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How health care costs are undermining America’s public-sector employers
Politicians are contemplating raising taxes and cutting benefits as the cost of health care for government workers surges.
Digital ad tax ruling raises new questions about Maryland's finances, business climate
Maryland's first-in-the-nation tax on digital advertising is facing an uncertain future after the Maryland Tax Court struck down the law, setting up a likely ap
Mark Cuban and Other Founders Wade Into Wealth Tax Debate
Some entrepreneurs, including Mark Cuban, are publicly worried about the potential fallout from California’s proposal to impose a special billionaire tax.
Data Centers and Historic Heat Test Texas’ Business Strategy
Good Counsel columnist Carliss Chatman writes that recent heat waves and mushrooming data center plans in Texas are creating tension between the Lone Star state’s welcome mat to incorporate there, and it’s ability to support the infrastructure needed for business and taxpayers.
Sauer: Mass. must get ahead of health care fraud
If policymakers drag their feet, Medicare Advantage’s waste, fraud, and abuse problems could erode public trust, drive up taxpayer costs, and threaten the long-term viability of the program.
Owning the Lakers would provide billionaire investor Joshua Kushner with an iconic sports franchise — and a ‘powerful tax shield’
"My guess is he is preparing to offset a boatload of carried interest income. If you own a sports team, done correctly, you can get a deduction against income."
Milpitas City Council approves business tax measure for Nov. 3 ballot
Measure would update city’s 50-year-old tax structure.
Prepare for taxes now, especially if you own a business
ALBANY, N.Y. (NEWS10) – With the summer sun upon us and school not even back in session yet, tax season feels very far away. But if you’re like a lot of us, we often wait too long to st…
Trump Team’s Use of Arcane Budget Rule Threatens Medicaid Coverage
The decision by federal officials, citing authority granted under President Donald Trump’s signature tax-and-spending law, suggests the GOP-led state’s predicament could foretell other repercussions in how states are allowed to run the program under federal waivers.
Pols & Politics: Wu wants to gut law tempering property tax increases
Boston Mayor Michelle Wu is making waves after expressing in recent public radio appearance her willingness to change or even repeal Proposition 2 ½.
Mark Cuban tells Ro Khanna 'you don't understand business,' threatens investment shift over billionaire tax
Mark Cuban warned Rep. Ro Khanna that California's proposed billionaire tax could drive startup founders out of the state, vowing to avoid investing there.
Waymo gets regulatory approval to scale up robotaxi service across California, enter 2 new markets
Waymo's robotaxi service expands across Northern and Southern California after CPUC approval, adding Sacramento and San Diego as new markets.
Scientists documented 1,121 previously unknown marine species in a single year — increasing the annual identification rate by 54 percent — yet the head of science at Ocean Census says researchers are still in a race against time, with estimates suggesting up to 90 percent of ocean species remain undiscovered.
Ocean Census documented 1,121 candidate marine species in one year, but its rapid discovery status is distinct from a completed formal taxonomic description.
Hollywood Scrambles to Address California’s Business Tax Credit Law
A new bill, signed into law on June 29, could persuade film and TV projects to take their business elsewhere. Legislators with ties to entertainment are scrambling for a solution.
Despite Mamdani’s Attempts to Appease, Many Business Leaders Remain Wary
The mayor’s attempt to create a business advisory council has been hampered by some concern that joining the council may be perceived as an endorsement of Mr. Mamdani.
'Ghost town?' Colorado business leaders weigh all options as DSA gains ground
Local business owners and the Denver Metro Chamber of Commerce discuss corporate taxes, rising costs and the future of free enterprise as DSA-backed policies gain momentum in Colorado.
Broadway business owners call for special property tax session
Nashville News, Weather, and Sports
Gender-affirming care, Russia sanctions, Kalshi: CT politics news
Plus: A ruling on HUD funding, Connecticut's CEO-worker pay gap, 'Sales-Tax-Free' Week and a storm forces a Ryan Fazio event to relocate.
D23 Entertainment Showcase start time (by time zone), runtime, and what to expect
San Diego Comic-Con 2026 may have come and gone in a heartbeat, but the era of breaking announcements is just getting started. Disney has many franchises and pr
Ken Paxton tries to tamp down growing Republican concerns about his Senate campaign
After years of battling fellow Republicans and helping lead the culture wars in Texas, Ken Paxton is campaigning on tax deductions, appearing with state lawmakers who once voted to impeach him, and openly appealing to the Washington establishment for financial help.
Florida AG Uthmeier rewrites property tax amendment language after ruling
Sixty percent of voters have to vote in favor of the amendment for it to pass.
