Latest National taxes News

EXPLAINER: Why the debt limit is again roiling Washington

Sep. 23, 2021 00:32 AM EDT

WASHINGTON (AP) — The idea of the U.S. government breaching its “debt limit” sounds scary. But what, exactly, are lawmakers in Washington fighting about? The debt limit is a nearly century-old artificial cap that Congress placed on the U.S. government's ability to...

Trump sues niece, NY Times over records behind '18 tax story

Sep. 22, 2021 02:44 AM EDT

NEW YORK (AP) — Former President Donald Trump on Tuesday sued his estranged niece and The New York Times over a 2018 story about his family’s wealth and tax practices that was partly based on confidential documents she provided to the newspaper’s reporters. ...

Barletta signs anti-tax pledge in GOP campaign for governor

Sep. 20, 2021 14:24 PM EDT

HARRISBURG, Pa. (AP) — Lou Barletta, the former congressman seeking the Republican nomination for governor of Pennsylvania, has signed a pledge from a conservative anti-tax Washington-based group that commits him to oppose tax increases. The pledge, sponsored by...

Biden $3.5T plan tests voter appeal of expansive gov't role

Sep. 16, 2021 15:10 PM EDT

WASHINGTON (AP) — President Joe Biden’s “build back better” agenda is poised to be the most far-reaching federal investment since FDR’s New Deal or LBJ’s Great Society — a prodigious effort to tax the rich and shift money into projects and programs touching the lives of nearly...

Biden $3.5T plan tests voter appeal of expansive gov't role

Sep. 15, 2021 19:16 PM EDT

WASHINGTON (AP) — President Joe Biden’s “build back better” agenda is poised to be the most far-reaching federal investment since FDR’s New Deal or LBJ’s Great Society — a prodigious effort to tax the rich and shift money into projects and programs touching the lives of nearly...

Editorial Roundup: Mississippi

Sep. 15, 2021 13:36 PM EDT

Greenwood Commonwealth. Sept. 9, 2021. Editorial: Response Chilly To Gunn’s Tax Swap Philip Gunn is convinced that if Mississippi would swap its personal income tax for higher sales taxes on most things people in this state purchase, new residents...

Editorial Roundup: U.S.

Sep. 15, 2021 12:09 PM EDT

Excerpts from recent editorials in the United States and abroad: Sept. 15 The Boston Herald on Rep. Alexandria Ocasio-Cortez's “Tax the Rich” dress: Rep. Alexandria Ocasio-Cortez (D-NY) is a woman of the people. So much so...

Former tax official gets probation in embezzlement case

Sep. 14, 2021 11:20 AM EDT

BERNALILLO,. N.M. (AP) — A former head of the New Mexico Taxation and Revenue Department has been sentenced to five years of probation for her convictions in an embezzlement case. A state District Court judge for Sandoval County last week sentenced former Secretary...

EU climate chief: energy prices hike should boost transition

Sep. 14, 2021 06:29 AM EDT

BRUSSELS (AP) — The European Union's climate czar said Tuesday the 27-nation bloc should ensure that the most vulnerable people won't pay the heaviest price of the green transition, and pledged measures guaranteeing equal burden-sharing across society, amid a global surge of energy prices....

Democrats seek corporate, wealthy tax hikes for $3.5T plan

Sep. 14, 2021 00:30 AM EDT

WASHINGTON (AP) — House Democrats unveiled a sweeping proposal for tax hikes on big corporations and the wealthy to fund President Joe Biden's $3.5 trillion rebuilding plan, as Congress speeds ahead to shape the far-reaching package that touches almost all aspects of domestic life. ...