Long Island is bracing for significant changes due to a new budget bill that has just been approved. This bill is set to impact various aspects of life, from taxes to healthcare, the environment, and immigration. The bill includes a temporary increase in the state and local tax (SALT) deduction, which is a big deal for many residents. However, not everyone is happy w...
The Senate Republicans have rolled out their version of a major bill. This bill is part of a bigger plan for the country. It includes some big changes to healthcare and taxes. The bill is 549 pages long. It extends tax cuts that were set to expire. It also includes new rules for tips and overtime pay. The bill makes significant cuts to Medicaid spending. It adds new...
The former US President Donald Trump has recently stirred the pot in international trade. He has threatened to impose a hefty 50% tariff on goods coming from the European Union. This move comes after he felt that the current trade talks were not going anywhere. He pointed out several issues with the EU's trade practices, including high taxes and unfair laws against A...
The U. S. president has recently stirred the pot in global trade by proposing hefty tariffs on European goods and smartphones. This move comes as a surprise to many, given the long-standing alliance between the U. S. and the EU. The president's threat of a 50% tax on EU imports and a 25% tariff on smartphones, unless they are made in the U. S. , has raised eyebrows a...
Milton is a town with a mix of financial puzzles. It's not a poor place, but it's facing some serious money problems. The median home price is a million dollars, and the average family brings in nearly 180, 000 dollars a year. Yet, the town is struggling with a double dose of financial trouble. There are mid-year cuts to the school budget and the possibility of highe...
Starting a business is a big challenge. It is even more difficult when you have to deal with high costs. These costs include rent, labor, and taxes. Living near the coasts in the U. S. can make it even harder. This is because costs are generally higher in these areas. A recent study highlighted the states where starting a business is more affordable. Utah came out on...
The spotlight is on Dr. Mehmet Oz, who is up for a big job. He is nominated to lead the Centers for Medicare and Medicaid Services. But there's a twist. Some Democrats think he might not have paid his fair share of Social Security and Medicare taxes. They say he paid very little in 2022 and nothing in 2023, missing out on $440, 000 in taxes. Oz's team says he's follo...
The taxation of cigarettes while a baby is in the womb doesn't just impact those with a habit during pregnancy. It has effects that stick around well into adulthood. That means cigarettes priced more highly for expecting mothers could steer adults away smoking when they later fall expecting. Some see these taxes as a way to nip cigarette use in the bud, but we need ...
Governor Maura Healey recently unveiled her budget plan for the next fiscal year, and it's a mix of investments and tough calls. The $62 billion proposal aims to boost various areas like education and housing. One big change? Taxing candy and cutting mental health jobs. The budget also looks at closing some hospitals and tweaking shelter benefits. Plus, it suggests n...
Donald Trump is back with a new plan for his second term. He's got a mix of old ideas and new ones, focusing on everything from immigration to taxes to climate change. Let's break it down. Immigration is a big deal for Trump. He wants to build a wall, use the National Guard, and even empower local police to crack down on illegal immigration. He also wants to change ...