When Washington Governor Bob Ferguson proposed the state’s first income tax in modern history, he said the word “affordability” five times. Ferguson on Tuesday asked the legislature to craft a 9.9% tax on personal income over $1 million, which would revolutionize a state revenue system heavily reliant on sales and property tax. Although his fellow…
Mitt Romney, the 2012 Republican presidential nominee and former U.S. senator from Utah, has long been known for fiscal conservatism and tax cuts. But in a Friday op-ed for The New York Times, he reversed course, calling for higher taxes on rich Americans like himself to address the looming national debt crisis and prevent the…
Despite criticism that they were acting too fast, state utility regulators on Thursday approved DTE Energy’s proposal to supply power for Michigan’s first hyperscale data center — while tacking on a host of conditions that aim to protect ratepayers from subsidizing the facility. The approval, made over shouts of disapproval from onlookers gathered in a…
The U.S. Treasury asked major philanthropic donors to contribute to new investment accounts for children Wednesday as part of what Secretary Scott Bessent called a “50 State Challenge” to raise funds for the Trump Accounts program. “The president is calling on our nation’s business leaders and philanthropic organizations to help us make America great again…