Rock Creek Entertainment District is not 'no risk'
Nearly two years ago, Norman was told the proposed University of Oklahoma entertainment district and basketball arena tax TIF represented “no new taxes,” “no risk to the public,” and “no
Get the Facts: Douglas County’s Business Personal Property Tax Incentive for Flexential
Recent coverage of the Flexential data center planned in Parker has generated questions about Douglas County’s role in the project and the tax incentive considered by the Board of County…
REcarbonize Canada says Friends of Science Society in Response to Sustainable Finance Taxonomy Report
In response to Canada's Sustainable Finance Taxonomy report, Friends of Science Society have issued a comprehensive response that can be summarized as "REcarbonize Canada."
'Coyote vs. Acme' review: The movie Warner Bros. didn't want you to see is Looney Tunes at its very best
Starring Will Forte, John Cena and Lana Condor, "Coyote vs. Acme" was fated to be a tax write-off. Then fans spoke out.
Legislative leaders indicate Dunleavy’s Alaska LNG bill is doomed as business groups pan it
The governor proposed a 2% corporate income tax on oil and gas companies that currently pay no state income tax, though the gas line project itself would be exempt.
Matthew Stafford facing major off-field issue before Rams season
Rams quarterback Matthew Stafford and his wife reportedly face an active California tax lien worth more than $534,000 just weeks before Los Angeles opens its 2026 season.
Wrapbook Launches New Entertainment Production Finance Series: WRAPPED
Wrapbook, the AI platform with an all-in-one solution for production finance, today announced the launch of WRAPPED, a short-form original video series exploring the business and financial mechanics behind film, television, and digital production. The inaugural episode explores the legacy and the future of federal film production incentives, diving deep to explain the recently expired and often misunderstood tax provision, Section 181.
ICYMI: NJEDA to Auction Up to $25M in Business Tax Credits
The New Jersey Economic Development Authority (NJEDA) will auction up to $25 million in corporation business tax and insurance premiums tax credits in the
Small Business Spotlight: Specialty dental practice takes root on Market St.
WHAT MADE YOU WANT TO OPEN BLUE HERON ROOT CANAL SPECIALISTS? OWNER SARAH ERMOSHKIN: “I’ve always been an entrepreneur at heart. When I was 23 years old, I owned a cafe in Seattle, where I even fought to oppose oppressive sales taxes on espresso drinks. After selling that business, I got married and started a family. Once my children were in school, I attended dental school through the Navy Health Professions Scholarship Program (HPSP), which covered my tuition and provided a stipend. From the beginning, my goal was to eventually own my own practice after completing my military service. The work I do is incredibly rewarding and being able to create an environment that puts patients first while helping employees grow professionally makes every day as a business owner meaningful.” WHAT DOES YOUR BUSINESS PROVIDE? ERMOSHKIN: “Endodontists are often called ‘pain doctors’ because our primary mission is to relieve pain and save natural teeth. We specialize in root canal therapy, retreatment of nonhealing root canals, treatment of root resorption, apicoectomies – microsurgical root-end procedures – and vital pulp therapy for children. Our goal is to preserve teeth that might otherwise need to be extracted and replaced with implants. Saving a patient’s natural tooth is almost always the best long-term solution for their oral health.” HOW DOES YOUR MILITARY TRAINING HELP YOUR BUSINESS? ERMOSHKIN: “My military service taught me how to lead, collaborate and make decisions under pressure. I worked closely with senior leadership while treating a large patient population and collaborating with specialists across multiple disciplines. During the COVID-19 pandemic, (I) served a dual role as Navy dentist and as the public affairs officer for Naval Health Clinic Annapolis, where I helped develop medical and dental communications for the midshipmen and support staff, while coordinating with the broader Navy Capital Region. We worked closely with other military treatment facilities to share best practices and deliver consistent public health messaging. Those leadership experiences continue to shape how I lead my team and serve our patients today.” WHAT CHALLENGES ARE YOU FACING RIGHT NOW IN YOUR BUSINESS? ERMOSHKIN: “One of our biggest challenges is overcoming the misinformation surrounding root canal treatment. Root canals are safe, effective and often the best way to relieve pain while preserving a natural tooth. Unfortunately, many people choose extraction because they believe it’s less expensive or because they’ve seen misleading information online. What they may not realize is that losing a tooth can lead to shifting teeth, changes in the way they bite and chew and significantly higher costs to restore their smile later.”
John Cena shares his unique take on WB shelving ‘Coyote vs. Acme’: ‘My answer’s not the common one’
‘Coyote vs. Acme’ star John Cena looks back on the live-action and animated comedy’s bumpy road to the big screen, telling EW he has no hard feelings about the movie initially being shelved as a tax write-off.
An Overview of State-Directed Payments and Medicaid Provider Taxes: History and Potential Effects of the Working Families and Tax Cut Legislation on Health Care Costs
Health care provider taxes and state-directed payment policies in the Working Families and Tax Cut legislation are expected to reduce non-Medicaid prices by up to 3.5 percent in markets with provider taxes and reduce spending on Medicaid, commercial and Medicare coverage. Our spending estimates indicate that there will be an additional $29 billion in federal savings on Medicare and commercial coverage for each $100 billion that federal Medicaid spending is reduced.KEY POINTS
Sacramento news roundup: climber death, hotel tax fraud, health bill, worker benefits
Here is a quick recap of the top stories from The Sacramento Bee on Tuesday, August 11, 2026.
