Monday, August 31, 2020

How to be reunited with your long-lost money

Are you owed money you don't even know about? You might be, if your name is in an unclaimed property database. Each year, billions of dollars from forgotten security deposits, refunds, uncashed paychecks and even old bank accounts are reported to state agencies. And each year, according to the National Association of Unclaimed Property Administrators, an organization affiliated with state treasury departments, states return more than $3 billion to their rightful owners.

Just ask Maria Barlow, an attorney in Chicago. A few months ago, she was sitting at home when she decided to plug her name into the Illinois unclaimed property website. "I was surprised to see there was an entry," she says. Fast forward a few weeks, and she had a check in hand for $47.80.

Publisher: KXXV
Date: 2020-09-01T01:03:17
Twitter: @25NewsKXXV
Reference: (Read more) Visit Source



Many things are taking place:

If Doing Less Means Saving More, Try These 5 Money Moves | Business News | Investment |

The coronavirus has upended countless jobs, schools and bank accounts. But while undoubtedly more people are struggling than not, those who are still working may have seen their expenses actually drop, due to canceled travel, limited dining options and more time at home.

If you've managed to end up with extra money during the pandemic, here's how to take advantage of those savings.

2020 has served as a stark reminder that unexpected things can happen, and when they do, it's a good idea to be prepared.

Publisher: madison.com
Date: 2020-08-31T15:21:30-0500
Author: Alana Benson
Twitter: @madisondotcom
Reference: (Read more) Visit Source



Serena Williams on managing money, whether you're broke or a tennis superstar

Tennis superstar Serena Williams, who rose from modest beginnings to earning millions during her luminous career, says her outlook on money has not changed: Be responsible and manage your spending.

That was the overall theme of her message to college students of historically Black colleges and young professionals during a webcast focusing on money management.

Williams, who used the JPMorgan Chase Chats for an open conversation about money with a young adult audience from across the country, said her family was not well off growing up, but managing spending was emphasized when she was a kid.

Publisher: NBC News
Twitter: @NBCNews
Reference: (Read more) Visit Source



Money magazine ranks UCR among nation's top 50 universities | Inside UCR

UC Riverside ranked No. 48 of 739 U.S. colleges in Money magazine's Best Colleges for Your Money 2020, published Aug. 25. UCR was No. 32 among public universities.

The Money magazine list considers universities with at least 500 students that have the required data available, are on sound financial footing, and have a graduation rate above the median in their respective categories, which include public, private, or historically Black.

Its formula scores universities based on 27 factors in three categories, which include quality, affordability, and outcomes. Quality speaks to graduation rates, including the number of low-income students at an institution. Affordability factors the net cost students pay after aid, borrowing, and repayment. Outcomes considers alumni salary data and social mobility, which is the degree to which students move out of the lowest income brackets.

Publisher: Inside UCR
Reference: (Read more) Visit Source



This may worth something:

College students get creative to make money amid depreciated job market | Fox Business

Since the coronavirus pandemic wiped out job opportunities like serving at restaurants or working on-campus jobs, many  college students have thought of new and creative ways to make money.

* * *

Texas A&M University sophomore Tamarek Sweat started her own custom clothing business, The College Trap, to pay the bills and she runs it out of her apartment near campus.

“I do have to pay rent and I have a light bill and I have to also juggle debt and school stuff like as far as books and access codes and all this other stuff that college requires,” Sweat told FOX Business. “So I knew I needed money and I knew I needed it fast. And so I just found a way to get money.”

Publisher: Fox Business
Date: 2020-08-31
Twitter: @FoxBusiness
Reference: (Read more) Visit Source



These money and investing tips can help you through the stock market's worst month -

These money and investing stories, popular with MarketWatch readers over the past week, offer insight about how to manage your investment portfolio as September — typically the cruelest month for stocks — approaches. Except the market in September could be different this year — like so much of 2020. You'll find good advice here about what to watch for — and what to watch out for — as you make decisions about your money.

