Tag: ‘Michigan’

While Washington’s Efforts to Fund Roads Go Nowhere, Red States Are Raising Gas Taxes

By :: June 11th, 2015

In about six weeks, federal money to keep the Highway Trust Fund going will once again dry up and Congress will begin its predictable scramble to keep cash flowing to roads, bridges, and transit projects. The reason for the gridlock: Neither Congress nor President Obama is willing to back a gas tax sufficient to fund the program, and […]

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Still On a Road to Nowhere

By :: May 13th, 2015

A short road too often traveled. Federal highway funding is due to expire in about two weeks, and Transportation Secretary Anthony Foxx says a temporary extension—the 33rd in six years—would “prolong a dangerous status quo of funding infrastructure at a level that has left our transportation system gasping for air.” But Congress is almost certain […]

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Tax Relief for the Few, Tax Increases for All… or None

By :: May 7th, 2015

Everything is bigger in Texas, except tax relief for its low-income residents. Tax cuts are a sure bet in the Lone Star state this year, but it’s hard to provide tax relief to everybody without a state income tax. TPC’s Richard Auxier explains that Texas’ reliance on sales and property taxes makes its taxation especially […]

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A Little March Madness on the Hill

By :: March 27th, 2015

The “doc fix” passes the House. The House overwhelmingly approved the Medicare “doc fix” to replace automatic payment cuts (that Congress has delayed every year since 2003) with a temporary 0.5 percent annual hike in physician reimbursements. But the bipartisan deal, which CBO figures would add $141 billion to the deficit over 10 years, is […]

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Tax Subsidies, Cuts, and Consequences

By :: February 23rd, 2015

There are tax information troubles for ACA enrollees. When it comes to the Affordable Care Act and filing taxes, “sorting through all the necessary paperwork is hard to do, even for those of us whose day jobs are in tax policy,” writes TPC’s Ellen Steele, a tax-preparing volunteer with Community Tax Aid. Making things more […]

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No Hitting the Brakes for Tax Breaks…

By :: February 13th, 2015

Some House GOPers want to help millionaires save for college. Yesterday the House Ways and Means Committee approved a bill to expand the Sec. 529 college savings plan and rejected a Democratic amendment to limit the plans for people earning more than $3 million a year. Bloomberg reports that the amendment would have affected about […]

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A Replacement, A Vision, and Promises

By :: February 6th, 2015

An Obamacare replacement?  Senate Finance Committee chair Orrin Hatch, House Energy and Commerce chair Fred Upton, and GOP Senator Richard Burr have released their health reform plan, called the Patient CARE Act. The proposal, similar to a bill Hatch and Burr introduced last year, would repeal the Affordable Care Act and provide income-adjusted tax credits […]

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Congress May Just “Let It Go” … Until Next Year

By :: December 5th, 2014

Congress might really be home for the holidays. Finance Committee Chairman Ron Wyden told reporters today that the Senate won’t amend the House-approved bill to revive over 50 expired tax breaks for 2014 only. An up-or-down Senate vote could be held within days. Lawmakers must still sort out what they’ll do about a spending bill—funding […]

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Clicks, Pumps, Dreams and Time… How Many May See Their Taxes Rise?

By :: November 12th, 2014

Cyber Monday will live to hear another click. Speaker of the House John Boehner has at least temporarily killed the Marketplace Fairness Act. The bill, which would allow states to require out-of-state websites to collect Internet sales tax, passed the Senate last year with bipartisan support. Tax Analysts reports that House Judiciary Committee Chair Bob […]

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Income Inequality and Time for State Action

By :: September 16th, 2014

Income inequality may shrink state tax revenues. A new report from Standard & Poor’s tells the tale. Incomes have grown rapidly among the wealthy, but have barely kept pace with inflation for many others. But high income earners both shelter their income from taxes and save more, reducing  state income and sales tax revenues. As […]

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