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Thursday, July 1, 2021 New research conducted by Progressive Think Tank Keystone Research Center, announced in May, revealed that naturalizing undocumented immigrants in Pennsylvania would substantially benefit the state’s budget. Pennsylvania is home to 900,000 individuals who have an immigrant background, accounting for 7% of Pennsylvania’s population. Among them, 160,000 are undocumented. Naturalizing Undocumented Immigrants Muhammed Maisum Murtaza of the Keystone Research Center conducted the study, called – “The economic contribution of Pennsylvania immigrants.” The survey revealed that Pennsylvania employs 94,000 undocumented immigrants. The Center, analyzing data from a survey conducted by the Institute for Tax and Economic Policy in 2017, found that undocumented immigrants account for nearly $135 million in state and local taxes. If these immigrants became U.S. citizens, the tax payments would have increased by $51 million for higher-paying ....
Statehouse News Bureau Sen. Matt Dolan (R-Chagrin Falls) speaks on The State of Ohio on April 26, 2020. He says he is in favor of the 2% income tax decrease that s included in the proposed state budget and would even like to increase it. The Ohio Senate is now considering the $74.7 billion two-year state budget, which includes a 2% income tax cut. And the Republican who’s leading the committee looking at the spending plan says he hopes that will change. Senate Finance Committee chair Matt Dolan (R-Chagrin Falls) said while he’s concerned about the $410 million in spending the House added to the budget, and also has questions about the $1.8 billion school funding formula overhaul, he likes the tax cut Republican representatives put in. ....
Racism in Our Tax Code Re-Cap Across the country, low-income people, who are disproportionately Black, Indigenous, and other people of color, are paying more in state and local taxes than the wealthy, and are subject to discriminatory enforcement of tax codes. Comrades, It’s tax season again which means that across the country, low-income people, who are disproportionately Black, Indigenous, and other people of color, are paying more in state and local taxes than the wealthy, and are subject to discriminatory enforcement of tax codes. Our movement, along with the Institute for Tax and Economic Policy, National Women’s Law Center, and the Action Center on Race and the Economy, held a discussion to address this injustice In Plain Sight: The Racism Hiding in our Tax Codes. ....
Read later Audio version Summary: The original Activist CEO or an avatar for his employees concerns? Salesforce CEO Marc Benioff reflects on the rise of Stakeholder Capitalism. I believe business is the greatest platform for change. I believe that CEOs really have an opportunity, using their businesses, to improve society. That could be directly, making a commentary to politicians, building great products or making sure that their companies are net zero - I think in all of those cases, businesses are improving the state of the world. So said Salesforce CEO Marc Benioff in conversation at this week’s World Economic Forum Global Technology Governance Summit, but it’s a sentiment that we’ve heard him express many, many times over the years - he even wrote a book about it! - and it’s a mindset that has won him the label of ‘Activist CEO’. That’s actually a term that he once told me he didn’t much care for, although it’s a mantle about which he ....
Policy Matters: Everything is bigger in Texas, including tax burdens By: Ahniwake Rose Guest Columnist March 3, 2021 Ahniwake Rose Texans like to brag that everything is bigger in Texas. And when it comes to financial issues, that’s certainly true: Property taxes, state sales tax, tax burdens on low-income residents, and corporate tax breaks. All are bigger in Texas. Yet, our state leaders regularly look south and want to emulate Texas’ two biggest tax benefits: no corporate income tax and no personal income tax. Oklahoma lawmakers this session are again talking about eliminating these revenue sources to attract new business and industry. ....