The ultrawealthy, understandably, would like to stay that way. And so, in an effort to do just that, they're sitting on a record cash pile.
These superrich investors just raised cash to record levels to hedge against 'the greatest period of unknown'

Publisher: MarketWatch
Date: 2020-08-30T06:55:00-04:00
Author: MarketWatch
Twitter: @marketwatch
Reference: (Read more) Visit Source



Some families still waiting on unemployment money as FEMA’s Lost Wages Act comes out this

Many people are looking forward to getting that extra up-to $900 to help them make up some financial losses.

But as some families prepare for additional assistance, others are still waiting for their original unemployment claim dollars.

* * *

“I don’t like my kids to see me crying and struggling, so I try to make the best of what I got,” Tomika Teague said.

She has yet to receive any unemployment benefits since her job reduced her hours during the COVID-19 pandemic.

logo
Publisher: myfox8.com
Date: 2020-08-31T22:34:55 00:00
Reference: (Read more) Visit Source



Happening on Twitter

Building A Budget-Based Business - ValueWalk

Are you planning to launch your own business but worried about finances? Many people have successfully started their own one-person or multi-person companies on a shoestring. You can do the same thing by following a few simple rules and keeping your eyes on the prize, as they say. In this case, the prize is long-term profitability and you stay focused by cutting key costs wherever you can. What are some of the areas in which you can minimize outflow and maximize income?

* * *

Chris Hohn donates millions of dollars every year through his Children's Investment Fund Foundation. We can get some clues about his favorite hedge funds by looking at the foundation's 990-PF filing. The 990 for 2019 isn't out yet, but the filing for the period ending in December 2018 is. Q2 2020 hedge fund letters, conferences Read More

logo
Publisher: ValueWalk
Date: 2020-08-31T14:16:33 00:00
Twitter: @valuewalk
Reference: (Read more) Visit Source



This may worth something:

Interview: Eric Friedberg, Co-President, Stroz Friedberg - Infosecurity Magazine

Could a lack of investment in cybersecurity in 2020 due to overall company budget cuts see a company go backwards in its security capabilities? We often see companies spend what is necessary to improve maturity and lessen the success of a future attack, but is that enough to keep security at an acceptable level?

Speaking to Infosecurity , Eric Friedberg, co-President of Stroz Friedberg , cited research he had conducted with CISOs on issues around cybersecurity. This had helped him establish the point that CISOs understand that an uptick in cybercrime in 2020 means that it’s dangerous to go backwards on security by failing to have enough budget for security investment.

Publisher: Infosecurity Magazine
Date: 2020-08-31T14:30:00
Author: Dan Raywood
Twitter: @InfosecurityMag
Reference: (Read more) Visit Source



If You Really Care About Equity And Inclusion, Stop Cutting Your Diversity Budget

One of the clearest indications of a lack of commitment to DEI is the absence of funding designated ... [+] for DEI efforts

2.     You get what you pay for . The world is full of bargain brands and cost-efficient deals on higher priced items. In some cases, spending less money does not compromise the value of the product or service you are getting. DEI is not one of those cases. In terms of services for your organization, if you are seeking the cheapest option or even free options for your corporate DEI efforts, the saying may be true that you get what you pay for.

logo
Publisher: Forbes
Date: 2020-08-30
Author: Janice Gassam Asare
Twitter: @forbes
Reference: (Read more) Visit Source



Smart Marketing Strategies for B2C E-Commerce - business.com

As more consumers shop online, many companies are pivoting their marketing strategies to focus on digital channels. But smart marketing now requires more than simply reallocating resources for e-commerce. Messages that worked last year may strike the wrong tone with consumers who are navigating health, social and economic uncertainty now.

To add to the challenges, consumers' customer experience expectations are rising for online shopping. At the same time, changing consumer behavior is confusing fraud-control algorithms, which increases the risk that customers will have a bad experience at checkout. And in many cases, digital experiences are the only way for brands to interact with their customers.

logo
Publisher: business.com
Twitter: @businessdotcom
Reference: (Read more) Visit Source



And here's another article:

RCSD board debates purchasing with budget hole

A seemingly innocent proposal last week regarding a bulk purchase of graphing calculators turned into a illuminating exploration of the Rochester City School District's evolving approach to fiscal controls.

