Latest National taxes News

AP FACT CHECK: Trump cries 'treason' over campaign scrutiny

May. 20, 2019 6:10 AM EDT

WASHINGTON (AP) — President Donald Trump is using "treason" rather lightly as he assails unidentified U.S. officials for investigating operatives of his campaign in 2016. There's no allegation or even suggestion that they committed this punishable-by-death crime, if any crime at all. Trump's hyperbolic...

No more Mr Europe: Macron forced to curb EU ambitions

May. 19, 2019 2:00 PM EDT

PARIS (AP) — French President Emmanuel Macron sees himself as Europe's savior, and this week's European Parliament elections as a make-or-break moment for the beleaguered European Union. But Macron is no longer the fresh-faced force who marched into a surprising presidential victory to the rhythm of the EU...

AP FACT CHECK: Trump's miscues on trade and drug prices

May. 18, 2019 8:26 AM EDT

WASHINGTON (AP) — President Donald Trump spoke this past week as if he's unaware that drug prices have gone up and tariffs came before him. His boast that the U.S. never collected a dime on goods from China until he imposed them marked a series of statements misrepresenting how trade works as the two...

The Latest: Tariff agreement hailed by business groups

May. 18, 2019 6:23 AM EDT

WASHINGTON (AP) — The Latest on President Donald Trump and U.S. trade tariffs (all times local): 4:50 p.m. Mexico's National Chamber of the Iron and Steel Industry is congratulating the country's officials on the agreement reached with the United States on ending steel and aluminum tariffs. The chamber...

Trump administration rejects subpoena for tax returns

May. 17, 2019 5:39 PM EDT

WASHINGTON (AP) — The Trump administration on Friday missed another deadline to produce President Donald Trump's tax returns. A top House Democrat said he expects to take the administration to court as early as next week over the matter. Treasury Secretary Steven Mnuchin said in a letter that he will not...

Trump lifts tariffs on Mexico, Canada, delays auto tariffs

May. 17, 2019 5:15 PM EDT

WASHINGTON (AP) — Bogged down in a sprawling trade dispute with U.S. rival China, President Donald Trump took steps Friday to ease tensions with America's allies — lifting import taxes on Canadian and Mexican steel and aluminum and delaying auto tariffs that would have hurt Japan and Europe. By...

Mnuchin says courts need to settle fight over Trump's taxes

May. 15, 2019 11:53 AM EDT

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Wednesday that it's up to the courts to referee his dispute with House Democrats demanding access to President Donald Trump's tax returns. Mnuchin told a Senate panel that the fight between the administration and the House Ways and Means Committee...

German authorities raid 11 banks in tax evasion probe

May. 15, 2019 8:29 AM EDT

BERLIN (AP) — German authorities have carried out raids on eight individuals and 11 banks in an investigation of suspected tax evasion stemming from the leaked Panama Papers. News agency dpa reported that Frankfurt prosecutors said Wednesday's raids in various parts of Germany also targeted the offices of...

Philly soda tax study sees sales dip, health impact unclear

May. 14, 2019 12:47 PM EDT

A new study bolsters evidence that soda taxes can reduce sales, but whether they influence health remains unclear. The research found that Philadelphia's 2017 tax led to a 38 percent decline in sugary soda and diet drink sales that year, even when taking into account an increase in sales in neighboring towns. The...

Julián Castro makes universal pre-K focus of education plan

May. 13, 2019 12:27 PM EDT

AUSTIN, Texas (AP) — Democratic presidential candidate Julián Castro on Monday unveiled an education plan that joins other 2020 candidates in calling for tuition-free higher education, universal prekindergarten and raising teacher pay. The rollout follows the former Obama Cabinet member's immigration...