Tax increment financing approved for Louisville Entertainment District near Slugger Field
The $250 million mixed-use development project was announced in 2024, and it's been a waiting game for construction to start.
Luxury second-home tax survives temporary court block, for now
The tax applies to second homes worth more than $5 million.
Under 500 Employees, Over $500 billion: Small Business Payroll Taxes
Small businesses, those with fewer than 500 employees, are a pillar in the U.S. economy and account for a large share of federal payroll tax revenues. These taxes are paid by both the employer and employee and are primarily used to fund the Social Se
Joby Aviation to Scale Defense Business Through Acquisition of Resonant Sciences
Acquisition will significantly expand Joby’s defense business by adding a fast-growing company with established programs, classified capabilities and scaled manufacturing operations` Upon closing, Resonant will become Joby’s dedicated defense business, continuing its existing programs while expanding its portfolio to include Joby’s hybrid aircraft and autonomy technologies. Joby’s commercial aircraft business will remain focused on its electric air taxi initiatives Combination will create immediate opportunities to unite Joby’s dual-use aircraft, propulsion and autonomy technologies with Resonant’s radio frequency (RF), sensing and mission systems capabilities as well as its world-leading expertise in low-observability aircraft design Resonant delivered more than $100 million in trailing-twelve-month revenue, representing approximately 40% year-over-year growth, alongside strong adjusted EBITDA generation, driven primarily by long-cycle programs with the U.S. government, prime contractors and next generation defense technology programs
My Dad Wanted Me to Take Over His Accounting Firm. I Built a $3.2 Million One Instead
Sherman Standberry's family business helps clients lower their taxes.
The U.S. Healthcare System is Already Mostly Socialized
Now that Abdul El-Sayed is the Democratic nominee for Michigan’s open Senate seat, the outcome of this crucial race will depend mainly on two things: Whether Republicans succeed in demonizing El-Sayed because he’s brown and a Muslim, and whether they succeed in demonizing him as a left-wing radical. I will defer for the now the question of whether bigotry will be effective this year, although I will address it another day. What I want to address instead is El-Sayed’s signature issue — healthcare. Yes, El-Sayed advocates Medicare for All, a position the usual suspects denounce as “socialism.” I will get to the politics of his stance soon. Today, however, I want to talk about the substance. We should be clear that El-Sayed doesn’t even call himself a socialist. On the contrary, he explicitly disavows the label, saying “I’m a capitalist who just knows about capitalism”. In fact, as I explained in a previous post, the policies that El-Sayed advocates qualify him as a social democrat, not a socialist. Still, El-Sayed advocates a system under which the government would pay almost all medical expenses. Isn’t that socialism? Well, if that is the criterion then much of U.S. healthcare is already socialist. In fact, the government’s role is so large that U.S. healthcare is better described as partially privatized socialism than as anything resembling a free market. Let’s start with the raw numbers on health insurance, which pays the bulk of Americans’ medical expenses. Americans receive health insurance either from private companies or from public programs, overwhelmingly Medicare and Medicaid. Here’s what the breakdown of coverage and spending between private and public looked like in 2024: While a majority of Americans with health insurance get it from private companies, well over 100 million of us are covered by government programs instead. And these government programs pay more total dollars for medical bills than the private insurers do. Why do government programs that cover a minority of the population account for a majority of health insurers’ outlays? Mainly because Medicare covers seniors, and we’re expensive. Also, while Medicaid covers many younger Americans, disabled and elderly beneficiaries account for most of its spending. Even by the raw numbers, then, U.S. health insurance looks as much public as private. But that understates the government’s role: Private health insurance in the U.S. is both highly regulated and heavily subsidized. This is obviously true for the insurance coverage purchased by tens of millions of Americans through the exchanges established by the Affordable Care Act. But employment-based health insurance, which covers 161 million Americans, is far more of a government creation than most people realize. For employment-based insurance exists largely because of huge implicit government subsidies that come with major strings attached. Here’s how that works. If your employer pays you $10,000, that’s taxable income. But if your employer pays $10,000 toward a company health insurance plan that meets certain criteria, it isn’t taxable. That’s a huge effective subsidy, running at more than $300 billion a year. Take that subsidy into account, along with the more than $100 billion per year spent subsidizing policies purchased under the ACA, as well as the outlays on Medicare and