09/08/14 12:30 PM
WASHINGTON (AP) — The Obama administration will decide "in the very near future" what actions it can take to make it less profitable for U.S. companies to shift their legal addresses to other countries, Treasury Secretary Jacob Lew said Monday. A growing number of U.S. companies are shifting...
By Joseph Lawler | 09/08/14 11:08 AM
The New York senator, the number three Democrat in the upper chamber, is likely to roll out the bill as likely as this week in an effort to forestall so-called corporate inversions.
By Joseph Lawler | 09/08/14 09:44 AM
Speaking at an event on business taxes at the Urban Institute in Washington, Lew placed the responsibility on Congress to address so-called tax inversions, but said that the administration was prepared to step in if lawmakers don't move quickly enough.
By Luke Rosiak | 09/05/14 02:23 PM
Among President Obama's few significant legislative accomplishments during his brief tenure as a Democratic senator from Illinois was the creation in 2006 of a website to disclose how the federal government spends tax dollars.
By Susan Ferrechio | 09/05/14 05:58 PM
Though many Republicans disapprove of the Ex-Im Bank, it may get a short-term reauthorization as lawmakers hit the campaign trail.
By Charles Hoskinson | 09/05/14 06:48 PM
What's more likely is lawmakers passing a continuing resolution that would keep spending at current levels through mid-December -- after the November elections for a new Congress.
09/05/14 08:30 PM
SPRINGFIELD, Ill. (AP) — A number of top Democratic House lawmakers have been quietly meeting to discuss a proposed overhaul of Illinois' dated school funding formula, which, if approved, would direct more state money to poorer rural districts at the expense of wealthier suburban districts....
By Joseph Lawler | 09/05/14 04:21 PM
The Congressional Budget Office just released an estimate of a bill that cleared the Senate Banking Committee in May and has failed to gain traction in the Senate.
09/05/14 03:00 PM
WASHINGTON (AP) — After investigating the IRS for more than a year, two key senators — a Democrat and a Republican — disagree on whether the tax agency treated conservative groups worse than their liberal counterparts when they applied for tax-exempt status. The Senate's subcommittee on...
09/05/14 01:45 PM
ALBANY, N.Y. (AP) — New York insurance regulators have approved higher health insurance rates for 2015, though the increases are smaller than what the industry wanted. The increases also apply to health insurance offered through the state's new health benefits exchange, according to the state's...
09/04/14 08:00 PM
DETROIT (AP) — Detroit's chief financial officer acknowledged Thursday that officials may have to make "adjustments" to a plan aimed at reducing the bankrupt city's debt if future revenues come in lower than projected. John Hill Jr. was the first witness called during a trial that began this...
09/04/14 07:00 PM
ST. PETERSBURG, Fla. (AP) — Florida Gov. Rick Scott has been crossing the state this past week, vowing at campaign stops that if he's re-elected he will enact another $1 billion in tax cuts over the next two years. Scott has said he can enact the tax cuts as well as boost spending on education...
By Susan Ferrechio | 09/04/14 06:56 PM
The Senate majority leader told a green energy conference Thursday he'll take up legislation by the end of this year.
09/04/14 01:00 PM
WEST POINT, Miss. (AP) — The Navistar Defense plant at West Point, Mississippi, will upgrade the Army's Mine Resistant Ambush Protected vehicles as part of a $38.4 million contract. U.S. Sen. Thad Cochran, R-Miss., says in a news release Thursday that Navistar will make repairs that will result...
09/04/14 12:45 PM
TALLAHASSEE, Fla. (AP) — Thousands of Florida families with pre-paid tuition plans are going to get refunds or see a drop in their payments. The board that oversees the state's popular prepaid college plan approved new prices for the upcoming year on Thursday. Those prices will drop some plans...
By Becket Adams | 09/16/14
By Paul Bedard | 09/16/14
By Byron York | 09/15/14
By Paul Bedard | 09/15/14
By Brian Hughes | 09/15/14