This week, Governing’s Future of Finance examines the moves made in advance of tax season, California’s crackdown on traffic fine scofflaws, the world’s largest money manager is making the climate crisis its primary investment criterion, and MIT’s “significant” Jeffrey Epstein mistakes.
Businesses that make more than $10 million a year need to pay up to 6 percent more in taxes in the California bill that received Abigail Disney’s support. “This is a problem of corporate culture 50 years in the making.”
The federal tax law change took place in 2018, but the revised form has just been released. The IRS hopes the new W-4 is more transparent and less complex. But there are a few changes to be aware of.
Traffic fines in California can be quite expensive, often more than the monthly disposable income for many families. Officials are thinking of reworking the program to make it more feasible and to make sure the state gets paid.
Gov. Kim Reynolds’ plan to “Invest in Iowa” would mean raising sales tax by a penny but decreasing both property and income tax. But it also hopes to improve water quality, conservation, and outdoor rec opportunities.