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Tag: Asa Hutchinson

States tap historic surpluses for tax cuts and rebates to offset inflation hit on residents
Business

States tap historic surpluses for tax cuts and rebates to offset inflation hit on residents

Stoked by the largest surplus in state history, Missouri's Republican-led Legislature devised a $500 million plan to send one-time tax refunds to millions of households. In a shock to some, GOP Governor Mike Parson vetoed it. Parson's objection: He wanted a bigger, longer-lasting tax cut. "Now is the time for the largest income tax cut in our state's history," Parson declared as he called lawmakers back for a September special session to consider a $700 million permanent tax reduction. Upon the plan's likely approval, Missouri will join at least 31 states that already have enacted some type of tax cut or rebate this year — an astounding outpouring of billions of tax dollars back to the people. Idaho lawmakers are convening Thursday to conside...
Sunday shows preview: House sends climate, tax and health package to Biden
Health

Sunday shows preview: House sends climate, tax and health package to Biden

The Sunday talk show circuit this week will revolve around the Democratic climate, tax and health package sent from the House to President Joe Biden’s desk this week. The $740 billion package was passed by House Democrats on Friday after it narrowly passed the Senate in a party-line vote, where Vice President Kamala Harris voted to break the tie. To avoid a Republican filibuster, Senate Democrats used budget reconciliation to approve the package using a simple majority. The Inflation Reduction Act was also approved by the House on party lines, though four Republicans declined to vote. Biden thanked Congress on Friday for supporting the act, adding: “I look forward to signing it into law.” White House press secretary Karine Jean-Pierre will likely expound on Biden’...