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Tuesday, November 19, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: tax cuts

Charitable giving by individual Americans drops in 2018

Charitable giving by individual Americans in 2018 suffered its biggest drop since the Great Recession of 2008-09, in part because of Republican-backed changes in tax policy, according to the latest …

Noah Smith: Trump’s tax cut hasn’t done anything for workers

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

Analysis: Tax cuts, spending to raise deficit to $1 trillion by 2019

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 …

Eye on Boise: Denney gets a do-over on his budget

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

New analysis sees return of trillion-dollar budget deficits

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

Idaho Senate passes big tax-cut bill, sends to governor

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

Big tax cut bill narrowly squeaks through Idaho Senate tax panel

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

Alternative tax bill killed; Idaho House panel dumps Senate chair’s proposal

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

Eye on Boise: Otter welcomes debate over competing tax-cut bills

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

Idaho House approves big tax-cut bill in party-line vote

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.

Brad Schiller: The biggest tax cuts in history? Let’s double-check that

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

Idaho House panel clears big tax-cut bill on party-line vote

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 …

Eye on Boise: Idaho secretary of state seeks budget boost to upgrade software, transparency

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 …

Lowe’s to hand out bonuses, sweeten benefits amid tax cuts

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

Otter signs first bill, cutting taxes for Idaho employers

Idaho Gov. Butch Otter has signed the first bill of the year into law – the unemployment insurance tax cut for Idaho employers.

Shawn Vestal: If you think tax cuts are unleashing the economy, wait till you see the pot numbers

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.

Eye on Boise: Hemming, hawing, and truck registration fees

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

Idaho House suspends rules to pass unemployment tax cut right away

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 …

Trump on his promises: Yes on tax cuts but where’s the wall?

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.

Utility rates under new scrutiny after U.S. corporate tax cuts

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

Unemployment insurance tax cut bill reintroduced

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 …

Wall Street’s love of tax cuts drove Dow to 25,000 mark

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 …

U.S. employers closed out 2017 with modest but steady hiring

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

Montana regulators ask utilities to account for tax cuts

Montana regulators want to make sure utility customers benefit from the recently passed tax overhaul that reduces corporate tax rates starting next year.

Goodman: Tax bill passes on darkest day

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 …

Idaho company to offer bonuses following tax plan

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

Trump talks tax cuts and budget on golf course with Graham

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.

Eye on Boise: Labrador says Idaho’s government ‘needs to be slashed’

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 …

Editorial: Federal debt shoved to background again

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

Otter sends warning: He still opposes repeal of Idaho’s grocery tax

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.