Category: Legislation

Biden’s new taxes won’t cover deficit

For over a year, as a candidate and President, Biden has repeatedly said that tax increases needed to pay for what has turned out to be his staggering multi-trillion dollar deficit spending would be only Bernie Sanders-type tax increases, only on the rich and the big corporations. But the New York Times reported ahead of the budget release that it will include a large, direct tax increase on middle class America as well.

Paycheck protection tax dead

The Vermont Senate Finance Committee included language repealing a provision of a law passed earlier this session that would have subjected forgiven 2021 PPP-Paycheck Protection Program loans to Vermont income tax.

Senate seeks lost loan $$

$5 million allocated in 2010 by the Vermont Legislature for economic development loans hasn’t been recouped as planned. The Senate Economic Development Committee wants to know why, according to a report from the Campaign for Vermont (CFV).

Dems gamble on pension fund – what will it mean for 2022?

The political credibility Progressives bought with labor leaders is not the only factor working in their favor. By delaying the pension issue to next year, Krowinski is not only kicking the can down the road, she’s setting it up for a time closer to the 2022 elections. This issue will be much more ripe in voters minds, and union members in particular will be more likely to recall whatever actions the Legislature takes next session.

Unions hate House pension reform plan

Word began circulating last week that the Speaker had a “secret group” of legislators working on a pension plan, the Campaign for Vermont (CFV) reports. That “secret group” turned out to be the leaders of the House Government Operations Committee, who released their proposal on Wednesday.

Tale of two cities, and non-citizen voting

The Montpelier charter change allowing non-citizen voting passed the House with little difficulty, 103-39. One expected Winooski, with this precedent set, to sail through as well. But it didn’t. There’s a catch – one that should also inspire some second thoughts about Montpelier as that bill goes to the Senate.