WASHINGTON (AP) — Republicans rammed a $1.5 trillion overhaul of Americans’ business and personal income taxes through the U.S. House Thursday, edging the nation toward its biggest rewrite in three decades and President Donald Trump and the GOP toward their first major legislative triumph after 10 bumpy months of controlling government. However, the mostly party-line … Continue reading
WASHINGTON (AP) — President Donald Trump is looking to promote his tax plan as a boon for truckers as his cross-country tour takes him to Pennsylvania for his latest stop. The White House expected that about 1,000 people, including many truckers, would attend Trump’s speech late Wednesday afternoon speech in Harrisburg against a backdrop of … Continue reading
RICHMOND – Governor Terry McAuliffe today announced the start of the 2017 Virginia Tax Amnesty Program which provides delinquent individual and business taxpayers the opportunity to pay back taxes with no penalties and half the interest between September 13 and November 14, 2017. Approved by the 2017 General Assembly, the program assumes the collection of $89.5 million … Continue reading
WASHINGTON (AP) — President Donald Trump will kick off his lobbying effort for a tax overhaul at an event with a Midwestern manufacturing backdrop and some economic tough talk. The one thing missing? A detailed proposal. Instead, in Springfield, Missouri, Wednesday, Trump will give remarks that the White House said will focus on his “vision” … Continue reading
TOPEKA, Kan. (AP) — The big income tax increase Kansas legislators enacted over Gov. Sam Brownback’s veto won’t balance the budget by itself, despite immediately boosting the state’s credit outlook. Even though the reversal of most of Brownback’s income tax cuts will inject $1.2 billion in new revenue through June 2019, lawmakers will have to … Continue reading
BASEL, Switzerland (AP) — Voters in Switzerland decided Sunday to make it easier for young “third-generation foreigners” to get Swiss citizenship, agreeing to extend to about 25,000 people under age 25 access to the fast-track process now available to foreign spouses of Swiss nationals. The national statistics office said the “naturalization of third-generation immigrants” initiative … Continue reading
WASHINGTON (AP) — A group of Republican senior statesmen are pushing for a carbon tax to combat the effects of climate change, and hoping to sell their plan to the White House. Former Secretary of State Jim Baker is leading the effort, which also includes former Secretary of State George Shultz. In an opinion piece … Continue reading
NORFOLK, Va. – Norfolk police are warning residents to be wary of a phone scam involving Internal Revenue Service impersonators. In the past five months, police have filed over 30 police reports from people stating the IRS had called them, and they were threatened with arrest if they did not pay an outstanding tax bill … Continue reading
QUITO, Ecuador (AP) — President Rafael Correa announced Wednesday night that he is raising sales taxes and will charge a one-time levy on millionaires to rebuild cities devastated by Ecuador’s worst earthquake in decades. In a televised address, Correa said damages from the 7.8-magnitude quake will likely run into the billions of dollars, adding to … Continue reading
WASHINGTON (AP) — President Barack Obama wants oil companies to pay a $10 fee for every barrel of oil to help fund investments in clean transportation that fight climate change. Obama will formalize the proposal Tuesday when he releases his final budget request to Congress. The $10-per-barrel fee is expected face solid opposition from … Continue reading
NORFOLK, Va. (AP) — A Norfolk man has been sentenced for his role in an income tax refund scheme that netted more than $2 million. Federal prosecutors say 53-year-old Ronald Chisholm and several co-conspirators filed at least 698 fraudulent income tax returns using personal identity information stolen from numerous people. Chisholm was sentenced to more … Continue reading
WASHINGTON (AP) — President Barack Obama on Monday signed into law a bipartisan budget bill that avoids a catastrophic U.S. default and puts off the next round of fighting over federal spending and debt until after next year’s presidential and congressional elections. Obama praised the rare bipartisan cooperation behind the deal, saying that 2-year agreement … Continue reading
DENVER (AP) — Republicans came into this presidential campaign with painful memories of how, in the last one, Democrats blasted Mitt Romney’s tax plan as a giveaway to the rich. Yet Donald Trump’s tax plan adds to the number of major GOP presidential candidates who propose to cut all taxes — but especially those for … Continue reading
