Tax Increase

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.

Chicago residents are voicing their dissatisfaction as the city grapples with a billion-dollar budget deficit. During a city council meeting Monday, public comments reflected growing frustrations with Mayor Brandon Johnson’s policies, particularly his approach to sanctuary city initiatives and proposed tax increases.

In response to an anticipated $46.8 billion budget shortfall, California lawmakers approved a budget on Wednesday that reduces spending and temporarily raises taxes on...

Californians will be hit with a 50 cent per gallon gas tax, according to a report from Fox Business.

Germ farmers have blocked highways throughout the country in protest of the government's plan to cut agricultural subsidies.

California lawmakers voted Thursday to raise taxes on gun and ammunition to use the funds to pay for gun violence prevention programs and school safety improvements.

A U.S. district court judge in Texas found that a father's claims that school board members and police violated his rights after removing him and preventing him from returning to school board meetings are valid.

The collapse of Silicon Valley Bank (SVB) was the fault of US President Joe Biden’s administration, Donald Trump has claimed, warning it could lead to a new Great Depression in the United States.

Some individuals can expect a Medicare tax increase under the new budget proposal scheduled to be unveiled this week by the Biden administration.

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.