New York City's Mayor, Zohran Mamdani, has put forward a plan to raise taxes on the wealthy. He wants to add a 2% tax on those earning over a million dollars each year. This idea is part of his campaign promises. He also wants to increase the corporate tax rate. During a recent budget hearing, Mamd
The UK's finance minister, Rachel Reeves, recently shared a grim view of the economy, even though she had access to forecasts that suggested a brighter outlook for public finances. This discrepancy was highlighted in a letter from the Office for Budget Responsibility (OBR), released on a Friday. In
The UK's finance minister, Rachel Reeves, recently shared a budget plan that includes several tax changes. These changes aim to bring in more money for the government. The Office for Budget Responsibility (OBR) shared some details ahead of time, calling it a "technical error" later. One big change
In the UK, business leaders are urging Finance Minister Rachel Reeves to make tough decisions in the upcoming budget. The Confederation of British Industry (CBI) chief, Rain Newton-Smith, will criticize Reeves for not involving businesses in key discussions about energy costs and labor reforms. She
Chicago has a new plan to keep its public transport running smoothly. The idea is to use money that is already being collected, instead of asking people to pay more in taxes. This plan is expected to bring in about $1. 5 billion every year. Most of this money will come from sales tax on fuel and som
In the UK, big changes might be coming to taxes. The finance minister, Rachel Reeves, has a tough job. She needs to find more money. She wants to raise about 30 billion pounds every year. This is to keep the country's finances stable and to avoid problems with investors. Reeves has said she will lo
Richardson ISD is asking for a huge sum of money, $1. 4 billion, to fix up schools and buy new stuff. This includes building materials, books, tech gadgets, and even stadium upgrades. If voters say yes, taxes will go up by a small amount. For a home worth $500, 000, that's about $124 more per year.
The idea of taxing the wealthy to fund tax cuts and spending reductions has sparked debate among Republicans. This discussion comes as they struggle to find $1. 5 trillion in spending cuts to balance out the tax reductions they want to make permanent. The former president has suggested that he woul
The idea of raising taxes on millionaires is facing strong opposition from top Republicans. President Donald Trump and House Speaker Mike Johnson have both spoken out against it. They argue that such a move could drive wealthy individuals out of the country. Trump pointed out that with modern transp
Simsbury is looking at a potential tax increase for the upcoming fiscal year. The proposed budget for 2025-26 suggests that the average homeowner could see their taxes go up by around $508. This isn't a final decision, though. The town manager presented the initial spending plan to the selectmen, bu
