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Thursday, February 25, 2010

WA Governor Approves Suspension of Anti-Tax Law

by taxnick on February 25, 2010

A measure to temporarily suspend the tax-limiting constraints placed on lawmakers by a voter-approved initiative was signed into law by Gov. Chris Gregoire on Wednesday.
Gregoire signed the bill just days after the Legislature approved the measure. The measure takes effect immediately.
“I hope, I expect, the people of the state of Washington will understand we’re in [...]

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Gregg, Wyden Offer Plan to Simplify U.S. Tax Code

by taxnick on February 25, 2010

Two senators Tuesday introduced a proposal to vastly simplify the nation’s tax code by cutting the number of income tax brackets in half and flattening the corporate tax rate.
The plan put forth by Sens. Judd Gregg (R., N.H.) and Ron Wyden (D., Ore.) would lower the number of marginal income tax rates to three: 15%, [...]

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