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Contributor: How the waste in healthcare drives the U.S. debt
About half of U.S. healthcare spending yields no added health benefit. Taxpayers foot much of that bill.
House passes tax package to end $555 million in business tax breaks | The Sum and Substance
Four bills roll back state tax breaks or decouple from federal tax incentives in order to raise revenue for a new Family Affordability Credit.
Newly released documents reveal more than $300,000 in taxpayer-funded sexual harassment settlements involving lawmakers
Taxpayers have paid more than $300,000 in confidential sexual harassment settlements on behalf of six former members of the House of Representatives or their offices, according to GOP Rep. Nancy Mace and documents reviewed by CNN.
WA Supreme Court tosses one referendum attempt to upend new income tax
This won’t be the state high court’s last word on the income tax, as it will need to weigh in on its constitutionality before collections can begin.
Inside Palm Beach County’s newly signed Trump trademark deal for airport renaming
The deal could leave openings for Trump’s businesses and family members to benefit from the taxpayer-funded airport name change.
Cleveland celebrates Small Business Month with grant awards
Cleveland is awarding steelyard tax increment financing grants to multiple small businesses, while also reopening the Storefront Renovation Program in recognition of Small Business Month.
7 On Your Side: How to get the most out of your health savings account
Did you know health savings accounts can be a great way to save some money? The tax free tool can help you build a nice retirement nest egg. 7 On Your Side breaks down the top ways to make the most out of your HSA.
Small business confidence surges as Trump tax cuts deliver ‘blockbuster’ job growth
Small Business Administration Administrator Kelly Loeffler joins ‘Mornings with Maria’ to tout President Donald Trump’s small business agenda, highlight job growth from tax cuts and detail a crackdown on $22B in suspected fraud.
Iowa Legislature adjourns as marathon session seals property tax deal
A 34-plus hour marathon over the weekend left Iowa lawmakers bleary-eyed as they ended the 2026 session with property tax and budget deals.
Iowa lawmakers reach last-minute deal for $4 billion property tax cut
Republican lawmakers struck a deal to deliver what they said would be a $4 billion property tax cut over the next six years, after a weekend marathon.
Republicans see high-risk plans as the future of health insurance
More than 40 million Americans are already opting to take on the cost of sick visits, drugs and surgeries to get lower premiums and tax savings.
Iowa lawmakers back vape tax to fund $3M pediatric cancer research
Lawmakers passed $3 million for pediatric cancer research at the University of Iowa, funded by a tax on vapes and alternative nicotine products.
LIVE! Watch ‘Benavidez vs. Zurdo’ Prelims For Free
Before David Benavidez challenges WBO and WBA Cruiserweight champion, Gilberto “Zurdo” Ramirez, for his WBA title later TONIGHT (Sat., May 2, 2026) inside T-Mobile Arena in Las Vegas, Nevada on DAZN PPV, you can check out some of the early “prelims” for free on YouTube. “The Mexican Monster” and “Zurdo” will also be competing for […]
Donald Trump says wife Melania 'hates' when he dances to 'the gay national anthem': 'It's not presidential'
Donald Trump revealed that his wife, Melania Trump, 'hates' when he dances to 'what's sometimes referred to as the gay national anthem': 'It's not presidential.'
Laredo population growth slows as immigration declines sharply
Laredo businesses report declining sales as population growth slows sharply. Experts link the trend to reduced migration, raising concerns about jobs, tax revenue and long-term economic stability.
The gaffes are becoming a pattern for Seattle’s new mayor
They say a gaffe is when a politician tells the truth. Seattle Mayor Katie Wilson saying "bye" to the wealthy upset about taxes is not the kind of truth Seattle needs right now.
The Cannabis Industry’s New Best Friend? President Trump
The administration’s decision to relax federal regulations on medical marijuana comes with big tax breaks for many cannabis companies, and could drive new investment in the budding sector.
Hochul says budget deal could come next week
Notably, Hochul didn't rule out an upstate opt-in pied-à-terre tax or foundation aid formula changes.
Capitol Recap: Proposal to tax high earners stirs debate over policy, and politics, in Montpelier
The House Committee on Ways and Means has spent the last three weeks crafting proposals that would raise income taxes on households that earn more than $586,000 a year. Though the legislation has no chance of becoming law this year, some Democrats hope the debate will resonate with voters heading into the midterm elections.
