Tax cuts

The Council of Economic Advisers said a reduction in revenues from capital gains taxes has played a notable role in the widening deficit.

The would-be Republican candidate is proposed eliminating the state and local tax deduction entirely, among other things.

Republicans on the Ways and Means Committee advanced a series of bills aimed at reducing taxes but also rolling back parts of the IRA.

The North Dakota governor started his career growing accounting software company Great Plains Software into a company that was acquired by Microsoft for $1.1 billion.

The state lost almost 48,000 people by mid-2022 from two years before, spurring concern about long-term economic growth.

Democratic Governor Phil Murphy has promised no new taxes or transit fare hikes, and more funds for low- and middle-income residents' needs.

Florida's governor is pushing for tax cuts and pay increases for state employees in the coming year's budget as revenue surpasses forecasts.

The justices turned away a Missouri appeal that sought to ensure states can cut taxes even as they receive $195 billion in federal pandemic-relief money.

Last year Murphy and the Democratic-led legislature approved a program that provides tax relief checks for homeowners and renters.

The Sixth Circuit prohibited the Treasury from enforcing the tax mandate against Tennessee, though it also held that Kentucky lacked standing in its challenge.