As food prices soar, some states consider cutting taxes on groceries

As meals costs soar, some states think about reducing taxes on groceries

An individual retailers for groceries at Lincoln Market on March 10, 2022 within the Prospect Lefferts Backyard neighborhood of Brooklyn borough in New York Metropolis. Michael M. Santiago | Getty Pictures New authorities inflation information exhibits costs are surging in a single key space – meals. Now some states are taking a look at serving […]

There’s a growing interest in wealth taxes on the super-rich

There’s a rising curiosity in wealth taxes on the super-rich

Sen. Ron Wyden, D-Ore., speaks throughout a Senate Finance Committee nomination listening to on Feb. 23, 2021. Greg Nash | Pool | Reuters People more and more favor a wealth tax on the ultra-rich. However regardless of an uptick in proposals, these insurance policies have struggled to realize traction. President Joe Biden in March unveiled […]

As states consider gas tax holidays, don't expect big savings

As states think about fuel tax holidays, do not anticipate massive financial savings

An indication displays the value per gallon of gas at a fuel station on March 10, 2022 in Miami, Florida. Joe Raedle | Getty Photographs Individuals are feeling the pinch of rising fuel costs. Now two states — Maryland and Georgia — are briefly suspending their fuel taxes with a view to assist their residents […]