GOP Tax Package is Just the Beginning
- June 21, 2023
Last week, House of Representatives Ways and Means Committee Chairman Jason Smith (R-MO) kicked off what is expected to be months-long congressional negotiations over tax legislation.
Members of Congress, both the House and Senate, finally got the chance to do what they have been desperate to do for weeks: get out of Washington, D.C., and campaign full time for re-election. With the only must-pass legislation in September being a continuing resolution (CR) to keep the government running past Sept. 30, most […]
The economic slowdown from the COVID-19 pandemic initially raised concerns within states that general revenue collections would be lower than anticipated and, as a result, create shortfalls in maintaining a balanced budget. Although revenue collections from certain sectors of the economy, such as hospitality and tourism, were lower, overall revenue shortfalls from the pandemic did […]
For many, the Memorial Day weekend is the unofficial start of summer. For those elected officials in the U.S. House of Representatives and Senate, the return to the nation’s capital from the Memorial Day congressional recess is the bell signaling the final lap in the race to pass legislation before the politics of a midterm […]
More than 400 members from the three NAIOP chapters in North Carolina traveled to the Pinehurst Resort last week for the NAIOP North Carolina State Conference. The all-day conference included a number of sessions related to the state of the industry, along with a general session that included legislative updates on issues at the federal, state […]
Most state governments have emerged from the pandemic-induced economic slowdown with budgetary surpluses because projected revenue losses did not occur. Losses in tax collections from certain sectors of the economy, such as restaurants, hospitality and entertainment, were offset by the collection of sales taxes from increased internet transactions, along with the $193.5 billion allocated to […]