Speaker Ryan says he’d work with the President on tax issues. He told 60 Minutes that deals on highway spending, funding the federal government, and reforming the tax code “will produce certainty in this economy in the next few months. Let's go do that,” instead of arguing over immigration. Meanwhile, GOP presidential candidate Mike Huckabee said Ryan should resign if the Speaker won’t demand that the US stop accepting Syrian refugees. Nobody said being Speaker would be easy.
There’ll be no long-term highway bill this week. The House voted on another short-term patch for highway funding yesterday, this time extending transportation authority until December 4. A longer-term highway bill will still go to conference tomorrow, but Congress will now have two weeks instead of two days to resolve differences between the House and Senate.
Cleveland owes jock tax refunds. The city will start repaying taxes to some visiting team’s pro athletes after the Ohio Supreme Court upheld a ruling that said Cleveland’s “jock tax” violates players’ due process rights. Two former NFL players successfully sued to get Cleveland to change the way it taxes visiting players. NFL players could receive $2.4 million in refunds.
New York State will soon mail about two million property tax refunds. Last year, Governor Andrew Cuomo froze property taxes for three years to provide $1 billion in tax relief. The checks could range from an average of $200 in upstate New York to $800 in Westchester County. The state must confirm every taxing entity’s data, so it could take months for all the checks to distributed. The first ones, however, may go out as soon as next week.
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