[ad_1] The Center has red-flagged “disturbing trends” in the finances of several states and cautioned them, citing the economic crisis in Sri Lanka and Pakistan. The alert was raised at a high-level meeting of the Center with all state chief secretaries in Dharamsala on June 16-17. Higher budget borrowings by several states, increased future revenue, […]
State and local tax decisions abound
[ad_1] There is no gas tax holiday in Oregon or Washington, but perhaps Pennsylvania has one. Oregon Governor Kate Brown and Washington’s Jay Inslee Local and state fuel taxes will not be withheld, However, the Senate Democrats of Pennsylvania did Call for three months gas tax holiday, President Biden asked states to suspend their fuel […]
Better ways to use synthetic controls to model state and local tax policy
[ad_1] The synthetic control method (SCM) is a relatively new and valuable tool that makes it possible to measure state or local policy against a theoretical baseline, when an actual basis for comparison does not exist. Because technology is constantly evolving, we wrote “An update on the synthetic control method as a tool for understanding […]
State Tax Cut Year: The Sequel
[ad_1] Just as movie theaters are full of sequels (Top Gun, Jurassic Park and Thor), the state capital is also reeling from last year’s big hit: tax cuts. So far this year, 27 states and the District of Columbia have taken significant tax cuts. last year’s total was 29 states and the District of Columbia, […]
More global minimum tax drama, more state tax cuts
[ad_1] Why Hungary is stalling the global minimum corporate tax deal. The nation told the European Union off today’s agenda Proposed 15% global minimum corporate tax. Reason: “Europe is in deep trouble without a global minimum tax. We are not supporting an increase in taxes for Hungarian companies and we are not willing to put […]
LK Advani’s ‘gift’ reached the exhibition hall of the State Department
[ad_1] Washington: Anu elephant statuemade of artificial pearls and semi precious stonesWhich was gifted by the then Indian Home Minister Lal Krishna Advani to the US Secretary of State Colin Powell In 2002, the State Department made its way to the exhibition hall. “This gift to Secretary Colin Powell has been received from Indian Home […]
Federal Budget Outlook, Booming Revenue, and Another Attempt at a State Tax Cut
[ad_1] CBO: The deficit will fall sharply this year, then rise again by 2024. Thanks to a booming economy, big increases in tax revenue, and end-of-pandemic relief, the federal budget deficit will shrink from $2.8 trillion to nearly $1 trillion in 2021, According to the Congressional Budget Office’s Annual Budget and Economic Outlook out tomorrow. […]