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New York Times (March 14)

2024/ 03/ 16 by jd in Global News

Some now fear an “urban doom loop.” Cities are encountering budget crunches brought on by “steep discounts” in office and commercial real estate “as the pandemic trends of hybrid and remote work have persisted.” Cities are “starting to bear the brunt.” Budgets once reliant “on taxes associated with valuable commercial property are now facing shortfalls and contemplating cutbacks as lower assessments of property values reduce tax bills.” Cutting services or raising taxes could make cities less attractive, inducing urban flight and further exacerbating city budgets.

 

Institutional Investor (May 5)

2020/ 05/ 07 by jd in Global News

“Institutional investors have a remedy for the mounting pile of public debt accumulating during the coronavirus crisis: Tax private equity.” In a recent survey 62% of respondents suggested “increasing taxes on private equity, carried interest or performance fees, and special purpose vehicles” as ways “their national governments should adjust tax policies to offset stimulus spending.”

 

San Francisco Chronicle (June 25)

2019/ 06/ 26 by jd in Global News

“San Francisco became the first major U.S. city to ban the sale of electronic cigarettes after supervisors gave the measure its second and final vote Tuesday.” The west coast city “celebrates its marijuana culture, but it appears deeply opposed to other vices. Last year, voters approved a ban on the sale of flavored tobacco and in 2016, a tax on sugar-sweetened drinks.”

 

The Economist (June 22)

2019/ 06/ 24 by jd in Global News

Already “one in five Americans calls Texas or California home.” The behemoths are now “the biggest, brashest, most important states in the union, each equally convinced that it is the future.” But their vision is “heading in opposite directions, creating an experiment that reveals whether America works better as a low-tax, low-regulation place” or a “high-tax, highly regulated one.” Given Washington dysfunction, “the results will determine what sort of country America becomes almost as much as the victor of the next presidential election will.”

 

Hidustan Times (August 30)

2018/ 09/ 01 by jd in Global News

“Prime Minister Narendra Modi’s efforts to weed out black money through a ban on high-value currency notes haven’t yielded the desired results.” The Government estimated approximately one-third of the 15.4 trillion rupees in circulation on Nov. 8, 2016 “wouldn’t be returned to banks because it was stashed illegally to avoid tax.” In reality, 99.3% of the invalidated banknotes were returned. Only “107 billion rupees hasn’t yet been received by the Reserve Bank of India after the cash ban.”

 

Wall Street Journal (March 1)

2018/ 03/ 03 by jd in Global News

“Donald Trump made the biggest policy blunder of his Presidency Thursday by announcing that next week he’ll impose tariffs of 25% on imported steel and 10% on aluminum. This tax increase will punish American workers, invite retaliation that will harm U.S. exports, divide his political coalition at home, anger allies abroad, and undermine his tax and regulatory reforms. The Dow Jones Industrial Average fell 1.7% on the news, as investors absorbed the self-inflicted folly.”

 

The Week (April 9)

2017/ 04/ 12 by jd in Global News

“Corporate America almost uniformly craves tax reform. But businesses are deeply split over whether to support the…20 percent tax on imports coming into the U.S….. Major U.S. manufacturers like Boeing and Caterpillar are behind the idea. But retailers like Target and Ikea, as well as other companies that import most of their goods, are lobbying furiously against it.”

 

Washington Post (September 6)

2016/ 09/ 07 by jd in Global News

“Federal debt incurred to fund current consumption…is in effect a tax on future generations….But debt incurred to finance infrastructure modernization and repair is different. It creates… a long-term asset (the highway, railroad, energy transmission grid or airport such spending buys). It’s perfectly fair to spread the financing costs of those assets across the generations of taxpayers who will enjoy their use.”

 

New York Times (January 19)

2016/ 01/ 20 by jd in Global News

“China’s announcement last year that it would set up a national cap-and-trade system was hugely encouraging—the world’s largest emitter agreeing to tax itself to help solve a problem that, only a few years ago, it barely acknowledged.” This stands in stark contrast with the U.S. Congress where heads remain firmly planted in the sand of denial and falsehood. “Congress has refused to act even as it becomes clear that putting a price on greenhouse gas emissions is the most direct and cost-effective way to address climate change.”

 

Washington Post (April 25)

2015/ 04/ 26 by jd in Global News

“The government should eliminate energy subsidies of all kinds — for fossil fuels as well as renewable energy. Then Congress should put a significant tax on carbon-dioxide emissions and set it to rise over time. The resulting market forces would decide how the economy would move to a greener state.”

 

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