Latest National taxes News

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...

Former tax official gets probation in embezzlement case

Sep. 14, 2021 11:20 AM EDT

BERNALILLO,. N.M. (AP) — A former head of the New Mexico Taxation and Revenue Department has been sentenced to five years of probation for her convictions in an embezzlement case. A state District Court judge for Sandoval County last week sentenced former Secretary...

EU climate chief: energy prices hike should boost transition

Sep. 14, 2021 06:29 AM EDT

BRUSSELS (AP) — The European Union's climate czar said Tuesday the 27-nation bloc should ensure that the most vulnerable people won't pay the heaviest price of the green transition, and pledged measures guaranteeing equal burden-sharing across society, amid a global surge of energy prices....

Democrats seek corporate, wealthy tax hikes for $3.5T plan

Sep. 14, 2021 00:30 AM EDT

WASHINGTON (AP) — House Democrats unveiled a sweeping proposal for tax hikes on big corporations and the wealthy to fund President Joe Biden's $3.5 trillion rebuilding plan, as Congress speeds ahead to shape the far-reaching package that touches almost all aspects of domestic life. ...

Democrats seek corporate, wealthy tax hikes for $3.5T plan

Sep. 13, 2021 17:40 PM EDT

WASHINGTON (AP) — House Democrats unveiled a sweeping proposal Monday for tax hikes on big corporations and the wealthy to fund President Joe Biden's $3.5 trillion rebuilding plan, as Congress speeds ahead to shape the far-reaching package that touches almost all aspects of domestic life....

White House, Democrats tangle over Biden bid to raise taxes

Sep. 11, 2021 08:44 AM EDT

WASHINGTON (AP) — President Joe Biden has a simple message for fellow Democrats about his plan to raise taxes to remake large swaths of the American economy: look beyond the bottom line. Biden is trying to persuade Democrats to embrace a more emotional argument, namely...

AP FACT CHECK: Biden’s goal for cleaner jet fuel may not fly

Sep. 10, 2021 23:53 PM EDT

DALLAS (AP) — President Joe Biden and his team are promoting an agreement reached with the U.S. airline industry to cut aircraft greenhouse-gas emissions 20% by decade's end, but the deal might not fly. In an announcement Thursday, the White House unveiled an array of...