Debt limit negotiations move to the White House. Spokesman Kevin McCarthy (R-CA) told reporters yesterday that he would send Republican negotiators to the White House to “try to finish the negotiations” President Biden. He was adamant that no White House proposal to raise taxes or freeze, rather than cut, spending would be considered.

California cannabis tax revenue exceeds $200 million in the first quarter of 2023. California raised more than $216 million in tax revenue from the sale of legal cannabis the first quarter of this year, according to the California Department of Tax and Fee Administration. Cannabis tax revenue included $104.3 million from cannabis excise tax and $111.9 in sales tax revenue. Since January 2018, when commercial cannabis companies began legal operations, California has generated nearly $5 billion in tax revenue.

Will Texas families soon have more tax-free items? the texan house passed a bill to exempt sales tax diapers, maternity clothes and menstrual products. The bill has already been approved in the Senate. Most states with sales tax have exemptions for similar products.

The Indiana town is offering $332.9 million in tax breaks to GM and Samsung. The St. Joseph County Council approved a plan to give the car and battery maker tax breaks in exchange for its selection as the site of a $3.5 billion battery cell plant. If selected, the development project would be the largest ever seen in the northern Indiana area. The plant is expected to create 1,600 jobs at an average wage of $24 per hour.

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