Latest National taxes News

Germans face higher bills as tax aids natural gas importers

Aug. 15, 2022 10:24 AM EDT

BERLIN (AP) — Germans are facing a new tax on natural gas use that could cost the average household several hundred euros a year and is aimed at rescuing importers slammed by Russian cutbacks tied to the war in Ukraine. An association of gas pipeline operators on Monday set the...

Expanded IRS free-file system one step closer in Dems' bill

Aug. 13, 2022 12:34 PM EDT

WASHINGTON (AP) — The flagship climate change and health care bill passed by Democrats and soon to be signed by President Joe Biden will bring U.S. taxpayers one step closer to a government-operated electronic free-file tax return system. It’s something lawmakers and advocates...

In Biden's big bill: Climate, health care, deficit reduction

Aug. 12, 2022 19:27 PM EDT

WASHINGTON (AP) — The biggest investment ever in the U.S. to fight climate change. A hard-fought cap on out-of-pocket prescription drug costs for Medicare recipients. A new corporate minimum tax to ensure big businesses pay their share. And billions left over to pay down federal...

Congress OKs Dems' climate, health bill, a Biden triumph

Aug. 12, 2022 19:08 PM EDT

WASHINGTON (AP) — A divided Congress gave final approval Friday to Democrats' flagship climate and health care bill, handing President Joe Biden a back-from-the-dead triumph on coveted priorities that the party hopes will bolster their prospects for keeping their House and Senate majorities in...

Dems push climate, health, tax bill through Congress, a landmark election-year Biden win that once seemed out of reach

Aug. 12, 2022 17:47 PM EDT
WASHINGTON (AP) — Dems push climate, health, tax bill through Congress, a landmark election-year Biden win that once seemed out of reach.

Politicians, energy experts, advocates on climate bill

Aug. 11, 2022 15:23 PM EDT

Congress is expected on Friday to pass a major bill that includes close to $375 billion in spending related to fighting climate change. The bill, called the Inflation Reduction Act, will infuse cash, subsidies and tax breaks into various sectors of the economy, all aimed at making green energy much...

EU says US electric vehicle tax credit could break WTO rules

Aug. 11, 2022 11:37 AM EDT

BRUSSELS (AP) — The European Union expressed concern Thursday that a new U.S. tax credit plan aimed at encouraging Americans to buy electric vehicles would discriminate against European producers and break World Trade Organization rules. Under the Inflation Reduction Act nearing...

AP FACT CHECK: GOP skews budget bill’s impact on IRS, taxes

Aug. 10, 2022 14:59 PM EDT

Republican politicians and candidates are distorting how a major economic bill passed over the weekend by the Senate would reform the IRS and affect taxes for the middle class. The “ Inflation Reduction Act,” which awaits a House vote after passing in the Senate on Sunday, would...

German FinMin pitches $10B tax cuts to ease inflation pain

Aug. 10, 2022 09:27 AM EDT

BERLIN (AP) — Germany's finance minister said Wednesday that the government plans to make tax cuts worth more than 10 billion euros ($10.2 billion) to benefit broad sections of the population squeezed by high energy costs and inflation. Finance Minister Christian Lindner said about...

Congress can get Trump tax records, appeals court rules

Aug. 09, 2022 15:19 PM EDT

WASHINGTON (AP) — A federal appeals court sided Tuesday with a House committee seeking access to former President Donald Trump's tax returns, rejecting Trump's contention that Congress was overstepping. A three-judge panel of the U.S. Court of Appeals for the District of Columbia...