By CALmatters PUBLISHED: April 15, 2019 at 6:49 am | UPDATED: April 15, 2019 at 6:54 am For communications professor Jason Jarvis and his wife, Jun, California just got more expensive. The Inglewood couple, who last year paid $16,000 in state and local taxes, were only able to deduct $10,000 of it from their federal taxes this year. The federal Tax Cuts and Jobs Act—signed last year by President Donald Trump and cheered by Republicans in Congress—cost the Jarvis family between $4,500 and $5,000 in deductions, raising their bill from the Internal Revenue Service even after a larger child tax credit for their 15-month-old son, Kellar. The financial hit came with political bruises for Jarvis, a 45-year-old Democrat who disliked how the Republican plan slashed taxes for corporations and people making a lot more than he does. “The federal government really jacked us,” he said. “I don’t have a problem with my tax dollars going toward education, … [Read more...] about ‘The federal government really jacked us’: How Trump’s tax cuts are working out for Californians
Tax credit for first time home buyer 2015
Keith Laing The Detroit News Published 12:01 AM EST Dec 17, 2018 Washington — The furious backlash against General Motors Co.’s restructuring, delivered by official Washington, may be a harbinger of things to come. Even as the Detroit automaker executes a plan to cut 8,000 salaried employees, idle four U.S. plants and imperil 3,300 hourly workers, its crosstown rivals are quietly reshaping their footprints to account for dramatically shifting demand and to bolster their cash hoards to fund next-generation technology. The result is likely to be frustration, confusion and yet more pushback from constituencies outside the executive suites: Why are automakers booking billions in North American profits on fatter profit margins acting like companies desperately managing an imminent recession? And how can they justify the actions when two of Detroit’s three automakers owe their survival to U.S. taxpayers amid the global financial meltdown? GM and … [Read more...] about New GM faces old headwinds in D.C.
Gallery: Growth forecast, cloudier than expected +8 more photos More Info Home valuesHistorically low interest rates, paired with the rapid increase in local property values enticed many to buy into the downtown market. Local and national experts, however, are beginning to warn of a downturn.Downtown Homes 2012Median sales price: $92,000Percent of original list price received: 90.9 percentDays on the market until sale: 131Downtown Homes 2018Median sales prices: $226,250Percent of original list price received: 95.9 percentDays on the market until sale: 38Source: Greater Chattanooga Realtors Association More Info Falling behind in the contest for capitol and talentThe Chattanooga metro area is struggling on some key economic measures, according to a data analysis by Harvard University and the U.S. Economic Development Administration, which scored more than 900 U.S. metros areas on their economic performance.› The metro Chattanooga gross domestic product per capita, an … [Read more...] about Growth forecast, cloudier than expected
Norwegian solar companies seek cooperation opportunity in Vietnam A group of Norway’s leading solar companies attended a Norwegian Solar Seminar in Hanoi on October 15 to look for cooperation opportunities with local partners in the solar energy sector. The event is co-organized by Royal Norwegian Embassy and Power Engineering Consulting Joint Stock Company 1 (PECC1), under the Electricity of Vietnam (EVN) with the attendance of Norweiginan Ambassador designate, Ms Grete Lochen, Commercial Counsellor Mr Harald Naevdal, General Director of EVN PECC1 Mr Pham Nguyen Hung, representatives from the Ministry of Industry and Trade, and over 70 participants from the EVN and its subsidiaries, independent power plant owners, construction companies, private investors from Vietnam and Laos, suppliers and consultants and other stakeholders. At the seminar, an energy consultant of the World Bank presents an overview of Vietnam’s solar energy, highlighting the achievements of … [Read more...] about BUSINESS NEWS IN BRIEF 19/10
Singaporean enterprises seek opportunities in Vietnam A Singaporean mission of nearly 20 firms will visit Vietnam from October 15 to 19 to sound out cooperation prospects. The trip is jointly held by the Vietnam Trade Office in Singapore, the Malaysia-Singapore Chamber of Commerce and Industry and the Singapore Business Federation. According to the organizers, the Singaporean delegation includes representatives of large corporations, such as Sembcorp, which has developed seven Vietnam-Singapore industrial park projects in Vietnam, and NTUC, the retailer accounting for more than half of Singapore’s market share. Besides visits to corporations and industrial parks in Vietnam, there will be trade promotion meetings in HCMC and Can Tho City so that enterprises of the two countries can seek partners and export goods. Representatives of the South Agency of the Ministry of Industry and Trade, the HCMC Department of Industry and Trade and the Vietnam Trade Office in Singapore will also … [Read more...] about BUSINESS NEWS IN BRIEF 18/10