Recently released data from the Internal Revenue Service (IRS) reveals the extent of migration out of California, with a significant number of people moving out between 2020–2021 and taking their billions of dollars in income with them. Approximately 332,000 more taxpayers left the state than entered in the year following the onset of the pandemic, according to … Continued
Sometimes it feels hard to find comparable biblical language for present-day political problems. But Scripture speaks directly to one current US Supreme Court case—Tyler v. Hennepin County, for which oral arguments are scheduled to begin in late April. To put it bluntly: The state of Minnesota “devour[s] widows’ houses” (Luke 20:47). Its handling of property … Continued
Virginia recorded a budget surplus of nearly $2 billion at the close of the fiscal year, which Gov. Glenn Youngkin believes is a sign taxpayers are forced to give too much money to the government. “While I am pleased that our additional revenue can be reinvested in Virginia, the Commonwealth’s general fund revenue surplus confirms … Continued
Pennsylvania Republican lawmakers voiced optimism last week that the commonwealth’s onerous Corporate Net Income Tax (CNIT) might finally soon get reduced, given a recent overwhelming State House vote to do so. At 9.99 percent, the Keystone State’s CNIT is the second-highest in the country. A bill by Representative Joshua Kail (R-Monaca) would reduce the rate to 8.99 … Continued
Some Pennsylvania lawmakers are proposing that the commonwealth offset some of the inflationary burden on residents by pausing certain taxes. One bill State Senator Lisa Boscola (D-Bethlehem) is currently drafting would stop sales taxation in June and July 2022 at a time the senator says the state can afford to do so. In a memorandum seeking co-sponsors … Continued
In a Tuesday press release, the Internal Revenue Service (IRS) announced that victims of the deadly tornadoes that swept across parts of Tennessee and Illinois will have an extended deadline for filing their taxes this year. The announcement came days after the IRS first announced a tax-filing deadline for victims in Kentucky affected by the tornadoes. The … Continued
Donald Trump filed a lawsuit Tuesday against his niece Mary Trump and the New York Times stemming from explosive news articles about the former president’s taxes and finances. Trump is seeking no less than $100 million in damages, accusing Mary of breaking a non-disclosure agreement by leaking his personal tax documents to the Times. “The … Continued
A group of Tennesseans are suing Gov. Bill Lee and Tennessee for stopping federal unemployment benefits more than two months before the program expires. Already, people in Indiana and Maryland have sued and won, getting their federal help reinstated And cases are pending right now in Ohio, Oklahoma, Florida, and Texas. They’re 1,800 strong. The grassroots Facebook group Tennesseans … Continued
Top Republicans told President Joe Biden during an Oval Office meeting on May 12 that they won’t support tax increases in a major infrastructure package. Biden, a Democrat, has proposed reversing key portions of the 2017 tax bill which had been approved by the GOP and signed by then-President Donald Trump. “We’re not interested in reopening the 2017 tax … Continued
The Treasury Department said Monday that 39 million families are set to receive monthly child payments beginning on July 15. The payments are part of President Joe Biden’s $1.9 trillion coronavirus relief package, which expanded the child tax credit for one year and made it possible to pre-pay the benefits on a monthly basis. Nearly … Continued
Live from Music Row Thursday morning on The Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m. – host Leahy welcomed Tennessee State Representative (R) Mike Sparks of Smyrna to the studio to discuss the end of the legislative session and the passing of … Continued
Rising Republican star U.S. Rep. Josh Hawley, R-Mo., is sponsoring a new measure that would give unprecedented tax cuts to parents with children, and now he is saying his bill is on the front line of the nation’s “culture war.” The plan in question would give a fully refundable tax credit of $12,000 for married … Continued
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