Medicaid, and net effect is that the government pays for more than two-thirds of Americans’ health insurance. Granted, there are strings attached. Roughly speaking, employment-based health plans can’t discriminate based on medical history — that is, they can’t deny coverage to employees with pre-existing conditions — and they also can’t offer the plans only to highly compensated employees — a health plan that is only for the C-suite is considered taxable income. So given the restrictions of the federal tax code, employer-based health insurance is a lot like Obamacare, which also prohibits discrimination based on medical history and provides subsidies to make insurance affordable to lower-paid workers. The fact is that virtually all of private healthcare insurance is already well under some form of government control through regulation and tax subsidies. How should we think about this system? First of all, is Medicare socialist? Don’t tell anyone, but the way Medicare operates — it covers every senior’s medical expenses, whatever they turn out to be, while being funded by taxes that depend on one’s income — could be summarized by the old Marxist slogan “From each according to his ability, to each according to his need.” And back in 1961, when Ronald Reagan was the face of a last-ditch effort by the American Medical Association to block the creation of Medicare, he denounced Medicare as “socialized medicine” and warned that it would destroy our freedom. In reality, American freedom survived until Jan. 20, 2025, while Medicare is immensely popular, with an 82 percent favorable rating in the most recent KFF survey. Medicaid, government health insurance for lower-income Americans, comes in at 73 percent. This is in sharp contrast to public views about private insurers, who are widely disliked if not hated and accused of denying essential care. Furthermore, if Medicare is socialism, then the whole U.S. health insurance system, with the government paying most of the bills and placing conditions on private insurers, is almost equally socialist. If you insist on calling any program the government pays for and regulates socialist, then U.S. healthcare would best be described as a partially privatized form of socialism. And one must ask, what is the point of the part that is privatized? Do private insurers add anything positive? Or are they simply parasites, skimming off money that could have been paying for care? The case for viewing insurers as parasites is strong. Many Medicare benefits are now delivered via Medicare Advantage, that is, plans paid for by the government but run through insurance companies. MedPAC, an independent advisory commission, estimates that last year Medicare Advantage plans were overpaid by $84 billion, thanks to practices such as “upcoding,” in which patients’ health problems are overstated to get larger sums from Medicare. Assessing the waste from employer-based insurance is harder, but most evidence suggests that private insurers have substantially higher administrative costs than Medicare does. Furthermore, the complexity of private insurance, with multiple payers all trying to deny care when they can, is a huge burden both on providers — doctors, nurses, and hospitals — and on patients. What do private insurers offer to compensate for these costs? One must go through intellectual contortions to avoid the conclusion that they are, in fact, parasites. Which brings me back to El-Sayed. In supporting Medicare for All, he’s basically calling for an end to the partial, parasitic privatization of a healthcare system that is already hugely dependent on public funding. When one looks at it that way, it’s not at all a radical proposal. Admittedly, the political lift requires overcoming the opposition to higher taxes to pay for Medicare for All. Political realism rather than economics was the reason I and many other progressives supported Obamacare, with all its complexities, rather than demanding an immediate move to Medicare for All. But the political calculus may very well have shifted since the 2000s, as Americans are fed up with a system of unaffordable premiums, rampant claim denials, and byzantine claim administration. Moreover, funding healthcare insurance through taxation would allow for a much more progressive distribution of the cost. That is, compared to the present system, middle-income households would pay less as high-income households would pay more. And the U.S. would stop wasting large sums on pointless administrative costs. So let’s be clear: El-Sayed’s healthcare platform is perfectly reasonable on the merits of cost, fairness and health efficacy. And with private insurers never more hated, while millions of Americans are losing their health insurance, 2026 may be its time. MUSICAL CODA
Pied-à-terre tax rollout blocked temporarily by Staten Island judge
The next hearing is set for Aug. 31.
Pied-à-terre tax rollout blocked temporarily by Staten Island judge
The next hearing is set for Aug. 31.
Amazon asking town of Niagara for more in sales tax exemptions
Amazon is basing their request off the rising construction costs.
Judge pauses pied-à-terre tax rollout after homeowners allege botched launch
Staten Island Judge Wayne Ozzi heard arguments on a motion for a temporary restraining order to block the rollout of the pied-à-terre tax.
