04/03/14 05:36 PM
Cartoon by Bob Gorrell/Creators Syndicate.
04/03/14 05:30 PM
FRANKFORT, Ky. (AP) — Kentucky has more barrels of bourbon than it does people - and soon those barrels could be aging tax free. State lawmakers have voted to effectively eliminate a tax on aging barrels of distilled spirits in a nod to one of the state's signature industries that is quickly...
04/03/14 05:15 PM
BOSTON (AP) — Officials say weak corporate and business tax collections caused the state to fall short of its revenue goals last month. Department of Revenue Commissioner Amy Pitter said Thursday that preliminary estimates show overall tax collections were up 3.6 percent in March compared...
04/03/14 05:15 PM
CAMDEN, N.J. (AP) — The owners of a chain of landmark pizza shops on the New Jersey shore were arrested Thursday on charges that they failed to report nearly $1 million in income over five years and evaded $336,000 in federal taxes. Charles and Mary Bangle, owners of the Manco and Manco pizza...
By Andrew Taylor | 04/02/14 08:19 AM
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.
By Joseph Lawler | 04/01/14 11:14 AM
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.
By Philip Klein | 04/01/14 10:30 AM
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.
By Associated Press | 04/01/14 09:15 AM
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...
04/01/14 05:00 AM
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...
03/31/14 09:52 AM
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...
By Paul Bedard | 03/28/14 02:12 PM
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...
By Philip Klein | 03/27/14 05:32 PM
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...
By Associated Press | 03/27/14 09:13 AM
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.
By Sophia Tareen | 03/27/14 08:37 AM
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.
By Josefa Velasquez | 03/26/14 08:37 AM
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.
By Joel Gehrke | 04/18/14
By Mark Tapscott | 04/18/14
By Sean Higgins | 04/18/14
By Byron York | 04/17/14
By Paul Bedard | 04/17/14