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Trump vows to extend tax cuts to billionaires during high-dollar fundraiser

Former President Donald Trump promised dozens of wealthy donors on Saturday in Palm Beach, Florida, that he would extend his signature tax cuts from his time in office should he win the presidential election. Trump, the presumptive Republican nominee, made the vow to about 117 donors during the private event, which brought in more than […]

Douglas Fraser: Stealth tax hits middle earners with higher bills – BBC.com

image source, Getty Images 6 hours ago Scotland’s income tax system is moving away from the rest of the UK, but the behavior of high earners is constraining further progress. As in other parts of the UK, the big tax dragnet is the freezing of thresholds, with many middle-income earners now secretly stuck with higher […]

Scottish income tax changes come into force – BBC.com

image source, Getty Images 3 hours ago Changes to income tax introduced on Saturday mean Scotland will move further away from the system in the rest of the UK. A new ‘advanced’ band of income tax for those earning over £75,000 has been introduced, along with other changes to tax rates. This means there are […]

Mansion tax only makes Los Angeles housing crisis worse

One of the biggest reasons middle-class families leave California each year is the unaffordable cost of housing. The Democratic Party, which controls Los Angeles, tried to address this problem by passing a “mansion tax” that would fund “affordable housing” projects. But like everything else Democrats do in California, the plan backfired, causing residential building construction […]

Maryland lawmakers finalizing $63B budget with some tax, fee increases

ANNAPOLIS, Md. (AP) — Maryland lawmakers on Friday announced a $63 billion increase that includes increases in taxes and fees to cover transportation and education costs, although not as much as some lawmakers had hoped. The final vote on the dollar state budget bill is underway. The Democratic-led General Assembly largely kept Gov. Wes Moore’s […]

Kansas lawmakers scrap tax cut plan after deal between Dem governor and GOP leaders

A bipartisan group of Kansas rank-and-file lawmakers on Thursday halted a tax cut plan with Republicans defying Republican leaders and Democrats ignoring personal appeals from the state’s Democratic governor. The state Legislature rejected a plan to cut taxes by about $1.4 billion over the next three years. It grew out of an agreement between Gov. […]