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Hometaxes

Posts tagged: taxes

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Richard Shelby’s retirement could mean less federal dependency, more fiscal responsibility for Alabama and the nation

December 29, 2022
by Justin Bogie EditorialsFiscal Policy

Last week, the United State Congress passed a $1.7 billion omnibus spending bill, averting a partial government shutdown and securing funding for the rest of fiscal year 2023. The bill includes $800 million for domestic funding and $858 million in de ...

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Lawmakers should take less money from you in 2023, not look for ways to spend more

December 21, 2022
by Justin Bogie EditorialsFiscal Policy

Despite early projections that a potential recession may not have as hard-hitting of an impact on Alabama as previously expected, do not expect permanent tax relief for Alabamians in 2023. That was the message provided Friday night by incoming chair ...

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Alabama 1.4 Billion resize

Is this what fiscal conservatism looks like?

November 28, 2022
by Justin Bogie EditorialsFiscal Policy

Last week, a Washington Examiner columnist wrote an opinion piece entitled “Fiscal conservatism doesn’t always mean tax cuts.” It highlighted recent comments by the Alabama House of Representatives’ newly elected Speaker Pro Tem Chris Pringle (R-Mobi ...

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Medicaid Expansion Resized

Consequences of Medicaid expansion go beyond dollars and cents

November 16, 2022
by Justin Bogie EditorialsFiscal Policy

State Sen. Chris Elliott (R-Josephine) feels that a push for Medicaid expansion could come from Republican legislators when the new legislative quadrennium starts in March 2023. In a recent interview on the “Jeff Poor Show,” Elliott reiterated that h ...

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When it comes to tax cuts, actions speak louder than words — Alabamians are watching and waiting

November 15, 2022
by Justin Bogie EditorialsFiscal Policy

As Governor Kay Ivey prepares to enter her second full term in office, could permanent tax relief finally be in the cards for Alabamians? The answer is, maybe, but it still seems unlikely that sweeping tax reforms for citizens are on the horizon. ...

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Grocery and other permanent tax cuts ‘on the table’ in 2023, but lawmakers should think bolder

November 8, 2022
by Justin Bogie EditorialsFiscal Policy

The talk of the legislature pursuing meaningful tax cuts during the 2023 regular session continues to pick up momentum. That is good news for Alabamians, though state lawmakers continue to hedge their bets as to whether the talk will become reality.T ...

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Lawmakers must use historic surplus to protect Alabamians, not protect government

October 27, 2022
by Justin Bogie EditorialsFiscal Policy

Over the past month, there has been increased discussion amongst Alabama lawmakers about what state government should do with the historic $2 billion revenue surplus it amassed heading into fiscal year 2023. So far, the two main proposals have been u ...

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Alabamians deserve permanent tax relief, not just a one-time check

October 19, 2022
by Justin Bogie EditorialsFiscal Policy

In fiscal year 2022, Alabama’s state government collected over $13 billion in total revenue. It marked the fourth straight year the state has had a revenue surplus of at least $600 million. The $2 billion revenue surplus of 2022 marked a 15% growth c ...

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Permanent tax relief is ‘very important’ to Alabamians

October 12, 2022
by Justin Bogie EditorialsFiscal Policy

Appearing Friday night on Alabama Public Television’s “Capitol Journal,” State Senate President Pro-Tem Greg Reed (R-Jasper) said that Alabama’s record $2 billion revenue surplus was a “one-time thing” should not be spent like “water through our fing ...

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Election-Year Expectations Resize

Another ‘record’ surplus in 2022 proves that Alabama can afford historic tax relief

October 10, 2022
by Justin Bogie EditorialsFiscal Policy

Last Friday marked the end of the 2022 fiscal year. For the Alabama state government, it was another record-breaking year. In 2022 the state took more tax dollars from citizens than ever before, ending the year with a $2 billion revenue surplus. In t ...

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