A year after moving to our new home in Michigan, we faced a big property tax hike. We swallowed hard, but paid it. After all, we had little choice, and it did reflect an increase in the value of our house. Then there is the story about homeowners in Chicago.
The “doc fix” passes the House. The House overwhelmingly approved the Medicare “ doc fix ” to replace automatic payment cuts (that Congress has delayed every year since 2003) with a temporary 0.5 percent annual hike in physician reimbursements. But the bipartisan deal, which CBO figures would add $
Chicago Mayor Rahm Emanuel: Without school pension money from the state, property taxes will jump. Facing a tough runoff in his race for reelection, Emanuel is looking for fiscal help from the state, including from its GOP governor. He wants the state to help fund pensions for Chicago’s teachers as
Dave Camp on tax reform: “It can be done.” Retiring House Ways & Means Chair Dave Camp remains optimistic . The Hill reports that a deal to extend expiring tax breaks could give Camp’s successor, Paul Ryan, a chance to secure broad GOP support for a tax reform plan. About that tax extender deal
Taxes are going up in the Windy City… again. The Chicago city council is about to approve a $62.4 million tax hike on everything from parking and auto leases to cable TV and tickets to live sports and entertainment. Yesterday, the City Council’s finance committee approved a host of targeted