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: Tons of Trump Tax Talk; No 'Income Tax&...
Lunch Links: Tons of Trump Tax Talk; No 'Income Tax' on Income Tax Ballot; Taxing Questions for Nevada Stadium Proposal; Tax Foundation Speakers Fan Out
Today is September 19, the date in 1778 when the Finance Committee of the Continental Congress presented the first proposed national budget for the United States government. The report of the committee, chaired by Gouverneur Morris, was mostly shelved at the time but its resolutions were eventually adopted later in 1778 and in 1779 as the new country’s finances deteriorated.
Here are some interesting links I came across:
Judge Deletes the Words “Income Tax” From Olympia Income Tax Ballot Initiative: Thurston County Superior Court Judge Anne Hirsch okayed income tax proponents’ motion to strike the phrase “income tax” from a ballot initiative that would impose a 1.5 percent city income tax. They argued that by talking about the tax instead of what it would fund, it prejudiced voters against the initiative. (Seattle Times)
The Great Sales Tax Grab: James Freeman of The Wall Street Journal suggests that states hold off imposing new attempts to tax Internet sales until Congress sorts out a national solution. (The Wall Street Journal)
Questions to Ask on the Nevada Stadium Tax Proposal: Nevada commentator Jon Ralston hopes state legislators will take a solemn pause before they rush to approve $750 million in new taxes to subsidize a Las Vegas football stadium for the Raiders. (Reno Gazette-Journal)
D.C. Paid Leave Tax Bill Still Progressing: A new proposal is expected next month but council members say a new 1 percent payroll tax can fund no more than eight weeks of paid leave benefits. (The Washington Post)
Norway Tax Browsing Law: In Norway, you can inspect anyone’s tax return. But the person inspected can get a list of everyone who looked at their return. (Quartz)
Denmark Edges Closer to Snap Election over Tax Cut Feud: The country’s coalition government may splinter after one of its parties demanded a 5 percentage-point income tax cut but another rejected it. (Reuters)
Tax Foundation Speaking This Week: My colleagues are all over the country this week. Nicole Kaeding is speaking today at the National Women’s Business Conference in Columbus, Ohio. Steve Entin is keynoting the BNA/Mayer Brown Energy Tax Conference in Houston on Tuesday (substituting for Scott Hodge, who had to stay in D.C. at the last minute). Jared Walczak is testifying Tuesday to the West Virginia Joint Select Committee on Tax Reform.
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