Latest Tax reform News

Record Idaho tax cut clears panel, heads to House for vote

Jan. 18, 2022 17:40 PM EST

BOISE, Idaho (AP) — A panel of lawmakers on Tuesday approved the state’s largest-ever tax relief package, voting to send the $600 million tax measure to the full House. “Every Idahoan benefits from this bill,” said Republican Rep. Mike Moyle. “I want to emphasize that.” ...

Editorial Roundup: Iowa

Jan. 18, 2022 14:54 PM EST

Des Moines Register. Jan. 15, 2022. Editorial: What is the Republicans’ vision for Iowa beyond lower taxes? In the Iowa that elected Republicans indicate they want to shape, you’ll likely pay less in income taxes to the state than you do now. And...

Kemp says $3B budget boost will bring 'a lot of good things'

Jan. 18, 2022 13:22 PM EST

ATLANTA (AP) — Gov. Brian Kemp is pitching his plan to lawmakers to spend almost $3 billion more in the coming budget year, telling them “we've got a lot of good things to talk about this year.” That list includes income tax rebates, pay raises for teachers, university...

Reynolds backs $2B tax cut with changes to income tax rates

Jan. 11, 2022 20:19 PM EST

DES MOINES, Iowa (AP) — Iowa Gov. Kim Reynolds proposed Tuesday night that Iowa cut taxes by nearly $2 billion by moving to a 4% flat income tax phased in over four years and repealing all state taxes on retirement income beginning next year. The plan would allow retirees 55 and...

Senate GOP leader: Press, teachers have 'sinister agenda'

Jan. 10, 2022 15:41 PM EST

DES MOINES, Iowa (AP) — Iowa's Senate president opened the legislative session Monday with an attack on the media and claims of a “sinister agenda” to normalize deviant behavior against children. The Legislature is expected to focus on plans for tax cuts and reforms to...

Governor pushes tax cuts, school reforms, work priorities

Jan. 04, 2022 17:16 PM EST

DES MOINES, Iowa (AP) — Gov. Kim Reynolds said Tuesday that Iowans can expect another round of tax cuts, proposed legislation to prod unemployed Iowans to find jobs and proposals to address a shortage of teachers and child care workers. The Republican governor and legislative...

Republicans eye repealing, replacing huge Arizona tax cuts

Jan. 01, 2022 14:04 PM EST

PHOENIX (AP) — Arizona Republican lawmakers who pushed through a nearly $2 billion income tax cut in the last session are looking to repeal it and replace it with a new version, a move that would end a voter referendum that has stopped the tax cut law from taking effect. The...

Editorial Roundup: Wisconsin

Dec. 29, 2021 07:11 AM EST

Eau Claire Leader-Telegram. December 28, 2021. Editorial: Responding to the wave There’s a lot still being learned about the omicron variant of COVID, but it’s clear it is playing a significant role in the current rise in cases. Revised estimates...

Judge: Arizona voters have right to decide tax cut repeal

Dec. 22, 2021 21:50 PM EST

PHOENIX (AP) — A judge has ruled Arizona voters have a constitutional right to decide a referendum in November 2022 that seeks to repeal tax cuts that were approved by the Legislature and signed into law by Republican Gov. Doug Ducey. Maricopa County Superior Court Judge Katherine...

California pot companies warn of impending industry collapse

Dec. 17, 2021 15:29 PM EST

LOS ANGELES (AP) — Leading California cannabis companies warned Gov. Gavin Newsom on Friday that the state’s legal industry was on the verge of collapse and needed immediate tax cuts and a rapid expansion of retail outlets to steady the shaky marketplace. The letter signed by...