The school board on Thursday was presented with a resolution to extend the district's calculator contract with a Maryland company called Scantex Business Systems. The district earlier chose Scantex through a competitive bid process and was looking to extend the contract through the current school year to buy the calculators that students need in advanced math and science classes.

Publisher: Democrat and Chronicle
Author: Justin Murphy
Reference: (Read more) Visit Source



Web Analytics Market 2020 Business Scenario – Adobe Systems, At Internet, Google, IBM,

Home / Web Analytics Market 2020 Business Scenario – Adobe Systems, At Internet, Google, IBM, Microstrategy, SAS, Splunk, Tableau Software, Teradata, Webtrends

JCMR recently Announced Web Analytics study with 200+ market data Tables and Figures spread through Pages and easy to understand detailed TOC on “Global Web Analytics Market. Global Web Analytics Market allows you to get different methods for maximizing your profit. The research study provides estimates for Web Analytics Forecast till 2028*.

Reference: (Read more) Visit Source



Georgetown accepts rules for pot facilities, $5.2 million town budget - Portland Press Herald

GEORGETOWN — Georgetown residents voted to approve an ordinance allowing recreational marijuana manufacturing, testing and cultivation facilities during Sunday's annual town meeting. However, recreational marijuana retail sales will have to wait.

* * *

The new ordinance allows recreational marijuana manufacturing, testing and cultivation facilities to open anywhere in Georgetown, but any facility must be at least 1,000 feet away from Georgetown Central School.

Publisher: Press Herald
Date: 2020-08-31T21:15:34 00:00
Twitter: @pressherald
Reference: (Read more) Visit Source



Business rent-aid program to fall well short of budget, PBO projects - Todayville Edmonton
logo
Publisher: Todayville Edmonton
Date: 2020-08-31T13:37:51 00:00
Author: The Canadian Press
Reference: (Read more) Visit Source



Happening on Twitter

New Jersey Mayor Bills Teen Protest Organizer for Police Overtime Pay – Reason.com

But the city apparently decided that this event required extra policing—and that Gils should have to pay for the service. The bill she received from city Mayor Mario Kranjac said the fee for was for police overtime pay required because of Gils' 90-minute front-yard protest.

* * *

Mayor Kranjac told WLNY the bill was not politically motivated but normal protocol: Englewood Cliffs residents must effectively pay for the right to protest—even on private property—due to a law that requires all protests to receive special police attention and requires citizens to pay for this special protest "protection" and monitoring.

logo
Publisher: Reason.com
Date: 2020-08-31T13:40:07 00:00
Twitter: @reason
Reference: (Read more) Visit Source



Not to change the topic here:

NJ Mayor Bills Teen Who Organized BLM Protest for Police Overtime Pay

The protest necessitated security details that the town's Mayor, Mario M. Kranjac (R), said needed to be sussed out before the protest took place. Gil was reportedly supposed to meet with town officials in person, but didn't do so due to COVID-19 fears. She requested a Zoom meeting instead, but says that she never received a response from the town.

The protest went ahead, and Englewood Cliffs then had to pay for overtime of officers to help keep the peace for the event.

Publisher: Distractify
Date: 2020-08-30T17:53:54.219Z
Author: mustafa
Twitter: @distractify
Reference: (Read more) Visit Source



Businesses Have Leeway on Delivery Driver Expenses, DOL Says
Twitter: @BloombergLaw
Reference: (Read more) Visit Source



5th Cir. Weighs What Federal Wage Suits Need to Avoid Dismissal
Twitter: @BloombergLaw
Reference: (Read more) Visit Source



Were you following this:

Pandemic adds to staffing crisis, forced overtime in Maine jails - CentralMaine.com

David Skibitsky poses for a portrait outside his home in Waterboro on Aug. 7. Skibitsky was a corrections officer at the Cumberland County Jail, but quit after 16 years because of too much forced overtime and other workplace grievances. Brianna Soukup/Staff Photographer

