The Other Shoe Drops—As Feds Cut Taxes, States/Cities Hike Theirs

As the administration of President Donald Trump slashes federal government regulations and taxes, many state and local governments are fighting back with new regulations and tougher enforcement of existing laws. But not only are some states and local governments conducting a “jihad,” against lost revenues, non-government groups such as the Financial Accounting Standards Board (FASB) are implementing new guildelines that impact on every linen, uniform and facility services business’ bottom line.

Unfortunately, whether preventing the FASB and local, state, or even federal lawmakers from increasing the amount of red tape, rules, regulations, fees and taxes that commercial or institutional laundries ...

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