WASHINGTON (AP) — President Donald Trump said Friday that he will nominate Stephen Moore, a conservative economic analyst and frequent critic of the Federal Reserve, to fill a vacancy on the Fed's...
WASHINGTON (AP) — The Treasury Department announced Friday that it is expanding again the relief it grants taxpayers who had too little in income taxes withheld from their paychecks in the first...
SANTA FE, N.M. (AP) — The Democrat-led New Mexico Legislature sent a $7 billion spending plan to an allied governor that hikes spending on low-income students, teacher pay and infrastructure as...
Lawmakers reach budget deal with tax-reform incentives
SALT LAKE CITY (AP) — Utah lawmakers want to make sure that sweeping tax reform happens soon, and they're writing the budget to make sure of it.
Pritzker unveils online graduated income-tax calculator
CHICAGO (AP) — Gov. J.B. Pritzker has launched an online calculator that he says will let Illinoisans know how his proposed graduated income tax will affect their families.
NY Gov. Cuomo: No quick vote on legal marijuana
ALBANY, N.Y. (AP) — Gov. Andrew Cuomo said Monday he's "no longer confident" an agreement to legalize recreational marijuana in New York will be included in the state budget that's due by April 1,...
Most Virginians to get credits on electric bills
RICHMOND, Va. (AP) — Most Virginians will get a credit on their electric bills because of a federal tax overhaul.
The State Corporation Commission announced Friday that Dominion Energy...
TOPEKA, Kan. (AP) — A top Republican in the Kansas House brushed aside criticism Friday that an income tax relief plan nearing final passage risks repeating a tax-cutting experiment that failed a...
SALT LAKE CITY (AP) — Utah leaders postponed a plan Thursday that would have made sweeping changes to the state's tax system after a backlash from businesses and other groups.
SPRINGFIELD, Ill. (AP) — Gov. J.B. Pritzker took the first step Thursday in fulfilling his touchstone campaign pledge of making the wealthy pay more in income taxes as the billionaire proposed a...
SPRINGFIELD, Ill. (AP) — The Latest on Gov. J.B. Pritzker's proposed graduated income tax (all times local):
A leading Illinois business advocate says Gov. J.B. Pritzker has...
LANSING, Mich. (AP) — A top Republican lawmaker on Wednesday strongly criticized Gov. Gretchen Whitmer's proposal to raise taxes on some businesses to help ease the burden on retirees, calling it...
Editorials from around Oregon
Selected editorials from Oregon newspapers:
The Register-Guard, March 6, on parents needing to lead suicide awareness:
LANSING, Mich. (AP) — Democratic Gov. Gretchen Whitmer on Tuesday defended her proposal to nearly triple Michigan's per-gallon gasoline tax to make it the highest in the nation, promising no more...
SANTA FE, N.M. (AP) — The Latest on activity in the New Mexico Legislature (all times local):
New Mexico's Democratic governor is voicing support for major provisions of a...
TALLINN, Estonia (AP) — The Latest on Estonia's general election (all times local):
Preliminary results from Estonia's parliamentary election show a center-right party that...
Sweeping tax overhaul clears New Mexico House
SANTA FE, N.M. (AP) — It's billed by Democrats as New Mexico's best chance to save thousands of children from a life of poverty by investing more money than ever before in public education and...
- Wisconsin State JournalLands' End profits fall, but tax reform boosted 2017 resultsMarch 22, 2019
- Columbus TelegramLegislative committee edges toward sales tax increase; tentative plan likely to earn vetoMarch 22, 2019
- The Washington TimesSherrod Brown blames GOP tax cuts for GM plant closingMarch 19, 2019
- The Washington TimesSherrod Brown blames GOP tax cuts for GM plant closingMarch 19, 2019
SANTA FE, N.M. (AP) — The New Mexico House of Representatives voted late Friday in favor of changes to the state tax code that would increase some personal income tax rates and impose new taxes on...
Plan to make sweeping changes to tax system being unveiled
SALT LAKE CITY (AP) — Lawmakers have unveiled an overview of their proposal to make sweeping changes to the state's tax system, including a reduction of the sales tax and the addition of new taxes...
Kansas lawmakers add cut in tax on food to income tax bill
TOPEKA, Kan. (AP) — Republican lawmakers in Kansas have wedded a popular proposal to cut taxes on groceries to a GOP income tax relief bill in hopes of winning over skeptical colleagues and making...
Virginia lawmakers adjourn scandal-marked 2019 session
RICHMOND, Va. (AP) — Virginia lawmakers wrapped up this year's scandal-marked legislative session Sunday after passing a state budget that includes pay raises for teachers and state employees and...
5 Democratic governors head to DC to fight tax overhaul
ALBANY, N.Y. (AP) — The Democratic governors of New York, Connecticut, New Jersey, Oregon and Illinois are teaming up to fight a provision in the 2017 federal tax overhaul that they say is hurting...
