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The House was scheduled to vote Thursday on a GOP plan for cutting income, sales and property taxes by a total of $1.6 billion over three years. Top Republicans want to impose a single personal income tax rate of 5.25%, replacing three rates that top out at 5.7%, starting in 2025. The dispute over the single-rate or “flat” plan blocked a large tax cut in Kansas last year, when a dozen other states cut taxes, according to the conservative-leaning Tax Foundation. Her income tax proposal would increase the standard deductions that all individual filers claim. Kansas Senate President Ty Masterson, a Wichita-area Republican, said retaining an income tax with multiple rates would keep Kansas “behind the eight ball” economically.

Persons: Laura Kelly, Kelly, ”, Sen, Mike Thompson, Republican Sen, Caryn Tyson, Kelly's, Sam Brownback, “ Kansans, ” Kelly, Brianna Johnson, Neva Butkus, Butkus, Kim Reynolds, Ty Masterson, It's, Hannah Fingerhut Organizations: —, Democratic, GOP, Gov, Top Republicans, of Revenue, Tax Foundation ., Kansas City, Republican, Social, Republican Gov, Taxation, Economic, Tax Foundation, Kansas, Associated Press Locations: TOPEKA, Kan, Kansas, Tax Foundation . Kansas, Iowa, Wichita, Des Moines , Iowa

☆ Silicon Valley billionaires want to build a new city in rural California, but locals are skeptical of the project: 'Their secrecy has caused a lot of problems'
▼ + stars: | 2023-09-05 | by ( Janie Har | Associated Press | ) www.businessinsider.com time to read: +9 min

Silicon Valley billionaires revealed plans to build a new city after buying $800 million in land. The land was quietly purchased in Solano County, a rural area near San Francisco and Sacramento. Most of the land purchased is in the southeastern portion of the county, with parcels stretching from Fairfield to Rio Vista. Billionaires want to build a new city in rural California, but they're encountering wavering support from locals and lawmakers. Solano County homes are among the most affordable in the San Francisco Bay Area, with a median sales price of $600,000 last month.

Persons: Jan Sramek, Goldman Sachs, Flannery, Laurene Powell Jobs, Reid Hoffman, Marc Andreessen, Marc Andreeseen, Lauren Powell Jobs, Michael Moritz, Paul Chinn, Countess, Michael Kovac, Sramek, Mike Thompson, Terry Chea, Princess Washington, Thompson, they're, he's, John Garamendi, Hoffman, Andreessen, Ron Kott, Kott Organizations: Service, FRANCISCO, Flannery Associates, Silicon, LinkedIn, New York Times, San Francisco Chronicle, Getty, Fair, Solano, US Air Force, FBI, of Treasury, AP, San Francisco Bay Area, Travis Air Force Base, US Locations: Solano County, San Francisco, Sacramento, Wall, Silicon, Northern California, Solano, Silicon Valley, California, Fairfield, Rio Vista, U.S, United Kingdom, Ireland, walkable, Terry Chea California, California's, San Francisco Bay, Princess, Suisun City, Travis

A Reuters review of testimony, previously unreported public documents and interviews with elected leaders, lobbyists and attorneys detail mounting challenges to many pending anti-ESG bills. The tussles have financial implications for some of the largest investment firms that manage billions of dollars for state pension plans. Lauren Doroghazi, senior vice president at government relations consultant MultiState Associates, said the debates show lawmakers coming to terms with the anti-ESG bills' practical impact. Several public pension systems raised concerns about it, including the largest, the $182 billion Texas Teacher Retirement System (TRS). For instance, if federally-regulated local banks faced new national rules on an issue like climate change disclosures, banks would need special permissions from local officials to keep public business in Utah he said.

☆ Democrats want to make electric bikes much cheaper by giving you up to $1,500 to buy one
▼ + stars: | 2023-03-27 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

A new bill would give Americans up to $1,500 off the purchase of an electric bicycle. The Senate cut this legislation out of the 2022 Inflation Reduction Act, but included subsidies for electric cars and SUVs. Biking advocates argue that electric bikes should be subsidized just as electric cars have been for years. Electric bikes have boomed in popularity in the US over the last several years. E-bike tax credits introduced by cities and states around the country have become hugely popular in recent years.

☆ 8 Phrases That Make You Sound Weak at Work and What to Say Instead
▼ + stars: | 2022-12-30 | by ( Michael Thompson | Mike Thompson Blog | ) www.businessinsider.com time to read: +10 min

Avoid phrases like, "I'm not an expert but..." and "It's just that..." to sound more confident. Plus, according to sociologist Maja Jovanovic in her TED Talk, saying sorry make us appear smaller and timider than we really are. So if you catch yourself complaining instead of saying "sorry for venting" or "sorry for laying this on you," steal a line from Maja and try this simple switch instead — "Thank you for listening." But try to limit how much you say you're sorry when there's nothing for you to be sorry about. This may sound obvious, but "sorry, I'm stupid" happens.

☆ How government spending bill may help prevent abuse of federal tax incentive for land conservation
▼ + stars: | 2022-12-28 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

The $1.7 trillion federal spending bill includes a new change that will curb the abuse of tax incentives for land conservation. The $1.7 trillion federal spending bill includes a new change that will curb the abuse of tax incentives for land conservation. Federal conservation easements enable property owners to take a charitable deduction when they give up certain rights to develop land. The original bill was introduced in the House by Rep. Mike Thompson, D-Calif., and Mike Kelly, R-Pa., and in the Senate by Sens. "This is a great victory for conservation," said Lori Faeth, senior director of government relations at the Land Trust Alliance, a national land conservation organization that has advocated for the bill since it was first introduced.

WASHINGTON, Oct 6 (Reuters) - A production cut by the OPEC+ oil cartel is reigniting U.S. voters' No. The move late in the campaign season unsettled a growing consensus that Biden's Democrats could stem their losses in the U.S. House of Representatives -- though they are still expected to lose their narrow majority. Republicans have hammered Democrats all year over inflation, which has reached four-decade highs as gasoline prices surged with Russia's March invasion of Ukraine. Moscow is also a member of OPEC+ and played a role in the cartel's decision this week to cut output. Forecasters do not expect gasoline prices to surge back to summertime highs.

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