Tag: ‘California’

Cap and Trade Plans, Tax Deadlines, and Rate Drops

By :: January 5th, 2015

Washington Governor Jay Inslee proposes a statewide cap and trade program. The Democrat released details of his carbon pollution market program that would give the state’s Department of Ecology authority to set annual goals aimed at reducing emissions to half of 1990 levels. Inslee would extend the state’s sales tax exemption for alternative fuel vehicles, […]

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Congress Ties Up Loose Ends, Loosely

By :: December 8th, 2014

The Senate may soon send that retroactive tax-break bill to the President. The House passed it last week, and the Senate is expected to take up the measure this week. The House version  would  revive 50+ expired tax breaks only through the end of 2014. Tax Analysts reports that Dave Reichert, the incoming chair of […]

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Tax Policy, Tax Outcomes: That’s Entertainment!

By :: September 22nd, 2014

Congress is in recess through the mid-term elections. Read the Daily Deduction each Monday until then.  “California, here I come!” It’s official: Democratic Governor Jerry Brown signed into law a $330 million annual incentive program for film and television production. Feature films with budgets of $75 million or more and network pilots are also eligible […]

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Andrew Cuomo’s Lesson in What Not to do With Rising Tax Revenues

By :: June 19th, 2013

After years of grim revenue news, state tax collections are surging. As they do, governors and state legislators are making decisions about how to manage the unfamiliar windfall. Some governors, including California’s Jerry Brown, are husbanding resources, trying to hold down spending and paying down one-time debts. Others, such as New York’s Andrew Cuomo, are […]

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DOMA’s Tax Hassles for Same-Sex Couples

By :: March 26th, 2013

The annual income tax season is no fun for any of us but it can be a lot worse for same-sex couples in California, Nevada, and Washington. Those three states follow community property law and recognize either same-sex marriages or domestic partnerships. The combination makes tax filing an even bigger hassle than the rest of us […]

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Automatic Retirement Saving Inches Forward

By :: March 22nd, 2013

Automatic enrollment is slowly gaining steam as the choice strategy to encourage retirement saving.  A bold plan in California would eventually make the practice widespread and could revolutionize the state’s saving landscape. Last September, the California legislature approved a framework for automatically enrolling private-sector workers in a retirement savings plan.  Employers with more than five […]

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TaxVox’s 2012 Lump of Coal Awards

By :: December 24th, 2012

TaxVox proudly presents its 2012 Lump of Coal awards, Thelma and Louise edition, for the worst fiscal policy ideas of the year. The winners are: 10. California. The Golden State probably deserves a lifetime achievement Lump of Coal Award for its inability to balance its budgets, its government-by-initiative, and its endless bouts of fiscal wishful […]

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California’s Initiative Turns 100

By :: October 10th, 2011

This year marks the 100th Anniversary of California’s initiative process . In 1911, California famously adopted the direct initiative process and ballot box decision-making has become almost as synonymous with the Golden State as beaches, hi-tech innovation, and Hollywood.  While 75% of voters in California still see direct initiatives as a good thing, a similar […]

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