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Rutherford Co. invites frustrated Nashville businesses south as property tax concerns grow
After rising property taxes sparked concern among some Nashville business owners, a neighboring county is encouraging frustrated businesses to look elsewhere.
Gavin Newsom proposes a California digital software tax
California Gov. Gavin Newsom said it's unfair how some people avoid paying the state sales tax when buying software.
Why Wisconsin lawmakers blew up a state budget surplus deal
Democratic and Republican legislators reject a deal to cut taxes and boost school funding.
Aspen launches new platform for business licensing, tax filing, STR permitting
The city of Aspen has announced the transition to a new online platform, Localgov, for business licensing, short-term rental permitting and local tax filing beginning June 1.
This Week in Jacksonville: Business Edition - City leaders push for practical money skills in schools
Florida now requires a stand-alone personal financial literacy course for high school graduation - but guests on This Week in Jacksonville: Business Edition say the real question is whether it changes behavior. Host Kent Justice talks with Dr. Ronetta Wards of the Jacksonville Public Education Fund (JPEF) and Howard Dale of the Rotary Club of Jacksonville about what “financial literacy” should actually mean for 17- and 18-year-olds: credit, debt, taxes, budgeting, savings, investing, and even emerging currency like crypto.
Childcare business tax credit program goes to governor
As the midnight deadline approaches for all remaining bills to be acted on, the New Hampshire Senate voted “ought to pass” on a bill endorsed by Gov. Kelly Ayotte that would create a tax credit for businesses that create more childcare slots.
Gov. Newsom to propose tax cut for new small businesses with May Revise budget
California Gov. Gavin Newsom is set to propose a 50% tax cut for hundreds of thousands of small businesses, as part of his revised budget presentation on Thursday. The proposal to benefit an estimated 250,000 new businesses each year is part of the updated look at Newsom's budget priorities for the upcoming fiscal year, known as the May Revise.
Legislation raising dozens of fees on businesses goes to Delaware Gov. Matt Meyer’s desk
The increases include annual taxes, miscellaneous fees and costs for expedited state services.
Portland’s proposed arts tax makeover prompts legal threat by business lobby
The Portland Metro Chamber claims the City Council lacks legal authority to raise the tax from $35 to $50 without voter approval, despite city attorney's opinion to the contrary.
Albany County Legislature approves tax on short-term rentals
Legislators approved a new “AirBnb Tax” this week.
Louisiana medical marijuana businesses are poised for a massive tax cut. Here’s why.
Medical-only cannabis businesses in the Southeast are set to benefit the most from the Trump Administration's recent regulatory changes.
Former NYPD chief launches NYC mayoral bid, promises ‘truth’ over politics
Retired NYPD Chief of Department John Chell joins ‘Mornings with Maria’ to sound off on NYC Mayor Zohran Mamdani’s budget, warn on taxing the wealthy, and weigh in on crime, protests and NYPD-ICE tensions.
Gilts Become ‘Half-Hour Trade’ on Politics, HSBC’s Kettner Says
(Bloomberg) -- The UK’s fractious politics is making investors wary of long-term wagers in the country’s gilt markets, according to HSBC Holdings Plc’s Max Kettner.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyMamdani Scraps Property Tax Hike, Counts Second-Home Revenue“I’d love to buy them because obviously long-end yields are so en
Why election politics loom over Madison deal on tax relief, school funds
Many on the November ballot dislikes a deal for tax relief and school funds brokered by Gov. Tony Evers and Republican leaders. Here's why.
Democrats abandon rollback of business tax breaks to fund family tax credit after Colorado governor’s veto threat
House Bills 1221 and 1222 were killed in the Senate Finance Committee on Monday at their sponsors’ request in response to a veto threat from Gov. Jared Polis
NY Real Estate, Business Groups Lobby to Defang Second Home Tax
New York’s real estate and business communities are viewing a proposed tax on second homes as the first step in a multi-year push to raise taxes on wealthy residents.
Maine's mental health system is failing families and taxpayers
May is Mental Health Awareness Month. But for Maine families living alongside severe mental illness, awareness is not enough. We need action, accountability, and reform. I am a nurse and a professor. More importantly, I am a mother. Our adult son lives with schizoaffective disorder, causing paranoia, hallucinations, delusions, and profound instability. Compounding his illness […]
Why Some States Are Pushing Back on Small Business Tax Break
The expansion of a capital gains exclusion for qualified small business stock is costing states millions in revenue.
