This legislation will extend the Child Tax Credit to deliver direct monthly payments of up to $300 per child to families. It will guarantee that no family pays over 7 percent of their income for child care. It will provide paid family and medical leave for working people. It will allow everyone to attend community college tuition-free.
Trying to use more gas than you have makes no sense on a road trip. But, replace the gas with money, and you have the U.S. government right now. Think of it this way: Our tax revenue should be enough “gas” to fund the necessary expenses for the government. But, Washington is spending. A lot. More than we ever have.
New Hampshire’s Republican-controlled Legislature pushed through a two-year $13.5 billion budget on Thursday that includes sweeping tax cuts and controversial measures limiting abortions and diverting more taxpayer dollars to school choice programs.
“This is a truly transformational budget that will allow us to recover from the pandemic and address some longstanding challenges, including our workforce shortage and economic inequity that exists from county to county,” said Governor Scott.
Letting the Republican tax reductions of 2017 expire as scheduled in 2025 means that a hundred million of ordinary middle class families will be forced to shoulder an enormous spending burden.
The Legislature adjourned Friday until October or January after passing bills that address several legislative priorities the Vermont Chamber worked to support over the past five months.
Republican lawmakers pushed back Wednesday after the White House unveiled a new $1.8 trillion spending plan that includes free college tuition provisions and up to 12 weeks of paid family leave.
The U.S. national debt is closer to $123 trillion, more than four times what the Treasury Department is reporting, Chicago-based Truth in Accounting calculates in its new annual analysis of the nation’s finances.
“If we can work together — and put the politics and partisan agendas aside — we can pass a budget that revitalizes our economy and truly transforms the future by setting us on a path that supports all Vermonters in every corner of our state.”
State leaders in New York appear to finally be ready to legalize online sports betting, but critics don’t care for the approach of having a likely high tax rate and state government monopoly.
“If we’re cautious, we can solve problems and fund projects that have been stalled for years, improving communities, services, outcomes and state government itself. And we can lay the foundation for an economic resurgence around the state, without having to ask more from taxpayers to do so.”
Education budgets also generally are approved routinely. This is the year that this habit absolutely must change. Vermont’s economy is in dire straits. The local education budgets must be scrutinized and challenged before they are approved.