All posts tagged "Fiscalpolicy"

KANSAS CITY, Mo. — Top Kansas Republicans will try topass a flat income tax when lawmakers return to Topeka in January, but Democratic Gov. Laura Kelly calls the idea a “non-starter.” As Kansas sits on a budget surplus of more than $2 billion, many Republican lawmakers want to again advance a flat tax after the governor blocked the proposal this spring. House and Senate GOP leaders even spent the fall touring the state promoting the idea. But Kelly, who first won election as governor in 2018 promising to steer Kansas away from the fiscal woes of Republican Gov. Sam Brownback’s administration, ......

WASHINGTON — Rep. Hillary Scholten, D-Grand Rapids, said Sunday that she would be open to helping save Republican Speaker of the House Kevin McCarthy's position in leadership if Republicans put "some concessions in place." Congress passed a short-term budget bill Saturday night that will extend existing funding levels through Nov. 17, avoiding a government shut down shortly before the deadline. Florida Rep. Matt Gaetz, one of several hardline Republicans who had been pushing McCarthy not to support a short-term bill, said Sunday he plans to try to remove McCarthy from leadership this week over......

PHILADELPHIA — Before President Joe Biden got into the substance of his budget speech in Philadelphia on Thursday, he had a warm personal message for Sen. John Fetterman. “John, if you can hear this at all, we’re with you, pal. We’re with you,” Biden said as he began his address, drawing cheers from the Democrats and laborers in the audience. The moment came at the start of Biden’s visit to the Finishing Trades Institute in Northeast Philadelphia, where the president laid out his budget and tried to set the stage for both his coming clash with Republicans over the national debt limit and his o......

LANSING, Mich. — The Michigan Legislature on Thursday pushed through a roughly $37.3 million supplemental budget bill to benefit Oxford Community Schools and to set up statewide school safety grants days after a shooting in Texas took the lives of 19 elementary students and two teachers. The legislation expanded funding for Oxford schools from $6.8 million to $9.8 million and added funding for $15 million in statewide grants for school security assessments and $12.5 million for statewide grants for critical school mapping. The spending bill, sponsored by Rep. Pamela Hornberger, a Republican, i......

SACRAMENTO, Calif. — California Gov. Gavin Newsom on Friday released a $300.6 billion spending plan that would fund tax rebates, abortion care, bonuses for health care workers and more, fueled by a $97.5 billion surplus. The flush budget largely reflects a continued surge in tax revenue driven by income gains in high-earning households. The “simply without precedent” surplus is the latest windfall for state coffers, which swelled by tens of billions of dollars in a short two-year period. “No other state in American history has ever experienced a surplus as large as this,” Newsom said. In Janua......

SACRAMENTO, Calif. — California Gov. Gavin Newsom’s on Friday released a $300.6 billion spending plan that would fund tax rebates, abortion care, bonuses for health care workers and more fueled by a $97.5 billion surplus. The flush budget largely reflects a continued surge in tax revenue driven by income gains in high-earning households. In January 2020, before the coronavirus pandemic, Newsom’s budget called for $222 billion in total spending, meaning the state’s budget has grown by roughly 35% over two years. His budget proposal includes $37.1 billion in reserves, including $23.3 billion in ......