Friday, September 10, 2021

Democrats Float Partnership, Buyback Taxes to Fund $3.5 Trillion Spending Plan - WSJ

WASHINGTON—Senate Democrats offered proposals Friday for tighter tax rules on partnerships and an excise tax on stock buybacks, as lawmakers look to plug gaps in their fast-moving, $3.5 trillion healthcare, education and climate legislation .

Finance Committee Chairman Ron Wyden of Oregon detailed possible changes to partnership taxation that could raise more than $172 billion over a decade. Sen. Sherrod Brown (D., Ohio), along with Mr.

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Publisher: WSJ
Date: 2021-09-10T17:37:00.000Z
Author: Richard Rubin
Twitter: @WSJ
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Ineffective Leadership in Chicago, Uncertainty of Cook County Property Taxes Are Risk Factors to

On a scale of 1 to 5 — with 5 being the most troubling — the top concern was the effectiveness of city leaders, which clocked in at 4.33.

Even so, their outlook is a bit better this year than last, with 36 percent saying they are "bullish" on Chicago property, up from 22.6 percent a year ago. And they are nearly ecstatic about the possibilities of 2022, with 71.4 percent saying they are optimistic.

Publisher: The Real Deal Chicago
Date: 2021-09-10T14:00:10 00:00
Author: By Connie Kim
Twitter: @trdchicago
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Texas Is Underfunding Unemployment To Keep Business Taxes Low.

The state was slammed with two years worth of unemployment claims in the first two months of the COVID-19 pandemic. The surge quickly drained the state's Unemployment Insurance Trust Fund.

The federal government bailed out Texas and 22 other states. The feds footed some amount of the bill for out-of-work Texans in 10 of the past 18 months, at a cost of $7 billion.

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Publisher: Houston Public Media
Date: 2021-09-10T12:08:31-05:00
Author: https www houstonpublicmedia org articles author paulflahive
Twitter: @houstonpubmedia
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Canadian Liberals' promised hike in bank taxes could lead to job cuts, higher borrowing

A combination photo shows Canadian banks RBC, CIBC, BMO, TD and Scotiabank in Toronto, Ontario, Canada on March 16, 2017. REUTERS/Chris Helgren

TORONTO, Sept 10 (Reuters) - A campaign pledge by Canada's ruling Liberals to raise corporate taxes on banks to help pay for pandemic relief could lead to job cuts and higher borrowing costs as the lenders take steps to protect their profits, investors and political analysts said.

Publisher: Reuters
Date: 2021-09-10T11:33:06Z
Author: Nichola Saminather
Twitter: @Reuters
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Virginia car taxes going up: why your car is worth more in 2021 | wusa9.com

ALEXANDRIA, Va. — Every year Virginians get a bill for their personal property taxes: a lump sum payment of tax on any cars, trucks, boats or other modes of personal transportation you own. 

"I am trying to understand how a car purchased before the pandemic is affected by the used car shortage and in increase in property tax. Please verify if they can do this," Charlene asked. Let's verify.

Publisher: wusa9.com
Date: 5:46 PM EDT September 10 2021
Twitter: @WUSA9
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High pension costs hit homeowners through property taxes, report finds | www.cities929.com

(The Center Square) – Over the last 20 years, Illinoisans have seen a 65% increase in residential property taxes, giving the state one of the nation’s highest tax burdens.

The state of Illinois has the 6th highest property taxes in the nation and that number is climbing due to the large number of underfunded pensions the state and local governments have.

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Publisher: www.cities929.com
Author: Andrew Hensel The Center Square
Twitter: @TomDavis929
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Coral Springs Taxes: Residents Would Pay More Next Year, Just Not As Much As Previously Proposed
Publisher: TAPinto
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County to forgive $800K in taxes | TheLancasterNews.com

The Lancaster News is your source for local news, sports, events, and information in Lancaster County and Lancaster, South Carolina, and the surrounding area..

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On The Money — The Democratic divide on taxes | TheHill

Today's Big Deal: Dueling tax plans among House and Senate Democrats. We'll also look at another debt default projection and the battle of Bernie and Joe.

But BPC experts warned that a potential slowdown and deepening uncertainty driven by rising COVID-19 cases could shift that window sooner, bringing the U.S. closer to an unprecedented default on the national debt.

Publisher: TheHill
Date: 2021-09-10T16:56:13-04:00
Author: Sylvan Lane
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