Latest National taxes News

Google receives $25M tax break from Nevada to build facility

Sep. 17, 2020 10:34 AM EDT

RENO, Nev. (AP) — Google will receive more than $25 million in tax breaks after pledging an additional $600 million for a new data center in southern Nevada, state officials said. The company previously committed $600 million to the data center in the Las Vegas suburb of Henderson. Google also said it...

FILE - In this June 28, 2018, file photo, rolls of finished steel are seen at the U.S. Steel Granite City Works facility in Granite City, Ill.  Companies seeking relief from President Donald Trump’s taxes on imported steel and aluminum ran into long delays and cumbersome paperwork, a federal watchdog found, Wednesday, Sept. 16, 2020. The U.S. Government Accountability Office reported that the Commerce Department, overwhelmed by companies lobbying to avoid the tariffs, could not meet its own deadline for processing around three-fourths of the requests. (AP Photo/Jeff Roberson, File)

US companies seeking tariff relief faced red tape, delays

Sep. 16, 2020 12:18 PM EDT

WASHINGTON (AP) — Companies seeking relief from President Donald Trump’s taxes on imported steel and aluminum ran into long delays and cumbersome paperwork, a federal watchdog found. The U.S. Government Accountability Office reported that the Commerce Department, overwhelmed by companies lobbying to...

Molten aluminum is seen inside a smelter at the Alouette aluminum plant in Sept-Iles, Quebec, on May 21, 2019. The Trump administration said Tuesday, Spet. 15, 2020, it is dropping taxes on Canadian aluminum, easing tensions with a close ally and preempting Canada’s plans to impose retaliatory sanctions.  (Jacques Boissinot/The Canadian Press via AP)

US drops tax on Canada aluminum, heading off retaliation

Sep. 15, 2020 3:57 PM EDT

WASHINGTON (AP) — The Trump administration said Tuesday that it is dropping taxes on Canadian aluminum, easing tensions with a close ally just hours before Canada was prepared to impose retaliatory sanctions. The Office of the U.S. Trade Representative said the U.S. is ending the 10% tariffs a month after...

Tennessee revenues up $115M in August over projections

Sep. 15, 2020 1:49 PM EDT

NASHVILLE, Tenn. (AP) — Tennessee officials said revenues for August came in $115.1 million higher than state projections amid the coronavirus pandemic. The Tennessee Department Finance & Administration said last month’s revenues of $1.2 billion also topped the state’s August 2019...

FILE - In this Aug. 20, 2020, file photo Democratic presidential candidate former Vice President Joe Biden speaks during the fourth day of the Democratic National Convention at the Chase Center in Wilmington, Del. The former senator and vice president backs an active federal government that he says should support but not constrict private enterprise, and he believes the highest federal tax burden should fall on the wealthiest. (AP Photo/Andrew Harnik, File)

AP EXPLAINS: Biden's sizable but not radical tax plans

Sep. 13, 2020 3:28 PM EDT

ATLANTA (AP) — President Donald Trump describes Democratic challenger Joe Biden as a “tool” of “radical socialists” who are bent on taxing every American business and household into bankruptcy. Some progressives say Biden is a corporate crony who will never address systemic...

FILE - In this Wednesday, Aug. 7, 2019 file photo, President Donald Trump takes a question from a member of the media on the South Lawn of the White House in Washington before boarding Marine One. On Friday, Sept. 11, 2020, The Associated Press reported on a video circulating online incorrectly depicting Trump lost and meandering around the White House lawn. The original Aug. 7, 2019 video clip, available on C-SPAN, was edited to make it appear the president is experiencing dementia symptoms ahead of the election. (AP Photo/Andrew Harnik)

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

Sep. 11, 2020 4:08 PM EDT

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 facts: ___ CLAIM: A total of 19,888 fake driver’s licenses that were made in China...

Republicans spar with Democrat over federal tax lien, loan

Sep. 10, 2020 11:56 PM EDT

SANTA FE, N.M. (AP) — New Mexico state House speaker Brian Egolf of Santa Fe says he has paid roughly $10,500 to the IRS, denying allegations of outstanding debts by a Republican Party official and a rival candidate in the general election. In a news release Thursday, Republican Party Chairman Steve Pearce...

Maine unveils plan to fix budget gap caused by coronavirus

Sep. 9, 2020 5:39 PM EDT

PORTLAND, Maine (AP) — Maine's finance commissioner announced a plan Wednesday to bridge a half-billion dollar revenue shortfall by using a combination of federal funding, liquor sales tax receipts and cost reductions. The state is facing a projected $528 million revenue shortfall for the two years ending...

FILE - This Aug. 15, 2019, file photo shows the road to Spaceport America near Upham, New Mexico. An investigation into the conduct of Spaceport America's chief executive officer is ongoing and initial findings are expected in the coming weeks, the organization's interim leader said Wednesday, Sept. 2, 2020. (AP Photo/Susan Montoya Bryan, File)

New Mexico agency seeks opinion on spaceport policies, taxes

Sep. 9, 2020 2:00 PM EDT

ALBUQUERQUE, N.M. (AP) — The state's top economic development officials are asking the New Mexico attorney general to review policies and procedures that govern spending and contracts at Spaceport America as part of an ongoing investigation into the conduct of the spaceport's chief executive officer. ...

FILE - In this April 29, 2020 file photo, a sign displaying the size of the national debt is displayed along an empty K Street in Washington.  The Congressional Budget Office has warned that the government this year will run the largest budget deficit, as a share of the economy, since 1945, the year World War II ended. Next year, the federal debt — made up of the year-after-year gush of annual deficits — is forecast to exceed the size of the entire American economy for the first time since 1946.  (AP Photo/Andrew Harnik, File)

AP Explains: US debt will soon exceed size of entire economy

Sep. 5, 2020 11:06 AM EDT

WASHINGTON (AP) — The U.S. government's war against the coronavirus is imposing the heaviest strain on the Treasury since America's drive to defeat Nazi Germany and imperial Japan three-quarters of a century ago. The Congressional Budget Office has warned that the government this year will run the largest...