* * *

He was working the second shift as an intake officer at the Cumberland County Jail, booking people who come in between 3 p.m. and 11 p.m. The night before, the jail didn’t have enough staff for the third shift, so his supervisors said he needed to stay until 7 a.m. He was exhausted when he got home to Waterboro that morning, but he barely slept before he needed to return to the jail that afternoon.

logo
Publisher: Kennebec Journal and Morning Sentinel
Date: 2020-08-31T08:00:04 00:00
Author: https www facebook com Megan Doyle PPH 150904228677069 fref ts
Reference: (Read more) Visit Source



Louisville GE Appliances workers undertake strike authorization vote

Seeking higher pay and lower health insurance fees, local GE Appliances union workers had a chance to make their feelings known on Monday with a strike authorization vote.

Voting started at 5 a.m. and will last through 6 p.m. at the IUE-CWA Local 83761 union hall at 5153 Poplar Level Road. Those taking part in the vote will go through a drive-thru, amid coronavirus concerns, and will answer verbally whether or not they would support a strike, according to a public letter from local union president Dino Driskell . Voters will need to present an ID or badge.

Publisher: The Courier-Journal
Author: GE Appliances workers head to polls for strike authorization vote
Reference: (Read more) Visit Source



Hit-and-run at the mouth of Kern River Canyon leaves at least 1 injured | KBAK
Publisher: KBAK
Date: 2020-08-30T14:46:01 00:00
Author: Eyewitness News Staff
Twitter: @http://twitter.com/bakersfieldnow
Reference: (Read more) Visit Source



Labor Dept. Offers Overtime Guidance to Employers With Remote Workers

The U.S. Labor Department is reminding employers that they must make a reasonable effort to keep track of all hours worked by non-exempt employees — even those working varied hours from home due to the COVID-19 pandemic.

The department’s Wage and Hour Division on Monday issued a bulletin offering guidance regarding employer’s obligations under the Fair Labor Standards Act. The Bureau said it is hoping to clear up any confusion because of the large number of workers who are now telecommuting.

logo
Publisher: Claims Journal
Date: 2020-08-28T05:00:09 00:00
Twitter: @cjournal
Reference: (Read more) Visit Source



Happening on Twitter

WEEKEND INSIGHTS: Small Business 401(k)s and Carried Interest

Twitter: @tax
Reference: (Read more) Visit Source



In case you are keeping track:

Cryptocurrency Earned From Carrying Out Microtasks Is Taxable, Says IRS Memo

Cryptocurrency earned from carrying out small tasks valued as low as $1 is taxable, the U.S. Internal Revenue Service (IRS) said in a memo Friday.

Date: A9862C0E6E1BE95BCE0BF3D0298FD58B
Twitter: @YahooFinance
Reference: (Read more) Visit Source



Nags Head Planning Board recommends hotel and fill regulation changes - The Coastland Times | The

Nags Head Planning Board members at their August 18 meeting voted to recommend approval of two unrelated action items.

The first issue focused on legacy structures, those establishments or locations with a nostalgic or historical part of Nags Head’s past.

When Nags Head updated its Unified Development Ordinance – the regulations covering land use and zoning – hotels were removed as a permitted use in the oceanfront district north of Whalebone. While the change was not intended to eliminate hotels and instead recognize a need to adapt to an increased intensity of storm events and flooding potential, it did make them non-conforming structure. A move that limited what modifications would be allowed.

logo
Publisher: The Coastland Times
Date: 2020-08-31T02:41:10-04:00
Twitter: @coastlandtimes
Reference: (Read more) Visit Source



Clough Global Equity Fund Section 19(a) Notice

DENVER , Aug. 31, 2020 /PRNewswire/ -- On August 31, 2020 , the Clough Global Equity Fund (NYSE MKT: GLQ) (the "Fund"), a closed-end fund, paid a monthly distribution on its common stock of $0.1104 per share to shareholders of record at the close of business on August 21, 2020 .

The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted thereunder.

