For the first time in its history, Spokane Valley will put a sales tax increase to a public vote this August. The city council voted 5-1 to approve the ballot measure, which proposes a one-tenth of 1% sales tax hike to fund the hiring of additional police officers.
Scott Bessent, nominee for Treasury Secretary under the incoming Trump administration, is set to outline a bold economic agenda during his Senate confirmation hearing Thursday. According to prepared remarks, Bessent will emphasize the need to permanently extend the 2017 Tax Cuts and Jobs Act while advancing new policies to reduce the tax burden on manufacturers, service workers, and seniors.
Senate Democrats in Washington are advocating for new taxes to address a looming $16 billion budget shortfall, as revealed in a leaked email sent by Sen. Noel Frame (D-Seattle). The email, sent shortly after Governor Jay Inslee’s announcement of the shortfall, outlines additional taxes beyond those proposed by Inslee, which include a new wealth tax, a temporary 20% business surcharge, and an increase in business and occupation (B&O) tax rates.
Mayor Brandon Johnson’s revised 2025 Chicago budget proposal, the fourth draft, has eliminated plans for a property tax increase and unpaid furlough days for city employees, following resistance from the Chicago City Council.
Former President Donald Trump told a crowd in Salem, Virginia, Saturday night that if Kamala Harris is elected President, the United States will witness a "1929-style economic depression."
When the Democrats finally passed the "Inflation Reduction Act" in 2022 (how's that going?), they included several tax hikes set to take effect on Jan. 1, 2023.
President Joe Biden promised on Thursday that the so-called “Inflation Reduction Act” wouldn’t raise taxes on Americans making less than $400,000 a year. But, in fact, the bill would increase taxes collected from the American people by more than half a trillion dollars, affecting both rich and poor alike.
Conservatives on Twitter were not buying President Joe Biden’s recent speech assessing the pandemic and Russian President Vladimir Putin’s invasion of Ukraine as the two main issues behind the United States’ economic woes.