Saber's newest game trailer takes a shot at Gearbox's CEO, if you look closely
The first hint that something might be up with the recent debut trailer for Saber Interactive’s Rideshare Stimulator is an unusual choice of words—aside from that second one in the game’s title. “Don’t take your passengers too seriously,” the trailer’s narrator says, as he describes this upcoming game. It a car game about the gig work of driving eccentric people to their destinations, a riff on Crazy Taxi. And then, he says: “When I think I’ve met the randiest of passengers, someone even stranger gets in.” “Randiest”? That suggests “randy,” which usually means having strong sexual desire. Yet none of the oddball backseat occupants featured in the trailer seem particularly lustful. One is an old man who considers his grandson a failure, another shares the theory that birds might control traffic lights, another says he’s banned from an aquarium. A little later, there’s a license plate, shown 63 seconds into the trailer, on the front of an SUV: USB DRV It’s a Texas plate. The symbol between those letters is a cog wheel. If you know, you know. That’s a reference to Texas-based Borderlands game development studio Gearbox Software (their logo features a cog wheel). More specifically, it’s a reference to Gearbox’s CEO Randy Pitchford, who in 2018 found himself explaining the nature of video he’d saved on a USB drive that was found at a Medieval Times restaurant before being returned to the studio: “It was ‘barely legal’ porn. This girl’s handle was ‘Only 18.’” The “girl” in the video had committed a solo sex act that Pitchford, an avid practitioner of magic, found remarkable. “I realized, this is not a sex worker…This is a fucking magician.” Back then, the USB drive was central to competing lawsuits against Gearbox by the studio’s former lawyer and by Gearbox against him. A settlement in late 2019 “exonerated” Pitchford, per the Hollywood Reporter. The USB story has resurfaced at times, now in a trailer from a company that not long ago was corporate brethren with Gearbox. Saber vs. Gearbox The head of Saber told Game File that the reference is payback. “The dig is because Randy took shots at Embracer in Borderlands 4,” Saber CEO Matt Karch told me when I asked him about the license plate. “Without Embracer, Randy is performing magic tricks at birthday parties for a living.” Having interviewed Karch during a cross-country flight in late 2024, I can confirm that Karch was unimpressed with Pitchford during their time both working in the Embracer group. I’d approached him not out of surprise that there was animosity but that it was manifesting publicly now. Gearbox was founded in 1999, worked on a port of Halo early on, and developed hit series such as the loot-based sci-fi shooter Borderlands before it was purchased by The Embracer Group in early 2021 for $363 million (with a possible earn-out of over $1 billion, if certain targets were hit by 2027). Saber was founded in 2001, worked on a remaster of Halo early on, had a big hit with zombie shooter World War Z and was purchased by Embracer in early 2020 for $150 million, with a potential earn-out of up to $375 million. For a few years, the Embracer group was a voracious acquirer of game studios. Then, as investment dried up, it choked. In March 2024, Embracer sold Saber to an investment company controlled by Saber CEO Matt Karch, and it sold Gearbox in an all-stock deal to long-time Borderlands publisher Take Two Interactive. Other studios were shut down. Hundreds of developers were laid off. Gearbox didn’t say much about their Embracer experience, nothing too direct, at least. In the summer 2024, Pitchford told reporter and occasional Game File contributor Nicole Carpenter that Borderlands 4’s story was in some way thematically connected to Gearbox’s experience at Embracer: “There’s this cultural and emotional shift in me, personally, and at the studio. What does it mean to trade some autonomy for organization?” When Borderlands 4 came out, there was something stranger: the matter of “Embracer’s Bluff,” a location in the game featuring an AI-powered toilet and a large trash dump, according to a detailed Kotaku account of the place. Gearbox never commented on it; Take Two never got back to me about it when I asked them last year. By contrast, since Saber exited Embracer, Karch has been one of Embracer’s biggest defenders, casting their management as well-meaning and supportive despite the layoffs and studio closures that resulted from their excessive expansion. Like others, Saber’s Karch saw Embracer’s as a shot. With Rideshare Stimulator’s trailer, he’s returned fire. “It’s amazing to me how fast people forget those who went above and beyond for them,” Karch told Game File. A rep for Gearbox did not comment by press time. Game File is a reader-supported publication. Your backing makes my reporting—including any coverage of trailer-based beefs—possible. Good news! I’m currently running Game File’s first big sale of 2026. You can get a one-year subscription for 23% off. Click here to take advantage of the limited-time offer. And thank you for your support! Item 2: In brief… 🚫 Wal-Mart has laid off the staff of Restart, a games media outlet launched in 2024, Aftermath reports. 🟥 A GTA VI preview is on the way, at last, via an “extended look” that will premiere, unusually, on Netflix at 3pm ET on August 27, then officially go live elsewhere six hours later. Last week, Game File noted that Take Two label Rockstar Games is overdue for showing off GTA VI, based on the timing of the initial hands-off previews of GTA V and Red Dead Redemption 2. During a call with investors, Take Two CEO Strauss Zelnick said pre-orders for GTA VI were “unprecedented and astonishing,” but added the company can’t predict how many of those pre-orders represent bonus sales vs. sales that otherwise would have been made at launch. During the same call, Zelnick was noticeably bullish on the future of playing games over streaming cloud connections (predicting wider adoption in three or so years). He sounded unbothered by Sony’s plans to stop making discs for new games (he said the business is 90% digital already and predicted that there could still be limited edition physical editions of games “in the same way there’s still vinyl in the recorded music business.”) 👀 Take Two wrote off $43 million in their spring quarter after deciding “not to proceed with further development of an unannounced title in its pipeline from a third-party developer.” 🤔 Some rare age-demographics from a big publisher: Capcom recently told investors that “users in their 20s account for approximately half of the users of both Pragamata and Resident Evil Requiem.” Item 3: The week ahead Tuesday, August 11 Game releases: The Elder Scrolls IV: Oblivion Remastered (Switch 2; already out for PC, PS5, Xbox) continues the Bethesda strategy of putting Elder Scrolls games on everything; Royalty Free-For-All is a Smash Bros.-style fighting game featuring public domain characters such as Mother Goose brawling with Oliver Twist in a stage based on the original Little Shop of Horrors movie. Wednesday, August 12 Game release: Pro Jank Footy (PC, console) is an arcade-style Australian Rules Football game with increasingly ridiculous rules, the more you play (I enjoyed the Steam demo) Thursday, August 13 Game release: Super Mario Sunshine (Switch 2, originally released in 2002 on the GameCube) is released for Switch 2’s Nintendo Switch Online service. This game is the black sheep of 3D Mario games. It’s the successor to the breakthrough Super Mario 64 and the rare Mario game built around a single (vacation resort) theme. Mario’s got a water-spraying backpack, a Yoshi pal and a lot of blue coins to collect.
