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USA Property

DeSantis’ property tax cuts would cripple local government

Eliminating property tax goes far beyond any trims realized by addressing the proverbial waste, fraud and abuse. It most likely means raising another tax to make up for the lost revenue.Gov. Ron DeSantis holds immigration press event in Palm Beach CountyGov. Ron DeSantis holds immigration Palm Beach County press event with Sheriff Ric Bradshaw, State Rep. Mike Caruso and FDLE Commissioner Mark GlassGov. Ron DeSantis has started talking about eliminating property taxes for Florida homeowners.I don’t think he really means it. For starters, it would make Florida the only state...
Stock Market

How to prepare for recession as US stocks plunge amid Trump tariff fears

Recession fears persist amid inflation and trade warsPresident Donald Trump did not rule out the possibility of a recession in a recent Fox News interview, amid his administration's continuing trade war.The U.S. economy may be heading toward a recession due to recent economic policies and global uncertainty.A recession is characterized by a decline in economic activity, including a drop in GDP, increased unemployment, and reduced consumer spending.Experts suggest preparing for a potential recession by building an emergency fund, reducing debt, and diversifying investments.Are we heading for a recession?On Monday, U.S....
USA Property

Florida ‘Fallen Tree Act’ puts liability on tree owner for damages

Aerial video shows tornado damage amid Hurricane Milton aftermathMultiple tornadoes ripped through Florida ahead of Hurricane Milton, causing significant damage to buildings, trees and power lines.Florida lawmakers are considering a bill that would make property owners liable for damage caused by trees on their property, even if the tree falls on a neighbor's property.The proposed Fallen Tree Act would shift responsibility for tree maintenance and damage from the property owner where the tree falls to the property owner where the tree is rooted.The bill would also allow property owners to...
USA Property

Property taxes unfair. Can Florida afford to drop them?

One top GOP lawmaker said, 'I think we should caution our members as to the outcomes' if Florida axes property taxes.How well will the Florida Legislature work with Gov. Ron DeSantis?FLORIDA TODAY's John Torres discusses the 2025 legislative session with reporters James Call and John Kennedy in this excerpt fro the Florida Pulse.Florida Republicans are considering phasing out property taxes, a move championed by Gov. Ron DeSantis.The proposal faces a significant hurdle: Replacing the $50 billion in revenue property taxes generate for essential services like schools and law enforcement.Critics argue...
USA Property

Gov. DeSantis on property taxes, insurance

He touched on an array of previous legislative victories, careful to note the GOP-led Legislature’s role.Floridians will eventually see lower property taxes, business tax cuts, budget cuts and new restrictions on petitions for constitutional amendments – if lawmakers follow Gov. Ron DeSantis’ agenda for the legislative session.DeSantis laid out his proposals in a 30-minute State of the State speech to the Legislature on Tuesday, the first day of the 60-day regular legislative session.He touched on an array of previous legislative victories, careful to note the GOP-led Legislature’s role. DeSantis enters...
Currencies

Dollar rattled by growth fears as Trump ramps up tariff war

Alden Bentley, Harry Robertson and Ankur Banerjee  |  ReutersTrump doubles tariffs on China; China retaliates with tariffs on US goodsUnited States President Donald Trump doubled the tariff on Chinese imports, bringing that rate to 20%. China retaliated by announcing 15% tariffs on various imports from the US.Fox - SeattleThe dollar fell to a three-month low on Tuesday as concerns about slowing growth and the impact from tariffs on the U.S. economy outweighed any potential boost from new levies on Canada, China and Mexico.President Donald Trump's 25% tariffs on goods from Canada and Mexico took effect Tuesday, along with a doubling of duties on Chinese goods to 20%.In response, China said it will...
USA Property

DOGE closes 13 federal offices in Mississippi, including Social Security

DOGE caucus looks to codify Trump's order to reduce federal workforceDOGE caucus members announced legislation to codify President Donald Trump's executive order to reduce the federal workforce.The Department of Government Efficiency (DOGE) has terminated 13 federal real estate contracts in Mississippi.DOGE claims to be saving taxpayers $3.6 million on the terminated contracts in Mississippi, but previous claims of savings have been inflated.The Department of Government Efficiency has reportedly terminated 13 federal real estate contracts in Mississippi,, including some federal offices according to the department's savings list.Last week, the DOGE Wall...
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