Latest news with #Hosterman
Yahoo
21-05-2025
- Business
- Yahoo
Utah taxpayers may take a hit if 2017 cuts expire
SALT LAKE CITY (ABC4) — A new report shows that Utah taxpayers could be in for a major hit by the end of 2025, unless Congress passes President Trump's 'The One, Big, Beautiful Bill'. If Congress fails to extend the , which is under the bill, Utah will face an average tax increase of $3,166 per filer, per the from the (NTUF). President Trump originally signed the law during his first term. Along the Wasatch Front, federal income tax increases could range anywhere from $2000 to $4000, depending on salary, deduction elections, dependents, housing, and multiple other factors, Billy Hosterman, President of the Utah Taxpayers Association, told READ ALSO: Here's what the Utah legislature did with tax cuts in 2025 On Tuesday, President Trump pushed the House of Representatives to pass the 'One, Big, Beautiful Bill' that Republicans claim delivers permanent tax cuts and bigger paychecks, along with no tax on tips or overtime, and provides historic tax relief to Social Security recipients. According to , the permanent tax cuts outlined in the bill would net 'an extra $5000 in Americans' pockets with a double-digit decrease to their tax bills. Americans earning between $30,000 and $80,000 will pay around 15% less in taxes.' Nonpartisan scorers and think tanks estimate that it would cost trillions of dollars over the next decade. Conservatives are insisting on quicker, steeper cuts to federal programs to offset the costs of the trillions of dollars in lost tax revenue. At the same time, a core group of lawmakers from New York and other high-tax states want bigger tax breaks for their voters back home. There's also bipartisan concern about what the cuts would mean for federal health and nutrition programs. The current bill includes reforms to Medicaid which could see millions of Americans lose coverage over the next 9 years. Currently, some members of Congress are from $10,000 to as high as $80,000 for married couples. According to the NTUF analysis, Utah taxpayers would receive less than 1% of the total benefit of raising the state and local tax (SALT) deduction cap. SALT Caucus, GOP leaders emerge from late-night meeting without crucial deal 'It's rewarding to states that have high taxes, so then they could be written off on the federal level, whereas Utah is a low tax state relative to others, which is why it's not beneficial to us,' Hosterman told Regardless, Hosterman said 'it will be an increase for us all if something isn't done.' Hogle Zoo is aglow with giant lanterns and one wild night Disneyland at 70: The happiest celebration you cannot miss BestReviews Epic Deals: Budget beauty finds that actually work Discover what makes Soldier Hollow Classic the world's most elite sheepdog show and why you should go Johnson, SALT Republicans zero in on critical agreement Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
28-01-2025
- General
- Yahoo
County officials continue working to help Eagle Creek sewage system
EAGLE CREEK, Pa. (WTAJ) – Centre County officials are taking the next step to try and restore Eagle Creek's sewage system, but the clock continues to tick down for the small community. According to officials, the Department of Environmental Protection told Eagle Creek in 2018 that they needed to connect their sewer line to the nearest sewage plant, Mid-Centre County Authority. Seven years later the project is still far from completion. The county has detailed its plan to connect a sewer line from Eagle Creek to the nearby Unionville, but with an estimated $1.8 million price tag, it will need some financial help. They are applying for the highly competitive Community Development Block Grant from the Department of Community and Economic Development (DCED) – something they have failed to secure twice before. This time, though, they are hoping will be the one. Topper, Stefano announce $124,780 grant to advance Old PA Pike Trail Development 'I feel confident. And we do have, I feel like, very strong support,' Community Development Project Coordinator Leslie Hosterman said. Hosterman says taking the 'affordable housing angle' will strengthen their chances and get the DCED to see 'the need for that project in that area.' Despite sweetening the deal, there is still no guarantee the county will be awarded the grant. If they fail for a third time, Commissioner Chair Mark Higgins says they will reach out to state legislators. 'With the divided control in Harrisburg, we have both, two state senators from the majority party and two state representatives from the majority party,' Higgins said. 'So hopefully we can keep working those angles.' As the project makes its way through the county government, the timer ticks down on Eagle Creek's system. Higgins said failure to fix the issue could mean 'losing 33 affordable homes' and would leave families 'financially devastated.' The submission deadline is Feb. 7, and Hosterman says they hope to receive the DCED's verdict around April 2025. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