Self-flying air taxis and drones: Boeing sells key aviation technology businesses to Archer
Boeing is selling Wisk, SkyGrid and Insitu to Archer in a major deal combining autonomous aircraft, drones, airspace technology and AI.
Opinion |Boston homeowners aren’t overtaxed. So why raise taxes on businesses?
New data show Boston homeowners are already among the least-taxed in the country, while businesses carry a disproportionate share of the city’s property tax burden.
Gavin Newsom's 'hidden climate tax' hitting Americans nationwide, lawmaker warns
Rep. Vince Fong targets the EPA-authorized vessel at berth regulation that lets California levy massive penalties on cargo ships docked at its ports.
Cook County moves to end decades-old tax buying practice
After Evanston homeowner Goyce Rates fell behind on her property taxes, two tax buyers in 2019 purchased liens on the home’s two parcels for a total of $9,025. By 2023, she was unable to redeem her property for the cost of back taxes and interest, enabling the buyers to win deeds for the property and evict her family in November that year.
Commentary: Forfeited properties can and should be redeveloped
Properties lost through tax sales have potential to be put back on the tax rolls and become an opportunity for community revitalization and more affordable housing.
Boeing to Sell 3 Autonomous Flight Subsidiaries
In exchange for the sale to Archer Aviation, which is developing a piloted electric aircraft, Boeing will receive a 16.5 percent stake in Archer.
Vulnerable battleground Dem embraces 'no tax on tips' after voting against Trump bill
Gabriel Vasquez voted against the big beautiful bill's no tax on tips provision, then called for a permanent version through his TIPS Act weeks later.
Vietnam proposes 30% income tax cut for small firms, business households
Vietnam's government plans to seek parliamentary approval for a 30% cut in income taxes for small businesses and household businesses with annual revenue of up to 10 billion dong ($380,000), as part of efforts to support growth, the government said over the weekend.
Treasury Wine announces $395 million charge tied to US supply chain revamp
Australia's Treasury Wine Estates said on Monday it expects to take an additional A$558.4 million ($394.5 million) post-tax charge in 2026 related to the write-down of U.S.-based assets and brands.
University Health briefs county on hospital openings, new services
County commissioners have begun reviewing the University health budget, tax rate
Suburban business owner gets 15 months on prison for failing to pay taxes
A business owner from the Northwest suburbs was sentenced last week to 15 months in federal prison on charges he failed to pay the government more than $1 million in payroll taxes. George Dilles, 55, ...
California Prop 44 would force health clinics to spend 90% on patient care
A measure aimed at changing how community health clinics spend taxpayer dollars is heading to the ballot box this November. Voters will decide the fate of Proposition 44. Supporters say it will increase accountability, but opponents warn it could threaten services patients rely on.
Measure C renewal takes wild turns in Fresno. Here’s a recap of the political mess
A recap of a wild four weeks in Fresno politics over a transportation tax plan.
How Texas is courting Wall Street with ‘Y’all Street’
Texas has spent a decade luring the finance industry to Dallas with tax incentives, new laws and a stock exchange of its own. Inside the rise of “Y’all Street.”
A 0.42-nanometer breakthrough could push transistors beyond silicon
Atomically thin semiconductors could enable dramatically smaller and more efficient chips, but a stubborn problem at the boundary between materials has limited their performance. Researchers have now engineered that atomic interface to protect electron flow while still allowing extremely thin insulating layers. The resulting transistors delivered an unusually strong combination of electrical control and performance.
New CGT rules to alter business and investor behaviour: 'More than just another tax change'
The reality is that tax has always influenced investment decisions. These changes simply mean it will influence them even more.
Missouri's sports betting tax revenue decreased in June despite FIFA World Cup in Kansas City
The total amount wagered in June was $258.3 million, a 0.8% increase from May. Almost all sports bets were made on mobile betting sites, accounting for 99.5% of all money wagered.