Florida Yacht Charter Business Fights $1.5 Million Tax Bill
A Florida yachting venture that participated in high-stakes offshore fishing tournaments before unforeseen setbacks forced a pivot to luxury charters told the US Tax Court the IRS wrongly defined its business as a hobby and assessed more than $1.5 million in tax liabilities.
Trump says he's considering taxpayer-funded deal to bail out Spirit Airlines
Trump said his administration gave Spirit "a final proposal" and would make an announcement Friday or Saturday"
Nine Key Moments: Hearing with Health System CEOs
WASHINGTON, D.C. – CEOs representing some of the nation’s largest health systems, including the largest for-profit and tax-exempt hospital systems in...
L.A. Measure CB voter guide: taxing illegal cannabis businesses
L.A.'s measure CB represents a hope to crack down on illegal cannabis businesses by closing a legal loophole. Opponents say the measure may normalize illegal activity.
Obamacare Enrollment Drops Sharply as Costs Rise
Americans can’t afford the higher health insurance premiums that resulted from Congress’s refusal to extend federal tax credits.
Nashville business owners clash with property assessor over rising tax bills
Tensions ran high during a recent meeting in Nashville as local business owners voiced frustration over soaring property tax assessments, warning they are being
Warren Buffett explains sports betting in simple terms: "It's a tax on stupidity"
Few Americans in history have had more success in the financial world than Warren Buffett.
FRESH and Affordable Foods Act Would Rightly Establish a Uniform, Science-Based Standard for Food Safety - Americans for Tax Reform
Yesterday, the House Committee on Energy and Commerce held a hearing entitled “Healthier America: Legislative Proposals on the Regulation and Oversight of
Trump Administration Imposes Caps on Graduate School Loans
The changes stem from student loan provisions in a sprawling tax and domestic policy bill signed into law last year.
Why prediction markets might be skipping the Kentucky Derby
Prediction markets pose a threat to the horse racing industry, which depends heavily on gambling tax revenue.
Mamdani tax break proposal sparks fears as business leaders warn of ‘fragile’ NYC economy
Business leaders warn NYC Mayor Zohran Mamdani's proposal to scale back a key tax credit could hurt small businesses and drive companies out of the city.
Louisiana constitutional amendment would let parishes stop taxing business inventory
Here’s what to know about the amendment, which will appear on the May 16 ballot. Early voting starts Saturday.
Is It Too Expensive to Sell a House?
Millions of Americans are holding onto empty homes, fearing the tax hit a sale would bring.
Small Colorado business claims state owes more than $300K in outstanding E-bike tax credit
WA Democrat asks: Should cops have to pay taxes?
A proposal from a Washington member of Congress to grant special exemptions to federal, state and local police from paying most income taxes was not well-received online.
Small Colorado business claims state owes more than $300K in outstanding E-bike tax credit
This week in Santa Cruz County business: Joby’s big ride in NYC, training for emerging aviation careers, Java Junction shutters River Street café
Joby's electric air taxi takes Manhattan, a Monterey Bay nonprofit launches a forward-looking job training initiative and the end of the line for a Gateway Plaza coffee spot are all part of Jessica M. Pasko's weekly look at local business.
Takeaways from the latest California governor’s debate
Eight candidates seeking to become California’s next governor met for an unwieldy debate Tuesday, where the candidates discussed their plans to make the state more affordable and sought to gain ground in an unsettled field. Xavier Becerra emphasized his past jobs as HHS secretary and California attorney general. But he also put aside a nice guy reputation with a few shots at his opponents. San Joe Mayor Matt Mahan pushed back on California’s gas tax, calling it regressive and arguing that rural and working-class Californians pay more to protect the roads than “wealthy EV owners.” And he said everyone else on stage had healthcare wrong.
'Lifestyle analysis' found Moorhead business owner hid income while collecting SNAP
A Minnesota business owner is facing several felony charges after investigators say she filed false tax returns while fraudulently receiving SNAP benefits.
Philippine Tax Agency Orders Probe on VP Duterte’s Businesses
The Philippine tax agency has ordered tax audits on nine businesses tied to Vice President Sara Duterte and her husband.
Major business group warns proposed CA billionaire tax in could give more taxing power to lawmakers
A proposed California billionaire tax, which would impose a one-time 5% tax on billionaires and their assets to fund health care programs, is facing scrutiny from a major business group over concerns about legislative power.
Moorhead business owner defiant in face of 24 felony charges alleging tax crimes, SNAP benefits fraud
Her taxable income ranged from a low of $19,430 in 2019 to a high of $243,618 in 2024. Yet, she reported zero income.
