Latest Tax reform News

Colombia’s leftist president presents ambitious tax plan

Aug. 08, 2022 20:12 PM EDT

BOGOTA, Colombia (AP) — Colombia’s first leftist president presented an ambitious tax plan on Monday that aims to raise up to $11 billion a year for anti-poverty programs. Gustavo Petro was sworn into office on Sunday, and has promised to fight economic inequality while investing...

New Mexico tax changes benefit lower-income residents

Jul. 20, 2022 00:11 AM EDT

SANTA FE, N.M. (AP) — The tax burden for funding state government and public schools in New Mexico is shifting slightly toward wealthier residents as the state stops collecting taxes on most Social Security benefits. The Legislature's budget and accountability office estimates that...

Editorial Roundup: Illinois

Jul. 19, 2022 10:31 AM EDT

Chicago Sun-Times. July 13, 2022. Editorial: With domestic violence rising, police must make sure victims are safe from firearms threat A domestic violence victim is five times more likely to be killed when their abusive partner can get his or her hands on a gun. ...

Reform prosecutor on the defense in federal tax trial

Jul. 18, 2022 10:48 AM EDT

NEW ORLEANS (AP) — New Orleans District Attorney Jason Williams, elected as a reform candidate in 2020 even as he faced tax charges, arrived at the federal courthouse Monday for jury selection in his trial. Williams and Nicole Burdett, who was an attorney in his law practice, are...

Beshear: 'Enough credit to go around' for budget surpluses

Jul. 14, 2022 17:16 PM EDT

FRANKFORT, Ky. (AP) — Democratic Gov. Andy Beshear said Thursday there's “enough credit to go around” for Kentucky's record-setting budget surpluses during his tenure, as he delved into economic issues amid Republican attacks over surging nationwide inflation that's squeezing household...

Hungarian workers block roads to protest new tax law

Jul. 13, 2022 16:34 PM EDT

BUDAPEST, Hungary (AP) — Protesters in Hungary's capital blocked main traffic arteries for the second day in a row Wednesday in opposition to a tax overhaul pushed through this week by the country's right-wing governing party. Several thousand demonstrators, many of them...

Legislative leaders announce $500M in tax relief proposals

Jul. 11, 2022 08:41 AM EDT

BOSTON (AP) — Legislative leaders in Massachusetts announced plans on Monday for a $500 million tax relief package that includes increases in credits available for older residents, lower-income workers, as well as parents and others with dependants. The package was announced at a...

High court rules wording of 'millionaire tax' summary fair

Jun. 22, 2022 12:55 PM EDT

BOSTON (AP) — The highest court in Massachusetts ruled Wednesday that the wording of a summary of a ballot question for a proposed “millionaire tax” constitutional amendment is legal and the measure can go before voters in November. The amendment, if passed, would impose a 4%...

Petro faces challenges to deliver Colombians promised change

Jun. 20, 2022 18:43 PM EDT

BOGOTA, Colombia (AP) — Colombia for the first time elected a leftist as president, but the slim victory is a cue that a large portion of the country rejects the ambitious proposals of Gustavo Petro, who will have to consider their concerns and negotiate with a divided Congress to deliver on...

Transcript of AP interview with President Joe Biden

Jun. 16, 2022 22:51 PM EDT

WASHINGTON (AP) — A transcript of an Oval Office interview Thursday with President Joe Biden by AP White House reporter Josh Boak. Where the audio recording of the interview is unclear, ellipses or a notation that the recording was unintelligible are used. AP: I wanted to thank you...