Tabi Marsh has faced plenty of challenges running her cafe and gift shop, but the next few months could prove the last straw.
In 2015 she had just installed a state-of-the-art coffee machine, and bought in stock of toys, candles and other little home luxuries, when the chip shop next door caught fire, the blaze spread, and everything was ruined.
She spent four years battling with insurance companies and rebuilding the business. Then came the pandemic with its stop-start measures and collapse in revenues.
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Denbury Reports 2020 Fourth Quarter and Full-Year Results, Announces 2021 Capital Budget and
Gov. Phil Murphy Unveils N.J. Budget Plan With No New Taxes - The New York Times
It has been five months since New Jersey officials warned of a coronavirus-related financial calamity. The dire outlook contributed to lawmakers' decisions to increase taxes on income over $1 million and to become one of the first states to borrow billions to cover operating costs.
But the doomsday forecast has since brightened considerably, officials said, enabling the Democratic governor, Philip D. Murphy, to unveil a $44.8 billion spending plan on Tuesday that calls for no new taxes, few cuts and tackles head-on a chronic problem — the state's underfunded pension program — for the first time in 25 years.
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Biden's choice for budget director hits US Senate roadblock | Business and Economy News | Al
No matter which party controls the Senate next year, Joe Biden's cabinet picks will face resistance from Republicans.
Minority groups are upset with Biden's picks so far and are pressuring him to add diversity to his team.
The president-elect continues to build his cabinet and White House team as he prepares to take office in January.
New UN ambassador faces diplomatic task turning around US leadership at United Nations after Trump era.
Budget 2021: Sunak faces revolt over planned capital gains tax raid
The Chancellor risks a Tory rebellion if he pushes up capital gains tax threatening investors' incomes, a leading Conservative MP has warned ahead of next week's Budget.
"If you were going to align income tax rates to capital gains tax , I think it would be extremely problematic on Conservative backbenches," said Mel Stride, chairman of the Treasury Select Committee.
Capital gains are taxed at between 10pc and 28pc – lower than the 20pc to 45pc level for income tax.
Pritzker's budget pushes 9 new taxes worth nearly $1 billion
The budget proposal includes no reforms to pensions or other cost drivers, misleadingly labels various business tax increases as 'closing corporate tax loopholes,' and relies on gimmicks that conceal true deficits. And there's a new gas tax.
In the annual governor's budget address on Feb. 17, Gov. J.B. Pritzker presented a $41.6 billion budget for fiscal year 2022 that holds spending flat for education as well as most state operating spending.
Keir Starmer under pressure to back plans for corporation tax rise | Budget 2021 | The Guardian
Keir Starmer is under pressure to back future rises in corporation tax after a backlash when the Labour leader said he would oppose any new tax on business in next week's budget.
Treasury officials are believed to be looking at increasing the tax on company profits from the current rate of 19% to up to 25% as the government tries to recoup some of the massive debts incurred during the pandemic, though the rise may be delayed until later in the parliament.
Happening on Twitter
If one was to review the 2021 Budget, one will understand how little the BJP-led Centre is interested in addressing… https://t.co/YLaNPVoMz4 aitcsudip Thu Feb 25 09:47:09 +0000 2021
This is such a bizarre way to look at things: "Biden's chief of staff at center of controversy over White House bud… https://t.co/mjBczMydQw froomkin (from Washington, DC) Thu Feb 25 19:19:20 +0000 2021
During the pandemic big corporations like Amazon have cashed in while working people struggle to get by. Labour m… https://t.co/c6Qvf3wHkl PeoplesMomentum (from United Kingdom) Thu Feb 25 09:50:27 +0000 2021
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