New York leaders for and against federal gas tax holiday
President Trump says he’s considering a federal gas tax holiday which would shave off 18 cents per gallon, but he’ll need approval from Congress to do it.
Vault: W&M diving into sports tax
The House Ways and Means Committee is preparing for a hearing to investigate a slate of sports-related tax issues, according to multiple sources familiar with the plans.
Effort to roll back business tax breaks collapses at Colorado Capitol
Colorado Democrats in the final day of the legislative session largely abandoned their plan to reverse a suite of tax breaks for businesses and redirect that money to a new tax credit for lower-income families. ...
Trump says Iran truce on ‘life support,’ seeks gas tax pause
The breakdown in negotiations sent oil prices higher
Jamie Dimon: JP Morgan could scrap new £3bn HQ if Starmer is replaced by PM ‘hostile to banks’
Bank greenlit construction of the Canary Wharf tower last November after Rachel Reeves’ budget spared lenders tax hikes
Cleveland looks to eliminate entertainment tax for small music clubs
Cleveland looks to eliminate entertainment tax for small music clubs. Four percent tax only represents 1% of total revenue from entertainment events
Live Results: West Virginia midterm state and congressional primaries
West Virginia voters will nominate candidates for the U.S. Senate and the U.S. House.
Here’s How Washington Could Suspend the Federal Gasoline Tax | WSJ Politics Newsletter for May 12
Plus, Justice Department targets media organizations over leaks, and stalemate emerges in the Middle East as the cease-fire enters its second month
Vodafone Swings to Pretax Profit on Revenue Growth
Revenue was driven by strong service revenue growth and the consolidation of Three UK, which was partially offset by foreign-exchange movements.
Greens’ Zack Polanski admits failing to pay correct council tax on houseboat
Party says leader has ‘immediately taken steps’ to pay any tax owed after ‘unintentional mistake’
Sponsors kill two bills to roll back $450 million in business tax breaks | The Sum and Substance
The bills sought to pare down two notable business tax breaks and to decouple state policy from federal tax laws speeding up depreciation.
How to make the ROI business case for direct tax automation
Discover the ROI of automated direct tax software. Learn how to build a compelling business case with measurable financial benefits and strategic advantages.
Business owner warns Washington’s 'millionaires tax' could spur an exodus of top earners
A sense of frustration is growing among some of Washington state’s job creators.
Tax break for United Center’s 1901 Project advances amid union pushback
The request for a property tax break has given a hospitality union leverage in negotiations over permanent jobs created in the $500 million first phase of the $7 billion mixed-use development.
City Council panel backs tax incentives for United Center entertainment district
A plan to provide nearly $55 million in tax rebates for the $7 billion project that’s meant to be “transformative” for the West Side sailed through the council’s economic development committee.
NYC’s billion-dollar businesses issue a high-stakes economic alert on impact of proposed new taxes
A report from the Partnership for NYC shows that member companies support around 940,000 jobs and contribute billions to the local economy.
Trump seeks to pause federal gas tax as prices soar amid Iran conflict
Congress would have to approve the proposal, and passing the savings on to drivers, rather than oil companies, would be difficult to enforce.
City Council panel backs tax incentives for United Center entertainment district
A plan to provide nearly $55 million in tax rebates for the $7 billion project that’s meant to be “transformative” for the West Side sailed through the council’s economic development committee.
Big, Beautiful Success Story: Missouri Small Business Owner Expands, Creates New Jobs Thanks to Working Families Tax Cuts
WASHINGTON, D.C. – The pro-worker, pro-growth tax policies in the Republicans’ Working Families Tax Cuts are already helping small businesses...
Trump Endorses Feeble Way to Lower Gas Prices
President Trump has endorsed suspending the federal gas tax, which won’t do much to solve the problem he created when he started the Iran war.
Evers, GOP leaders reach $1.8B deal to lower taxes, boost school funds
Democratic Gov. Tony Evers and Republican legislative leaders have struck a nearly $2 billion deal to deliver new funding to schools and provide tax relief.
