Capitol Comments

A state of emergency was declared in eleven states in response to Winter Storm Jonas, which slammed the East Coast last week, killing at least 37 people and leaving 250,000 people without power, according to the Weather Channel. 

A state of emergency was declared in eleven states in response to Winter Storm Jonas, which slammed the East Coast last week, killing at least 37 people and leaving 250,000 people without power, according to the Weather Channel. In addition, the storm could end up causing “multi-billion” dollar economic losses, reinsurance broker Aon Benfield told Fortune on Monday.

In 2016, state sales tax rates look a lot like they did in 2015. In 2015, 45 states plus the District of Columbia levied a sales tax – the same was true on January 1, 2016. In 2015, five states (Alaska, Delaware, Montana, New Hampshire and Oregon) did not levy a sales tax – the same five states did not levy a sales tax on January 1, 2016. Sales tax rates (or lack thereof) remained the same in 49 states and the District of Columbia on January 1, 2016 over 2015 rates. Those rates range from a low of 2.9 percent in Colorado to a high of 7.5 percent in California, with an average rate 5.65 percent.

In 2016, state sales tax rates look a lot like they did in 2015. In 2015, 45 states plus the District of Columbia levied a sales tax – the same was true on January 1, 2016. In 2015, five states (Alaska, Delaware, Montana, New Hampshire and Oregon) did not levy a sales tax – the same five states did not levy a sales tax on January 1, 2016. Sales tax rates (or lack thereof) remained the same in 49 states and the District of Columbia on January 1, 2016 over 2015 rates. Those rates range from a low of 2.9 percent in Colorado to a high of 7.5 percent in California, with an average rate 5.65 percent.

Econ Piggy

The Nation's international trade balance in goods and services. Sales of new single-family houses. Total construction activity. U.S. retail and food services sales for the month. These are just a few of the key economic indicators released on a monthly and quarterly basis by the U.S. Census Bureau, which are in turn used by both the private and public sectors to make data-driven decisions. Last week, the Census Bureau announced that the public will now get access to those data faster than ever.

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