Latest National taxes News
After brief trade truce, US slaps levy on Canadian aluminum
WASHINGTON (AP) — After more than two years of browbeating and trade sanctions on Canada and Mexico, President Donald Trump strong-armed the United States’ neighbors into agreeing to supplant a 25-year-old North American trade agreement with one of his own. His pact, meant to update the old deal and...
AP FACT CHECK: Trump payroll tax cut is Social Security risk
BALTIMORE (AP) — President Donald Trump’s proposed payroll tax cut is a threat to Social Security no matter how he casts it. During a news conference Wednesday, he insisted he could eliminate the tax if he were reelected, and do it without undercutting retirement benefits or greatly adding to the...
Trump's suggestion to eliminate payroll tax doesn't add up
WASHINGTON (AP) — President Donald Trump’s push to cut Social Security payroll taxes for the rest of the year — and even arguing for a permanent cut — would do little to bolster the coronavirus-battered economy in the short term and could destabilize long-term funding for benefits that...
Business lobby raises concerns over Trump payroll tax break
WASHINGTON (AP) — The nation's leading business group on Wednesday raised serious concerns about President Donald Trump's move to defer Social Security payroll taxes for American workers, warning that the plan for a shot of economic relief during the coronavirus pandemic could prove unworkable. The U.S....
Editorial Roundup: US
Excerpts from recent editorials in the United States and abroad: ___ Aug. 11 The Los Angles Times on TikTok and WeChat: Even before President Trump signed an executive order that could soon smother social network TikTok, Microsoft emerged as a potential savior for the U.S.-based but Chinese-owned video snacking...
Dems say Trump's payroll tax break weakens Social Security
WASHINGTON (AP) — President Donald Trump’s move to defer Social Security payroll taxes could be taking him into treacherous political territory. His directive — aimed at boosting an economy shaken by the coronavirus pandemic — doesn’t affect retirement benefits but impacts how...
Dems say Trump's payroll tax break weakens Social Security
WASHINGTON (AP) — President Donald Trump’s move to defer Social Security payroll taxes could be taking him into treacherous political territory. His directive — aimed at boosting an economy shaken by the coronavirus pandemic — doesn’t affect retirement benefits but impacts how...
No federal relief leaves states, cities facing big deficits
State and local government officials across the U.S. have been on edge for months about how to keep basic services running while covering rising costs related to the coronavirus outbreak as tax revenue plummeted. It’s now clear that anxiety will last a lot longer. Congressional talks over another...
Trump lawyers make final pitch to block tax record release
NEW YORK (AP) — President Donald Trump’s lawyers made a final pitch Monday to block a New York prosecutor from getting his tax records, saying the Democrat was still “fishing for a way to justify his harassment of the President.” The lawyers made their written submission to a federal...
Trump end run around Congress raises questions on his claims
BRIDGEWATER, N.J. (AP) — President Donald Trump’s end run around Congress on coronavirus relief is raising questions about whether it would give Americans the economic lifeline he claims and appears certain to face legal challenges. Democrats called it a pre-election ploy that would burden...
LOADING MORE STORIES