The US in Brief: a petrol-tax suspension floated
Our daily political update, featuring the stories that matter
Prop D vs. Prop C: San Francisco’s high-stakes fight over business taxes
San Francisco voters will soon decide on two dueling business tax measures backed with millions of dollars in campaign contributions for the June 2 San Francisco voters will decide between Proposition D’s corporate tax hikes and Proposition C’s small business tax relief in a high-stakes June election battle over the city budget and economic recovery.
Column: America’s broken politics are dragging it down a fiscal black hole
Restoring fiscal control demands a comprehensive plan to raise taxes and cut entitlement spending substantially, Bloomberg Opinion columnist Clive Crook writes.
Chicago Teachers Union wants $8.5 million dues hike to fund politics
“Has your brand become toxic?” This was a pointed question from WGN Political Editor Tahman Bradley, posed to Chicago Teachers Union President Stacy Davis Gates in a recent interview. Her immediate response: “I don’t understand the question.” When pressed, Gates added, “The Chicago Teachers Union is not a political party, it is a labor union.” But internal union documents show CTU leadership is trying to skim $8.5 million more from teacher paychecks explicitly for politics, while trying to silence union members critical of Gates’ leadership. Under the proposed dues hike, Chicago teachers would see up to $800 more per year flow from their paychecks to union coffers. The union already takes in more than $40 million a year, mostly from dues. And it spends less than 18 cents of every dollar on teacher representation. The No. 1 reason for the proposed dues hike? Politics. “We must win a majority of the first 21 person fully elected school board in November,” reads the first point in CTU’s member FAQ document.1 This directly contradicts CTU’s promise to members about how leadership uses dues money. The official CTU handbook tells members that the union does not use dues money for politics, so if they are interested in funding political activity, they should consider voluntary donations to CTU’s political action committee. “Our dues are not used for political purposes,” according to the handbook. “So our PAC relies on extra contributions from our members to support progressive candidates and to impact elected officials at the city, county and state levels.” This kind of double-speak is one reason members are concerned about another constitutional change slipped into the dues hike vote, which will take place on May 20-21: an attempt to stop members from holding the union accountable. A proposed amendment to the union constitution tries to place limits on when members may bring a lawsuit against the union for violating members’ rights.2 This provision is clearly a response to members’ lawsuit against union leadership regarding Gates’ years-long refusal to publish audited financial statements. The judge in that case has repeatedly denied the union’s attempts to dismiss it. Teachers opposed to these changes have been circulating this flier, urging members to vote no. What will CTU members get in return for millions of dollars in additional dues? If the 2024 school board elections are any indication—not much. CTU leadership’s record on school board races may not inspire confidence among members. A Chicago Policy Center analysis of a dozen affiliated PACs found CTU spent nearly $2.9 million on school board races in 2024. Of that spending, more than $2.1 million (75%) went to losing candidates. And while CTU-backed candidates lost six of the nine competitive seats overall, they fared worse in their biggest-spending races, losing five of six contests in which the union and its affiliates put up more than $250,000 for their candidate. The Chicago school board elections take place Nov. 3.3 Is another $8.5 million enough to clean up a toxic reputation? Not likely. Update on federal tax credit scholarship: Last week, Democratic New York Gov. Kathy Hochul said she plans to opt into the federal tax credit scholarship program. If Illinois Gov. JB Pritzker follows suit, Illinois could unlock $1 billion in donor money statewide for both public- and private-school students. If Illinois does not opt in, that money will flow to other states. The Last Ward reported in February on how Illinois Democrats could unlock at least $100 million in new resources for Chicago public-school students by opting in. Update on the investigation into how Chicagoans learned about a meeting to hike their property taxes: The Last Ward reported in January on an absurd, taxpayer-funded investigation into how local media learned of a planned Chicago school board meeting to hike the district’s property tax levy. That investigation is now complete. Lawyers interviewed two dozen witnesses, and found nothing. Update on Illinois’ muni debt crisis: My colleague Joe Tabor last week published a must-read piece in Crain’s Chicago Business about how Illinois recently rejected south suburban Harvey’s request to be designated a “distressed city.” The saga shows why the state must implement a better structure to assist insolvent local governments, including allowing for the option to pursue debt relief via Chapter 9 bankruptcy. The Last Ward reported in October on how Harvey is tipping the first domino in Illinois’ municipal debt crisis. Mincing Rascals: I joined the Mincing Rascals podcast to discuss the SAFE-T Act, the millionaires tax, and more. My “green light” recommendation: Force Majeure (2014). 1 Notably, the No. 2 reason cited is “resources to fund a state-wide millionaires tax campaign in order to fully fund the state’s school funding formula.” The constitutional amendment necessary to implement a progressive income tax in Illinois recently died in the Illinois House, meaning this question would not appear on the ballot until 2028 at the earliest. 2 There is seemingly no single-subject rule for CTU constitutional amendments. So members only get one vote on the full package. One cannot vote “yes” on the dues hike and “no” on the restriction of members’ rights, for example. 3 Illinois law grants far too much power over local government to unelected officials like Gates. State lawmakers should fix that.
