Stories tagged: tax cuts
Sun., July 22, 2018
A few months ago, I cautioned that Americans should be patient before deciding what effect President Donald Trump’s tax cuts have had on the economy. It takes a while for …
UPDATED: Mon., April 9, 2018, 9:38 p.m.
The combined effect of President Donald Trump’s tax cuts and last month’s budget-busting spending bill is sending the government’s budget deficit toward the $1 trillion mark next year, according to …
Sun., March 11, 2018
Eight days after a stunned Idaho Secretary of State Lawerence Denney said lawmakers had “gutted” his budget, the Joint Finance-Appropriations Committee did a re-do, and relented on providing $1.2 million …
UPDATED: Fri., March 2, 2018, 3:14 p.m.
Trillion-dollar budget deficits are returning next year, and $2 trillion-plus deficits are not far off in the wake of President Donald Trump’s tax cuts and last month’s big budget deal, …
UPDATED: Thu., March 1, 2018, 9:36 p.m.
The Idaho Senate approved a $200 million income tax-cut bill Thursday on a 26-9 vote, sending the House-passed measure to the governor’s desk.
UPDATED: Wed., Feb. 21, 2018, 9:19 p.m.
Senators split 5-4 late Wednesday, narrowly passing a $200 million income tax cut that earlier sailed through the House on a party-line vote.
UPDATED: Tue., Feb. 20, 2018, 12:54 p.m.
An Idaho House panel on Monday killed the Senate tax chairman’s alternative tax-cut bill; it drew only one “yes” vote in the House tax committee.
UPDATED: Sat., Feb. 17, 2018, 4:14 p.m.
Two alternative tax-cut plans – competing with Gov. Butch Otter’s big income tax-cut proposal, which already has passed the House – were introduced in the Idaho Legislature last week, and …
UPDATED: Wed., Feb. 7, 2018, 9:33 p.m.
The Idaho House voted along party lines in favor of a $200 million-plus income tax cut on Wednesday, after more than an hour of heated debate.
Tue., Feb. 6, 2018
Now we’re firmly in the selling phase of the Republican tax plan, and President Donald Trump’s constant refrain is that the cuts are “the biggest in history.” History doesn’t quite …
UPDATED: Thu., Feb. 8, 2018, 9:56 a.m.
A $200 million income tax-cut bill cleared the Idaho House tax committee on Monday on a straight party-line vote, with all GOP members backing it and just the panel’s two …
Sun., Feb. 4, 2018
Idaho Secretary of State Lawerence Denney is asking for a budget increase next year of more than 70 percent, with most of the increase coming in a major upgrade to …
Thu., Feb. 1, 2018, 11:32 a.m.
Home improvement chain Lowe’s Cos. says it’s handing out bonuses of up to $1,000 for its more than 260,000 hourly employees, as it becomes the latest major employer to invest …
UPDATED: Wed., Jan. 31, 2018, 5:22 p.m.
Idaho Gov. Butch Otter has signed the first bill of the year into law – the unemployment insurance tax cut for Idaho employers.
Thu., Jan. 25, 2018, 6 a.m.
The new federal tax cuts should add a jolt to the state’s economy, a new revenue forecast says. Not a huge jolt. Not a marijuana-sized jolt.
Sun., Jan. 21, 2018
The legislative interim committee charged with re-examining truck registration fees in Idaho met again last week, after learning that its Nov. 9
UPDATED: Tue., Jan. 16, 2018, 9:50 p.m.
The Idaho House has voted unanimously – 69-0 – in favor of legislation to cut unemployment insurance taxes for Idaho employers by $115 million over the next three years; the …
Sat., Jan. 13, 2018, 10:33 a.m.
President Donald Trump often brags that he’s done more in his first year in office than any other president. That’s a spectacular stretch.
Fri., Jan. 12, 2018, 8:17 a.m.
Public utility regulators from Oklahoma to Massachusetts are considering lowering the rates consumers pay for electricity and natural gas after a federal tax overhaul reduced the corporate income tax rate …
UPDATED: Thu., Jan. 11, 2018, 9:09 p.m.
The first bill of this year’s Idaho legislative session is a tax cut for Idaho employers that was proposed and widely supported last year, but got killed in the cross-fire …
Sat., Jan. 6, 2018, 11:07 a.m.
The Dow Jones industrial average surged past 25,000 Thursday, a strong signal of investor enthusiasm for President Donald Trump’s $1.5 trillion tax cut. The milestone comes less than a year …
Fri., Jan. 5, 2018, 8:51 a.m.
U.S. employers added 148,000 jobs in December, a modest gain but still enough to suggest that the economy entered the new year with solid momentum.
UPDATED: Wed., Dec. 27, 2017, 9:25 p.m.
Montana regulators want to make sure utility customers benefit from the recently passed tax overhaul that reduces corporate tax rates starting next year.
Fri., Dec. 22, 2017
A country’s annual budget is often described as a moral document, defining the nation’s values. Its tax system codifies its fairness. Who pays into the system, and who reaps the …
Thu., Dec. 21, 2017, 8:04 p.m.
Idaho health care and home products company Melaleuca Inc. announced Thursday that it will be the latest major business to give its workers bonuses in response to President Donald Trump’s …
UPDATED: Sun., Dec. 10, 2017, 9:41 p.m.
President Donald Trump sought Sunday to gloss over the difficult work ahead for lawmakers laboring to finalize tax cut legislation he can sign by his self-imposed Christmas deadline.
Sun., Dec. 10, 2017
When Idaho GOP Rep. Raul Labrador, speaking via video, was asked to address tax policy last week at the Associated Taxpayers of Idaho annual conference, he said Idaho’s government “needs …
Sun., Dec. 10, 2017
It’s going to take both tax increases and spending cuts to rein in the debt. All programs must be on the table. As the Gang of Six acknowledged in 2011, …
UPDATED: Wed., Dec. 6, 2017, 5:33 p.m.
Idaho Gov. Butch Otter drew a line in the sand Wednesday, warning that he’s still firmly opposed to removing Idaho’s 6 percent sales tax from groceries.
UPDATED: Tue., Dec. 5, 2017, 3:28 a.m.
Idaho Rep. Raul Labrador’s tax-cut plan would cost Idaho’s state treasury roughly $900 million a year if he were elected governor.