Louisiana’s industrial sector has never faced more crosscurrents
It has been a bipolar year for Louisiana’s industrial complex, reports 10/12 Industry Report in its spring issue. The elation over a tsunami of new investments, lower tax rates and softening regulations has been dampened in many ways by ever-changing tariffs, consistently high interest rates and across-the-board inflation. That’s causing the price tags of many […]
Exclusive | Bruce Blakeman blasts Hochul, Mamdani over pied-à-terre tax proposal: 'Losing businesses and jobs each and every day'
Nassau County Executive Bruce Blakeman, who is currently running for governor, blasted Gov. Kathy Hochul and Mayor Mamdani’s pied-à-terre tax proposal in an interview with The Post.
Politics & Power: Rising tariffs, gas prices squeeze small business margins across the South
Florida State University business analyst Wayne Hochwarter joins News4JAX anchor Bruce Hamilton on this week's episode of Politics & Power to discuss whether tariffs should be adjusted to shield small importers; what short‑term relief (tax credits, grants, fuel support) would help Main Street; and how state budgets should adapt to tourism and construction slowdowns.
Politics & Power: Rising tariffs, gas prices squeeze small business margins across the South
Florida State University business analyst Wayne Hochwarter joins News4JAX anchor Bruce Hamilton on this week's episode of Politics & Power to discuss whether tariffs should be adjusted to shield small importers; what short‑term relief (tax credits, grants, fuel support) would help Main Street; and how state budgets should adapt to tourism and construction slowdowns.
Lawmakers pass incentives to bring aerospace business to Louisiana
Lawmakers are passing a package of bills to give special legal protections and tax breaks to aerospace companies, though details about what projects might be coming remain confidential.
Lawmakers pile on Colorado taxpayers — even more
By Mark Hillman That our two political parties have such different philosophies regarding business and taxes is exasperating because prosperity would serve even the very different interests of Democrats and Republicans. Democrats want more revenue for government to spend it on social welfare, health care and schools. Republicans want to stimulate the economy, leading to more […]
Thousands of Marylanders downgraded health plans on ACA marketplace amid rising premiums
As fewer Marylanders qualify for federal tax breaks that used to keep health care costs down, state officials report that higher monthly premiums have led thousands to opt for lower-coverage healthcare plans than in previous years.
Australia's Star Entertainment Narrows Third-Quarter Losses
April 28 (Reuters) - Australian embattled casino operator Star Entertainment narrowed its third-quarter loss on Tuesday, reflecting the impact of cost savings and higher operator fee revenue. The company reported a loss before interest, taxes, depreciation and amortization for the ...
Business Cash Crunch: 2 Ways To Access Retirement And Brokerage Funds
Business cash flow gaps can happen. Learn two ways to access brokerage and Roth IRA funds, including tax rules, risks, and key limits to consider.
Billionaires Are Dominating California Politics, From Governor’s Race to Wealth Tax Proposal
Between Sergey Brin and Tom Steyer, ultrawealthy people are trying to guide the state’s direction.
Measure C: Oakland business tax relief, explained
At the June 2 primary, voters will decide whether to give one-year tax breaks to small and new businesses in the city.
Opinion: Illinois’ ‘flat’ tax isn’t flat — and it’s costing us billions
Illinoisans are struggling to afford the basics. The least we can do is stop subsidizing the luxuries of people who have everything they need and then some.
California billionaire tax nears ballot after union collects nearly double required signatures
California's proposed billionaire wealth tax clears a major signature hurdle as opponents warn it could kill 108,000 jobs and drive more billionaires out of the state.
Sergey Brin Moves to the Right, With a ‘MAGA Girlfriend’ by His Side
After once backing liberal causes, the Google co-founder has praised President Trump, donated to Republicans and spent $57 million to try to block a California billionaire tax.
Britain Politics
Richard Tice, Deputy Leader of Reform UK poses with campaigner Joseph Afrane as Reform UK holds a 'national fuel tax protest' to protest against the Government's plans to raise fuel
Report says legalizing online sports betting in Nebraska could generate $87M over 5 years
Research commissioned by a group petitioning to legalize online sports betting in Nebraska found it could generate $87 million in new taxes over five years.
Britain Politics
A campaigner with a Pinocchio puppet as Reform UK holds a 'national fuel tax protest' to protest against the Government's plans to raise fuel duty for the first time in
Indiana cut business taxes. Families paid for it.
