Latest National taxes News

Democratic tax bill clears panel, Lamont opposes package

Apr. 22, 2021 19:00 PM EDT

The Connecticut General Assembly's finance committee on Thursday advanced a long list of tax proposals from the majority Democrats that could end up in a final budget agreement, including a new “consumption tax” and capital gains tax on higher income taxpayers and a new child tax credit...

Countering Biden, GOP pitches $568B for infrastructure

Apr. 22, 2021 16:23 PM EDT

WASHINGTON (AP) — A group of Senate Republicans on Thursday unveiled a public works proposal with a much smaller price tag and a narrower definition of infrastructure than what President Joe Biden has proposed, highlighting the stark differences between the two sides that will be difficult...

India reports global record of 314,000 new coronavirus cases as surge taxes health system short of beds and oxygen

Apr. 22, 2021 01:04 AM EDT
NEW DELHI (AP) — India reports global record of 314,000 new coronavirus cases as surge taxes health system short of beds and oxygen.

Medical marijuana legal in Utah, but not always affordable

Apr. 21, 2021 19:59 PM EDT

SALT LAKE CITY (AP) — Pain left from oil-field work defeated traditional pain pills and dominated William Adams’ life — until he tried medical marijuana. But even as he began venturing outside his home for the first time in years, Adams discovered he couldn't afford the cost. ...

Washington House approves new tax on capital gains

Apr. 21, 2021 19:30 PM EDT

OLYMPIA, Wash. (AP) — A new tax on capital gains would be imposed on the sale of stocks and bonds in excess of $250,000 under a measure approved Wednesday by the Washington House. The measure passed on a 52-46 vote after nearly two hours of debate in the Democratic-led...

White House offers new tax credit to help spur vaccinations

Apr. 21, 2021 15:09 PM EDT

WASHINGTON (AP) — President Joe Biden on Wednesday announced new employer tax credits and other steps to encourage people reluctant to be inoculated to get the COVID-19 vaccine as his administration tries to overcome diminishing demand for the shots. The moves came as Biden celebrated...

UK leader denies breaking lobbying rules with texts to Dyson

Apr. 21, 2021 08:51 AM EDT

LONDON (AP) — British Prime Minister Boris Johnson said Wednesday that he did nothing wrong when he exchanged text messages with a wealthy industrialist and promised he would “fix” the tax rules for him. The BBC reported that it had seen messages between Johnson and...

New Mexico labor agency defends tax rates for unemployment

Apr. 20, 2021 15:24 PM EDT

SANTA FE, N.M. (AP) — New Mexico labor officials are responding with reassurances to an onslaught of complaints about increased tax rates on businesses to support unemployment insurance. In addition, the state intends to extend the time employers can file appeals if they suspect...

Pandemic fuels business and politics for GOP nominee

Apr. 17, 2021 14:59 PM EDT

SANTA FE, N.M. (AP) — The Republican nominee for a vacant congressional seat in New Mexico is bringing an unusual perspective to the national discourse over pandemic restrictions and federal relief. Mark Moores, a state senator and co-owner with his wife of the...

Pandemic good Samaritan faces hefty tax bill for his efforts

Apr. 17, 2021 14:39 PM EDT

MANSFIELD, Conn. (AP) — A Connecticut middle school teacher who raised $41,000 to help hundreds of his struggling neighbors during the COVID-19 pandemic got an unwelcome surprise for his charitable efforts: a form stating he could owe $16,031 in income taxes. Louis...