3 experts explain the changes in the Trump tax law
Tax preparation is rarely easy, but this filing season comes with a unique set of complications.
It's the first year people are filing under the massive overhaul to tax law put in place by...
New York Gov. Cuomo to urge Trump to rethink tax changes
WASHINGTON (AP) — New York Gov. Andrew Cuomo visited the White House on Tuesday to urge President Donald Trump to rethink a provision in the 2017 tax overhaul that Cuomo says is prompting a sharp decline in state revenues.
The Democratic governor met with the Republican president to discuss the $10,000 cap on the federal deduction for state and local taxes — known as SALT.
Nissan’s profit drops amid former chair Ghosn’s arrest
TOKYO (AP) — Nissan lowered its profit forecast for the full year on Tuesday, partly due to special charges related to alleged false financial reporting by its former chairman, Carlos Ghosn.
Nissan Motor Co.'s profit in the October-December quarter was 70.4 billion yen ($637 million), down from 301.6 billion yen the previous year. Quarterly sales grew 6 percent to 3.05 trillion yen ($27.5 billion).
NY Gov. Cuomo to meet with Trump about impact of tax changes
ALBANY, N.Y. (AP) — New York Gov. Andrew Cuomo will travel to Washington, D.C., this week for a meeting with President Donald Trump to discuss how recent federal tax changes are hurting the state's bottom line.
- Globe NewswireLands' End Announces Fourth Quarter and Fiscal 2018 ResultsMarch 21, 2019
- Globe NewswireMicron Technology, Inc., Reports Results for the Second Quarter of Fiscal 2019March 20, 2019
- Globe NewswireSteelcase Reports Fourth Quarter and Fiscal 2019 ResultsMarch 19, 2019
- Business WireAPS Returning More Money to Customers Thanks to Federal Tax ReformMarch 13, 2019
Kansas Democrats attack GOP tax plan as corporate give-away
TOPEKA, Kan. (AP) — Kansas Democrats are attacking a Republican tax relief bill approved Thursday by the state Senate as a give-away to large corporations and managed to peel away a couple of GOP votes Thursday by highlighting how it benefits big businesses.
Clash in Kansas over tax relief quickly coming to a head
TOPEKA, Kan. (AP) — Democratic Gov. Laura Kelly's election victory suggested that Kansas repudiated past GOP fiscal policies, yet voters also encouraged top Republicans to pursue income tax relief by giving conservatives more power in the Legislature.
The Latest: GOP lawmakers in Kansas advance tax relief plan
TOPEKA, Kan. (AP) — The Latest on the Kansas Legislature's debate over a Republican tax relief proposal (all times local):
Republican legislators in Kansas have advanced a bill designed to prevent individuals and businesses from paying higher income taxes to the state because of changes in federal tax laws.
Toyota profit plummets despite moderately solid sales
TOKYO (AP) — Toyota's fiscal third quarter profit plunged to 180.9 billion yen ($12.6 billion), about a fifth of what the Japanese automaker earned the previous year, despite relatively solid sales, the Japanese automaker said Wednesday.
Toyota Motor Corp.'s October-December profit in 2017 had totaled 941.8 billion yen, helped by perks from U.S. tax reforms.
Toyota, Japan's No. 1 automaker, said that profit for the latest quarter was also hurt by unrealized gains and losses in equity securities.
Cuomo: Federal tax law costing NY state $2.3B so far
ALBANY, N.Y. (AP) — New York's income tax receipts are down more than $2 billion so far, creating a significant and serious state budget deficit that is mainly caused by last year's Republican-led federal tax cuts, Democratic Gov. Andrew Cuomo said Monday.
Cuomo said at a state Capitol news conference that the year-old federal law capping a deduction for state and local taxes — known as SALT — at $10,000 is the culprit for a projected $2.3 billion deficit.
Arizona governor vetoes GOP tax bill, calls it irresponsible
PHOENIX (AP) — Arizona taxpayers face further uncertainty about how much they owe in 2018 taxes after Gov. Doug Ducey on Friday vetoed a measure backed by Republican lawmakers, intensifying a standoff over how to calculate tax bills even as more than 200,000 people have already filed.
Merck 4Q net powered by cancer treatment sales, lower taxes
Higher medicine sales and lower restructuring and other costs lifted drugmaker Merck to a $1.83 billion profit in the fourth quarter, as it edged past Wall Street expectations.
The maker of blockbuster cancer drug Keytruda and Januvia diabetes pills lost $1.05 billion a year earlier, when it had a $2.92 billion tax bill due to a federal tax overhaul.
Merck shares rose in early trading, despite the drugmaker giving a 2019 financial forecast a bit below analysts' consensus.
Pfizer swings to loss due to restructuring, asset writedowns
NEW YORK (AP) — Pfizer lost $394 million in the fourth quarter as it booked billions in charges for layoffs and losses related to the acquisition of a trouble-plagued business that makes sterile injectable medicines.