Oregon Democrats found a way to improve roads. Now their gas tax goes before voters as prices soar
A referendum on Oregon’s primary ballot seeking to repeal a Democratic gas tax increase is complicating the affordability message central to the party’s midterm election strategy
Oregon Democrats found a way to improve roads. Now their gas tax goes before voters as prices soar
A referendum on Oregon's primary ballot seeking to repeal a Democratic gas tax increase is complicating the affordability message central to the party's midterm election strategy.
Editorial: Economy, health headline session
The story of the 2026 Legislature is one of making difficult spending and taxing decisions, which meant that proposals to add new spending to the balance sheet were a heavier lift.
Small business owners shouldn't wait to Q4 to plan for their taxes
Small business owners can avoid end-of-year tax stress and penalties with proactive planning and these five tips.
NYC's elites are tired of being painted as the enemy by Mamdani and his ilk
A friend of mine who runs a big finance-related firm here in New York City is scouting for new digs in Miami — not only for office space but also a house — and it’s not just about the taxes.
How a sales tax hike to protect healthcare would affect Long Beach
If approved, the city’s sales tax rate would hit 11.25%. Some local leaders say it’s imperative to protect hospitals and clinics gutted by federal cuts.
Dying with a health savings account can leave a tax bomb for heirs
Non-spouse beneficiaries like children and grandchildren can be on the hook for a big tax bill if they inherit a health savings account.
Colorado needs a sane, viable opposition party
If you are upset with the increasing regulatory burden in Colorado, the exodus of too many large employers, accelerating property taxes, the condition of the roads, and all of the funding for transit schemes with low demand, of course, you can lay the blame on Democrats who control all levers of state government. The same […]
Denver to offer small business loans up to $350K from marijuana sales tax fund
Oneida County State of the County address touches on housing efforts
He said a PILOT agreement will be voted on next week which would include a new tax exemption policy increasing the types of housing that can be incentivized.
A political pivot? Seattle Mayor Katie Wilson embraces corporate partnerships while standing by new taxes
Seattle Mayor Katie Wilson appears to be attempting to reset the conversation around her relationship with Seattle's biggest corporate employers.
NYC's pied-a-terre tax is 'political theatre,' CEO explains why
CEO of Empire State Properties Suzanne Miller joins 'Varney & Co.' to discusses New York City's pied-a-terre tax and the impact on the city's real estate and wealthy.
Small Business Deduction Shouldn't Exclude Independent Financial Advisors - Americans for Tax Reform
Americans for Tax Reform urges the Trump Treasury Department to issue guidance allowing independent financial advisors to fully qualify for the 20 percent
NYC business owner kickstarts million dollar campaign to combat Mamdani-driven business exodus
Andrew Murstein pledges $1 million for Operation Boomerang, an effort to lure businesses back to NYC amid Mayor Mamdani's policies targeting the wealthy.
Rochester Mayor Malik Evans presents 2026-2027 proposed budget
It includes a $7.5 million increase to the property tax levy — the first increase of its kind here in nearly five years.
NFIB Urges Congressional Leaders to Include Small Business Priorities in Additional Reconciliation Bill
New package should further unleash small business success with targeted tax, regulatory, and healthcare reforms
Will the ‘millionaires tax’ hurt Seattle sports? It’s complicated
A higher state income tax could add a layer of uncertainty and complexity to how Seattle sports teams handle free agency.
