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Jon Shure at the Center on Budget and Policy Priorities argues that blaming states for their overspending isn’t a solution to the pickle they’re in now. Fair enough, but as someone who doesn’t want to let California and Illinois and others off the hook for their fiscal distress, I feel compelled to respond. “The blame game” [...] It is not news that state tax revenues have been absolutely hammered in the current economic downturn. But you may be surprised to learn that one local tax has held up relatively well. It is, of all things, the property tax. How can that be, you ask, if so much of the economic mess was [...] In 2005, the District of Columbia set up a gross receipts tax on larger businesses to pay for the new $611 million Nationals ballpark. The Washington Examiner calculates that the city has collected $135 million in taxes and rent above its payments on the ballpark’s bonds. Rather than reduce the “dedicated” tax, they’re raiding the [...] Within 12 days the Dow has went up more than 1000 points and is now above 9000 again. A reason for this little summer rally could be the banks making gains again, and some signs predict that the economy brightens up again. It seems that the optimism is back. And that’s also my opinion, the [...] In a move reminiscent of Richard Nixon’s visit to China, conservative economist Martin Feldstein argued in today’s Wall Street Journal that the Bush tax cuts should be extended for a year or two, but not made permanent. Although it is important to avoid increasing the current tax rates until the recovery is well established, the [...] An Arizona tax bill is reportedly dead for now: Several GOP senators joined Burns in voicing concern about the potential impact on the state budget deficit. “I could not support what we have right here, digging a deeper hole,” said Sen. Linda Gray, R-Glendale. Arizona is expected to face budget shortfalls for years to come because of the [...] Corbett and Lovegrove LIVE! When Brendhan Lovegroves first choice for a show partner dropped out at the last second the call was put in to Jeremy Corbett and. DEAL! Now two of NZs greatest ever homegrown talents return to the stage in the hotly anticipated double header, Corbett and Lovegrove LIVE! This bang for your [...] |
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