Latest National taxes News

Judge dismisses Trump lawsuit against NY over tax returns

Nov. 11, 2019 3:46 PM EST

WASHINGTON (AP) — A federal judge on Monday dismissed President Donald Trump's lawsuit against New York officials that was aimed at preventing the release of his tax returns. Judge Carl Nichols handed down a 19-page ruling, finding the U.S. District Court in Washington, D.C., does not have jurisdiction to...

McConnell: Bevin 'had a good 4 years,' but likely lost

Nov. 11, 2019 2:38 PM EST

GHENT, Ky. (AP) — Senate Majority Leader Mitch McConnell says Kentucky Gov. Matt Bevin "had a good four years," but he says a review of Bevin's narrow reelection defeat is unlikely to change the outcome. Bevin trailed Democrat Andy Beshear by about 5,000 votes in the Nov. 5 election. A re-canvass of votes...

Trump lawyers to ask high court to hear tax case by Thursday

Nov. 8, 2019 5:47 PM EST

NEW YORK (AP) — Lawyers for President Donald Trump say they'll ask the U.S. Supreme Court by Thursday to hear an appeal of rulings saying New York state prosecutors can obtain his tax records. Lawyers for Trump and the state prosecutor said in a letter to U.S. District Judge Victor Marrero Friday that they...

Warren health plan departs from US 'social insurance' idea

Nov. 7, 2019 1:48 PM EST

WASHINGTON (AP) — Sen. Elizabeth Warren's plan to pay for "Medicare for All" without raising taxes on the middle class departs from how the U.S. has traditionally financed bedrock social insurance programs. That might impact its political viability now and in the future. While echoing her party's...

Appeals court agrees Trump tax returns can be turned over

Nov. 4, 2019 2:12 PM EST

NEW YORK (AP) — President Donald Trump's tax returns can be turned over to New York prosecutors by his personal accountant, a federal appeals court ruled Monday, leaving the last word to the Supreme Court The decision by the 2nd U.S. Circuit Court of Appeals in Manhattan upholds a lower court decision in...

Why Trump tariffs haven't revitalized American steelmakers

Nov. 4, 2019 12:40 PM EST

WASHINGTON (AP) — President Donald Trump's move last year to tax imported steel triggered jeers but also cheers. Its goal — to raise steel prices — threatened to hurt the legions of U.S. manufacturers that depend on steel. But at least it would benefit U.S. steel companies and the Americans...

Why Trump tariffs haven't revitalized American steelmakers

Nov. 4, 2019 12:20 PM EST

WASHINGTON (AP) — President Donald Trump's move last year to tax imported steel triggered jeers but also cheers. Its goal — to raise steel prices — threatened to hurt the legions of U.S. manufacturers that depend on steel. But at least it would benefit U.S. steel companies and the Americans...

Federal appeals court in New York rejects Trump's bid to keep his tax returns from state criminal investigators

Nov. 4, 2019 10:53 AM EST
NEW YORK (AP) — Federal appeals court in New York rejects Trump's bid to keep his tax returns from state criminal investigators.

Chile backs away from tax breaks on the rich amid protests

Nov. 2, 2019 12:51 AM EDT

SANTIAGO, Chile (AP) — Chile's government said on Friday that it is backing away from a plan to cut corporate taxes following two weeks of protests fed by anger of inequality. Tens of thousands were demonstrating again Friday in the capital, continuing protests that have shaken the country and forced the...

Trump may face fight over planned move from NYC to Florida

Nov. 1, 2019 11:11 PM EDT

NEW YORK (AP) — Donald Trump a Florida man? Not so fast. Despite a stinging "good riddance" tweet from New York's governor, the president's home state may not let him go to Florida without a fight. Trump's plan to shift his permanent residence to Palm Beach will likely be heavily scrutinized by New York...