Pfizer edged past Wall Street's profit expectations, but its 2019 financial forecast was far below what analysts anticipated. Shares were under pressure in early trading, but rose 2 percent by Tuesday afternoon.
GOP lawmakers in Kansas pushing ahead with tax relief plan
TOPEKA, Kan. (AP) — Republican legislators in Kansas expect to push forward this week with an income tax relief proposal in defiance of Democratic Gov. Laura Kelly's call for lawmakers to avoid adjusting state tax laws this year.
Muted political tone at largest Koch donor network meeting
INDIAN WELLS, Calif. (AP) — A record-breaking number of wealthy donors have gathered at conservative billionaire industrialist Charles Koch's private weekend retreat, where leaders of the powerful political network have taken a decidedly different, more politically muted tone than in years past.
New Mexico Legislature weighs tax reforms
SANTA FE, N.M. (AP) — State legislators on Wednesday pushed forward with tax reform efforts aimed at reducing state government's dependence on a volatile oil and natural gas sector and providing steady funding for road maintenance, public schools and teacher pay increases.
Egypt’s el-Sissi says most painful of reforms is over
CAIRO (AP) — Egypt's president said Wednesday that the most painful part of his ambitious economic reform program was over, but cautioned there was still some way to go before it's completed.
The reforms included floating the currency, substantial cuts in state subsidies on basic goods, and introducing a wide range of new taxes. The measures led to a significant rise in prices and services, something critics say has hurt the poor and middle class the hardest.
CSX delivers quarterly profit in line with Wall Street views
OMAHA, Neb. (AP) — CSX Corp. delivered a fourth-quarter profit of $843 million, which was lower than last year when tax reforms were approved but in line with Wall Street expectations.
Malaysia’s 2018 auto sales rebounded, flat growth seen
KUALA LUMPUR, Malaysia (AP) — New vehicle sales in Malaysia rebounded last year after two straight years of contraction, thanks to a three-month tax holiday, but growth is likely to remain flat this year amid uncertainties over government policies, an automotive group said Wednesday.
Iowa lawmakers convene amid calls for ‘pro-growth agenda’
DES MOINES, Iowa (AP) — Republicans who control the Iowa Legislature vowed Monday to continue building the state's workforce while reducing taxes and government dependence, the kind of reforms they say voters had in mind when returning them to power.
Both parties pledged bipartisanship as the legislative session opened but largely laid out priorities unlikely to foster much agreement.
California governor brings personal touch, fresh focus
SACRAMENTO, Calif. (AP) — Gov. Gavin Newsom held his toddler son during his inaugural address, spent nearly two hours discussing his state budget with reporters and engaged in two Twitter spats with the president.
Newsom, 51, took office Monday and quickly dove into governing the nation's most populous state, but with a different focus and touch than his 80-year-old predecessor, fellow Democrat Jerry Brown.
Property tax reform a key issue for GOP legislative leaders
DES MOINES, Iowa (AP) — Iowa GOP legislative leaders said Thursday they plan to go into the 2019 session challenging the way things are done in state government focusing on several issues including property taxes and picking judges.
Idaho Tax Commission offers help calculating withholding
BOISE, Idaho (AP) — State officials have launched an Idaho-specific W-4 form to help taxpayers figure out how much state income tax should be withheld from their paychecks.
The Idaho Tax Commission on Tuesday also says it will mail copies of the form to 70,000 Idaho employers with payroll withholding accounts.
Officials say thousands of Idaho residents haven't updated their withholding since the tax reforms following the federal tax overhaul and an Idaho tax cut in March.
Orrin Hatch ends 4-decade Senate run as unique GOP voice
SALT LAKE CITY (AP) — Orrin Hatch ended his tenure Thursday as the longest-serving Republican senator in history, capping a unique career that positioned him as one of the most prominent conservatives in the United States.
Walker plans to give speeches, advocate for conservatives
MADISON, Wis. (AP) — Wisconsin Gov. Scott Walker said Tuesday that after he leaves office next week he will join a speakers' bureau to travel the country and talk in new ways about conservative issues, while helping in the effort to re-elect President Donald Trump.
The details about his future plans were the first Walker has given publicly since he lost his bid for a third term in November to Democrat Tony Evers, the Wisconsin state superintendent. Evers replaces Walker on Monday.
Paying for Medicaid, schools will be priority for lawmakers
JEFFERSON CITY, Mo. (AP) — Big-dollar decisions about health care and education will top the agenda in many state capitols as lawmakers convene for their 2019 sessions with a closer balance between Republicans and Democrats.
1,000s of Taiwanese protest taxes with nod to French rallies
TAIPEI, Taiwan (AP) — Thousands of Taiwanese, taking a page from France's yellow vest movement, protested Thursday for the third time in a week to demand lower taxes and the fair handling of tax disputes.
Wearing yellow vests, they shouted slogans and blared air horns outside the Ministry of Finance in Taipei, the capital city, and waved banners calling Taiwan's tax collection policies illegal. Some wore clear plastic raincoats over their vests in a light rain.