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Trump could avoid killing your property tax deduction by ending this perk for the rich

Trump could avoid killing your property tax deduction by ending this perk for the rich

WASHINGTON — President Donald Trump and congressional Republicans could spare New Jersey residents from losing their deduction on state and local income and property taxes and still raise enough cash for their tax cut plan by ending a big break for the wealthiest Americans.

The Facts About Who Pays the Most in Taxes in America

The Facts About Who Pays the Most in Taxes in America

    By Walter Williams Politicians exploit public ignorance. Few areas of public ignorance provide as many opportunities for political demagoguery as taxation. Today some politicians argue that the rich must pay their fair share and label the proposed changes in tax law as tax cuts for the rich. Let’s look at who pays what, […]

$373.4 Billion a Year in Higher Taxes and Fees Proposed In 2017 Legislative Session

$373.4 Billion a Year in Higher Taxes and Fees Proposed In 2017 Legislative Session

CalTax Foundation: SACRAMENTO – California state lawmakers this year proposed $373.4 billion in higher annual taxes and fees, the nonpartisan California Tax Foundation reported today. “The $373.4 billion cumulative cost of proposals introduced in 2017 is the highest amount identified since we began publishing Tax Watch in 2015,” California Tax Foundation Director Robert Gutierrez said. […]

Businesses Joined by Non-Profits in Leaving California for Friendlier States

Businesses Joined by Non-Profits in Leaving California for Friendlier States

  By Joseph Vranich Friends in economic development agencies and in the site selection consulting world have asked why I haven’t posted anything in quite awhile. My answer is simple: I’ve been exceptionally busy. It certainly isn’t because there aren’t things to write about. Another question I’m usually asked is whether businesses are still leaving […]

For 50,000 new Amazon jobs, will Los Angeles act ‘stable and business-friendly’?: Susan Shelley

For 50,000 new Amazon jobs, will Los Angeles act ‘stable and business-friendly’?: Susan Shelley

By Susan Shelley – Los Angeles Daily News   Amazon is going to build a new headquarters, and Los Angeles wants it. City Councilman Bob Blumenfield wrote in a letter to Amazon CEO Jeff Bezos that the former Rocketdyne site in Canoga Park would be an ideal location. The property is “vacant, available and ready […]

Tax Code Overhaul; High-Speed Rail; New Sales/Use Tax Rates- per CA Bd. of Equalization, Vice Chair George Runner

Tax Code Overhaul; High-Speed Rail; New Sales/Use Tax Rates- per CA Bd. of Equalization, Vice Chair George Runner

  As your elected taxpayer advocate, I’m fighting to make sure all Californians are treated fairly and to promote tax policies that help grow our economy. I’m always open to hearing your ideas on how we can work together to solve the toughest problems facing our state. GEORGE RUNNER The Tax Code Could Use an […]

The GOP Is Already Laying The Groundwork To Cave On Tax Reform

The GOP Is Already Laying The Groundwork To Cave On Tax Reform

A summary of the Republican tax reform framework, released Wednesday by the White House, explicitly addresses the possibility of an increased individual tax rate for the highest earners, above the 35 percent that GOP leadership has promoted in recent weeks. A white paper summarizing the proposed legislation touts tax code simplification via the collapse of […]

Cutting taxes for the wealthy is what will help the middle class

Cutting taxes for the wealthy is what will help the middle class

WASHINGTON, September 17, 2017 – Now that President Trump has removed the pressure of passing a budget, raising the debt ceiling and dealing with illegal immigrants who came to the country as children, Congress can now concentrate on reforming the federal income tax code. Trump said his planned tax cuts are “not to benefit the […]

CA Controller Reports State’s Three Major Taxes Beating Expectations

CA Controller Reports State’s Three Major Taxes Beating Expectations

State Controller Betty T. Yee reported today the state brought in $8.90 billion in August, exceeding projections in the state budget by $343.7 million, or 4.0 percent. After July revenues exceeded expectations, the positive August numbers put total fiscal year-to-date revenues at $14.99 billion, $532.5 million higher than projections in the state budget enacted in […]

Supreme Court Ruling A Blow To Taxpayers

Supreme Court Ruling A Blow To Taxpayers

The California Supreme Court ruled today that taxes proposed by special interests using the local initiative process may not have to comply with taxpayer protections set forth in Proposition 13 and Proposition 218, the Right to Vote on Taxes Act, an HJTA sponsored statewide measure approved by California voters in 1996. In response to the […]