Rise to the Moment of Truth Monday, June 17, 2024

Tag: TAX CUTS

grocery tax Alabama News
Lt. Gov. Will Ainsworth: Alabama's historic grocery tax cut goes into effect, but more work remains to finish the job

Alabamians are feeling a bit of relief at the grocery store checkout lines as a result of the tax cut on food that a coalition of conservative lawmakers and I pushed through the legislature during the 2023 regular session. 

Governor Kay Ivey gave remarks to the Austal USA’s Women’s History Month Luncheon at Austal USA Monday March 20, 2023 in Mobile Alabama News
Justin Bogie: Will Ivey listen as momentum for permanent tax relief grows?

Alabamians have made it clear that they don’t want a rebate check. Top lawmakers are now on the same page. Will Gov. Ivey listen?

Ledbetter Alabama News
House Speaker Ledbetter: Movement on grocery tax cuts 'very possible'

Since Gov Kay Ivey suggested a $200 tax rebate for Alabamians, debate has raged on the benefits of tax rebates over against tax cuts, specifically cuts on the state’s grocery tax.

AL Legislature Alabama News
Justin Bogie: Relief bills moving through the Alabama legislature are a good start

It is a positive development that Alabama lawmakers on both sides of the aisle are presenting serious proposals to reduce the tax burden of Alabamians.

tax cut Alabama News
Two bills to cut state taxes at lowest and highest brackets pass House committee

Two bills offering tax cuts to Alabamians passed through the House Ways and Means Committee on Wednesday.

Will Ainsworth Alabama News
Ainsworth: Tax cuts ‘better policy’ than rebates

Tax cuts are a better policy than one-time tax rebates, according to Lt. Gov. Will Ainsworth.

Will Ainsworth Alabama News
Lt. Gov. Ainsworth calls for state grocery tax reduction — 'We must take action now'

Lt. Gov. Will Ainsworth said on Friday that he was working on legislation to reduce the state’s grocery tax.

Tax Relief2 Alabama News
Justin Bogie: How will Alabama lawmakers cut taxes in 2023?

Judging from Gov. Kay Ivey’s speech last Tuesday, as well as several bills filed by Alabama lawmakers, it looks like some tax relief is in the cards for 2023.

AL Senate Jones Andrew Facebook Alabama News
State Sen. Jones files bill capping local occupational taxes at 1%

State Sen. Andrew Jones (R-Centre) filed legislation that would reduce existing local occupational taxes incrementally down to 1% and exempt some employees from the tax.

Governor Kay Ivey Alabama News
Ivey’s proposed budget prioritizes tax rebate, no tax cuts

Gov. Kay Ivey is including a one-time tax rebate, but no permanent tax cut, in her proposed budget for the next fiscal year.

U.S. Department of Treasury Alabama News
Alabama wins federal case challenging Biden administration ban on state tax cuts

A federal court ruled in favor of Alabama in a dispute against the U.S. Department of Treasury over a provision in the Biden Administration’s $1.9 trillion American Rescue Plan (ARP) that would have punished states for cutting taxes.

David Bronner1 Alabama News
RSA’s Bronner tells legislators to 'think long and hard' about tax cuts

Despite large state budget surpluses, legislators should “think long and hard” about cutting taxes in 2023, according to Dr. David Bronner, Retirement Systems of Alabama’s CEO.

tax money Alabama News
Three possible tax cuts in Alabama in 2023

Alabama was one of the only southeastern states in 2021 and 2022 to not offer its citizens any major, broad-based sales or income tax relief despite large state budget surpluses recently.

Taxes, cut taxes Alabama News
Justin Bogie: Lawmakers should take less money from you in 2023, not look for ways to spend more

Despite early projections that a potential recession may not have as hard-hitting of an impact on Alabama as previously expected, do not expect permanent tax relief for Alabamians in 2023.

Money, dollars, bills Alabama News
Stephanie Holden Smith: Finders keepers, losers weepers

Withholding is arguably one of the most damaging things ever done to our country because it allows the government to take what is rightfully earned by you (your money) before you even get your hands on it.

AP167445531997 Alabama News
Education budget chair State Sen. Orr says tax rebate, cut both under consideration

Lawmakers are grappling with what to do with a $2.7 billion education budget surplus with the 2023 legislative session around the corner.

Alabama flag money Alabama News
Justin Bogie: Is this what fiscal conservatism looks like?

The basic argument made by Rep. Pringle is that Alabama and the national economy will soon be in a steep decline. Because of this, the inference is that it would be fiscally irresponsible to provide permanent tax cuts to Alabamians.

Reeves Alabama News
Mississippi plans income tax elimination while Alabama plans temporary rebate

Mississippi Gov. Tate Reeves (R) announced Tuesday his plans to further reduce the state's income tax until it is entirely eliminated over the next four years.

tax cut, taxes Alabama News
Justin Bogie: Grocery and other permanent tax cuts 'on the table' in 2023, but lawmakers should think bolder

The talk of the legislature pursuing meaningful tax cuts during the 2023 regular session continues to pick up momentum.

AL Senate Orr Arthur Alabama News
State Sen. Orr predicts both tax cuts, rebate — 'So much depends on where we are with the economy in March'

Lawmakers have been mixed in their public comments about what to do with a $2 billion budget surplus.

Reed Alabama News
Senate Pro-Tem Reed tepid on possibility of budget surplus used for tax relief

Reportedly, tax revenues into Alabama's Education Trust Fund (ETF) hit a record $10.4 billion, a whopping 20.54% higher than a year earlier. 

IveyNoem Alabama News
South Dakota, West Virginia governors announce major tax cut plans. What about Alabama?

In another sign that Alabama needs to pass major tax relief soon to remain competitive with much of the rest of the nation, South Dakota Gov. Kristi Noem and West Virginia Gov. Jim Justice both announced major tax cut proposals for their respective states this week.

AL Senate Jones Andrew Facebook Alabama News
State Sen. Jones plans bill to phase out occupational taxes

Many Alabamians may soon find some financial relief if State Sen. Andrew Jones' (R-Centre) bill to reduce municipal occupational taxes makes it through the Legislature next session.

Recession Alabama News
Recession fears complicate tax talks in Alabama: 'There’s scary times out there'

Will the United States, and thus Alabama have been in or be in a recession by this time next year?

tax money Alabama News
Alabama on 'an island' in Southeast — No major tax relief in 2021 and 2022

Alabama was the only state in the Southeast to not offer its citizens any broad-based, major sales or income tax relief in 2021 or 2022.

AL State House Ashley Carter Alabama News
House General Fund budget chair rules out ARPA-based tax break; says relief could come from education budget

According to State Rep. Steve Clouse (R-Ozark), tax relief will not likely be a part of the ARPA appropriations but could come from other sources.

File 82137e86 450d 4cd7 b5e7 412f90393337 Alabama News
House passes bill to give tax breaks to commercial fishermen

The Alabama House of Representatives on Thursday passed legislation to give ad valorem tax breaks for commercial fishermen. House Bill...

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