SCROLL NEWS / DISCOVERY
Search headlines
Find the stories shaping the conversation.
Results for " taxing " 37 found 🔀 AI-powered Shuffle
Sign in to save shuffle history.
Report: New York is number 1 in taxing, number 2 in spending
Report: New York collected just over $12,000 per person in “state and local taxes” for the 2024 fiscal year.
L.A. Measure CB voter guide: taxing illegal cannabis businesses
L.A.'s measure CB represents a hope to crack down on illegal cannabis businesses by closing a legal loophole. Opponents say the measure may normalize illegal activity.
How Taxing AI Could Save Jobs
Advice for policymakers and large employers, who will be enlisted in minimizing job losses.
Second House panel warms to Chase Tramont bill on heated tobacco regulatory change
The measure would establish a different taxing structure for heated tobacco products, which are considered a less harmful alternative to cigarettes.
Shell Falls as Europe Revives Windfall-Tax Politics
Oil above $100 strengthens cash generation and the political case for taxing extraordinary profits.
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.
Special taxing district buzz: Cut property taxes, but not mosquito control
'Without air conditioning and mosquito control, Florida would not have experienced the extraordinary growth and quality of life residents and visitors enjoy today.'
Lee, Niou face off ahead of Senate District 27 Democratic primary
Both Grace Lee and Yuh-Line Niou are progressives who favor taxing the rich, but oppose the city's plan for the district’s planned jail site as a replacement for Rikers Island.
Michigan business group says US trade war with Canada taxing residents' patience
Mark Frisk from the Michigan Smart Trade Alliance says that the U.S. trade war with Canada is already hurting American wallets.
Report: New York is number 1 in taxing, number 2 in spending
Report: New York collected just over $12,000 per person in “state and local taxes” for the 2024 fiscal year.
Opinion: Taxing billionaires will help Californians keep their health coverage
California voters have the chance to vote ‘yes’ on Proposition 40, which will make billionaires pay to keep hospitals open and healthcare affordable.
A taxing conversation: Stafford County supervisors explore business-license levy
The board also talked about how to use future revenue expected from data centers.
Collaboration needed
Illinois Times published an article April 2 entitled “A collaborative effort for downtown,” referring to the push to create a new taxing body to expand the BOS Center and construct a new hotel. I only wish a “collaborative effort” was indeed the case. While I am not an elected official, I am a longtime advocate […]
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.
Louisiana constitutional amendment would let parishes stop taxing business inventory
Here’s what to know about the amendment, which will appear on the May 16 ballot. Early voting starts Saturday.
Major business group warns proposed CA billionaire tax in could give more taxing power to lawmakers
A proposed California billionaire tax, which would impose a one-time 5% tax on billionaires and their assets to fund health care programs, is facing scrutiny from a major business group over concerns about legislative power.
Opinion: Under the mayor's budget, local biz owners like us would pay the price
When the city talks about “taxing big business,” most people don’t picture us: the McDonald’s local business owners. Here's our perspective.
Social Security is Facing a Political Crisis
On Tuesday the Social Security Trustees released their latest report on the system’s finances. The numbers didn’t change much: Unless something is done, the Old Age Survivors and Disability Insurance (OASDI) program, Social Security’s official name, will be unable to pay full benefits starting in either 2032 or 2034, depending on some technical issues. That’s not far away: If the Trustees are right, the prospect of a Social Security crisis will loom over the next presidential administration. It’s important to understand, however, the nature of the looming crisis. It won’t be an economic crisis. It won’t even be a serious fiscal crisis. Whatever you may have heard, Social Security isn’t in danger of going bankrupt. What we’re facing, instead, is potential political crisis. Congress and the White House could easily take action to sustain America’s retirement system. But given the current state of our politics, there’s no guarantee that they will. There is a widespread misunderstanding of how Social Security works. While Social Security was designed to look like a pension fund, it isn’t. A pension fund pays benefits out of a stock of assets it has accumulated over time. In contrast, Social Security operates as a government transfer program, like food stamps or Medicaid. Now, unlike food stamps — but like the highway trust fund — Social Security is on paper supported by a dedicated tax, the payroll tax, that is assigned to that program. But I say “on paper” because from an economic point of view assigning the payroll tax to Social Security is just an accounting convention. What matters for the U.S. economy is the overall balance between government spending and government revenue, not the difference between one type of spending and one source of revenue. So there’s no inherent economic significance to the fact that by 2034 payroll tax receipts will be insufficient to cover promised benefits. There is, however, a legislative issue. As long as the Social Security Administration can pay benefits out of payroll taxes and its cash reserve, there’s no need for Congress to vote each year to authorize benefits — they just keep going out until further notice. However, once those resources become insufficient, benefits will fall —by 17 percent according to the Trustees — unless Congress passes new legislation that “tops up” Social Security’s finances. Yet the current administration and Republican party are such extremists that there is a real risk that Social Security will be held hostage on behalf of their goals. If this should come to pass, the hostage-takers will claim that shoring up Social Security is unaffordable. Right on cue, Mike Johnson, the Trump-sycophant Speaker of the House, declared on Monday that “entitlement programs” like Social Security “have to be adjusted and fixed,” and that Republicans will introduce a plan to that effect next year. But this is a ploy, because while the cost of maintaining Social Security benefits at their promised level isn’t trivial, it is in fact affordable. According to the Trustees’ report, the actuarial balance of OASDI up through 2050 — the amount of additional funds it would need to keep paying full benefits for the next 25 years — is 1.06 percent of GDP. To put that number in perspective, the Trump administration proposes increasing military spending next year by $420 billion, equivalent to about 1.4 percent of GDP – without any discussion of whether that’s affordable Yet how did we get to the point where Social Security will need to be topped up? The main answer is that we have an aging population, with a growing ratio of retirees collecting benefits to workers paying into the system: Trump’s anti-immigration policies are making this problem worse. According to the Trustees’ report, lower immigration will deepen Social Security’s financial hole because many immigrants are working-age adults who will pay into the system for decades before they collect benefits. In fact, this problem may be much bigger than the report acknowledges: The report’s baseline assumption is that we’ll have net immigration of almost 1.2 million people a year, and even the pessimistic case assumes 750,000 a year. Meanwhile actual net immigration has already been cut far below that — and may now be negative. Moreover, Social Security is being financially damaged by growing income inequality in America. Payroll taxes are levied only on wages up to $184,500, and they don’t touch capital income. With the distribution of income increasingly shifting from labor to capital, as well as becoming more unequal among wage-earners, revenue from the Social Security payroll tax has been falling as a share of national income. From 1990 to 2024, it fell from 5.02 percent of gross domestic income to 4.46 percent. Which brings me to the question that, these days, we ask about everything: How might Social Security be affected by the advent of AI? A short answer: If, as many of us fear, AI accelerates rising income inequality, it will further reduce the payroll tax receipts that currently pay for Social Security and further endanger its finances. On the other hand, if AI, as its advocates promise, leads to faster economic growth, it will increase the potential tax base that could and should be used to support Social Security and other social insurance programs. But to take advantage of that larger base, we’ll have to get serious about taxing wealth and capital income. Is Social Security in trouble? Yes, but only because of the way its financing is currently structured — a structure that no longer works well because our society and economy have become so unequal. Moreover, Trump’s immigration policies are further endangering its already deteriorating financial condition. So don’t believe Republicans’ gaslighting that it will be necessary to cut Social Security benefits. All that is necessary to preserve Social Security is political will to raise taxes on the wealthy and a sensible immigration policy. MUSICAL CODA Actually 67 under current law.
Taxing issue – Wood County Board of Health suspends pay raises due to property tax worries
…
A graduated tax plan could undercut Colorado’s business competitiveness, analysis warns
A proposal to move Colorado to a graduated income tax — taxing individuals and businesses at different rates based on their earnings — could generate more than $2 billion in its first year, but it may also weaken the state’s business climate, according to a new analysis from the Common Sense Institute. Initiative No. 195, […]
Dueling State Approaches to Taxing Related Businesses: Explained
A recent Massachusetts decision called into question the dominant method for determining how to apportion a unitary group’s taxable income in combined filing states.
‘We’re taxing the rich’: Kevin O’Leary and Bill de Blasio debate NYC Mayor Mamdani’s new tax on second homes
This Week in Politics: A compromise on taxing the rich in New York | WNYC | New York Public Radio, Podcasts, Live Streaming Radio, News
Gov. Hochul announced a proposal to impose a new tax on second homes in New York City valued at $5 million dollars and more.
The Optimist: Taxing depth early as a sign of progress
It won't be a smooth road, but the Panthers might actually have a car capable of driving on dirt for the first time in years
Shifting left, Democrats see universal health care, taxing the rich as 'essential,' Reuters/Ipsos poll finds
Liberal Democrats now make up a clear majority of their party and view universal healthcare, greater abortion access and higher taxes on the rich as essential political positions, underscoring how Democrats have moved leftward in recent years, according to a new Reuters/Ipsos poll.
Taxing millionaires and billionaires is a political no brainer for Democrats
The American financial elite have benefited from tax breaks while the rest of the population struggles, leading to a push for tax reform and increased taxation on the wealthy.
Pittsburgh should stop making businesses pay income taxes
Thank you for today’s editorial supporting a land-value tax and explaining the logic behind it. I ask you, who seem to understand that taxing something...
Betty Heath: Taxes, politics and the worry bird
We have a very taxing situation at our house. The weather has been overrated and understated.
Tennessee Sports Betting Handle Holds Near $443M in May 2026 as Its Handle Tax Stays Flat
Tennessee took $443M in May 2026 sports bets at a 9.25% hold. As the only state taxing handle (1.85%) rather than revenue, its tax stays tied to volume. Full breakdown.
Lee, Niou face off ahead of Senate District 27 Democratic primary
Both Grace Lee and Yuh-Line Niou are progressives who favor taxing the rich, but oppose the city's plan for the district’s planned jail site as a replacement for Rikers Island.
A taxing night: Business owners stay up late to help bury BPOL in Stafford County
A proposal to institute the levy failed on a 5-2 vote from the Board of Supervisors.
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.
Dem CA governor candidates seek daylight during first debate
A question about taxing billionaires created perhaps the most indelible moment at Tuesday night’s debate hosted by KTVU Fox 2 San Francisco
Opinion | Deepak Hegde | Taxing the Talent that Builds American Science
Professor Deepak Hegde op-ed: “Taxing the Talent that Builds American Science.”
Valve's "Steam Machine Verified" ratings offer more questions than answers
Dozens of titles too taxing for Steam Deck are still unrated for the new hardware.
Here’s What It Means to Be a Democratic Socialist
Universal health care, taxing the wealthy and opposition to military aid to Israel are among the movement’s key tenets.
'We've been sold out': Punters Politics fronts inquiry into gas export tax
Konrad Benjamin, a former school teacher who is behind the social media account Punters Politics, tells a Senate inquiry into taxing gas that the issue has fired up his near million followers