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What to know about Gov. Stitt's budget plans: Tax cuts, funding cuts for state agencies
Republican Gov. Kevin Stitt's budget would cut millions from many state agencies and spend close to $250 million for new tax cuts.
Va. lawmakers float broad tax cuts instead of Youngkin’s targeted plan
Bipartisan committees in the Virginia House and Senate proposed ditching the governor’s plan to eliminate taxes on tips and cars in favor of broader cuts.
Virginia Democrats keep car tax in counter to Youngkin’s proposed cuts
Virginia Democrats offered up their own proposal for tax cuts to residents in the commonwealth after Gov. Glenn Youngkin (R-VA) proposed relief that included phasing out the car tax. The Democratic proposals from both the state Senate and House of Delegates claim to provide $977.
Virginia Democrats propose $1 billion in tax rebates in lieu of Youngkin’s car tax plan
The Virginia House and Senate introduced budget plans that forego Gov. Youngkin’s proposed car tax credit and elimination of the state tax on tips. Instead they would allocate the $1.1 billion car
Virginia Democrats dump Youngkin's proposed tax cuts in favor of onetime rebates
Youngkin’s proposed amendments would give permanent cuts to lower- and middle-income residents during tax season.
4h
on MSN
Republicans stare down massive deficits to extend Trump tax cuts
Caught between the debt and their tax base, Republicans are considering some novel ways to account for the cost of their ...
19m
Family Tax Deductions and Credits on GOP Chopping Block This Year
Several tax breaks, including the Child Tax Credit, may face reforms or be cut entirely as lawmakers seek revenue for Trump’s ...
Center on Budget and Policy Priorities
1d
2025 Budget Stakes: High-Income Tax Cuts, Price-Hiking Tariffs Would Harm Families
High-income households and profitable corporations would grow even wealthier under Republican proposals for trillions of ...
3h
on MSN
Bank of England to resume rate cuts with outlook complicated by tax hikes and Trump tariffs
Traders have ramped up their bets on the total number of BOE rate cuts in 2025 since January, as Europe diverges from the U.S ...
News 12 Networks
17h
$1,000 extra per year? CT Republicans pitch big tax cut, but can the state afford it?
Republicans in the state Senate proposed sweeping tax cuts on Monday. But with growing budget needs and uncertainty from the ...
13h
on MSN
Kentucky lawmakers send bill to cut the state's income tax to the governor. He supports it.
Final passage came on a 34-3 Senate vote to lower the tax to 3.5% from 4% at the start of 2026. The bill goes to Democratic ...
Cowboy State Daily
8h
Senate Passes 50% Property Tax Cut, Would Be Largest In Wyoming History
The Wyoming Senate passed a property tax bill Tuesday that at a 50% cut would be the largest in state history. Opponents say ...
4d
What Is the Tax Cuts and Jobs Act (TCJA)?
Tax Cuts and Jobs Act was a major tax code overhaul that cut taxes for individuals and businesses. Many of its reforms expire in 2025.
17h
on MSN
CT Senate GOP: Cut income tax, freeze state employee wages
In addition to a state employee wage freeze and income tax cut, CT Republicans want to cap municipal property tax increases ...
5h
on MSN
Strategist: More tax cuts could lead to a 'policy mismatch' and increase U.S. trade deficit
Kevin Gordon of Charles Schwab discusses the market impact of tariffs on earnings. He sees a policy mismatch from U.S.
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