San Francisco
fromPadailypost
4 minutes agoOpinion: How to convince voters to raise taxes? Cry wolf
Bay Area leaders are using fear tactics to push for a half-cent sales tax increase for mass transit, framing it as a citizen initiative.
#per-capita-tax-collections
#per-capita-tax-collections
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#tax-policy #wealth-tax #budget-deficit #new-york-city #income-inequality #new-york-city-budget #sales-tax #budget
Retirement
fromFortune
6 hours agoU.S. government is spending $88 billion a month in interest on national debt, equal to its spending on both defense and education combined | Fortune
The U.S. national debt exceeds $39 trillion, with interest payments reaching $529 billion in the first half of the fiscal year.
from24/7 Wall St.
1 week agoThe US Government Could End The Federal Gas Tax
The tax provides more than $23 billion per year in revenue for federal highway and public transit programs. The federal gas tax has been in place, in one way or another, since 1919 and was last raised in 1993.
Alternative transportation
Retirement
fromLondon Business News | Londonlovesbusiness.com
6 days agoEvery time you borrow from a bank, you're paying more than you think - London Business News | Londonlovesbusiness.com
Opportunity cost in loans includes lost potential earnings from repayment dollars, not just the interest rate paid.
NYC parents
fromGothamist
4 weeks agoSherrill's $60.7B NJ budget boosts school funding but risks tax fight
Governor Sherrill's $60.7 billion budget proposes record property tax relief and historic school funding while closing business tax loopholes to address a revenue gap, risking her campaign pledge against tax increases.
SF politics
fromLos Angeles Times
3 weeks agoEliminating a corporate tax break is pitched as a way to make up for federal healthcare cuts
California lawmakers propose repealing a tax break allowing multinational corporations to exclude foreign subsidiary income from state taxation, potentially generating billions in annual revenue.
UK politics
fromBusiness Matters
3 weeks agoHMRC interest 'double standards' branded unfair as taxpayers face higher charges than rebates
HMRC charges taxpayers 7.75% interest on late payments but pays only 2.75% on refunds, creating a structurally unfair system with no equivalent penalties for HMRC delays.
Public health
fromBusiness Insider
1 month agoI'm a millionaire living in Washington. I'm happy to pay more in taxes - it helps everybody.
A self-made millionaire who experienced poverty acknowledges that wealth accumulation requires more than hard work, including luck, opportunity, and systemic advantages beyond individual effort.
New York City
fromwww.amny.com
3 weeks agoEditorial | NYC spends too much money. It's time to get things under control. | amNewYork
New York City faces a $7.3 billion budget deficit over two fiscal years due to chronic overspending relative to revenue, with structural imbalances threatening municipal bond ratings.
UK politics
fromwww.independent.co.uk
4 weeks agoRachel Reeves accepts valid' criticism against major Budget tax hike
Chancellor Rachel Reeves acknowledges valid criticisms of increased employer national insurance contributions while defending the policy as necessary for funding public services and NHS improvements.
US politics
fromFast Company
1 month agoState lawmakers have introduced 100+ bills to rein in wealth hoarding
At least 19 states have introduced over 100 bills in the 2026 legislative session to address wealth inequality and rising costs of living through tax policy reforms and wealth redistribution measures.
#federal-tax-policy
California
fromwww.mercurynews.com
1 month agoMcNerney: Californians pay more to D.C. than we get back. Here's a way to help with that.
California pays approximately $29 billion more annually in federal taxes than it receives, funding about 30 other states, prompting proposed solutions like Senate Bill 1275 to reduce residents' federal tax burden through vehicle purchase incentives.
California
fromThe Mercury News
1 month agoMcNerney: Californians pay more to D.C. than we get back. Here's a way to help with that.
California pays approximately $29 billion more annually in federal taxes than it receives, the largest imbalance nationally, prompting proposed legislation to reduce residents' federal tax burden through vehicle purchase incentives.
