Sen. Ron Wyden pushes bills to tax data centers, aid displaced workersWASHINGTON — Senate Finance ranking Democrat Ron Wyden of Oregon released the text of a pair of bills Friday aimed at blunting the impact of artificial intelligence on the American workforce — an early signal of potential Democratic priorities if the party regains control of the Senate. One bill, dubbed the Stability and Opportunity for Workers Act,…Spokane Spokesman-Review1d agoWhole story →TechnologyEconomyRon Wyden
IRS defines terms for the Federal Scholarship Tax Credit with implications for participationOn Oct. 2, 2026, the Internal Revenue Service (IRS) issued temporary regulations and proposed final regulations to implement the Federal Scholarship Tax Credit (FSTC). The program — also known as the Education Freedom Tax Credit — will take effect on Jan. 1, 2027. Both the temporary and proposed regulations will be effective in 2027, until […]Ballotpedia News1d agoWhole story →Economy
Why gas tax, concert ticket caps didn't make House's final MA budgetGov. Maura Healey’s proposals to suspend the gas tax and cap ticket prices didn’t make it into the House’s version of the final supplemental budget.Quincy Patriot Ledger1d agoWhole story →EconomyMaura Healey
Jared Polis won't specify personal stakes as he opposes Amendment 87Colorado Gov. Jared Polis could stand to personally avoid hundreds of thousands of dollars in higher taxes if Amendment 87 fails this November. He's been one of the measure's most prominent opponents.Boulder Daily Camera1d agoWhole story →EconomyJared Polis
Social Security Agency Accused—Once Again—of Illegally Using Federal Resources to Praise TrumpThe US Social Security Administration on Friday was accused yet again of unlawfully using federal resources for the overtly political purpose of celebrating President Donald Trump—this time less than two weeks out from the midterm elections. On Thursday, SSA—headed by Trump nominee Frank Bisignano—sent out an email praising the "historic tax cut" that…Common Dreams1d agoWhole story →HealthEconomy
IRS Makes It Easier to Fix Retirement Account MistakesThe IRS and Treasury Department announced two procedures Thursday aimed at making it easier to correct errors on retirement plans.Newsweek1d agoWhole story →Economy
Are California voters about to impose 'world's first' tax on billionaires?Voters are about to decide if the mega-rich among them should hand over billions of dollars to pay for improvements to healthcare.BBC News1d agoWhole story →HealthEconomy
Ramaswamy accuses Acton of ‘lying’ about attack ad, but court records contradict mother’s claim – as it happenedThis live blog is now closed. Sign up for the Breaking News US email With less than two weeks until the midterms, my colleague Jonathan Freedland and Guardian US columnist Moira Donegan are answering your questions in this week’s episode of Politics Weekly America. They break down the final stretch ahead of these hugely consequential elections, that will…The Guardian23h agoWhole story →EducationEconomy
"A butter knife against a nuclear arsenal:" Tech billionaires vastly outspend wealth tax supportersMore than $351 million in political donations has been poured into a high-stakes contest about a proposed wealth tax on the November ballot, making it one of the most costly campaigns in California history.Los Angeles Times15h agoWhole story →EconomyGovernment
Education Freedom Is on Midterm BallotOn July 4, 2025, President Donald Trump signed the One Big Beautiful Bill/Working Families Tax Cuts Act into law, and it’s unfortunate that very few parents know this legislation provides the largest national expansion of K-12 education freedom in our nation’s history. Beginning Jan. 1, 2027, a new federal Education Freedom Tax Credit provides up...The Daily Signal14h agoWhole story →EducationEconomy
California billionaire tax faces spectacular collapse in bombshell new pollCalifornia voters remain closely divided over Proposition 40, a proposed wealth tax on billionaires, with 46% of likely voters supporting it and 43% opposed.New York Post5d agoWhole story →Economycalifornia proposition 40 poll
California voters to decide on controversial one-time tax on billionairesCalifornia voters will decide whether the state will charge a one-time tax on billionaires. The idea that has split Democrats and labor unions.NPR5d agoSources (2)Whole story →EconomyGovernmentcalifornia billionaire tax vote
California's Proposition 40: What voters need to know about billionaire wealth tax battleCalifornia's billionaire wealth tax, Proposition 40, looks like a close call based on recent polls. Here is what to know before Election Day on Nov. 3.CNBC2d agoWhole story →EconomyGovernmentcalifornia proposition 40 vote
The millions spent by California billionaires against Prop. 40 is about 0.07% of their wealthThe $293 million spent by California billionaires to oppose Proposition 40 is about 0.07% of their estimated wealth.Los Angeles Times2d agoWhole story →
Newsom backs California ballot measure that cancels out billionaire tax proposalCalifornia Gov. Gavin Newsom (D) endorsed a ballot measure that, if approved by voters, would cancel out the ballot measure proposal that would impose a one-time tax on the Golden State's billionaires. On Friday, Newsom endorsed Proposition 42, which would prohibit retroactive taxes imposed by Proposition 40, known as the Billionaire Tax Act, for any...The Hill11d agoSources (2)Whole story →EconomyGovernmentcalifornia ballot measure endorsement
California Rep. Ro Khanna's immense stock market wins revealedKhanna is a big supporter of the state's proposed one-time tax on billionaires.New York Post2mo agoWhole story →EconomyGovernmentRo Khannacongressional stock trades
This GOP lie has Gavin Newsom stabbing his own party in the backIn three weeks, California voters will have their ballots tallied on Proposition 40 (and 41 and 42, which would negate 40) that will impose a one-time 5% tax on the assets — the wealth — of the state’s 200+ billionaires. The money will be used to make up for the massive almost-trillion-dollar cuts to Medicaid, called Medi-Cal in that state, that hits in…Raw Story9d agoWhole story →HealthEconomycalifornia proposition 40 vote
We must tax the wealth of billionaires, not just income. California can lead the way | Ro KhannaWill California stand with the working class or the oligarchs in the vote this November? The Democratic party has a choice to make. Are we going to be New Deal Democrats or corporate Democrats? Are we standing with the working class or the tech oligarchs? Proposition 40, California’s billionaire tax, is the most important ballot initiative in America and…The Guardian6d agoWhole story →JusticeEconomy
