Overcast 43°
Tag:

Groceries

Business
Trump Tariffs Take Effect: Expect To Pay More For These Items, Experts Say Trump Tariffs Take Effect: Expect To Pay More For These Items, Experts Say
Trump Tariffs Take Effect: Expect To Pay More For These Items, Experts Say US tariffs on goods from its three largest trading partners -- neighboring nations Canada and Mexico as well as China -- have gone into effect after President Trump signed an order late Saturday afternoon, Feb. 1. Canada and Mexico have been slapped with 25 percent tariffs. The rate for China, America's main economic rival, is 10 percent. Canada also has an adjusted 10 percent rate for energy products, include crude oil. Mexico and Canada account for about 70 percent of US crude oil imports. Now, many economists are warning that American consumers will be paying more for a host of staple i…

SHARE

by Joe Lombardi
Politics
Lamont May Push Legislators To Extend Sales Tax To Groceries, Medication For First Time Lamont May Push Legislators To Extend Sales Tax To Groceries, Medication For First Time
Lamont May Push Legislators To Extend Sales Tax To Groceries, Medication For First Time Groceries and medications may soon be the subject of sales tax as Connecticut Gov. Ned Lamont attempts to cut into a reported $1.5 billion projected shortfall for the upcoming fiscal year. In an effort to close the projected shortfall, Lamont is considering introducing legislation that would see sales tax on groceries and other long-exempt items, according to a ctmirror.com report. The move would come in an effort to “bring fiscal stability” to the state. If approved by lawmakers, taxing groceries and other such items could generate hundreds of millions of dollars annually for the state, he…

SHARE

by Zak Failla