Date: A9862C0E6E1BE95BCE0BF3D0298FD58B
Twitter: @YahooFinance
Reference: (Read more) Visit Source



Were you following this:

INSIGHT: Paycheck Protection Program Forgiveness Uncertainty Stymies Deal-Making
Twitter: @tax
Reference: (Read more) Visit Source



IRS Issues Proposed Regulations Intended to Clarify Carried Interest Rules - Lexology

The Internal Revenue Service (IRS) recently issued proposed regulations under section 1061, a provision enacted as part of the Tax Cuts and Jobs Act of 2017 (TCJA) that recharacterizes certain net long-term capital gain with respect to “applicable partnership interests” as short-term capital gain (Note: All references to “section” are to the Internal Revenue Code of 1986, as amended (the “Code”), unless otherwise indicated).

* * *

An API is any interest in a partnership which, directly or indirectly, is transferred to (or is held by) a taxpayer (an “API Holder”) in connection with the performance of substantial services by that taxpayer, or any other related person, in any applicable trade or business (ATB).

Reference: (Read more) Visit Source



Trump's push to defer payroll taxes could lead to smaller paychecks for workers in early 2021,

Millions of workers could see smaller paychecks in the first few months of 2021 after the Treasury Department on Friday told employers they would be on the hook for the payroll taxes deferred under President Trump's recent order.

The new guidance paints a sharply different picture from what White House officials have said for several weeks in response to Trump's directive, which set in motion a plan to defer payroll taxes starting in September through the end of the year.

Publisher: Washington Post
Date: 2020-08-29T16:10:20.145Z
Twitter: @WashingtonPost
Reference: (Read more) Visit Source



Partnership Tax: The Future Of The Proposed Carried Interest Regulations

In this episode of  Willis Weighs In , Benjamin M. Willis,  Tax Notes Federal  contributing editor, discusses carried interests with partnership tax expert Monte A. Jackel. Monte and Ben speculate on what the new regulations are expected to look like and provide their opinions on potential IRS overreaches likely to be overturned if potentially tenuous arguments are brought to court. 

Section 1061 was enacted as part of the Tax Cuts and Jobs Act to scale back the tax benefits obtained on carried interests provided for services to fund managers of large private equity funds: long-term capital gain rates as low as 15 to 20 percent. Under section 1061, future partnership profits afforded through applicable partnership interests are subject to a three-year holding period if the taxpayer provides substantial services for an applicable trade or business.

logo
Publisher: Forbes
Date: 2020-08-07
Author: Benjamin Willis
Twitter: @forbes
Reference: (Read more) Visit Source



Sunday, August 30, 2020

'NYT' Reporter Discusses Economic Influence In 2020 Election : NPR

NPR's Michel Martin speaks with New York Times economics reporter Jim Tankersley about the role the economy is playing in the 2020 election and his new book, The Riches of This Land .

* * *

We're going to shift our attention to the economy now. It's a central message from each candidate ahead of the election. That's because the economy is still reeling from the coronavirus pandemic and efforts to control it. With double-digit unemployment and a slow economic recovery, it's clear this will be one of the major lines on which this election will be fought. And that got us thinking about how each party is making their case for how to fix it.

logo
Publisher: NPR.org
Date: 2020-08-30
Twitter: @NPR
Reference: (Read more) Visit Source



In case you are keeping track:

Rethinking The Brick Switch: The upside telework economics of COVID-19 | Townnews |

An office building is a sort of "brick switch,'' a concentration and routing point for human knowledge and ideas. Imagine it as a telephone central office where phone customers have to go in person to complete calls face to face.

Before the late 1800s, the brick switch was the only known way to integrate an enterprise. Except for mail, we had no contact beyond the reach of our voices. There was data communication of sorts (the telegraph) but the "brick switch" brought most of us together.

