Ballot Proposal for Income Tax Cut Sparks Debate in Massachusetts

'Here we go again' after CRA pays out another bogus $5M income tax refund, agency insider says

The Canada Revenue Agency has paid out another $5-million refund to a single taxpayer, this time to a B.C. businesswoman, despite what it now alleges was a bogus return that included "illogical" and "falsified" information.

Earned Income Tax Credit would rise to $5,500 per child under new Democratic measure

The bill would also increase the maximum qualifying income to claim the EITC to nearly $100,000 annually.

Anticipating ‘very, very difficult' year, House budget would spend less than Healey

The Massachusetts House Ways and Means Committee released its $63.3 billion proposal Wednesday to increase spending by 3.6% in fiscal year 2027 — a plan that leaders said they crafted while bracing for the potential impacts of ballot questions that could slash revenue, “leaving us with no choice but to make significant budget cuts.” Budget writers had to account for...

Ballot proposal for income tax cut sparks debate in Massachusetts

Breaking News, Sports, Manitoba, Canada

Gov. Hochul reverses position, pushes for tax on NYC second homes worth over $5M to close budget gap

Faced with a state budget that is 15 days late, Kathy Hochul is proposing adding a high-end property tax to New York's multibillion-dollar budget.

Gov. Hochul proposes taxes on NYC homeowners who own second house worth more than $5M

The gov has floated imposing a yearly surcharge on second homes in New York City that are worth $5 million and more, dubbed a pied-à-terre tax, which is aimed at the ultra-wealthy.