Insurance companies are significantly raising homeowners’ coverage costs to mitigate the growing risks posed by powerful storms, like those that devastated five states over the Memorial Day weekend. The storms left a trail of destruction in Arkansas, Kentucky, Oklahoma, Texas, and parts of Virginia, leveling homes and claiming at least 23 lives. The increasing frequency … Read more
Illinois Senate Approves Budget with $870 Million in Tax Increases Budget Aims to Reduce Poverty and Improve Healthcare with Funding for Non-Citizens and Education Initiatives According to Stateline, The Illinois Senate voted on Governor JB Pritzker’s budget for the next year. The budget includes a plan to raise $870 million more in taxes. This money … Read more
The District’s Problems Are Getting Worse San Francisco’s School District Faces Budget Woes According to the74million, San Francisco‘s school district is in trouble. The district’s budget is not working well, and the state is stepping in to help. The problem started when the district didn’t adjust its plans for student enrollment. This means the district … Read more
Texans can enjoy a sales tax break this Memorial Day weekend, thanks to the state’s Water-Efficient Products and Energy Star Sales Tax Holidays. Running from Saturday, May 25 to Monday, May 27, this tax holiday allows residents to purchase certain energy-efficient and water-conserving products without paying sales tax. Qualifying Energy Star Items During the Energy … Read more
The Illinois Senate has passed a $53.1 billion state budget for fiscal year 2025 following extended negotiations. The budget, which generates nearly $53.3 billion in revenues, was approved in a 38-21 vote late Sunday night. The House is expected to vote on the budget this week before it heads to Governor JB Pritzker’s desk. Key … Read more
Labour Pledges No Tax or National Insurance Hikes: 13,000 Police Officers and 6,500 Teachers Planned Rachel Reeves: No National Insurance Increase if Labour Wins General Election Shadow Chancellor Rachel Reeves has assured voters that the Labour Party will not implement further tax rises or hikes to National Insurance for working people if they win the … Read more
New research by the Urban Institute and the Robert Wood Johnson Foundation has revealed that SNAP benefits are failing to cover the cost of modestly priced meals in 98% of U.S. counties, including New York. The gap between the cost of a meal and the maximum SNAP benefit is particularly pronounced in urban areas, with … Read more
Yellen Faces Backlash Over Global Billionaire Tax Rejection Patriotic Millionaires Push for Global Billionaire Tax U.S. Treasury Secretary Janet Yellen faced backlash when she announced that the United States would reject a global billionaire tax ahead of a G7 meeting in Stresa, Italy, according to the published article of moneywise. Among the critics was Morris … Read more
The Department for Work and Pensions (DWP) has announced the exact date it will phase out Tax Credits in the UK, impacting around 730,000 current claimants. This move is part of the ongoing transition to Universal Credit. From April 6, 2025, the DWP will eliminate all Tax Credit claims. This includes both Working Tax Credit … Read more
Illinois House’s Failure to Pass Loan Rate-Disclosure Bill Disappoints Small Business Owners Small Business Loan Transparency Bill Stalls in Illinois House, Leaving Entrepreneurs Vulnerable Small business owners in Illinois are expressing disappointment and concern over the failure of the Illinois House to pass Senate Bill 2234 known as “The Small Business Financing Transparency Act.” This … Read more