Publisher: Statesville.com
Date: 2020-08-30T08:00:00-0400
Twitter: @Statesville
Reference: (Read more) Visit Source



Mayors Of College Towns Brace For The Economic Impact Of Remote Learning : NPR

The University of Alabama in Tuscaloosa makes up a sizeable portion of the city's population of roughly 100,000. Mayor Walt Maddox says losing an entire semester of school would be "economically disastrous for our community." Wesley Hitt/Getty Images hide caption

Across the country, colleges and universities are struggling to decide how to teach students in the midst of the COVID-19 pandemic. Some schools have turned to remote learning; some have attempted to reopen campus with various precautions in place. Others are trying a mix of both.

logo
Publisher: NPR.org
Date: 2020-08-30
Twitter: @NPR
Reference: (Read more) Visit Source



China's slower factory growth eclipsed by robust services in boost to economic recovery |

BEIJING (Reuters) - China's factory activity grew at a slower pace in August as floods across southwestern China disrupts production, but the services sector expanded at a solid rate in a boost to the economy as it continues to recover from the coronavirus shock.

The world's second-biggest economy has largely managed to bounce back from the health crisis, though intensifying Sino-U.S. tensions over a range of issues and the global demand outlook remain a risk factor.

Publisher: 1450 99.7 WHTC
Author: Midwest Communications Inc
Twitter: @1450whtc
Reference: (Read more) Visit Source



And here's another article:

Consumer spending up in July | Economics | oanow.com

WASHINGTON — U.S. consumers increased their spending by 1.9% last month, a dose of support for an economy struggling to emerge from the grip of a pandemic that has held back a recovery and kept roughly 27 million people jobless.

The July gain marked the third straight monthly increase in consumer spending, the primary driver of the U.S. economy, but represented a slowdown from the previous two months. Friday's report from the Commerce Department also showed that income rose 0.4% in July after two months of declines.

Publisher: OANow.com
Date: 2020-08-30T07:00:00-0500
Author: MARTIN CRUTSINGER The Associated Press
Twitter: @oanow
Reference: (Read more) Visit Source



Opinion: Trillions in coronavirus spending is putting AOC’s favorite economic theory to the

French philosopher Voltaire famously quipped : "If God did not exist, it would be necessary to invent him." Something similar can be said of modern monetary theory, also known as MMT, because it may be the economy's only hope to get through the pandemic.

I'm currently working on a book chapter that examines various economic theories about government debt, including MMT. I believe this theory is now being put to the test as the U.S. and other countries spend unprecedented amounts of money to aid companies, workers and their citizens during the coronavirus pandemic.

Publisher: The Colorado Sun
Twitter: @coloradosun
Reference: (Read more) Visit Source



Turkey Likely Spared Worst of Economic Damage Inflicted by Coronavirus - Bloomberg

Turkey probably contained the damage from the coronavirus pandemic last quarter with a campaign of stimulus that came at the cost of destabilizing the lira.

The $750 billion economy likely fared better than many of its peers, thanks in part to a combination of interest-rate cuts, fiscal spending and a government-sponsored credit push. Data on Monday will show gross domestic product shrank 10.7% from a year earlier, according to the median of 17 forecasts in a Bloomberg survey.

logo
Publisher: Bloomberg.com
Date: 2020-08-30T21:00:00.008Z
Author: Cagan Koc
Twitter: @markets
Reference: (Read more) Visit Source



Three new members named to Grand Forks Region Economic Development Corporation | Grand Forks
Publisher: Grand Forks Herald
Twitter: @Grand Forks Herald
Reference: (Read more) Visit Source



Happening on Twitter

How To Get Tax Free Retirement Income In 2020

As a Certified Financial Planner, my job is to help people work toward reaching financial independence and a happier, healthier, and wealthier retirement. The larger your tax burden in retirement, the more retirement income-producing assets (cash, investments, real estate, 401(k), Cash Balance Pension Plans, etc.) you will need to have saved to fund your retirement. Marriage can make the tax benefits of these accounts even more valuable. You may have heard of the marriage penalty.

For example, if you are retired a retired couple and make more than $45,360, combined, 85% of your Social Security is taxable. With this in mind, it can be advantageous to plan ahead for where your retirement assets will be held and how you will take withdrawals to help minimize the tax bite throughout your retirement years.

logo
Publisher: Forbes
Date: 2020-08-30
Author: David Rae
Twitter: @forbes
Reference: (Read more) Visit Source



Quite a lot has been going on:

White House Wants Companies to Foot Payroll Tax Bill for Workers - The New York Times

WASHINGTON — A debate between the White House and the Treasury Department over President Trump's payroll tax suspension has delayed crucial information about how the executive order will be carried out, according to people familiar with the matter, leaving businesses across the country uncertain about how to proceed.

