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Property taxes have been a focus of the Idaho Legislative Leadership this session. What is needed is meaningful tax reform that rebalances our broken system.
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 companies to make investment decisions, more time for those decisions to be implemented and even more time for the resulting changes in labor demand to bid up workers’ wages. It therefore takes months or even years before the full impact of the tax bill will be known. But it’s also important to evaluate policies like Trump’s tax reform as quickly as possible. Not only is this critical for deciding whether to change course, but as more time goes on, the effects of a policy can become harder to assess. Two years from now, plenty of other things will have had time to affect the economy, including Trump’s trade war and natural economic forces. And now that the tax cut has been in effect for a half-year, the results are starting to trickle in.
Avista’s Idaho customers could see about $7 in savings on their utility bills from federal tax reform. The utility has asked Idaho regulators to approve decreases in electric and natural gas rates, effective June 1.
A tale of the 1040s: Democratic challenger Lisa Brown and her husband paid more taxes on higher income than Rep. Cathy McMorris Rodgers and her husband.
Last year’s changes to federal tax law mean changes for next year’s tax preparation. Brackets are changing, some things won’t be deductible but the standard deduction is going up.
Avista customers could see a $50 million to $60 million benefit annually from federal tax reform, utility officials said Wednesday. Savings on individual customers’ bills won’t be known until later this year.
House Speaker Paul Ryan, R-Wis., credited the network of billionaire industrialists Charles and David Koch for being “such a critical part of our historic success in 2017,” highlighting its support for the tax code overhaul.
Electric utilities are about to get a big corporate payout from the new tax law passed by Congress. Instead of enriching executives and shareholders, power companies should use that money to support local communities and workers. One community that particularly merits investment for its future is Colstrip, Montana.
State regulators in Washington and Idaho are requiring investor-owned utilities to report anticipated savings from changes in the corporate tax rate. Any savings should be reflected in lower bills for customers, regulators say.
With the recent passage into law of the Republican 2017 tax reform bill, I find myself saddened. In part, my sadness concerns the civic failure of this bill to secure the economic well-being of any but the already comfortably affluent. An even deeper source of my sorrow, however, relates to the spiritual impoverishment of this legislation.
A Spokane bank raised its starting wage to $15 per hour and gave out year-end bonuses in reaction to federal tax reform. INB officials say the raises benefit the community bank’s employees and shareholders.
Following the passage of the GOP’s tax reform bill, individuals could see a slight bump in the take-home pay they see on their paychecks.
Eastern Washington residents peppered Rep. Cathy McMorris Rodgers in a telephone town hall Tuesday with questions about the Republicans’ final tax bill.
The U.S. House voted 227-203 in favor of the GOP tax bill today, and Idaho Reps. Raul Labrador and Mike Simpson both lauded the bill; the Senate is expected to vote later today. “Any time we can allow hard-working Idahoans to keep more of their...
When historians examine President Trump’s tax program, they will surely be struck by a large and momentous contradiction. Although the nation faces endless budget deficits – and although the president purports to speak about the future – his tax program does little or nothing to curb long-term deficits and, arguably, might make them worse. It is said that the tax gap of the Trump-Republican program – the net amount of the tax cut – is somewhere between zero (the administration’s position: the tax cut will pay for itself through stronger economic growth) and $1.5 trillion over a decade (the position of many economists who doubt much of a boost to economic growth).
Republicans rallied to GOP Sen. Bob Corker’s defense Monday, rejecting a report that the Tennessee lawmaker stealthily tucked a provision into the massive tax package to benefit himself financially and then reversed course to back the bill.
The fourth-ranking Republican in the House of Representatives continues her pitch for the tax plan, which she says will put more money in the wallets of Americans. Democrats remain wary, and independent analysis of the plan indicates soaring deficits that could trigger automatic spending cuts if Congress doesn’t act quickly after passing the bill, which is expected this week.
Republicans unveiled a final tax bill last week - The Tax Cuts and Jobs Act - that would significantly cut corporate taxes, while temporarily giving most Americans lower taxes until 2026.
Idaho officials say the federal tax reform bill currently being finalized in Congress likely will have a huge impact on state revenue collections, but they aren't sure yet whether the effect will be positive or negative, the Lewiston Tribune reports. Estimates from various state agencies suggest the tax reform effort could...