President Biden’s $7.3 trillion budget proposes a federal tax on unrealized capital gains, following Vermont and ten other states that have considered similar measures. This tax, which is unjust, likely unconstitutional, and economically harmful, should be firmly rejected. What Are Unrealized Capital Gains? Unrealized capital gains refer to the increase in value of an asset, … Read more
President Joe Biden’s unveiling of new housing affordability proposals during his State of the Union address has ignited debate among experts, with opinions divided on the potential impact of these measures. The proposed initiatives include a $5,000 tax credit for middle-class first-time homebuyers over two years and a $10,000 credit for those selling their starter … Read more
In a noteworthy development, Texas is witnessing a shift towards the implementation of guaranteed income programs, signaling a departure from its historically conservative stance. Spearheaded by Harris County Commissioners in Houston, these programs aim to provide financial support to low-income families, potentially altering the state’s welfare landscape. Under the approved initiative in Harris County, eligible … Read more
Act 114 Mandates Incremental Raises Leading to $18 per Hour by 2028 In a move aimed at enhancing the financial well-being of workers, the Hawaiʻi State Department of Labor and Industrial Relations (DLIR) has announced a scheduled increase in the minimum wage. Effective January 1, 2024, the minimum wage will rise to $14 per hour, … Read more