The delay in releasing guidelines about the tax suspension comes amid broad business backlash to the idea, which was announced by Mr. Trump this month after talks with Congress over another economic relief bill stalled. The executive order aims to stimulate the economy by allowing companies to stop withholding payroll taxes until the end of the year, putting more money in workers' pockets.

Date: 2020-08-27T20:59:38.000Z
Reference: (Read more) Visit Source



Here's what the payroll tax deferral action means for you - CNN
Publisher: CNN
Date: 2020-08-29T18:58:28Z
Author: Shannon Liao CNN Business
Reference: (Read more) Visit Source



UK's Sunak considers sweeping tax hikes to plug COVID-19 hole, newspapers say -

LONDON (Reuters) - British finance minister Rishi Sunak is considering a sweeping set of tax increases to help fix the huge hole in the public finances left by the coronavirus pandemic, two newspapers said.

Tax hikes suggested by Treasury officials could raise an extra 20-30 billion pounds a year, the Telegraph and the Sunday Times reported, and some of them could be announced in an autumn budget statement by Sunak.

However, officials working for Prime Minister Boris Johnson are fiercely opposed to a major tax raid on wealthier voters and want to consider spending cuts instead, the Telegraph said.

Publisher: U.S.
Date: 2020-08-30T10:34:29 0000
Author: Reuters Editorial
Twitter: @Reuters
Reference: (Read more) Visit Source



In case you are keeping track:

Cook County property owners delay paying $1.8 billion in taxes

More than 33% of the property taxes owed by commercial property owners throughout Cook County have yet to be paid as property owners struggle to retain or find tenants during the COVID-19 pandemic. Daily Herald FILE PHOTO/September 2010

* * *

Cook County's two-month reprieve from delinquent property tax penalties has resulted in delayed payment of almost $1.8 billion.

Nearly 25% of the property taxes owed in the second installment bills that were originally due Aug. 3 have yet to be paid, according to Cook County Treasurer Maria Pappas' office. More than $1.1 billion still owed is from commercial property owners in the county.

Publisher: Daily Herald
Date: 2020-08-29
Twitter: @dailyherald
Reference: (Read more) Visit Source



Bloomberg - Are you a robot?
Reference: (Read more) Visit Source



Guest Commentary | Add a Link to chain of power, corruption, taxes in Illinois | Guest Commentary

On Aug. 13, Illinois saw the indictment hammer fall on a powerful lawmaker for the fourth time since federal investigators began raiding government offices last year.

The proposal would raise taxes not just on Illinois taxpayers, but also on over 100,000 of the state's small businesses that create most of the state's jobs and have been battered by a pandemic-induced recession. Pritzker, too, is under federal investigation after admitting he dodged his own property taxes.

Publisher: The News-Gazette
Author: Vincent Caruso
Twitter: @news_gazette
Reference: (Read more) Visit Source



Sen. Kim Ward: Now is not time for more taxes on electric, gas consumers | TribLIVE.com

The Pennsylvania General Assembly has attempted to restrain — by legislation and , when that failed, by litigation — some of the governor’s most intrusive policies, but we have been rebuffed by gubernatorial vetoes and a lack of Democratic support to override, and most recently, by the Democratic-controlled Pennsylvania Supreme Court.

In the midst of this economic crisis, Pennsylvanians question their ability to make their next housing or electric bill payment, or to fill up their car’s gas tanks. And yet Wolf is pushing forward with a scheme to impose over the next 10 years a $2.4 billion tax on electric generation, and considering a $12 billion tax on gasoline — again, without any legislative authority or input.

Publisher: TribLIVE.com
Date: 2020-08-29T19:00:00-04:00
Twitter: @triblive
Reference: (Read more) Visit Source



Happening on Twitter

Wayne County Commissioners Pass 2025 Budget

More detai...