Connecticut

TaxVox’s Lump Of Coal Award For The Ten Worst Tax Policy Ideas of 2019

TaxVox’s Lump Of Coal Award For The Ten Worst Tax Policy Ideas of 2019 It is that time again. TaxVox somehow has whittled down its...

December 23, 2019Howard Gleckman

State and Local Issues: TaxVox

The SALT Wars Move To Court

Four blue states filed a lawsuit yesterda y, claiming that the Tax Cuts and Jobs Act’s limitation on the state and local tax (SALT) deduction...

July 17, 2018Howard Gleckman

: TaxVox

IRS Warns States to Slow Down on Charitable SALT Workarounds

Yesterday, the IRS issued a notice warning states that are contemplating one workaround to the Tax Cut and Jobs Act’s (TCJA) $10,000 annual limit on...

May 24, 2018Steven M. Rosenthal

State and Local Issues: TaxVox

Fixing Connecticut’s Budget Woes? Tread Carefully When Implementing New Fiscal Controls

Late last October, Governor Dan Malloy approved a two-year $40.2 billion budget for Connecticut more than 100 days after the fiscal year began. A strongly...

March 9, 2018Kim S. Rueben

State and Local Issues: TaxVox

Could States Fix The SALT Deduction Cap By Taxing Pass-Throughs and Giving Their Owners A Credit?

As states continue to search for ways to protect their residents from the Tax Cuts and Jobs Act’s (TCJA) limits on the federal deductibility of...

February 27, 2018Howard Gleckman

: TaxVox

One more step for equality, and two views on state EITCs

Congress is in recess. The Daily Deduction will return to its regular schedule on Monday, July 6. Wyden promises tax changes in the wake of the Supreme Court’s decision on same-sex marriage. Following the Obergefell v. Hodges decision, senior Senate Finance Committee Democrat Ron Wyden said Friday

June 29, 2015Renu Zaretsky

: TaxVox

Plans, Priorities and Promises

The GOP calls for Affordable Care Act repeal in its budget resolution. The 10-year plan would cut planned spending by more than $5 trillion, retain the $1.017 trillion sequestration budget ceiling for 2016, and increase off-budget military spending. It would also use budget reconciliation to try to

April 30, 2015Renu Zaretsky

: TaxVox

All's Fair in Love and Taxes... Or Not.

Et tu, Utah ? GOP leaders want to increase the state’s gasoline tax . The state faces an $11 billion budget gap for transportation projects slated through 2040. Its House GOP caucus has endorsed an increase of as much as 10 cents a gallon in the state’s gasoline tax. They’re even willing to tie the

January 8, 2015Renu Zaretsky

: TaxVox

New Chairs, New Resistance, and Maybe, New Taxes

As expected: Paul Ryan will succeed Dave Camp as House Ways & Means Chair. Representative Kevin Brady removed himself from consideration earlier this week, though he had more committee seniority. The full House GOP conference approved its Steering Committee’s chairmanship recommendations,

November 20, 2014Renu Zaretsky