ACC Archives

Tag: taxes
How America’s Bluest State Can Be a Model for the Other 49

(From The American Prospect) California may have the world’s fifth largest GDP, but it also ranks fourth among U.S. states in terms of income inequality and first among U.S. states in poverty, according to the Census expanded definition that takes into account housing costs....

Trump Raises the Stakes for GM Plant Closings

After GM’s announcement to close five plants and layoff 15,000 employees, President Trump threatened to end government subsidies for GM. But he hasn’t stopped there.

Promises, Promises. Amazon Makes HQ Decision

Time will tell if N.Y. and Va. will make up the $2 billion of incentives they used to lure Amazon for their new headquarters, or if the taxpayer will be left with the bill.

Venezuela’s inflation rate just hit 830,000%

From TheSorrentino.com Venezuela was once a relatively rich country. It had a solid middle class, a robust oil industry, reasonably good property rights, and on the whole was solidly the “emerging economies” camp. The same could be said of Zimbabwe...

Florida Voters Take a Stand Against Taxes

Florida voters passed several constitutional amendments in the midterm elections that will reduce existing taxes and more importantly make raising any type of taxes much more difficult in the future. Other states would do well to follow in their footsteps.