Illinois continues to struggle with its budget. The state’s most recent stopgap budget expired on December 31, 2016. To perhaps break up the political logjam, Illinois senators of both political parties have begun...
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- Lunch Links: Mnuchin as Treasury Secretary Favors Tax Ref...
Lunch Links: Mnuchin as Treasury Secretary Favors Tax Reform; Trump-Pence Negotiate to Keep Carrier Jobs in Indiana; States Planning Projects for Infrastructure Funding in New Administration
Today is November 30, Mark Twain’s birthday. He once said, “The only difference between a tax man and a taxidermist is the taxidermist leaves the skin.”
Here are some interesting links I came across:
Trump Picks Mnuchin for Treasury Secretary: The banker and film producer was Trump’s campaign finance chairman. He told CNBC tax reform will be a top administration priority, including reducing the corporate rate to 15 percent and boosting economic growth to between 3 and 4 percent. (CNBC)
Trump and Pence Negotiate Deal with Carrier: The details are still under wraps, but the Indiana manufacturer will not move about 1,000 of the 2,000 jobs it announced were going to Mexico. State incentives are said to be part of the agreement. (Carrier)
Rare Opportunity for Tax Reform: Rep. Vern Buchanan (R-FL) writes that pass-through businesses should pay the same tax rate as corporations, as part of a tax overhaul. (The Hill)
Levin Steps Down: Rep. Sander Levin (D-MI) will not be the ranking Democratic member on House Ways and Means. (Twitter)
Trade Deficit Debate: Economist Donald Boudreaux responds to former Biden economist Jared Bernstein on the trade deficit. (Café Hayek)
State Officials Excited About Infrastructure Funding Plans: Trump has talked about $1 trillion for infrastructure, and states are coming up with their wish-lists. (Stateline)
Tax Foundation in Idaho: My colleague Jared Walczak talked possible tax changes with Idaho officials. (Spokesman-Review)
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