Illinois House Republicans are calling out Democrat-led state leadership for failing to act on legislation aimed at reducing what is now considered the highest overall tax burden in the United States. Despite a package of GOP-sponsored tax relief bills introduced this session, none have gained traction in the General Assembly.
Dozens of major corporations have warned Washington State’s Democrat-led legislature and Governor Bob Ferguson that proposed tax increases threaten the state’s economic future. The letter—signed by executives from Amazon, Microsoft, Costco, Alaska Airlines, Nordstrom, Zillow, and even the Seattle Mariners—blasts the state's unprecedented spending and tax agenda.
Seattle’s payroll expense tax on large businesses generated $47 million less than projected last year, with Mayor Bruce Harrell suggesting major corporations are not contributing their fair share. The Office of Economic and Revenue Forecasts released its year-end revenue report on Tuesday, showing actual revenues of $360 million, falling short of the October projection of $406.8 million.
As Tax Day approaches, fiscally conservative leaders in multiple states are intensifying efforts to eliminate property taxes, with one Pennsylvania lawmaker arguing that homeowners should not have to "pay rent" to the government.
President Donald Trump is working to eliminate federal income taxes for individuals earning less than $150,000 per year, Commerce Secretary Howard Lutnick said Wednesday. Trump’s tax strategy also includes abolishing taxes on tips, overtime, and Social Security while implementing significant reductions in both individual and corporate tax rates.
A new study reveals that Illinois’ high gasoline taxes are not resulting in better roads and bridges. The Reason Foundation’s Annual Highway Report ranks Illinois 36th in overall highway performance, a drop of seven spots from the previous year.
Commerce Department Secretary Howard Lutnick confirmed on Fox News that President Donald Trump has a goal to abolish the Internal Revenue Service (IRS) and "let all the outsiders pay."
The Internal Revenue Service (IRS) announced on Thursday the termination of approximately 6,000 employees, representing about 6% of its workforce, during the peak of the tax-filing season.
Investigative journalist Michael Shellenberger has presented findings suggesting that the United States Agency for International Development (USAID) and the Central Intelligence Agency (CIA) played roles in the 2019 impeachment proceedings against President Donald Trump.
On Monday, President Donald Trump’s nominee for Commerce Secretary, Howard Lutnick, unveiled a proposal to reintroduce a tariff-focused system for funding the federal government, which he referred to as the “External Revenue Service.” Lutnick announced the initiative at a rally in Washington following Trump’s inauguration, calling it a cornerstone of the administration’s plan to restore American economic greatness.
