The Tax Foundation’s most recent report has unveiled an analysis that places New Jersey and New York at the bottom of the list when it comes to favorable business tax environments within the United States. These two states are currently experiencing a significant exodus of adjusted gross income to states with lower tax burdens, leading to increased demands for tax reforms aimed at enhancing their standings. Conversely, states like Arizona, which have streamlined their tax systems, have witnessed improvements in their rankings.
The Senate Committee on Small Business held a hearing on Wednesday 11/1 on “The Great Outdoors: Small Businesses and America’s Outdoor Recreation Economy”.
The Senate Committee on Health, Education, Labor, and Pensions held a hearing on Tuesday 10/31 on “AI and the Future of Work: Moving Forward Together.”
Bills of Interest
Rep. Glenn Thompson (R-PA-15) introduced a bill to direct the Secretary of Education to establish a pilot program to award competitive grants for the integration of cybersecurity education
Rep. Zachary Nunn (R-IA-3) introduced a bill to require the Secretary of Health and Human Services and the Secretary of Labor to conduct a study and issue a report on grant programs to support the nursing workforce.
At The Agencies
The US Department of Commerce announced that it will undertake key responsibilities in the historic artificial intelligence Executive Order.
The US Department of Labor issued a statement by Acting Secretary Su on the third tentative agreement between the United Auto Workers and major US auto companies.