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States cranking out even more tax cuts amid cash surpluses

March 21, 2023 by www.chron.com Leave a Comment

JEFFERSON CITY, Mo. (AP) — Just six months after passing what was billed as the largest tax cut in Missouri history, the Republican-led state House voted Tuesday for an even bigger income tax cut that could return over $1 billion annually to individuals, corporations and retirees. The Missouri legislation is the latest in a series of aggressive tax reductions that swept across U.S. states last year and have continued into 2023 — even as some warn that it might be wise for states to hold on to record large surpluses amid economic uncertainty. “Wouldn’t it be a good idea for us to all just pause for a year?” Democratic state Rep. Deb Lavender asked rhetorically before her Republican colleagues endorsed the tax cut on a 109-45 party-line vote. The Missouri legislation still has a ways to go — it needs a second House approval before it can move to the Senate and then to the governor. But legislatures and governors in several states already have given final approval to tax cuts and … [Read more...] about States cranking out even more tax cuts amid cash surpluses

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Jeddah confirmed pace of AMR23, says Aston Martin F1 boss

March 21, 2023 by www.motorsport.com Leave a Comment

Listen to this article Fernando Alonso finished a strong third in the season opener at Sakhir, albeit helped by the retirement of Charles Leclerc . Last weekend, Leclerc outqualified Alonso, but the Ferrari driver dropped back on the grid due to a penalty. But in the race, Aston Martin showed much better pace than the Maranello cars and Alonso earned third on merit, with only the two Red Bulls ahead. "I think this weekend confirmed," said Krack when asked if a second strong race had convinced the team that its car can be quick at a variety of tracks. "I think we need to be careful with such conclusions. We have two data samples, from two completely different tracks. And in these two tracks, we were competitive, but there are some others. "And we must also not underestimate it, because it's a relative game, it could also be that one of the competitors has had issues that we are not aware of, and that could remix the order. "So I think we need to wait and … [Read more...] about Jeddah confirmed pace of AMR23, says Aston Martin F1 boss

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