Tax cuts may be on the horizon for Philadelphians as the city moves toward a pandemic-era budget bolstered by a recent influx of new federal aid.
City Councilmember Allan Domb expects to introduce a legislative package on Thursday designed to cut city wage and business taxes, just as Mayor Jim Kenney prepares to float a budget for the coming fiscal year. Meanwhile, a mayoral spokesperson indicated that Kenney is planning his own package of tax reductions as part of that April 15 proposal.
Biden's Military Budget Is Coming. What It Means for Defense Stocks. | Barron's
President Joe Biden is set to offer his first military budget Friday—and defense-stock investors are on edge. They needn't worry, no matter what happens.
Some details have already leaked. The administration is set to propose $715 billion for the U.S. military for the coming fiscal year, up from roughly $714 billion spent in 2020.
At first glance, that 0.1% increase, well below the 2.7% average annual increase since the end of the Cold War, seems like bad news. Yet even when budget growth stalled out in the 1990s under President Clinton, stocks barely noticed. The aerospace and defense components of the S&P 500 returned roughly 18% a year on average during his presidency, outperforming the market by roughly 1 percentage point a year.
The 2021 Budget - five considerations for UK indies - Televisual
Val Cazalet, partner at media specialist accountants and business advisers Moore Kingston Smith LLP, on five takeouts for UK indies from the recent budget.
Last month, when Chancellor Rishi Sunak unveiled the contents of his much anticipated 'Covid' Budget, the state of play for UK production companies was slightly more complex than usual. From another extension to the furlough scheme to billions of pounds worth of cash injections for the economy, there was a significant amount to get one's head around.
Rink Skates On Thin Budget Ice | New Haven Independent
The clap of hockey sticks and bodies colliding resounded through the Louis Astorino Ice Rink in Hamden Thursday as the facility played host to the Yale Lunchtime Hockey teams.
The town-owned, privately-run ice rink has been a running deficit for at least the past four years.
Exactly how big the deficit is was not publicly known until the 2020 town audit was presented to the Hamden Town Council at a meeting in February. The audit, which was for the 2020 fiscal year, revealed an ice rink deficit of $790,813.
Biden budget would beef up IRS tax enforcement-Yellen
WASHINGTON, April 9 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Friday that the Internal Revenue Service budget would increase by $1.2 billion or 10.4% under President Joe Biden's fiscal 2022 budget request.
Yellen, in a statement, said the $13.2 billion overall IRS budget would include an additional $900 million for tax enforcement in fiscal 2022. The Treasury is seeking to increase revenues by shrinking the "tax gap," the difference between taxes legally owed and those collected. (Reporting by David Lawder)
How to Increase & Justify Your Cyber Security Budget - Security Boulevard
Cyber security is a business issue, not just a technology issue, and it is no longer deemed as a luxurious investment but rather a necessary one.
It's been a long time coming, but companies are finally coming to terms with the seriousness of cyber threats. Cyber attacks are growing in complexity, and their unpredictable nature stimulated by the evolution of technology has prompted companies to significantly boost their cyber security budget.
But still, in the midst of economic turmoil and instability caused by the persistent COVID-19 pandemic, many companies have been forced to cut back on any unnecessary investments. This means CISOs will have to be very persuasive in order to successfully justify their cyber security budget.
Investors Shouldn't Sweat the Defense Budget. Here's Why. | Barron's
President Joe Biden is set to offer his first defense budget Friday, though some details are already out. The number for the military looks to be $715 billion —a lot of money, but a tiny increase compared with the roughly $714 billion spent in 2020.
Slow growth tends to have defense hawks crying for more, while doves argue that the money should be spent elsewhere. The latest number, and the debate, might make defense investors nervous, but they have nothing to cry about.
Six Days Late, Deal Reached on $212 Billion NYS Budget
The New York State Legislature now starts voting on individual lines in the 2021 state budget as Governor Andrew Cuomo and Legislative Leaders came to agreement on a spending plan over six days past the deadline.
The $212-billion deal spends a record amount on school aid and infrastructure upgrades, including expanded broadband, legalizes mobile sports betting and provides a billion dollars in COVID relief for small businesses, arts, entertainment and restaurants.
Raytheon CEO Greg Hayes talks vaccination bonuses, business post-pandemic - Washington Business
Raytheon Technologies Corp. CEO Greg Hayes said Wednesday the company is hoping to vaccinate about 80% of its workforce as part of its return-to-work strategy and is offering employees a financial incentive to do so.
That was among some of the insights defense and aerospace contracting executive offered as part of The Economic Club of Washington, D.C.'s virtual signature event, hosted by The Carlyle Group Inc. co-founder and Executive Chairman David Rubenstein , in addition to his thoughts on the defense budget, consolidation in the contracting market and the divestment of office space following the Covid-19 pandemic.
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