. Reducing taxes and regulations help revitalize the economy. If only our lawmakers would embrace those policies more often.
As Democrats move left, Klobuchar makes a business-friendly pitch in governor’s race
Her pro-growth message comes as Democrats increasingly want corporations and the wealthy to pay more taxes.
Leon Black walked out of an Epstein House committee interview. Here’s what we know
Billionaire investor Leon Black, who for years paid Jeffrey Epstein for tax and financial advice, is facing scrutiny over his relationship with the late convicted sex offender after walking out of a closed-door interview with House investigators last month.
Trump administration races to rebuild tariff wall knocked down by Supreme Court
The U.S. Treasury last year swelled with revenue from President Donald Trump’s double-digit taxes on imports from almost every country on earth. But the money dried up after the Supreme Court struck down the biggest and boldest of Trump’s tariffs in February. The question now is: Can the president’s trade team make good on its promise to replace the lost revenue?
So you want to buy a sports franchise? Why entering sports ownership gives the rich a ‘very elite and exclusive club’ with great tax benefits
Increasingly, the founders and heads of companies like Home Depot, Walmart and LVMH are entering the sports world. There's a good reason for that.