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Rhode Island Eyes Tax on Rich to Counter Trump Policies [Yahoo! Finance]

Hasbro, Inc. (HAS)  More Company Research Source: Yahoo! Finance
Last hasbro, inc. earnings: 4/29 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.hasbro.com/investor-relations
A proposal for a 3% surtax on incomes of more than $640,000, or the top 1% of earners, is getting a closer look from lawmakers because of the budget hole created by federal cuts to Medicaid, food-assistance and other programs. McKee in an interview said he's open to the surtax if it's paired with tax cuts for businesses, seniors and other groups, a contrast to comments last spring that it wasn't time for such a step. Rhode Island faces an estimated deficit of at least $101 million in the fiscal year that begins in July, according to the state Office of Management and Budget, with the funding gap expected to swell by as much as an additional $70 million depending on the extent of the knock-on effects from federal cutbacks. “We are in a spot where we're going to have to address some of those headwinds that are coming our way from DC,” McKee said. Democrats across the US are increasingly exploring higher taxes on the wealthy as a way to bolster budgets and tackle a K-shaped econom [Read more]
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Stockreport

Rhode Island Eyes Tax on Rich to Counter Trump Policies [Yahoo! Finance]

Hasbro, Inc.  (HAS) 
More Company Research Source: Yahoo! Finance
Last hasbro, inc. earnings: 4/29 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.hasbro.com/investor-relations
A proposal for a 3% surtax on incomes of more than $640,000, or the top 1% of earners, is getting a closer look from lawmakers because of the budget hole created by federal cuts to Medicaid, food-assistance and other programs. McKee in an interview said he's open to the surtax if it's paired with tax cuts for businesses, seniors and other groups, a contrast to comments last spring that it wasn't time for such a step. Rhode Island faces an estimated deficit of at least $101 million in the fiscal year that begins in July, according to the state Office of Management and Budget, with the funding gap expected to swell by as much as an additional $70 million depending on the extent of the knock-on effects from federal cutbacks. “We are in a spot where we're going to have to address some of those headwinds that are coming our way from DC,” McKee said. Democrats across the US are increasingly exploring higher taxes on the wealthy as a way to bolster budgets and tackle a K-shaped econom [Read more]
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LAST PRICE AT
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Multi-day stock performance from the time of the news release
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%
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