A Georgia bill that ties property assessments to the rate of inflation is facing pushback from local government entities opting out of the measure. Approved by 63% of voters in November 2024, the bill aims to cap property tax increases, but some officials argue the restrictions could hinder their ability to fund essential services.
Texas state Rep. Bryan Slaton, a Republican, has put forward a proposal to provide a property tax credit to married, opposite-sex couples, with up to a 100% credit for couples with enough kids.
President Joe Biden is planning to call on Congress on Wednesday to pass legislation that will establish a federal gas tax holiday for three months as part of the administration's effort to lower prices at the pump.
The big retirement bill that the House passed this week, known as Secure 2.0, has several provisions that would mean more taxpayers can get Roth money into their nest eggs—and in some cases mandates Roth contributions.
Latest income data published by the IRS proves all income brackets benefited substantially from the Republican tax reform law, especially working and middle-income filers.
