Inflation continues to be the top concern for American voters going into the midterm elections. But rather than advancing responsible policies that will tame inflation, the federal government continues to pursue tax and spending plans that will raise the federal deficit, undermine growth, and do nothing to lower prices.
Read MoreTag: states
13 States May Tax Canceled Student Loans
Borrowers in thirteen states who have student debt canceled under the Biden administration’s plan may still be taxed hundreds of dollars next year on their forgiven loans.
Read MoreUnclaimed Property Becomes Revenue for Some States
Some states are making money from unclaimed property that people may not know the states have.
South Dakota is one of the few states that send profits from abandoned property to their general budget. About 3% of the state’s general fund revenues come from unclaimed property, according to state budget officials. Some states, including Wyoming and Wisconsin, hold on to the property indefinitely.
Read MoreCommentary: The American People Must Relocate Power to the States
When American citizens look to Washington, D.C., they find much to be disappointed in and even less to believe in. The fundamental problem is that the federal government has, through its regulatory and spending powers, usurped much of the governing authority for the republic.
Read MoreStates, Not Congress, Could Pose the Biggest Threat to Tech Companies
Despite calls for increased regulation of the tech industry, Congress has yet to pass any major legislation, leaving it up to the states to take action curbing tech companies’ power and influence.
Meanwhile, state legislatures have introduced and enacted legislation on data privacy, antitrust, and content moderation, while state attorneys general have issued a number of legal challenges alleging anticompetitive business practices.
Read MoreCommerce Department Report: Red States Leading U.S. Economic Growth
Red states are leading economic growth in the U.S., a new report by the U. S. Commerce Department shows, with South Dakota, Texas and Utah reporting the highest growth.
The report is based on 2020 fourth quarter gross domestic product (GDP) data and February 2021 unemployment rates.
Real GDP increased in all 50 states and the District of Columbia in the fourth quarter of 2020. Real GDP for the U.S. as a whole increased at an annual rate of 4.3%. The percent change in real GDP in the fourth quarter ranged from 9.9% in South Dakota to 1.2% in the District of Columbia.
Read MoreStates Aren’t Prepared to Distribute Coronavirus Vaccine, Investigation Finds
Most states aren’t adequately prepared to distribute the leading coronavirus vaccine, especially to rural areas, once it is approved for public use, according to a ProPublica analysis of state plans.
Pfizer announced Monday that the coronavirus vaccine it is developing was more than 90% effective and did not produce safety concerns during its large-scale trial. But, as the vaccine approached Food and Drug Administration approval, a ProPublica investigation found that states aren’t ready to administer the delivery of the vaccine to vast swaths of their populations.
“Early, when we don’t have lots of doses, I frankly do not anticipate that vaccine will be widely available in every rural community,” Centers for Disease Control and Prevention’s V
Read MoreCommentary: Why States and Cities Should Stop Handing Out Billions in Economic Incentives to Companies
by Nathan Jenson U.S. states and cities hand out tens of billions in taxpayer dollars every year to companies as economic incentives. These businesses are supposed to use the money, typically distributed through economic development programs, to open new facilities, create jobs and generate tax revenue. But all too…
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