California’s tax voucher program — which would allow Californians to pay state taxes ahead of time in exchange for a voucher that can be used to pay income tax obligations in future years — is an intriguing thought experiment. If implemented, it will be an interesting case study for other states to observe and learn from California’s experience. Continue Reading
In late July, Texas Comptroller Glenn Hegar delivered a bleak economic outlook for the state’s economy: the amount of general revenue funds available for the current biennium is expected to be $11.5 billion less than originally estimated. Should the state tap into its rainy day fund to offset the impact of the coronavirus pandemic and facilitate a stable recovery? Continue Reading
This blog post reviews the recent developments of one approach states have been exploring to secure additional revenue during the Covid-19 pandemic — imposing excise taxes on sports betting and on a closely related activity, daily fantasy sports (DFS). Continue Reading
This post reviews current developments in federal and state paid sick leave policies, and examines the key arguments of proponents and detractors. Continue Reading
Covid-19 will continue to alter the start-up space as new sectors emerge and traditional industries fall victim to the digitalization that has only been accelerated by the pandemic. Start-ups need to adapt to the changing consumer environment and preserve their limited resources until the pandemic passes. Continue Reading
With rapidly changing guidelines, lawsuits and uncertain forgiveness processes, will the Paycheck Protection Program, a federal relief program for small businesses, ultimately be a boon or a headache for banks? Continue Reading
With Covid-19 cases continuing to rise in many parts of the country and some reopening plans being put on hold, a greater understanding of relief efforts under the CARES Act can help lessen the economic blow for small businesses. Continue Reading