Latest news with #BloombergGovernment
Yahoo
24-03-2025
- Business
- Yahoo
Bloomberg Government's New Report Highlights Key State Policy Trends Shaping 2025
ARLINGTON, Va., March 24, 2025 /PRNewswire/ -- Bloomberg Government today announced the release of its 2025 State Policy Watchlist, which offers an in-depth analysis of five critical state policy trends defining the year. This comprehensive report is designed to outline top issues state-level policy professionals can expect in 2025. The report focuses on major state legislative priorities, including expanded consumer and children's privacy protections, AI regulation to prevent discrimination, cost-of-living initiatives in California, Big Tech crackdowns in New York, and nationwide pay transparency laws. Each section details the implications for organizations and industries, offering strategies to help teams stay ahead of policy developments and understand what legislative issues their state may be tackling in the coming year "Bloomberg Government's latest report provides state-level policy professionals the reliable industry data they need to understand key trends and formulate strategic plans for 2025," said Angela Greiling Keane, news director, Bloomberg Government. "By providing actionable news, analysis, and unmatched expertise, Bloomberg Government's platform is built to support state-level policy professionals with time-saving features and the latest policy intel." Key highlights of the 2025 State Policy Watchlist include: Expanded Privacy Protections: A focus on new legislation protecting consumer, children's, and health data amid the lack of federal standards. AI Regulation: Insights into legislative efforts across multiple states to regulate AI-enabled decision-making and limit discriminatory outcomes. Cost-of-Living Reforms in California: An overview of affordability legislation addressing housing, healthcare, and environment-related costs. Big Tech Scrutiny in New York: Unpacking antitrust initiatives and measures targeting algorithmic bias and corporate regulation. Pay Transparency Laws: Analysis of multi-state requirements for job ad pay range disclosures to address wage gaps. This report reflects Bloomberg Government's commitment to delivering timely, actionable intelligence, enabling government affairs teams to develop and execute strategies with confidence. Subscribers can access the full report through the Bloomberg Government platform to gain deeper insights and take advantage of the platform's in-depth tracking and analytical capabilities. To download a copy of the report, visit About Bloomberg GovernmentBloomberg Government is a premium, subscription-based service that provides comprehensive information and analytics for professionals who interact with – or are affected by – the government. Delivering news, analytics, and data-driven decision tools, Bloomberg Government's digital workspace gives an intelligent edge to government affairs and contracting professionals. For more information or a demo, visit Bloomberg Government. View original content to download multimedia: SOURCE Bloomberg Government Sign in to access your portfolio
Yahoo
10-03-2025
- Business
- Yahoo
Trump's tax cuts could expire by year's end. Which ones are they?
(NewsNation) — The Tax Cuts and Jobs Act could expire at the end of 2025 if lawmakers don't extend the legislation, and a majority of taxpayers could pay the price. 'Without congressional action, 62 percent of filers could soon face a tax increase relative to current policy in 2026,' according to the Tax Foundation, a nonpartisan tax policy nonprofit. 'At the same time, the price tag for extending the 2017 Trump tax cuts is in the trillions.' Congress passed the legislation, a tax reform law that reduced rates across income brackets, in 2017 during President Donald Trump's first term. Which tax cuts are on the chopping block if the legislation isn't renewed by Dec. 31? Ontario will tariff electricity going to 3 US states on Monday, premier says Qualified Business Income deductions Also called the Section 199A deduction, the provision allows many owners of sole proprietorships, partnerships, S corporations and some trusts and estates to deduct up to 20% of their qualified business income, according to the Internal Revenue Service. The QBI deduction applies to tax years from Dec. 31, 2017, through Dec. 31, 2025. It also allows eligible taxpayers to deduct 20% of qualified real estate investment trust dividends and publicly traded partnership income. This does not apply to income earned through C corporations. The tax break primarily benefits the real estate and manufacturing industries. Republicans claim the deduction reduces tax burdens for small and mid-sized businesses. What to know about filing taxes in multiple states Business expense deductions The bonus depreciation, research and development, and business interest deductions could expire. The first allows a business taxpayer to deduct certain capital investments and will be phased out by 2027, according to Bloomberg Government. The research and development credit was increased under the Tax Cuts and Jobs Act, allowing applicable businesses to deduct more on their tax returns. Its future is uncertain. Business interest is the cost of interest on a business loan. The deduction 'will revert to pre-TCJA rules,' according to Bloomberg Government. International taxes An international tax agreement called Pillar 2 applies a 15% minimum tax rate for multinational enterprises with an annual revenue of 750 million Euros, or $814 million. The Tax Cuts and Jobs Act implemented a 'safe harbor' provision, shielding U.S. companies from some of the effects of Pillar 2. 'But given that the safe harbor provisions expire at the end of 2026, Congress will need to decide how to rectify the TCJA and Pillar 2 clash,' according to Bloomberg Government. Trump-district Democrats face risky vote on GOP spending bill The corporate tax rate does not expire. Under the Tax Cuts and Jobs Act, the corporate tax rate dropped from 35% to 21%, so businesses faced lower taxes. This provision does not expire, as lawmakers made the rate permanent. However, Congress is set to review the legislation in its entirety. Trump said he wants an even lower tax rate for companies that make their products in the U.S. His ideal rate is 15%. It's possible the Republican-led Congress could renew a majority of provisions, but lawmakers would need to find a funding source. In 2017, Republicans controlled the House and the Senate, easing the way for Trump's vision of a tax code overhaul. The Tax Cuts and Jobs Act was the largest tax code overhaul in nearly 30 years. Extending the 2017 legislation would reduce federal tax revenue by $4.5 trillion over the next 10 years, according to the Tax Foundation. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
19-02-2025
- Politics
- Yahoo
Kristi Noem Orders Lie Detector Tests to Snuff Out DHS Leaks
Kristi Noem has ordered homeland security administers to take lie detector tests in hopes she can snuff out leakers who have been accused of foiling immigration raids this month. The directive comes after some high-profile raids fell embarrassingly flat—namely one in Colorado that sought to arrest 'hundreds' of Venezuelan gang members but, despite deploying 400 agents, yielded the arrest of just a single alleged gangbanger. Noem's polygraph plans were first reported by Bloomberg Government in what appears to have been yet another leak from Noem's department, which includes border patrol, ICE, TSA, and more. Alex Howard, who was a spokesperson at DHS in the final year of the Biden administration, mocked Noem over this point on Tuesday. A memo from Noem reportedly requires that all staffers be hooked up to a polygraph and asked 'a question about unauthorized communications with media and nonprofit organizations.' The results of those tests, which are infamously unreliable and often not permitted to be used as evidence in American courtrooms, will determine if staffers can 'have initial or continued access to classified information,' Bloomberg reported. A current spokesperson for DHS confirmed the memo was legit, telling Bloomberg, 'DHS is a national security agency. As such, it should and will polygraph personnel.' The department already has a number of lie detector tests on hand. They have been controversially used in the hiring process for border patrol agents for years, despite some GOP lawmakers decrying their high failure rate. Donald Trump's border czar Tom Homan was particularly peeved that the Colorado raid—ordered in hopes of rooting out Tren De Aragua gang members in Aurora —was foiled by an alleged leak. 'This isn't a game,' Homan raged to the Associated Press. 'We know that TDA is dangerous. Everybody can agree to that, but when they get a heads-up that we are coming, it's only a matter of time before our officers are ambushed. Their job is dangerous enough. So we are going to address this very seriously.' The crackdown on leaks is part of a strong-handing trend across MAGA 2.0. It was revealed over the weekend that FEMA had barred staff from media contact without prior authorization from senior officials.
