Brazil Approves Law to Modernize Ports
Brazil's Congress has approved legislation aimed at modernizing and expanding the country's overcrowded ports and attracting private investments in the sector.
Wisconsin Gov. Promises To Use Internet Sales Tax To Lower Income Tax
It sounds like a nice idea, if you don’t own a calculator. The governor of Wisconsin wants to give his residents a tax break, using the revenue from a proposed Internet Sales tax to lower the state’s income tax. “I want to make clear, should federal Marketplace legislation become law, my intention would be for any resulting additional revenue be used to provide individual income tax relief for Wisconsin’s taxpayers,” Wrote Governor Scott Walker to members of Congress. The Marketplace Fairness Act will permit state governments to collect sales taxes from any business that both grosses more than $1M in revenue and has a substantial operating base in their region. Earlier this month, a draft of the bill passed the U.S. Senate with overwhelming bipartisan support, but faces tougher opposition in the House, where Republican leadership is concerned that the law will be a logistical nightmare for small businesses. Although, I wouldn’t get too excited. With 5 million residents in Wisconsin ...
Republicans advance bill to tie student loan rates to markets
WASHINGTON - Republicans in control of the House Education and the Workforce Committee voted on Thursday to advance legislation tying student loan interest rates to the financial markets, a plan they said would give borrowers a better sense of how much they must repay.
Found 2 days ago on channel Reuters
Concealed-carry legislation emerges in Springfield
A bill that would set up the rules to allow concealed weapons to be carried in Illinois has started moving through the state senate.
Bill in U.S. Congress seeks vote on Puerto Rican statehood
SAN JUAN - Puerto Rico's sole non-voting representative to Congress proposed legislation Wednesday that would offer U.S. statehood to the island if its voters wanted it.
Found 4 days ago on channel Reuters