Flutter Entertainment Q2 Earnings Call Highlights
Flutter Entertainment (NYSE:FLUT) reported second-quarter revenue growth of 3% as strong customer engagement around the FIFA World Cup and acquisitions helped offset customer-friendly U.S. sports results and higher taxes in the United Kingdom. The company also announced that Chief Executive Officer
Flutter Entertainment Q2 Earnings Call Highlights
Flutter Entertainment (NYSE:FLUT) reported second-quarter revenue growth of 3% as strong customer engagement around the FIFA World Cup and acquisitions helped offset customer-friendly U.S. sports results and higher taxes in the United Kingdom. The company also announced that Chief Executive Officer
PENN Entertainment (PENN) Stock Profit Rebound Faces Lingering Digital Doubts
PENN Entertainment stock barely moved on the results, edging up about 0.3% to US$20.18, even though the earnings story was anything but sleepy. Q2 flipped back into the black with basic earnings per share of US$0.25 and net income of US$33.1m. Retail casinos produced record quarterly revenue and adjusted earnings before interest, taxes, depreciation, amortization and rent that management highlighted on the call. The market reaction looks muted for now. The real question for investors is how...
Lawsuit filed against Mamdani administration's rollout of pied-à-terre tax
Their lawyer is a high-profile critic of Mayor Zohran Mamdani: former First Deputy Mayor Randy Mastro.
Inside the Zay Flowers deal
Earlier this week, the Ravens and receiver Zay Flowers agreed to terms on a new deal that, by way of new money, put him in the Justin Jefferson tax bracket at $35 million annually.
In the decade since rate cuts began, NH business tax revenues grew by an inflation-adjusted $3 billion - THE JOSIAH BARTLETT CENTER FOR PUBLIC POLICY
In 2015, the year New Hampshire legislators began a series of business tax cuts, revenues from the state’s two primary business taxes were a combined $561.7 million. In the decade since, business tax revenues grew by more than $3 billion. From 2016-2025, the state collected $3.02 billion in new business tax revenue above the 2015 […]
Northwest Indiana school district eliminates school buses, some sports and clubs after funding cuts
A school district in Northwest Indiana said it will eliminate all school bus transportation and cut sports and clubs for grades K-8 to address a deficit caused by decreased funding from major property tax cuts.
In ancient Rome, tax fraud was punishable by death
Stone tablets recount a corruption case so widespread that it became a capital offense in 480 CE.
Tech, manufacturing companies plan Vegas-area moves with tax incentive approval
An advanced technology company supporting artificial intelligence is one of four businesses expanding their operations to Southern Nevada after their requests for tax incentives were approved by st...
Ask the Tax Editor, August 7: Is It a Hobby or a Business?
In this week's Ask the Editor Q&A, Joy Taylor explains the income tax differences between a hobby and a Schedule C business engaged in for profit.
Downtown New Orleans taxes itself an extra $10 million a year. Here's where the money goes.
Check in with the chief of the Downtown Development District after one year on the job.
Dr. Abdul El-Sayed on Historic Michigan Win: “People Are Sick and Tired of This Politics of Hatred”
We speak with Dr. Abdul El-Sayed after his victory in Michigan’s primary race for U.S. Senate sent shockwaves through the Democratic Party. El-Sayed, a former public health official, ran a progressive campaign focused on affordability, Medicare for All, getting money out of politics, and opposing Israel’s genocide in Gaza. He defeated Congressmember Haley Stevens, who was backed by tens of millions in outside spending including by AIPAC, the powerful pro-Israel lobby group. “In an era where many of us can’t afford basic things like groceries or rent or healthcare, the idea that your government is sending your tax dollars to buy bombs and tanks for foreign governments seems anathema,” El-Sayed says. “That money could be spent to fix your potholes, rebuild your kid’s school.” El-Sayed says his focus now is on beating Republican nominee Mike Rogers, whom he calls a “bootlicker for Trumpism,” and to present a positive vision for his party that can lead into the next Democratic presidential administration.
Budget Battle Erupts in Nation’s Capital Over Opioid Settlement Money
Washington, D.C.’s 2027 fiscal-year blueprint reflects a debate playing out around the U.S.: whether opioid settlement money should be used to free up taxpayer dollars by paying for existing responsibilities instead of new programs.
Syria's Health Ministry corrects Damascus minibus blast toll: 14 wounded, no deaths
DAMASCUS, Syria (AP) — Syria's Health Ministry said Friday that 14 people were wounded, three of them critically, but that there were no fatalities in the explosion of a minivan taxi a day earlier in a Damascus suburb.