Indiana is making it cheaper to be old while making it more expensive to be young.
Poll: Three out of four Florida voters say they would vote for homestead property tax relief
Republicans and Democrats are on board, while NPA voters simply don't know enough about the plan.
Against all official odds: Jerusalem business owners struggle to survive as the state dithers
Tax-paying business owners should have access to the timely financial assistance they need to keep their show on the road.
Judge appears skeptical of Trump’s $10 billion lawsuit against IRS and Treasury
A federal judge on Friday questioned the constitutionality of President Donald Trump’s $10 billion lawsuit against the IRS and Treasury Department over the leak of his tax returns, ordering a hearing to determine whether the president can sue federal agencies that he oversees.
Blue state residents 'fleeing in droves' after ‘insane’ progressive takeover, says top state attorney
Maryland state attorney says he is fleeing the state over what he calls an insane ultra-progressive takeover, sanctuary policies and rising taxes.
Poloncarz highlights 'lowest tax rate in county history' during annual address
Erie County Executive Mark Poloncarz emphasized goals such as affordability, housing, parks and more during the State of the County address Thursday.
Stock markets set to fall, Bank of England deputy governor warns; Trump threatens UK with ‘big tariff’ over digital services tax
Rolling coverage of the latest economic and financial news
Trump signals interest in buying Spirit Airlines with taxpayer backing, aims to resell for profit
President Donald Trump proposed a taxpayer-funded takeover of Spirit Airlines amid bankruptcy, with a strategy to resell the company after oil prices fall.
Former councilman rallies against bill defunding sports complex
In a letter to the Minnesota House and Senate Taxes Committees, Bransford argues the state should not interfere with the result of a 2023 ballot measure, which approved a sales tax extension to raise $65 million for indoor and outdoor sports facilities.
NFIB Supports Legislation to Increase the Small Business Deduction to 23%
The Small Business Tax Cut Act would build on the success of Congress making the Small Business Deduction permanent
The Politics Hour: What's next with Virginia redistricting
Virginia Speaker Don Scott and U.S. Rep. James Walkinshaw on what's next for redistricting. Plus, Montgomery County Council President Natali Fani-González pitches her alternative to property tax hikes.
Trump Just Reclassified Marijuana. What Does It Means for Business Owners?
Marijuana businesses are set to see some tax changes.
M Resort tower’s December opening boosts 1st-quarter earnings for Penn Entertainment
CEO Jay Snowden also says higher gasoline prices haven’t affected casino visitation yet, likely because tax refunds have been higher than they’ve been.
Sorrell College of Business Student Research Showcase highlights student work
From beef cattle to sports to physical fitness and weddings, students revealed their findings during the Sorrell College of Business Student Research Showcase on April 21 as part of Trojan Research Week. “I discovered that you can depreciate beef cows as assets,” said Kearston Clancy, who along with Rachel Temples presented “Determination of Individual Tax...Read More
Florida metros dominate list of best large cities to start a business
Tampa led the nation due to its business environment and low taxes.
Missouri Senate rejects increase to school funding
Revenue from the Missouri Lottery and casino taxes are not meeting projections
Quick look at the best read Tri-Cities business stories this week
From a major tax break proposal in Pasco to a new rail deal at Big Pasco Industrial Park, it was a busy week for business and community news in the Tri-Cities.
Lyft to Buy Gett’s UK Taxi Business, Marking Its Third International Acquisition
Lyft Inc. has agreed to buy London black cab app Gett, its third acquisition in the past year, as the company works to expand its presence beyond the US.
Data center politics dog Virginia Democrats
State lawmakers may fail to pass a budget deal because of a Democratic split on whether to rescind tax breaks for data centers.
Hochul’s stealth business-tax hike proves she doesn't care about NY's future
Embracing a special NYC pied-a-terre levy turns out not to be Gov. Kathy Hochul’s only violation of her "no new taxes" vows — nor even the first or the biggest.
Senate committee rejects plan to cut key NH business tax
Citing concerns about lost revenue, the panel instead backed lifting the filing threshold for the Business Enterprise Tax.
GOP gubernatorial Bruce Blakeman promises tax relief for restaurants, small businesses as he blasts 'Hochul Special' tax crisis
Tesla Q1 earnings, sales top forecasts as company sees 'tailwinds' boosting auto business
Tesla will report first quarter earnings after the bell on Wednesday, with Wall Street focused on the company's slow-to-evolve Robotaxi rollout and capital expenditures, which are expected to balloon due to the company's AI ventures.
