Cap for school spending preventing property tax hikes advances in New Hampshire
Cities and towns could cap school spending to prevent local property tax hikes under a proposal being advanced by New Hampshire lawmakers.
Paul Dame: The truth about tax relief
Democrats who were unwilling to give so much money back to Vermonters completely removed the tax relief for nurses and veterans, drastically cut the caps for relief on social security, and put everything into child tax credits in bill H.510.
McClaughry: The $48 million child tax credit game
Arguments can be made for reducing the tax burden on some families with children, but this joint statement gets an A for partisan self-congratulation, and an F for telling voters and taxpayers the whole truth.
Vermont child tax credit bill passes House, advances to Senate
The legislation, sponsored by state Rep. Janet Ancel, D-Calais, would create a refundable child tax credit of $1,200 for children age 6 and under. As proposed, half of the credit would be paid out to Vermonters in monthly payments, and the other half would be paid when an income tax return is filed.
Rep. Pattie McCoy: Democrats’ plan targeted to the wrong population, would be a complete failure
Instead of passing a series of wide-ranging tax cuts for our most vulnerable friends and neighbors, Vermont Democrats want to send checks to even those in the top 5%.
Policy group: Massachusetts millionaires tax proposal ‘is a tax on business’
A higher tax on Massachusetts residents with incomes above $1 million could hurt small businesses and cause some businesses to flee the state. The proposed 4% millionaires tax would be calculated based on all wages and salaries, including all cash through income from LLCs and partnerships, and subchapter S corporations.
Vermont considers new ways to make New Hampshire even more desirable
If the math works, why pay the tax in Vermont when you can hop the border and save some cash? New Hampshire businesses will build then near the border to make it as easy as possible.
Vermont senators ponder sales tax on services
Vermont’s 6% sales tax compares terribly with New Hampshire’s 0% nonexistent sales tax. And a similar story for the income tax. The temptation to move over the border and pay no state income tax or sales tax should always loom large in legislators’ minds.
Vermont House committee reviewing tax relief bill
State Rep. William Canfield, R-Fair Haven, is the sponsor of H.527, legislation that could result in changes to Vermont tax policy with credits for things such as child care and dependents, student loans and workers in industries with labor shortages.
Video: Can government be funded without taxes?
“Generally Irritable” host Ericka Redic interviews Vermont Senate candidate Paul Vallerand to discuss if government would be funded better with trusts and endowments instead of taxes. Universities and nonprofits do it, so why not the government?
Roper: Here comes the gas-powered car tax
The House Transportation Committee is about to take up H.552 which would, among other things, impose new taxes (or fines, depending upon how you look at it) on vehicles that get less than 24 miles per gallon of gasoline or diesel.
McClaughry: Who pays federal income taxes?
Sen. Bernie Sanders has made a career out of claiming that rich people aren’t paying their fair share of income taxes. But I don’t ever recall Bernie actually citing federal income tax data to back up his charges.