Latest National taxes News

Biden: Budget talks hit 'stalemate,' $3.5T may take a while

Sep. 25, 2021 02:01 AM EDT

WASHINGTON (AP) — President Joe Biden says that talks over his $3.5 trillion rebuilding plan have hit a “stalemate" in Congress as he made the case for his expansive effort to recast the nation's tax and spending programs and make what he sees as sweeping, overdue investments. ...

Biden: Budget talks hit 'stalemate,' $3.5T may take a while

Sep. 24, 2021 15:50 PM EDT

WASHINGTON (AP) — President Joe Biden said Friday that talks over his $3.5 trillion rebuilding plan have hit a “stalemate" in Congress as he made the case for his expansive effort to recast the nation's tax and spending programs and make what he sees as sweeping, overdue investments. ...

Democrats see tax 'framework' to pay for huge $3.5T package

Sep. 23, 2021 18:08 PM EDT

WASHINGTON (AP) — The White House and congressional Democrats have agreed to a framework of options to pay for their huge, emerging social and environment bill, top Democrats said Thursday. Now they face the daunting task of narrowing the menu to tax possibilities they can pass to fund...

EXPLAINER: Why the debt limit is again roiling Washington

Sep. 23, 2021 00:32 AM EDT

WASHINGTON (AP) — The idea of the U.S. government breaching its “debt limit” sounds scary. But what, exactly, are lawmakers in Washington fighting about? The debt limit is a nearly century-old artificial cap that Congress placed on the U.S. government's ability to...

Trump sues niece, NY Times over records behind '18 tax story

Sep. 22, 2021 02:44 AM EDT

NEW YORK (AP) — Former President Donald Trump on Tuesday sued his estranged niece and The New York Times over a 2018 story about his family’s wealth and tax practices that was partly based on confidential documents she provided to the newspaper’s reporters. ...

Barletta signs anti-tax pledge in GOP campaign for governor

Sep. 20, 2021 14:24 PM EDT

HARRISBURG, Pa. (AP) — Lou Barletta, the former congressman seeking the Republican nomination for governor of Pennsylvania, has signed a pledge from a conservative anti-tax Washington-based group that commits him to oppose tax increases. The pledge, sponsored by...

Biden $3.5T plan tests voter appeal of expansive gov't role

Sep. 16, 2021 15:10 PM EDT

WASHINGTON (AP) — President Joe Biden’s “build back better” agenda is poised to be the most far-reaching federal investment since FDR’s New Deal or LBJ’s Great Society — a prodigious effort to tax the rich and shift money into projects and programs touching the lives of nearly...

Biden $3.5T plan tests voter appeal of expansive gov't role

Sep. 15, 2021 19:16 PM EDT

WASHINGTON (AP) — President Joe Biden’s “build back better” agenda is poised to be the most far-reaching federal investment since FDR’s New Deal or LBJ’s Great Society — a prodigious effort to tax the rich and shift money into projects and programs touching the lives of nearly...

Editorial Roundup: Mississippi

Sep. 15, 2021 13:36 PM EDT

Greenwood Commonwealth. Sept. 9, 2021. Editorial: Response Chilly To Gunn’s Tax Swap Philip Gunn is convinced that if Mississippi would swap its personal income tax for higher sales taxes on most things people in this state purchase, new residents...

Editorial Roundup: U.S.

Sep. 15, 2021 12:09 PM EDT

Excerpts from recent editorials in the United States and abroad: Sept. 15 The Boston Herald on Rep. Alexandria Ocasio-Cortez's “Tax the Rich” dress: Rep. Alexandria Ocasio-Cortez (D-NY) is a woman of the people. So much so...