A State Budget That Speaks to a New Political Reality
Gov. Kathy Hochul and legislative leaders announced a handshake deal on a budget that includes a second-home tax, expanded child care in the city and a ban on ICE agents’ wearing of masks.
Hochul says second home tax is part of budget deal, but details still scarce
Mayor Mamdani is optimistic the final state budget will help close the city’s $5.4 billion budget gap.
Oakland’s businesses are struggling. Voters will decide on giving them a tax break.
The ballot question will appear before voters just months after City Auditor Michael Houston found that Oakland’s own tax collectors failed to fetch millions of dollars.
Taxpayers could foot the bill for millions in unpaid bills from insurer, Harris Health says
Harris Health has filed a federal lawsuit alleging one of its contracted insurance providers owes the public hospital system millions of dollars in unpaid medical claims, costs the county says could ultimately fall on taxpayers.
How could downtown Baton Rouge change in this $1.7B plan? Youth sports complex, housing, more.
If all recommendations of the plan are brought to fruition, it would represent more than $1.7 billion in investment, bringing in a combined $37 million in sales and property tax revenue and creating about 5,500 jobs.
Nebraska sports financing board OKs tax incentives for Lincoln and Omaha projects, rejects others
Of the 11 applicants for tax incentives to fund sports facility projects across the state, only two projects were approved.
Pillen-led board approves tax incentive for Omaha, Lincoln sports facilities, rejects nine more
A Gov. Jim Pillen-led board approved use of a state tax incentive for an Omaha and a Lincoln sports facility project, but rejects nine others.
The Politics Hour: D.C. police scandal & tax hikes in MoCo
WAMU's Alex Koma break down the D.C. police scandal over crime data, WAMU's MD reporter Jenny Abamu previews MD-5 Congressional race, and Montgomery County Executive Marc Elrich on why he wants a tax hike.
Trump’s Vanity Projects Are Wildly Unpopular. Why Is He Forging On?
Republicans even want taxpayers to help fund the elaborate White House ballroom now.
ICYMI: Rep. Smucker in York Daily Record: From Main Street to family farms, small businesses power region
WASHINGTON – In case you missed it, Rep. Smucker (PA-11), Vice Chairman of the House Budget Committee and senior member of the tax-writing Ways and Means Committee, published an op-ed in recognition of Small Business Week in the York Daily Record, highlighting the ways small businesses bolster our economy.
How federal regulations choke U.S. science
Investment in research is a good use of tax dollars, but bureaucracy is reducing the return on investment.
Mamdani's latest tax pledge 'makes no sense' and will only exacerbate Florida 'exodus': former mayor
Republican congressional candidate Scott Singer predicts continued business exodus from NYC to Florida amid Mayor Mamdani's tax-the-rich policies.
Erie County Legislature committee eyeing gas tax cap amid high prices
The Finance and Management Committee will meet Thursday to discuss.
Report: SF's high business taxes hurt economy
Compared with peer cities, SF said to be an "outlier."
Senate GOP fears $1B for White House ballroom represents political landmine
A Republican proposal to spend $1 billion in taxpayer money on security for the White House ballroom has become a political landmine in the Senate debate over funding Immigration and Customs Enforc…
Texas-based teleradiologist wins court battle over California income taxes
The California Franchise Tax Board had charged that the rad and his sole proprietorship could be combined to constitute a "unitary business," subject to state taxation.
Restaurant owner warns many businesses ‘will go under’ if minimum wage hits $30
DeLuca’s Italian Restaurant owner Robert DeLuca discusses running a small business in New York, citing policy shifts, rising labor costs and the impact of tax cuts on ‘FOX Business In Depth.’
McKinsey Small Business Report Shows Need for Indexing Cap Gains Amid $5 Trillion in Ownership Transfer - Americans for Tax Reform
A new report from the McKinsey Institute for Economic Mobility focuses on an unprecedented wave of small-business ownership transitions. By 2035, about 6
Digital archive reveals how NIH built the field of genomics
Study details how taxpayer-funded agencies choose what science to support, previously a ‘black box’
Months after pitching homestead property tax repeal, Ron DeSantis still 'running studies' on how it will work
'It is doable.'
