Current News

The Grassroots Corner - Week Beginning 10/17/22: “Meet New Jersey State Senator Ed Durr” Read More.

Diogenes was a Greek philosopher who died in Corinth in 323 B.C. He made a virtue of poverty and was famous for carrying a lantern as he went through each town he was visiting “looking for an honest man.” This is what the painting above is showing. Read More.

As the IRS prepares to receive a significant boost in funding and staff, tax insurance may be a solution to help high-income taxpayers and major corporations gain some certainty around their tax positions. Read More.

Missouri Governor Michael L. Parson has signed legislation that reduces the top rate of individual income tax with the possibility of further reductions if state revenues meet or exceed certain thresholds and exempts taxpayers’ first $1,000 of income from taxation. (L. 2022, S3 (1st Extra. Sess.), applicable to tax years beginning on or after 01/01/2023.) Read More.

Not everyone has a simple tax situation where their employer withholds more than enough money for taxes, and the person perhaps ends up getting a small refund the following tax season. Read More.

The Grassroots Corner - Week Beginning 10/10/22: “Meet Alexandru Bittner” Read More.

The Economic Development bill remains in conference committee and lawmakers are staying tight lipped on the status of the bill. Read More.

The IRS is telling temporarily reassigned “surge team” employees that they will need to continue their work cutting down the agency’s pandemic-era backlog of tax returns through the end of the year. Read More.

Texas Gov. Greg Abbott's (R) state border enforcement effort has been in the news lately mostly for the busses he has chartered, at a cost to taxpayers of $14 million and counting, to send migrants to a handful of Democratic-run cities. Read More.

With Halloween coming up very quickly, American households are about to get a deluge of candy — whether they are giving it out or taking it in. Read More.

States brimming with cash are cutting taxes at a rapid pace. With the enactment Wednesday of an income tax cut in Missouri, about two-thirds of U.S. states have adopted some sort of tax relief in 2022. Read More.

A coalition of grassroots organizations aiming to stop inflated property taxes in Detroit joined legislators online Thursday to formally request Attorney General Dana Nessel weigh in on whether overtaxed residents qualify for compensation under Michigan law. Read More.

The following article was written by the newest member of our Advisory Board. Professor Kendall earned his Ph.D. in economics from North Carolina State University, is Professor of Economics and Finance at the University of Virginia's College at Wise. He was Dean of the School of Business at St. Edward's University in Austin, TX and Chief Economist for Empire Funding Corporation, also of Austin. While a senior economist with RTI International, Research Triangle Park, NC, Dr. Kendall led numerous applied economics research projects conducted for FDA, EPA, and USDA. David and his wife Laura Ann make their home in the scenic mountains of southwestern Virginia, along with Puff, Bunny, Bella, and Penny (cat, dog, dog, and rabbit). Read More.

Georgia’s governor is extending the suspension of the state’s motor fuel tax through Nov. 11. Read More.

Colorado’s 2022 ballot features a measure that could have major implications for future voter-approved changes to the state’s income tax code. Read More.