#tax-policy
NYC politics
fromNew York Daily News
1 month agoHike NYC taxes or leave them? What 'tax the rich' misses about New York's affordability crisis
New York's affordability crisis requires economically sound policy, not reflexive taxation that risks weakening the economic engine supporting working families through reduced hiring and investment.
SF politics
fromFortune
1 month agoNationwide voter revolt over property taxes collides with reality that every other revenue source has been slashed already | Fortune
Multiple states are pursuing property tax cuts during election years, facing resistance over impacts on local government and school funding, reminiscent of California's 1978 Proposition 13.
UK politics
fromLondon Business News | Londonlovesbusiness.com
1 month agoFiscal drag caused by the freezing of personal allowances impacting people's finances - London Business News | Londonlovesbusiness.com
Chancellor Rachel Reeves' policies raise concerns about cost of living impacts despite claims of £1,000 annual improvement, with frozen tax thresholds until 2030 potentially offsetting gains.
UK politics
fromLondon Business News | Londonlovesbusiness.com
1 month agoReeves must scrap pension tax grab now - London Business News | Londonlovesbusiness.com
Chancellor Reeves' proposed £2,000 annual cap on national insurance relief for pension contributions via salary sacrifice risks discouraging retirement savings and reducing individual pension pots by tens of thousands over time.
UK news
fromLondon Business News | Londonlovesbusiness.com
2 months agoThe 'government has made a pig's ear of inheritance tax reform' as receipts rise - London Business News | Londonlovesbusiness.com
Inheritance tax receipts reached £6.6 billion in the first nine months of 2025/26, driven by frozen thresholds and pension rule changes increasing IHT scope.
from48 hills
1 month agoThe real story behind Muni's budget deficit - 48 hills
Despite some idealistic intentions, that framework is in fact what put Muni in the financial hole in the first place. Working from a scarcity mindset, namely trying to preserve an already pilfered service, is a losing battle. To guarantee the service that citizens and workers expect from a city like San Francisco requires a committed vision of the future, one that centers Muni as the public good that it is.
SF politics
fromPortland Mercury
2 months agoPortland Housing Bureau Finds Millions More in Unspent Funds
The Portland Housing Bureau has found additional unspent dollars in its coffers, adding to the previous $21 million it found through an audit last year. It is unclear exactly how much money is in the fund, but Council President Jamie Dunphy called councilors over the weekend to tell them they would soon learn of the specifics of what was found in the Housing Investment Fund. He told the Mercury February 2 that he did not yet know how much total funding was available.
Portland
New York Islanders
fromwww.amny.com
1 month agoMAMDANI'S FIRST 100 DAYS: Mayor tells Albany budget gap shrunk by $5 billion, pushes wealth tax to further close it | amNewYork
Mayor Mamdani said administration cut the projected deficit by $5 billion but warned the city still faces a $7 billion gap without new recurring revenue.
California
fromPadailypost
1 month agoOpinion: State trying to tax residents who moved; Cubberley tax is dead; school unions demand far more than inflation rate
California tax authorities are pursuing former residents for residency proof, while Palo Alto tax proposals face likely voter rejection amid growing local tax fatigue.
US politics
fromSan Jose Spotlight
1 month agoSan Jose faces tough choices to balance budget shortfall - San Jose Spotlight
San Jose faces a projected $65 million shortfall requiring tough service reductions while prioritizing public safety, libraries, youth programs, parks, and immigrant legal defense funding.
fromThe Mercury News
2 months agoLetters: Critical column sells Rishi Kumar's tax plan short
Seniors main source of income is their Social Security. The five largest worries for seniors are housing, transportation, food, health care and taxes. Living in high-cost areas where school and infrastructure bonds are an open checkbook makes it impossible for seniors to keep their homes, let alone sell their homes in an unstable housing market. If families cannot afford housing, how can seniors with fixed incomes afford to thrive? They cannot.
US politics
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