21 Jul, 2024
2 mins read

Lawsuit Pursues Permanency of Michigan’s Income Tax Cut

A coalition of Republican lawmakers, business groups filed a lawsuit against the Michigan treasurer, Aiming permanent roll back of income tax to 4.05% from 4.25%. Lawsuit challenges Attorney General Dana Nessel’s opinion limiting cut to current year The complaint, filed on Thursday, demands declaratory relief from a judge versus State Treasurer Rachael Eubanks in order […]

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State Income Soars: New Mexico Envisions $3.5 Billion Surplus from Oil Production High

New Mexico’s record-breaking oil output is expected to generate an unprecedented multibillion-dollar surplus for the state government throughout the 2018 fiscal year, state economists stated Wednesday. In accordance with forecasts from four state agencies, which include the Legislature’s budget and accountability office, annually state general fund income will rise to $13 billion for the fiscal […]

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Virginia Residents Eligible for $400 Tax Rebate: Check Your Eligibility

Virginia taxpayers may soon receive a one-time tax rebate as part of a long-awaited financial agreement. Gov. Glenn Youngkin recently intimated that Virginia taxpayers might get certain amounts of the funds they paid back in the form of a one-time tax rebate. Initially, Governor Youngkin advocated utilizing the $1 billion surplus to fund further tax […]

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Economic Relief and Tax Rebates: Five States Providing Financial Support

At the peak of the pandemic, the government distributed stimulus payments to assist Americans in overcoming the unique financial challenges that the situation caused. Some states remain to provide financial assistance to their local residents in the form of income and property tax rebates, despite the cessation of stimulus payments distributed during the pandemic. As […]

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Utah Residents to Receive Up to $1,691 in SNAP Direct Payments

In three days, Utah will be sending out the third and final installment of August Supplemental Nutrition Assistance Program payments. The Beehive State distributes food stamps on three different dates each month: the 5th, 11th, and 15th. Payments are typically reloaded on the exact same day each month, based on the initial letter of the […]

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Student Loan Payment Restart: Implications for the Economy in 4 Aspects

After over three years of interest-free deferment on federal student loans, millions of Americans will soon be required to make monthly payments. The effects may spread throughout the economy. Currently, federal student loan debt stands at $1.6 trillion, based on data from the New York Fed’s first quarter Household Debt and Credit Report.  This will […]