Mamdani’s tax the rich slogan is ‘just as hateful’ as racial slurs, New York real estate titan says
No one likes higher taxes. But New York City Mayor Zohran Mamdani’s plan to tax wealthy residents’ second homes has elicited a highly emotional response from two of the city’s richest.
How One California Shop Is Succeeding in the Tricky Marijuana Dispensary Business
Despite heavy taxes and a lack of traditional banking, this dispensary succeeds with a ‘grocery store’ layout and low-key customer service.
Rochester study finds demand for more attractions, entertainment
While residents support continued growth, they also expressed caution, particularly around rising taxes, traffic, housing costs and overall cost of living.
Norman City Council discusses proposed TIF ordinance, Rock Creek Entertainment District
Norman City Council discussed a proposed ordinance that would create an application and evaluation process for proposed tax increment financing, or TIF, districts and the proposed 2026-27 capital improvement program
Nashville leaders consider tax adjustment, incentives as small businesses get “squeezed”
As Nashville property taxes stay in the spotlight with residents and business owners battle higher costs.
Not cutting sports: Oxford Hills budget proposal includes no increase in spending
Oxford Hills says it was able to preserve all sports in the budget, but because of a reduction in state funding, taxes would go up under the budget proposal.
Remember Tim Eyman? He’s bearing bad news — for his own side
The anti-tax crusader is passing around internal poll results that show the "millionaires tax" would be easily upheld by voters this year.
Ken Griffin vows to 'double down' on Miami move, says NYC 'doesn't welcome success'
Billionaire Ken Griffin reaffirmed Citadel's move to Miami at the Milken Conference, citing his feud with NYC Mayor Zohran Mamdani over tax policy changes.
Officials advance expanded tax district for Downtown Chesterfield development despite business opposition
A divided Chesterfield City Council needed the mayor to break a tie Monday night to approve an expansion of the Downtown Chesterfield Special Business District, despite objections from business owners now being pulled into it. The expansion, which would bring Drury Inn & Suites, Hyatt Place Hotel, Stoney River Steakhouse and Grill, Bishop’s Post, and […]
Small business relief has come, but more is needed, Sen. Marshall says
Kansas Sen. Roger Marshall calls attention to tax breaks and reduced regulation; advocates for competition on credit card swipe fees.
Seattle professor says 'millionaires tax' could impact state business climate, relocations
Washington’s newly approved tax on millionaires is raising questions about whether some of the wealthiest residents could leave.
Border politics - how similar jobs in the same firm deliver different tax bills
Workers in southern Scotland can find themselves paying more tax than colleagues who live south of the border.
AMC Entertainment Q1 Revenue Jumps 20% Amid Box Office Recovery
The biggest theater group in the U.S. and globally, AMC Entertainment, said strong domestic performance and “vastly improved” international results across its European footprint boosted first quarter revenue, which topped $1 billion from $862.5 million the year before. Adjusted EBITDA (earnings before interest, taxes, depreciated and amortization) was a positive $38.3 million compared to negative …
Why Starbucks picked Nashville over Seattle for expansion, according to local business reporter
A Seattle business reporter questions why Starbucks is expanding in Nashville over Washington, suggesting the state's tax climate may be driving the move.
NYC business bigwig slams Zohran Mamdani's 'Tax the Rich' video outside Ken Griffin's home as 'ugly'
New bestseller featuring Sacramento tax strategist offers roadmap to lower taxes for small businesses
A Sacramento-area tax strategist is gaining national attention after helping launch a new bestselling guide aimed at helping small business owners legally reduce their tax burden.
Republicans propose $1 billion in taxpayer dollars to secure Trump ballroom
The president said repeatedly that the White House ballroom would be privately funded but has raised security concerns, particularly in light of the correspondent's dinner shooting.
Supreme Court strikes down Louisiana map in major gerrymandering ruling, sparks political firestorm
Rep. Steve Scalise, R-La., joins ‘Mornings with Maria’ to react to the Supreme Court’s Louisiana map ruling, discuss President Donald Trump’s Iran strategy, and highlight tax cuts boosting small businesses and workers
Seattle business lobby hires an ambassador to the left
With a mayor who has championed taxes on businesses and wealthy employees, the region's most prominent business advocacy organization hopes to show a path to moderation through a new CEO.