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Debt Consolidation in Vermont

Vermont MapAs one of the smaller states in the United States, Vermont has the 2nd smallest population compared with all of the other states in the country. Because of the small population, it might be easy to assume that Vermont doesnít have as many difficulties with personal debt. But, the truth is that there are many Vermont residents looking for a solution to overcome their personal debt struggles, and they often turn to debt consolidation as a solution to help them dig out of the hole of financial bondage.

Vermont is the leading provider of maple syrup, which is a big part of the industry in the state. Even though the demand for maple syrup stays high, there are some employees who have found themselves in personal debt because they spent more money than what they earned.

The economy in Vermont has actually been stagnant in recent years, and the Bureau of Economic Analysis reported that the gross state product of Vermont is the lowest in the country. Because of the low revenues, it is harder for people to find a job that pays enough to cover their living expenses.

People who are living paycheck to paycheck can have a hard time dealing with unexpected financial burdens such as medical expenses, unemployment, or even the regular financial burdens of raising a family and maintaining a home.

If you live in Vermont and you have found yourself in the position where you are having a hard time getting out of debt, then you might consider debt consolidation. This process involves consolidating all of your loans into one easy monthly payment, so that you can afford the required payments and you donít have to worry about dealing with multiple creditors every month.

Taking control of your financial future is a great way to relieve the burden that you are experiencing each month, and many people find that their stress is greatly reduced when they decide to consolidate their loans.

 

Tax-writing committee asked to reverse last year's deduction change

But last year, adjusting to federal tax changes, Vermont lawmakers decided to alter that state deduction and many others, creating a class of taxpayers who did not qualify for the deductions anymore.

Published:  Wed, 20 Feb 2019 11:15:00 GMT



Democrats Want to Tax the Wealthy. Many Voters Agree.

The tax-the-rich sentiment is strongest by far among Democrats ... emerged as a central theme in the Democratic primary campaign. Senator Bernie Sanders, the Vermont independent who three years ago ra...

Published:  Wed, 20 Feb 2019 19:25:00 GMT



Crumbling Local Roads Fuel Talk of a Vermont Gas Tax Hike

Chris Viens has watched with dismay as the roads in Waterbury have steadily deteriorated under his feet. His town's underfunded highway crews, facing greater maintenance needs and stagnant state aid, ...

Published:  Wed, 13 Feb 2019 07:04:00 GMT



Ferrari capital of Northeast braces for statewide motor vehicle tax

Florida and Vermont license plates could become more prevalent in the Ferrari capital of the Northeast. Greenwich charges the lowest motor vehicle tax rate in the state of Connecticut, but residents a...

Published:  Tue, 19 Feb 2019 08:58:00 GMT



Vermont bill would raise fuel taxes to aid electric vehicle purchases

A new bill in the Vermont General Assembly would raise the state's fuel tax by a nickel to help electric vehicle and other alternative-fuel vehicle owners. Vermont now collects a 12-cent excise rate o...

Published:  Mon, 18 Feb 2019 15:19:00 GMT



Americans shocked by impact of new tax law: "My jaw hit the floor"

The first tax filing season under the new federal tax law is proving ... Smollett concocted the staged attack" The longtime independent senator from Vermont told "CBS This Morning" he's running for pr...

Published:  Tue, 19 Feb 2019 06:01:00 GMT



How poverty and inequality are motivating Democrats on tax policy

It is a twofold push. Candidates' are outlining new plans to reduce poverty and blasting the Republican tax cuts, especially the corporate cuts, as giveaways to the rich. Sen. Bernie Sanders, I-Vt.: I...

Published:  Tue, 19 Feb 2019 15:35:00 GMT



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