Legislative Update – Sales Tax on Services The United States economy has undergone significant changes over the last 50 years. Not only have these changes impacted the kinds of jobs we have, but they have also forced policymakers to reconsider the basic tax structure upon which they fund state governments. To date, only Hawaii, New Mexico, and South Dakota have levied taxes on services across the board, with a number […]
Democratic legislators in the House will be working on priorities for internet regulation and fiscal 2020 spending next week, while the Senate returns to confirm more of President Donald Trump’s nominees under an expedited process after Senate Republicans jettisoned the Senate’s deliberative process for executive nominees this week. The House could also take up legislation also supported by Senate tax writers to overhaul the IRS as tax day approaches April […]
It is no secret that the economic model of the United States has undergone dramatic changes over the course of the last fifty years. According to the United States Bureau of Economic Analysis (BEA), in 1966, the industrial sector of the economy made up more than a third of the Gross Domestic Product. Fast forward to 2016, and these manufacturing jobs account for less than 18% of GDP. Meanwhile, the […]
Legislative Update – Data Privacy Laws The General Data Protection Regulation (GDPR) in the European Union and the California Consumer Privacy Act (CCPA) have spawned a wave of action in state legislatures across the country. Lawmakers are focused on protecting the personal data of their constituents, and have introduced a series of proposed laws aiming to curb the sale and transfer of that data. In our legislative update, here we […]