More Taxes Articles

  • House GOP plan seeks health cuts to balance budget

    House Republicans are pressing ahead with a slashing plan to try to balance the budget within 10 years, relying on big decreases in health care programs for the middle class and the poor, as well as tax hikes and Medicare cuts engineered by President Barack Obama.

  • Paul Ryan-authored budget counts on faster economic growth to achieve balance

    The Republican budget released Tuesday morning by House Budget Committee Chairman Paul Ryan includes projections that count on added revenue from faster economic growth -- a method often referred to as “dynamic” scoring.

  • Paul Ryan doesn't rock the boat with 2015 budget

    Throughout his political career, House Budget Committee Chairman Rep. Paul Ryan, R-Wis., has alternated between being the Republican Party's courageous idea man and serving as one of its loyal soldiers.

  • Carl Levin says Caterpillar avoided billions in taxes

    Executives from manufacturing giant Caterpillar Inc. are heading to Capitol Hill to explain what one senator calls an aggressive strategy to avoid paying billions of dollars in U.S. taxes. Caterpillar has avoided paying $2.4 billion in U.S. taxes since 2000 by shifting profits to a...

  • Japan raises sales tax, balancing debt, growth

    TOKYO (AP) — Japan raised its sales tax Tuesday, moving to stabilize government finances but at the risk of undermining a shaky economic recovery. It's a gamble the world's No. 3 economy must take, given its soaring public debt. Economists expect the sales tax hike, to 8 percent from 5...

  • Santa Fe sues contractor over tax refund

    SANTA FE, N.M. — The city of Santa Fe has sued the builder of its convention center and alleges the company has refused to return a $600,000 tax refund that the city says was an overpayment. The Santa Fe New Mexican reports that lawsuit asks a court to find that the city is entitled to...

  • Snap: George H.W. Bush's tax flip-flop wins JFK Library Foundation 'courage' award

    It's about time the Democrats rewarded former Republican President George H.W. Bush for caving in on his “no new taxes” pledge in a compromise with liberals that helped to kill his re-election. The John F. Kennedy Library Foundation said it planned to name the 41st president this year's...

  • Time to scrap the mortgage interest deduction

    In the coming weeks, Americans will spend an average of 13 hours and $210 to prepare their federal taxes. Beyond the compliance burden the federal tax code imposes, it also distorts economic activity and discriminates against some taxpayers in favor of others. But one of its most egregiously...

  • Clarification: Oil Drilling Taxes story

    LANSING, Mich. (AP) — In a March 19 story, The Associated Press paraphrased George Peridas, a Natural Resources Defense Council environmental scientist, as saying that sustainable energy is still a luxury at this time. Peridas instead said that sustainable energy production currently is...

  • North Carolina Gov. Pat McCrory, NC DOT secretary worried about road money

    McCrory told a North Carolina Chamber conference the state's transportation projects will be delayed if Congress fails to re-authorize a law expiring this fall.

  • Illinois Gov. Pat Quinn: Extending income tax hike is 'tough choice'

    Gov. Pat Quinn knows trying to make the state's temporary income tax increase permanent will be a "tough choice" for Illinois lawmakers, but that the issue could be even tougher for voters who'll decide if the Chicago Democrat gets another term.

  • New York lawmakers say budget talks progressing

    New York legislative leaders who met for hours behind closed doors Tuesday trying to finalize the state budget due next week came away saying they were making progress.

  • Illinois Gov. Pat Quinn ready to present state budget proposal

    Quinn is expected to stress his election-year theme of protecting the middle class as he presents a budget address Wednesday that political experts and lawmakers say could be his toughest yet.

  • IRS says bitcoin will be taxed like property

    WASHINGTON (AP) — Virtual currencies like bitcoin will be taxed like property — not currency, the Internal Revenue Service said Tuesday. The IRS says bitcoin is not legal tender. You can't use it to pay your taxes. However, if you receive wages in bitcoin, you have to pay taxes on it just...

  • Dem House candidate penalized for not paying taxes on time

    A Democratic Congressional candidate in California has been hit with a penalty after failing to pay all the taxes due on her Washington, D.C., apartment. Amanda Renteria, who is challenging incumbent GOP Rep. David Valadao, has outstanding taxes due on the D.C. row house she owns with her...



From the Weekly Standard

  • 2014 ≠ 2016

    Polls are overrated, but they can be still instructive. So what’s to be learned from a Fox News survey of 1,012 registered voters conducted April 13-15? 

    Read More...
  • Through a Google Glass, Darkly

    “Just because something bears the aspect of the inevitable one should not, therefore, go along willingly with it.” ​—​Philip K. Dick

    Read More...
  • As Goes North Carolina

    Raleigh, N.C.  To win the Senate, Republicans must win North Carolina. While it’s mathematically possible to take the Senate without ousting Democratic senator Kay Hagan, the chances of that...

    Read More...