The new chancellor must raise taxes in his first Budget or break the government's rules on borrowing, a leading economic think tank has warned.
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He has also inherited a fiscal target from his predecessor Sajid Javid to bring spending in to balance by 2022.
However, the Conservative election manifesto said the government would not put up income tax, national insurance or VAT.
And here's another article:
First hearing on initiative that would raise taxes on Alaska's oil industry
JUNEAU, Alaska (KTUU) - The Alaska Legislature held its first hearing on an initiative that seeks to raise taxes on oil companies that operate the state's three legacy fields.
On Tuesday, the 13-member Legislative Council heard from representatives from the Departments of Law and Revenue as well as the Legislature's legal advisers about the Fair Share Act.
Cori Mills, an assistant attorney general, told the committee that the lieutenant governor will make a decision whether the initiative will appear on the ballot by March 17.
Illinois wastes taxes supporting too many school district bureaucracies
Illinois could put $708 million more toward classrooms or property tax relief if it reduced school district bureaucracy to national average.
The goal of public education should be to ensure that every student has the opportunity to maximize his or her full potential. Unfortunately, the Prairie State currently falls short of this goal because of a top-heavy education bureaucracy diverting resources that should rightly be going to classrooms for teachers and students.
Married with taxes: Choose your best filing status
Getting married usually means merging your finances. But when it comes to taxes, that's not always the case. The IRS gives married couples a choice: You can file your taxes jointly, or you can choose the status "married, filing separately."
While most couples will be better off filing jointly, there are times when filing separately is preferable. Here's how to figure out your filing status.
And here's another article:
Proposed legislation looks to raise taxes on RI’s highest earners | WPRI.com
PROVIDENCE, R.I. (WPRI) — Two state lawmakers are proposing to raise taxes on Rhode Island’s highest earners.
Sen. William Conley and Rep. Karen Alzate unveiled new legislation Tuesday that would create a new tax bracket for those whose income is higher than $475,000.
Under the proposed legislation, the new bracket would tax between 5.99% to 8.99% on adjusted gross income above $475,000, which is an estimated 3% increase.
Get your taxes done for free at the United Way of Greater Lafayette
United Way and Purdue University are partnering for the 10th year in a row to offer free tax filing services to the community.
Anyone who makes less than $66,000 a year qualifies for the free service. Volunteers will take you step-by-step through the sometimes daunting task of filing your taxes. Many of the volunteers are accounting students from Purdue's Krannert School of Business.
San Francisco Voting Whether to Tax Landlords for Empty Storefronts - WSJ
San Francisco will put to vote next Tuesday a punitive new approach to ending the blight of empty storefronts.
Online sales taxes boost Craighead County, Jonesboro collections - Talk Business & Politics
Money continues to pour into Craighead County’s and the city of Jonesboro’s coffers if sales and use tax collections are an indicator.
The county set its all-time collections record in February, according to the Craighead County Treasurer’s Department. Jonesboro narrowly missed tying its all-time collections record for a month, according to data released by the city.
Craighead County collected $2.164 million for the month, a $22,000 (0.5%) increase as compared to February 2019, the last time the record was set. It’s only the third time the county has topped $2 million in collections in a month, according to figures dating back to 2013.
Happening on Twitter
Before requesting much needed emergency funding, Trump pushed again and again for dangerous budget cuts to public h… https://t.co/VFhQrs6XxH ewarren (from Massachusetts) Tue Feb 25 20:45:23 +0000 2020
Reminder: Trump's budget proposal this year aimed to cut the budget of the Health and Human Services department by… https://t.co/R3kDkNiSto kylegriffin1 (from Manhattan, NY) Wed Feb 26 00:30:08 +0000 2020
Too little too late. That President Trump is trying to steal funds dedicated to fight Ebola is indicative of his t… https://t.co/7sEMsFEdS6 SenSchumer (from New York, NY) Tue Feb 25 02:24:35 +0000 2020
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