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Federal aid could hobble new state tax cuts and credits


Federal aid could hobble new state tax cuts and credits
By Paul Bonner
A condition attached to $350 billion in relief for state and local governments by the American Rescue Plan Act (ARPA), P.L. 117-2 that states may not use the money to offset their own tax reductions may prove problematic, and is perhaps unconstitutional, tax practitioners said.
ARPA’s Coronavirus State Fiscal Recovery Fund appropriates $220 billion in fiscal year 2021 for states, U.S. territories, and Tribal governments to mitigate the fiscal effects of the COVID-19 pandemic, available through the end of 2024. Another $130 billion is earmarked for similar payments to cities, counties, and other local governments (Section 9901 of ARPA, Title IX, Subtitle M). The funds may be used for a broad range of state and local governmental costs and aid, assisting households, small businesses, and not-for-profit organizations. The money may be used for grants and premium pay to essential workers, infrastr ....

United States , New Mexico , Janet Yellen , Jamie Yesnowitz , Dave Yost , Laura Schultz , Washington National Tax , Coronavirus State Fiscal Recovery Fund , Tax Executive Committee , Grant Thornton , Rockefeller Institute Of Government , How Is Congress Or Treasury , American Rescue Plan Act , State Fiscal Recovery Fund , Social Security Act , Local Tax , Rockefeller Institute , Antonio Di Benedetto , Ohio Attorney General Dave Yost , Treasury Secretary Janet Yellen , ஒன்றுபட்டது மாநிலங்களில் , புதியது மெக்ஸிகோ , டேவ் யொஸ்ட் , லாரா ஶுல்ட்ஸ் , வாஷிங்டன் தேசிய வரி , வரி நிர்வாகி குழு ,

The 10 'Donor States' That Give More to the Feds Than They Get Back


SPEED READ:
Ten so-called donor states pay more in taxes to the federal government than they receive back in funding for things like Medicaid or education.
Connecticut tops the list of donor states. Residents there receive just 74 cents back for every $1 they pay in federal taxes.
Thanks to 2017 s federal tax overhaul, the number of donor states could grow. That s because the amount residents owe in federal taxes will increase now that the state and local tax deduction is capped.
 
Residents in Connecticut, Massachusetts, New Jersey and New York have some of the highest tax bills in the nation. They also pay thousands more in federal taxes than their state receives back in federal funding. ....

New York , United States , New Hampshire , New Jersey , North Dakota , Los Angeles , Michelle Cummings , Laura Schultz , Los Angeles Times , Washington Metropolitan Area Transit Authority , Rockefeller Institute Of Government , Moody Investors Services , Rockefeller Institute , Pacific Gas , Federal Shutdown Affects Public , Investors Services , Washington Metropolitan Area Transit , Donor States , Federal Taxes , Federal Tax Overhaul , Federal Tax Law , Federal Tax Reform , Salt Cap , State And Local Tax Deduction , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் ,

Local musicians come together to perform 'Let it Be'


Dec 24, 2020
Local musicians came together to record a rendition of the Beatles song ‘Let it Be,’ which was posted on the Coffee Hag’s Facebook page last week.
Courtesy Colin Scharf
MANKATO — It was early April, and Coffee Hag owner Jenn Melby-Kelley was feeling stressed and overwhelmed.
For weeks she had been trying to figure out a way to keep revenue streaming in for the popular coffee shop following Gov. Tim Walz’s executive order closing restaurants, bars and other public places on March 17 to slow the spread of COVID-19.
“I was really overwhelmed, angry and frustrated,” Melby-Kelley said. “I had just put my stuff down by my computer when I heard the song “Let it Be” on the radio, and I just started sobbing.” ....

Hanna Cesario , Kaleb Braun Schulz , Tim Walz , Laura Schultz , Colin Scharf , Coffee Hag , Jenn Melby Kelley , Good Night Gold Dust , ஹன்னா சிஇஎஸ்ஏஆர்ஐஓ , காலேப் மூளை ஶுல்ஸீ , நேரம் வால்ஸ் , லாரா ஶுல்ட்ஸ் , கொலின் ஸ்கார்ஃப் , கொட்டைவடி நீர் ஹாக் , நல்ல இரவு தங்கம் தூசி ,

Good Night Gold Dust on new Mankato holiday album - and recommended winter reads


December 17, 2020
Detail from single artwork for Good Night Gold Dust s O Holy Night, from the River City Holiday compilation.
(Good Night Gold Dust)
Good Night Gold Dust are an indie band based in Mankato, Minnesota. Amidst pandemic lockdowns, the band s Colin Scharf and Laura Schultz have been helping to keep their local community connected through projects including a Beatles cover video and a new album of holiday recordings by Mankato artists.
Scroll down to watch my complete conversation, via Instagram live, with Laura and Colin. In addition to discussing their musical projects, we talked about our favorite recent reads and upcoming Rock and Roll Book Club picks. ....

United States , Andrea Swensson , Laura Schultz , Colin Scharf , Troll Book Club , Free Press Media , Good Night Gold Dust , Local Show , River City Holiday , Yuletide Collection , City Holiday , Mankato Music , Free Press , ஒன்றுபட்டது மாநிலங்களில் , ஆண்ட்ரியா ஸ்வென்சன் , லாரா ஶுல்ட்ஸ் , கொலின் ஸ்கார்ஃப் , ரோல் நூல் சங்கம் , இலவசம் ப்ரெஸ் மீடியா , நல்ல இரவு தங்கம் தூசி , உள்ளூர் காட்டு , நதி நகரம் விடுமுறை , நகரம் விடுமுறை , மங்கதோ இசை , இலவசம் ப்ரெஸ் ,