Charities are waiting to see whether new tax changes, which will reduce the number of Americans who qualify to lower their federal tax bills by using a deduction for giving, will also reduce donations.
Public utility regulators from Oklahoma to Massachusetts are considering lowering the rates that homeowners and businesses pay, after the passage of a federal tax overhaul that reduced the corporate income tax rate by 14 percent.
A wide range of economists and nonpartisan analysts have warned that the bill will likely escalate federal debt, intensify pressure to cut spending on social programs and further widen America's troubling income inequality.
President Trump wants corporate taxes to drop from a top rate of 35 percent to a top rate of 15 percent. But it's not clear if it will end up being that low in the plan, or what kind of break a typical taxpayer would see.
The City-County Council committee vote came after Mayor Joe Hogsett’s top adviser urged members to say yes—the first time the mayor’s office had expressed an opinion publicly about whether the tax increase should pass.