Articles

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.

This year has brought fair winds and following seas for semiconductors, carried interest, and even prospective electric vehicle drivers, but proponents of the expanded child tax credit haven’t had such smooth sailing. While advocates must continue to push for an extension, work can be done now to improve access to the existing credit for those who qualify. Read More.

Gov. Kay Ivey on Monday said she is “exploring” returning tax money to Alabamians after the state closed out the fiscal year last week on stronger than usual revenues. Read More.

British Prime Minister Liz Truss defended her government’s move to cut taxes and regulations following criticism from international financial institutions. Read More.

At least 10 people have lost their lives and more than 700 have been rescued in Florida due to Hurricane Ian, which could be the deadliest hurricane in the state's history. Read More.

Republican lawmakers approved a plan to cut income taxes in Missouri on Thursday, abandoning a last-minute addition that would have also slashed tax rates for businesses while sending a package to Gov. Mike Parson's desk over the strong objections of Democrats. Read More.

As Floridians recover from Hurricane Ian, there will be a state-wide gas tax holiday through the month of October. The tax relief was already planned before the storm, but the relief could be considered timely. Read More.

The Grassroots Corner - Week Beginning 10/03/22: “Jim Duffie takes a working vacation” Read More.

The legal battle over a 2020 anti-tax hike referendum effort is over. The Tennessee Supreme Court on Thursday declined to hear the Davidson County Election Commission's appeal challenging Metro's handling of a petition-driven referendum effort to strike down the city's 34% property tax increase. Read More.

Gov. Doug Ducey has ordered the state to implement a flat tax change he helped pass a full year ahead of schedule, weeks before the midterm elections. Read More.

As I sat and visited with one of my accounting firm’s partners at a recent conference, the conversation migrated to the FAIRtax. He lamented how the uber wealthy’s progeny can live lavishly and their existing wealth hardly gets taxed at all. He did not think that it was fair for “trust fund” kids to be able to live an unproductive life without something (i.e., taxation) motivating them to become productive members of society. Read More.

Every summer, Jasper County Judge Mark Allen begins to worry about two very different storms brewing: hurricanes and his county budget. Read More.

Researchers applied the Inflation Reduction Act’s new 15% corporate minimum tax onto 2021 company earnings and found that the burden would only be felt by about 78 companies, with Berkshire Hathaway and Amazon paying up the most. Read More.