Share to Twitter Share to Linkedin While Congress is getting ready to raise federal taxes by hundreds of billions of dollars as part of the Inflation Reduction Act (IRA), it hasn’t gone unnoticed that lawmakers in many state capitals are doing the opposite, enacting tax relief. “Widespread tax breaks in the nation’s statehouses stands in contrast to what’s happening in Washington,” Bloomberg reported on August 9, adding that nearly “two dozen states slashed personal or corporate income-tax rates in the past two years and more than a dozen enacted temporary relief in 2022.” In addition to cutting income tax burdens, there has been a recent trend of states moving from progressive to flat personal income tax rates. Georgia was among the states where legislation was enacted in 2022 to go to a flat tax. The income tax cut signed into law by Governor Brian Kemp (R-Ga.) in April, which will move Georgia from a progressive income tax code with a top rate of 5.75% … [Read more...] about Georgia Shows Contrasting Direction Of Federal & State Tax Burdens
Workers quit
Losing Turkey: How Obama Alienated A Key NATO Ally
President Barack Obama’s decision to work with questionable Kurdish elements in the fight against the Islamic State has effectively left the U.S.-Turkey alliance in tatters, and America’s adversaries are seizing upon the opportunity to try to sever the partnership completely. The loss of Turkey as U.S. partner was most clearly exhibited when Russian, Turkish and Iranian diplomats met in Moscow in December to discuss a solution to the ongoing crisis in Syria. A U.S. presence was noticeably, and intentionally, absent. The meeting added insult to injury after Syrian rebels were forced to surrender the city of Aleppo to government forces just days before. Turkey’s decision to pursue tighter relations with Russia is a remarkably new phenomenon born out of Obama’s missteps in the fight against ISIS. Just over a year ago, it appeared that Russia and Turkey were on the brink of war, after Turkey shot down a Russian fighter that drifted into its territory. Today, the two countries are … [Read more...] about Losing Turkey: How Obama Alienated A Key NATO Ally
Strippers at LA strip club want to join actors’ union
New York (CNN Business) Strippers at the Star Garden Topless Dive Bar in North Hollywood, California, have filed with the National Labor Relations Board seeking to join the Actors Equity Association, a union of performers and other show business professionals. "We like what we do. We would like our jobs even more if we had basic worker protections," said one of the strippers who works under the stage name Velveeta, in statement released by the union. Among the issues that the strippers say they want addressed are the club's security guards repeatedly failing to protect dancers from threatening and abusive behavior from patrons. "We're like so many other workers who have learned that it's not a choice between suffering abuse or quitting," she said. "With a union, together, we can make needed improvements to our workplace." No members of Star Garden Enterprise, the owner of the club, could be reached for comment Wednesday. They also did not respond … [Read more...] about Strippers at LA strip club want to join actors’ union