More Taxes Articles

  • 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...

  • GOP candidate Kashkari proposes tax breaks

    SACRAMENTO, Calif. (AP) — A 10-year corporate tax credit for companies that move to California and create more than 100 new jobs, diverting nearly $10 billion in high-speed rail bond money to water storage projects and promoting fracking for oil and natural gas are among the policy proposals...

  • Pence signing Indiana business tax cuts into law

    INDIANAPOLIS (AP) — Republican Gov. Mike Pence is set to sign into law a package of Indiana business tax cuts approved by lawmakers earlier this month. The governor scheduled an event Tuesday in Greenwood to sign a bill cutting the state's corporate income tax and providing options for county...

  • What can IRS do to health plan scofflaws?

    The new health care law helps some people, hurts others and confuses almost everyone. Hoping to simplify things a bit, The Associated Press asked its Twitter, Facebook and Google Plus followers for their real-life questions about the program and the problems they're running into as the March 31...

  • Writing a budget might divide House Republicans

    Divisions among Republicans over a budget deal and a shortfall in tax estimates are complicating the House GOP's efforts to advance a spending plan this spring. Party leaders insist the GOP-controlled House is moving full speed ahead to approve one, but it has fallen behind schedule amid concerns...

  • Democratic candidates for Pa. governor eye taxes to ease wealth gap

    Under the banner of fairness and equality, the Democratic candidates for governor are proposing a grab bag of changes in Pennsylvania tax laws that would tap wealthy taxpayers and businesses to ease the economic pain of the middle class and the poor.

  • EU nations agree on rules to fight tax evasion

    BRUSSELS (AP) — European Union nations on Thursday agreed on a sweeping policy to fight tax evasion after tiny Luxembourg dropped its reservations to new rules which render its secretive banking culture more transparent. Luxembourg Prime Minister Xavier Bettel confirmed at Thursday's summit...

  • Russian economy, tycoons take hit in Crimea crisis

    MOSCOW (AP) — Russia's most powerful businessmen waited for over an hour Thursday to hear from President Vladimir Putin, whose decision to annex the Crimean Peninsula has cost their companies hundreds of millions of dollars in market value. When Putin finally showed up, he spoke to them for...

  • House speaker supports local option sales tax

    FRANKFORT, Ky. (AP) — A proposal to let local governments charge a 1 percent sales tax is still alive in the Kentucky legislature after Democratic Gov. Steve Beshear convinced House Speaker Greg Stumbo to support it. Stumbo announced his decision after a private meeting with Beshear on...

  • Md. Senate approves raising estate tax exemption

    ANNAPOLIS, Md. (AP) — The Maryland Senate on Thursday approved raising the exemption on the estate tax due to concerns that higher taxes are causing wealthy people to leave the state. Right now, Maryland estates worth more than $1 million are taxed at a rate of up to 16 percent. That amount...



From the Weekly Standard