Latest National taxes News

FILE - In a Sept. 21, 2016 file photo, Kevin Marsh, CEO of SCANA Corp., speaks to the media at the V.C. Summer Nuclear Station near Jenkinsville, S.C. The Securities and Exchange Commission sued SCANA Corp., its subsidiary South Carolina Electric & Gas along with the utility's former CEO Kevin Marsh and Executive Vice President Stephen Byrne on Thursday, Feb. 27, 2020. Federal officials say two former executives at a South Carolina utility, former CEO Kevin Marsh and Executive Vice President Stephen Byrne lied repeatedly to regulators and investors about the progress of construction of two nuclear reactors, taking hundreds of millions of dollars out of the pockets of investors and ratepayers. (AP Photo/Chuck Burton, File)

Securities agents sue 2 SC utility execs over nuclear fraud

Feb. 27, 2020 10:23 PM EST

COLUMBIA, S.C. (AP) — Two former executives at a South Carolina utility lied repeatedly to regulators and investors about the progress of construction of two nuclear reactors taking more than a billion dollars out of the pockets of investors and ratepayers, federal securities officials said. The Securities...

New York commission says judge should be removed from bench

Feb. 27, 2020 6:07 PM EST

ALBANY, N.Y. (AP) — A state oversight commission has determined that an upstate New York judge should loose his job, saying he made sexist remarks and failed to report tens of thousands of dollars on his tax returns. The New York State Commission on Judicial Conduct announced its decision Thursday against...

Hong Kong's Financial Secretary Paul Chan delivers his annual budget speech at the Legislative Council in Hong Kong Wednesday, Feb. 26, 2020.  Hong Kong's government is proposing a nearly $1,300 cash handout for each resident over 18 years old to help alleviate hardships brought on by the spreading viral outbreak and prolonged political protests.(AP Photo/Vincent Yu)

Hong Kong plans handouts, tax cuts to counter economic woes

Feb. 26, 2020 12:24 AM EST

HONG KONG (AP) — Hong Kong's government is proposing a nearly $1,300 cash handout for each resident over 18 years old to help alleviate hardships brought on by the spreading viral outbreak and prolonged political protests. The subsidy was among a slew of emergency measures in a budget presented to the...

Rep. June Robinson, D-Everett, vice chairwoman of the House Appropriations Committee, center, stands with other lawmakers as they talk about the release of their supplemental budget, Monday, Feb. 24, 2020, before a news conference at the Capitol in Olympia, Wash. Both House and Senate Democrats unveiled plans Monday that would increase state spending to address affordable housing and homelessness programs throughout the middle of 2021. (AP Photo/Ted S. Warren)

Budget proposals look to increase spending on homelessness

Feb. 24, 2020 7:15 PM EST

OLYMPIA, Wash. (AP) — At the start of the 60-day legislative session last month, lawmakers in both parties said homelessness needed to be a focus in the supplemental budget. On Monday, House and Senate Democrats unveiled plans that would increase state spending to address affordable housing and...

West Virginia Republicans move forward on tax overhaul

Feb. 24, 2020 5:41 PM EST

CHARLESTON, W.Va. (AP) — West Virginia Republicans moved forward Monday on a sweeping tax overhaul that could slash county government budgets, though it appears likely Democrats may derail the plan. Senators voted 17-16 to pass a GOP proposal to cut taxes on manufacturers and personal vehicles while...

In this Sunday, Feb. 23, 2020, photo, workers take a rest near the closed restaurant and bank in Wuhan in central China's Hubei province. Warning that China's virus epidemic is

China promises companies aid, global virus cases rise

Feb. 24, 2020 6:56 AM EST

BEIJING (AP) — China's government promised tax cuts and other aid Monday to help companies recover from its virus outbreak while a spike in new cases in Iran, Italy and South Korea raised the prospect of wider disruption to tourism and other global industries. At a news conference, Chinese finance and...

FILE - In this Sunday, Feb. 16, 2020 file photo, U.S. Speaker of the House Nancy Pelosi, D-Calif, attends a news conference during the Munich Security Conference in Munich, Germany. On Friday, Feb. 21, 2020, The Associated Press reported on a misleadingly compiled video circulating online incorrectly asserting that Pelosi lashed out at CNN host Christiane Amanpour during an interview about U.S. President Donald Trump’s acquittal after being impeached. The video relies heavily on a February interview in Munich. A number of altered videos have targeted Pelosi in the past year. (AP Photo/Jens Meyer)

NOT REAL NEWS: A look at what didn't happen this week

Feb. 21, 2020 5:48 PM EST

A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though they were shared widely on social media. The Associated Press checked them out. Here are the real facts: ___ CLAIM: Video shows House Speaker Nancy Pelosi lashing out at CNN host...

FILE  - In this Aug. 28, 2018 file photo, welders work on Iowa-side columns for the new Interstate 74 bridge in Bettendorf, Iowa. In the midst of an election year, President Donald Trump has outlined a new $1 trillion infrastructure plan. This time, the Republican president is proposing to rely fully on federal spending to reach his goal, a fundamental change that is praised by some state transportation officials and industry groups, even though Trump's proposal doesn't spell out how to pay for it all. (Todd Mizener/The Dispatch – The Rock Island Argus via AP, File)

Trump tries new approach for $1 trillion infrastructure plan

Feb. 21, 2020 10:19 AM EST

JEFFERSON CITY, Mo. (AP) — As a presidential candidate in 2016, Donald Trump promised a $1 trillion infrastructure plan that would use tax incentives to spur private investment in public works projects. He has so far failed to persuade Congress to pass anything like that. In another election year, Trump...

Wisconsin Assembly Speaker Robin Vos speaks to reporters in the Assembly chamber ahead of their final day in session Thursday, Feb. 20, 2020, in Madison, Wis. Vos says he hopes Democratic Gov. Tony Evers will sign into law a GOP income tax cut proposal passing the Legislature on Thursday. (AP Photo/Scott Bauer)

Wisconsin Legislature sends $250 million tax cut to governor

Feb. 20, 2020 9:22 PM EST

MADISON, Wis. (AP) — Wisconsin's Republican-controlled Legislature on Thursday sent a $250 million income tax cut to Democratic Gov. Tony Evers, who appears likely to veto it. The Senate and Assembly voted to pass the election year tax cut. All Democrats voted against it except for Reps. Nick Milroy and...

FILE - This April 13, 2014 file photo shows the headquarters of the Internal Revenue Service (IRS) in Washington. The agency said Wednesday, Feb. 19, 2020, that it is stepping up its efforts to visit high-income taxpayers who failed in prior years to file their tax returns on time. (AP Photo/J. David Ake, File)

IRS to pay visits to high-income taxpayers who fail to file

Feb. 19, 2020 4:04 PM EST

If you earn six figures and haven't been filing your taxes, the IRS may come knocking. The agency said Wednesday that it is stepping up its efforts to visit high-income taxpayers who failed in prior years to file their tax returns on time. Revenue officers across the country will increase face-to-face visits...