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Biden closes on gas tax decision. President Joe Biden says a Decision on gas tax holiday Could come this week. “I hope to make a decision by the end of the week based on the data I’m looking for,” he said. Over the weekend, Treasury Secretary Yellen said the administration was open to the idea. This could come in the form of a temporary suspension or some sort of waiver check. Most Hill Republicans oppose the tax holiday.
But no gas tax holiday in RI. Gov. Dan Mackie says the budget agreement he signed with state lawmakers includes no gas tax holiday,
Yellen: A recession is not inevitable. He said abc this week he expects the economy to slow In the coming months, but not necessarily falling into recession. The Federal Reserve forecasts that the economy will grow at 1.7 percent this year. It expects the unemployment rate to rise to 3.7 percent by the end of 2022 and to 4.1 percent by 2024.
again preparing for budget reconciliation, Senate talks continue on a slimmed-down Democrat-only social spending, climate and tax bill. Just to be sure, Senate leaders are preparing for a vote in July or early August. It is not clear what they will vote for.
On the hill this week. Selection committee will be organized on economic inequality and fairness in development hearing tomorrow afternoon On the fairness and efficiency of the tax code.
Santa Monica may legalize recreational marijuana sales and is preparing for taxes. So far, Santa Monica only allows the sale of medicinal cannabis, but last month the city council directed employees to conduct a study into legalizing recreational sales. It also asked employees to research the November ballot measure. tax on those sales, The maximum revenue will go to the state.
South Korea will delay its tax on digital assets for two additional years. The South Korean government had planned to implement a 20 percent tax on crypto-asset gains Starting January 1, 2023. After significant backlash from investors, the government says the tax will now come into force in 2025.
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