Tune in this afternoon for TPC Prescription: Talking Unemployment Benefits Reform with Michelle Evermore. The deputy director of policy at the U.S. Department of Labor Office for Unemployment Insurance Modernization will speak with TPC’s Howard Glickman about efforts to streamline and improve unemployment insurance systems. Register and Tune Here,

Yellen lowers expectations, Treasury Secretary Janet Yellen warnsGlobally, the economic outlook is challenging and uncertain. And high food and energy prices are having stagflation effects, namely disappointing production and spending and rising inflation around the world. Ahead of meeting with the Group of Seven Finance Ministers in Bonn He put much of the blame on Russia’s invasion of Ukraine in a press conference.

Michigan Gov. Gretchen Whitmer wants to repeal the “retirement tax.” In 2011, state lawmakers imposed a tax on retirement income for those born after 1946. Now, Whitmer wants tax repeal, The move would save 500,000 families an average of $1,000 annually. She would exempt public pension benefits from tax and reinstate deductions for private sector pension payments, withdrawals from individual retirement accounts (IRAs), and part of their 401(k) withdrawals.

A Democratic lawmaker in Indiana promotes a gas tax holiday. A state lawmaker gave a $15 gift card to suspend Indiana’s 56-per-gallon gasoline tax. He says it represents the high end that a driver can save per fill-up. government. Eric Holcomb says his office Can only suspend taxes If any existing or anticipated energy shortages endanger life, health and property. Otherwise, it is up to the legislature.

Romania is considering tax reform. In a surprise move, Prime Minister Nikolay Ciuka announced a proposal to replace current flat income tax rate With progressive structure. A 16 percent flat tax has been implemented since 2005. But Romania collected far less in tax revenue as a share of gross domestic product (GDP) than the rest of the European Union. Romania’s fiscal deficit poses a risk to its economic stability, Ciuca said, adding that “changes to the fiscal code are clearly necessary.”

A common reporting standard for cryptocurrencies. Organization for Economic and Cooperative Development (OECD) seeks public input Feather Amendments to the Crypto-Asset Reporting Framework and the Common Reporting Standard, In the virtual meeting to be held on May 23, the questions identified in it will be focused. counseling document and any issues raised in written submissions, Learn more and register here,

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