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The morning read for Thursday, March 31

WHAT WE’RE READING By James Romoser on Mar 31, 2022 at 9:04 am Each weekday, we select a short list of news articles, commentary, and other noteworthy links related to the Supreme Court. To suggest a piece for us to consider, email us at roundup@scotusblog.com. Here’s the Thursday morning read: Posted in Round-up Recommended Citation: James […]

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Biden Budget Would Raise Income Tax Rates to Highest in Developed World

President Biden’s budget came out this week with a very sensible message about the need for stronger economic growth and sound fiscal policy: “Critically, my Budget would also keep our Nation on a sound fiscal course. It fights inflation and helps families deal with rising costs by growing our economy, making more goods in America, […]

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Announcement of opinions for Thursday, March 31

Live By Angie Gou on Mar 31, 2022 at 12:00 am On Thursday, March 31, we will be live blogging as the court releases one or more opinions from the current term. Click here for a list of FAQs about opinion announcements. Posted in Featured, Live Recommended Citation: Angie Gou, Announcement of opinions for Thursday, March […]

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Sustainable Tax Reform a Win for Mississippians

Mississippi lawmakers entered the 2022 legislative session with the motivation and resources to implement income tax reductions and, despite stark contrasts in approach, concluded by delivering meaningful relief for taxpayers. The Mississippi Tax Freedom Act of 2022 (HB 531) began the session as an effort to totally repeal the individual income tax, a proposal we […]

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Proposed Minimum Tax on Billionaire Capital Gains Takes Tax Code in Wrong Direction

This week, President Biden introduced a new tax proposal as part of the White House fiscal year 2023 budget to raise taxes on households with net wealth over $100 million. The proposal would require wealthy households to remit taxes on unrealized capital gains from assets such as stocks, bonds, or privately held companies. Biden’s proposal […]

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Will Colorado Spend Millions on Flavored Tobacco and Nicotine Prohibition?

A bill that would prohibit the sale of flavored tobacco and nicotine products, HB22-1064, is moving through the Colorado legislature, which undoubtedly would have a significant impact on the revenue from taxes levied on those products. Flavored tobacco and nicotine products make up a significant portion of the market: over 20 percent of cigarettes and […]

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Biden’s Trade Agenda Should End the Trade War and Promote Free Trade

After the failed approach of the Trump administration’s tariffs and trade war along with the current need to reduce inflation and increase productive capacity, we hoped the administration would reevaluate the tariffs. But under the Biden administration’s new trade policy agenda, most U.S. businesses will continue facing tariffs on billions of dollars’ worth of imported […]

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Are Tax Rebates a Good Way to Provide Relief from Rising Prices?

States are flush with cash, but taxpayers’ purchasing power is being eroded by high inflation. It’s unsurprising that many policymakers have jumped at the chance to apply surpluses to meet the genuine needs of many residents—but good intentions do not always make for good policy.  Tax rebates, gas tax holidays, and other temporary tax expedients […]

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Justices to consider California’s private-attorney-general exception to arbitration clause

CASE PREVIEW By Ronald Mann on Mar 29, 2022 at 11:42 am On Wednesday the justices will consider whether a Viking River Cruises employee may sue the company on behalf of all of its employees. (Travel Faery via Shutterstock) The last few decades have witnessed the working out in several cases of a sustained disagreement […]

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Facts & Figures 2022: How Does Your State Compare?

How do taxes in your state compare regionally and nationally? Facts and Figures, a resource we’ve provided to U.S. taxpayers and legislators since 1941, serves as a one-stop state tax data resource that compares all 50 states on over 40 measures of tax rates, collections, burdens, and more. For visualizations and further analysis of 2022 state tax data, explore […]