The IRS is planning to cut its workforce by up to 50% through layoffs, attrition, and buyouts, as part of the Trump administration’s broader effort to shrink the federal government. This reduction, which would affect approximately 90,000 employees, includes the recent layoff of 7,000 probationary employees and a proposed “deferred resignation program.” Former IRS commissioners warn that such drastic cuts would severely impair the agency’s functionality. The administration also plans to lend IRS personnel to the Department of Homeland Security for immigration enforcement.
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Michigan communities will share a record $87M in marijuana tax revenue and this is truly a landmark moment for the state. Detroit, being the city with the most recreational marijuana dispensaries, will receive nearly $2 million in revenue from the 10% excise tax. This influx of money can make a significant impact on the city and its residents, providing much-needed funds for various community projects and initiatives.
Wayne County, with the highest number of dispensaries and microbusinesses, will also benefit greatly from this tax revenue, receiving $3.5 million. These funds can be allocated towards improving infrastructure, public services, or even investing in local businesses to further stimulate economic growth.… Continue reading
John Q. Hosedrinker