Tesla earnings, sales top forecasts as company sees 'tailwinds' boosting auto business
Tesla will report first quarter earnings after the bell on Wednesday, with Wall Street focused on the company's slow-to-evolve Robotaxi rollout and capital expenditures, which are expected to balloon due to the company's AI ventures.
Substantiation, Entity Indebtedness, and Business Expense Deductibility: An Analysis of the Simmons Case — Current Federal Tax Developments
Cathryn A. Simmons v. Commissioner, T.C. Memo. 2026-34 (April 22, 2026) In a recent memorandum decision, the United States Tax Court addressed recurring substantiation issues surrounding closely held entities, commingled funds, and rental real estate deductions. The taxpayer, Cathryn A. Simmons, p
Where Warriors' financial situation stands entering pivotal 2026 NBA offseason
The Golden State Warriors are entering a pivotal 2026 NBA offseason with some financial challenges, such as potentially going under the luxury tax.
How U.S. marijuana reclassification could help cannabis companies
The reclassification would likely reshape the pot industry by lowering tax burdens and making it easier for firms to secure funding.
House Republican proposes small-business tax cut to pair with GOP federal budget package
Some congressional Republicans are hoping to tack on tax and other spending proposals to an effort to fully fund the Department of Homeland Security.
Here's how Utah could benefit from now-permanent 20% small business tax deduction
The Qualified Business Income deduction allows Utah small businesses to deduct up to 20% of their business income from federal and state taxes.
No. 21 on the list of Tampa Bay’s Most Powerful Politicians: Kathleen Peters
Peters has established herself as a warrior for mental health and a consistent champion for lowering property taxes.
Opinion | Seizing Property Can’t Be ‘Business as Usual’
From California to Hong Kong, asset seizure—whether a wealth tax or communist crackdown—discourages growth and liberty.
NYC business group slams proposed second home tax and city's wasteful spending
Chartwell Strategy Group managing director Joe Borelli sounds the alarm on wasted school spending and the potential fallout from new NYC tax hikes on 'Varney & Co.'
The Pitt and Medicaid - National Health Law Program
“Hopefully we’ll be back on Medicaid by then.” “How’d you lose it?” “They sent a redetermination letter to our old apartment. It didn’t get forwarded.” “And you haven’t been able to get it back since?” “I’ve been trying for months. To get re-enrolled, you need tax returns, pay stubs… I cut hair. My income fluctuates.” – The Pitt, Season 2, […]
'We've been sold out': Punters Politics fronts inquiry into gas export tax
Konrad Benjamin, a former school teacher who is behind the social media account Punters Politics, tells a Senate inquiry into taxing gas that the issue has fired up his near million followers
Rahm Emanuel moves to the left on Israel
Emanuel, who worked on a massive Iron Dome defense package as President Barack Obama's chief of staff, is calling for an end to U.S. taxpayer military funding for Israel.
Disallowance of COVID-19 Leave Credits: A Review of Substantiation and Trade or Business Requirements — Current Federal Tax Developments
Marie M. Kanda v. Commissioner, T.C. Summary Opinion 2026-3 (Docket No. 3772-24S. Filed April 20, 2026) Between 2015 and 2023, Marie M. Kanda suffered from several serious health conditions, including breast cancer and severe osteoarthritis, which led to her doctor determining she was disabled and
Trump's tariff revival sparks business pushback
(The Center Square) – Businesses worldwide are urging caution as the U.S. Trade Representative's Office prepares for key hearings central to President Donald Trump's renewed push for higher import taxes,
Bill Maher, Woody Harrelson sound off on California business climate, say state deserves to be 's--- on'
Bill Maher and Woody Harrelson blast California on their podcast, saying the state's heavy taxes make their cannabis business hard to sustain.
‘Where’s our proposal?’: Daniel Perez frustrated with inaction on property taxes by Gov. DeSantis, Senate
With no clear proposal from the Governor’s Office and time running short, Perez says it’s ‘tough to hear this rhetoric over and over again’ from DeSantis.
Tax relief on the horizon: How federal rescheduling could reshape cannabis business taxes
Rachel Carr Shreves and Crystal Howard of Spencer Fane discuss the proposed federal rescheduling of cannabis to Schedule III and considerations stemming from potential relief from the limitations on certain deductions under Section 280E of the Internal Revenue Code.