IRS expands Business Tax Account with new online features for eligible businesses
New tools allow businesses to view digital notices, download EIN verification and manage payment plans online
Flutter Entertainment (FLUT) Stock Faces Margin Squeeze Despite Steady Revenue
Flutter Entertainment walked into this earnings print with a stock that has quietly drifted lower over the past month, yet the immediate reaction has been almost flat. The share price edged only 0.1% higher to about US$93, even as the company reported a sharp squeeze in adjusted EBITDA and a group net loss in the quarter. The market mood looks numb rather than shocked. Traders appear focused on the profit hit from heavier U.S. marketing and higher taxes. The more patient question is whether...
IRS adds notices, payment features to business tax accounts
Eligible businesses and organizations can now view more digital notices, make payments on installment agreements, and obtain EIN verification documents online.
IRS adds notices, payment features to business tax accounts
Eligible businesses and organizations can now view more digital notices, make payments on installment agreements, and obtain EIN verification documents online.
As Michigan ages, are we overlooking a critical type of caregiver – the friend?
Friends may not see themselves as caregivers, yet when they help with activities of daily living, they are crucial to a person’s independence and longevity. That, in turn, can save tax dollars by curbing the odds at nursing home care.
Developer's big flex project could be 'largest taxpayer' small town south of Austin
Capital Construction LLC plans a 208,400-square-foot business park in Uhland, south of Austin, after city council approval on Aug. 5.
Rochester's Davis-Fetch Building Corp. seeks tax exemptions for LeRoy expansion
The contractor wants to build a new $1.2 million 16,500-square-foot space on Lent Avenue in the village.
IRS expands Business Tax Accounts
The Internal Revenue Service is giving organizations more ways to view digital notices, make payments, and access and manage federal tax account info online.
Talarico gains GOP support while unveiling affordability plan
Democratic Senate candidate proposed debt relief, housing aid and tax credits. Paxton’s campaign dismissed the agenda as “half-baked.”
Busy Baby, which became one of the faces of tariff woes, receives $50K tax refund
Oronoco-based importer Beth Benike said the money helps, but the tariffs caused long-term damage to the company.
Tax money would make Mamdani's food discounts 'viable'
The city is looking to contract with a private operator willing to run multiple stores.
Uber stock drops as bookings guidance disappoints; CEO bets on robotaxi push to grow overall business
Uber reported second-quarter results on Wednesday that beat on bookings and profit, but shares fell as the ride-hailing giant's bookings guidance missed analyst projections. Uber says its robotaxi push is still well underway, with investments set to grow.
Nuclear waste delivers a political haymaker. Five states say it can be done.
From proposals to bury waste under the Gulf of Mexico to shooting canisters deep underground, GOP-led states mainly see economic opportunity.
Some businesses in New Castle County getting a tax double-check
New Castle County has to check some assessments on some businesses, and here are some of them getting another look.
How rising healthcare costs are impacting schools on Long Island and across the country
School districts have seen annual increases of 10% or more in health insurance premium costs, said Bob Vecchio, executive director of the Nassau-Suffolk School Boards Association.
Small Business Owners Testify on U.S. Economic Growth
The Senate Small Business and Entrepreneurship Committee holds a hearing on tax policy, artificial intelligence, and other issues impacting small businesses.
Live Missouri election results: Bell vs. Bush, St. Louis, St. Charles and Jefferson counties
Voters will weigh in on an effort to remove the Missouri income tax, a measure to make it harder to pass ballot initiatives and a rematch between U.S. Rep. Wesley Bell and Cori Bush.
California Democrats defy Newsom, back billionaire tax
The state’s Democratic Party voted to support California’s billionaire tax, siding with a growing populist movement seeking accountability for the rich
Rep. Zach Nunn, U.S. labor secretary say 2025 tax cuts help Iowa businesses expand
Acting U.S. Secretary of Labor Keith Sonderling toured an Iowa manufacturer with U.S. Rep. Zach Nunn as part of his Tuesday visit.
Rice Man Faces Felony Charges Over Unpaid Business Taxes
(KNSI) - A Rice man has been charged with 22 felony counts after state investigators say he failed to file or ...
Powerful California Labor Federation endorses billionaire tax
A proposed one-time tax on California’s billionaires got a huge boost Tuesday when the California Labor Federation, which represents 2.3 million union members, endorsed the measure.
T-Mobile’s $0-down financing plan bundles taxes and fees
No payment required at checkout.
WATCH LIVE: Justice Department unveils major health care fraud crackdown
Trump administration officials announce new charges and an anti-fraud initiative designed to strengthen investigations and protect taxpayer-funded health care programs.
'More akin to a political slogan': Judge orders rewrite of property tax amendment's ballot language
The amendment stays on the ballot, but Attorney General has 10 days to rewrite the sales pitch as a description.
Shifting left, Democrats see universal health care, taxing the rich as 'essential,' Reuters/Ipsos poll finds
Liberal Democrats now make up a clear majority of their party and view universal healthcare, greater abortion access and higher taxes on the rich as essential political positions, underscoring how Democrats have moved leftward in recent years, according to a new Reuters/Ipsos poll.