Here s How the $10,200 Unemployment Tax Break Works nbcconnecticut.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcconnecticut.com Daily Mail and Mail on Sunday newspapers.
Does The New Federal Stimulus Law Rule Out State Tax Cuts? Patch 3/15/2021
By Laura Olson, Michigan Advance, March 14, 2021
WASHINGTON President Joe Biden’s massive pandemic stimulus law pumps a welcome infusion of federal aid into state and local government coffers but one brief section is raising questions about whether states are barred from cutting their own taxes if they accept the federal help.
The Senate added language to the COVID-19 relief package prohibiting states and local governments from using the $350 billion in direct federal assistance “to either directly or indirectly offset a reduction in the net tax revenue” or delay the imposition of any tax or tax increase.
WASHINGTON President Joe Biden’s massive pandemic stimulus law pumps a welcome infusion of federal aid into state and local government coffers but one brief section is raising questions about whether states are barred from cutting their own taxes if they accept the federal help. The Senate added language to the COVID-19 relief package…
Cutting taxes? It s a no for us politico.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from politico.com Daily Mail and Mail on Sunday newspapers.
Sen. Bernie Sanders, chairman of the Senate Budget Committee, called out Republican members of Congress on Thursday for demanding a permanent repeal of the estate tax a move that would overwhelmingly benefit the wealthiest Americans while simultaneously rejecting the new coronavirus relief package as partisan and wasteful. While Senate Republicans told us we cannot afford to provide $1,400 direct payments to the working class, the Vermont senator said, they had no problem introducing a bill this week to repeal the estate tax which would provide a $1.7 trillion tax break to the billionaire class. Total hypocrisy! Republicans are obsessive about delivering massive tax cuts to their super wealthy friends.