Gov. Calvo calls for a 50% increase in gross receipts tax

Governor Calvo will be calling for a 50-percent increase in the gross receipts tax to cover the projected 48-million dollar revenue shortfall from the Trump tax cuts. Lester Carlson of the Governor's fiscal team says he will present the proposed increase when the Special Economic Session convenes again next week.

GOP legislators looking for a winning formula in 2018

Congressional Republicans have gathered at a West Virginia resort in search of a winning election-year agenda. The best they have to offer in 2018 may be a recitation of the tax cuts approved in 2017 - and the threat of another government shutdown is looming.

GOP legislators gather in search of winning 2018 agenda

Congressional Republicans in sweater vests and fleece gathered at a West Virginia resort Thursday in search of a winning election-year agenda, facing the notion that the best they have to offer in 2018 may be a recitation of the tax cuts approved in 2017 and with the threat looming of another government shutdown. President Donald Trump speaks at the 2018 House and Senate Republican Member Conference at The Greenbrier, in White Sulphur Springs, W.Va., Thursday, Feb. 1, 2018.

Mac… student protesters

'Having compassion for Mark in no way minimizes his crimes': Glee co-stars of pedophile Salling, 35, who hanged himself near LA baseball field retweet tribute to troubled actor after shock suicide 'Never been a better time to start living the American dream': President will use State of the Union to boast partisan tax-cut victory and push for immigration reforms that Democrats resent Don't walk out of Trump's State of the Union, keep the attention on 'his slobbering self' Nancy Pelosi tells Democrats President Trump spent MONTHS on the 'optimistic' State of the Union address he'll deliver tonight: 'It reminds everybody what this country should be about' Mystery man was identified as SECOND person of interest in days after Vegas shooting, newly unsealed search warrant records reveal Melania's $70,000 pamper session: Furious First Lady went to Mar-a-Lago's spa at vast cost to taxpayers ... (more)

Cuomo: Change way NY collects taxes to counter GOP tax law

Gov. Andrew Cuomo says a major change he is proposing in the way the state collects income taxes would negate some of the harm that the GOP tax law will do to New Yorkers with more than $10,000 in state and local taxes to deduct. Cuomo proposed as part of his 2018 state budget Tuesday to essentially do away with the state income tax on the wages earned by New Yorkers and replace it with an equivalent tax on employers.

Walters: Brown sees ramifications for killing the golden geese

To intertwine cliches, Gov. Jerry Brown let the cat out of the bag last week and acknowledged that he's concerned about killing the golden geese. Those geese are the few thousand Californians with the highest incomes whose taxes allow Brown and other California politicians to spend tens of billions of dollars a year and the new federal tax overhaul encourages them to take their money elsewhere.

Taxpayers could owe in 2019

Gary Cohn, director of the U.S. National Economic Council speaks as Treasury Secretary Steven Mnuchin during a meeting with members of the Senate Finance Committee at the U.S. Capitol in Washington, on Nov. 9, 2017. MUST CREDIT: Bloomberg photo by Andrew Harrer.
Posted in Tax