Missouri lawmakers pass bill to cut income taxes
September 29, 2022 GMTCOLUMBIA, Mo. (AP) — Missouri lawmakers on Thursday gave final approval to an income tax cut that Gov. Mike Parson requested and ditched a last-minute proposal to cut corporate taxes.
The Republican-led Missouri House voted 98-32 in favor of the bill, which would cut income taxes from 5.3% to 4.95% beginning next year and phase in additional cuts until the rate hits 4.5%.
Spain announces temporary taxes on banks, energy companies
July 12, 2022 GMTMADRID (AP) — Spanish Prime Minister Pedro Sánchez on Tuesday announced temporary taxes on banks and energy companies and promised a series of measures to help people suffering from soaring inflation and utility costs as Russia's war in Ukraine drags on.
With accounts flush, budget talks come down to schools aid
June 24, 2022 GMTHARRISBURG, Pa. (AP) — With a week to go until the state's budget deadline, Gov. Tom Wolf and leaders of the Republican-controlled Legislature are working through their remaining differences as they try to produce an agreement on a roughly $42 billion budget plan that they say will marshal substantial new aid for Pennsylvania’s public schools and environmental cleanups while cutting corporate taxes.
Pennsylvania Senate pushes plans to cut corporate taxes
June 15, 2022 GMTHARRISBURG, Pa. (AP) — Pennsylvania's Senate approved two competing plans Wednesday to slash the state's corporate net income tax rate, although Democrats warned the bills are premature because there is no agreement with Gov.
Business Highlights: McDonald’s Russia exit,
May 16, 2022 GMT___
De-Arching: McDonald’s to sell Russia business, exit country
CHICAGO (AP) — McDonald’s says it’s started the process of selling its Russian business, which includes 850 restaurants that employ 62,000 people.
A Bezos-Biden squabble: Can corporate taxes tame inflation?
May 16, 2022 GMTWASHINGTON (AP) — Jeff Bezos this weekend became the latest centibillionaire to launch a political fight on Twitter by denouncing a tweet from President Joe Biden about corporate taxes as “disinformation” and "misdirection."
Iowa GOP tax cut plans raise concerns about long-term impact
February 5, 2022 GMTDES MOINES, Iowa (AP) — Republicans have released three plans to cut taxes in Iowa and all share the common themes of phasing in a flat personal income tax and eliminating taxes on retirement income at a cost of billions of dollars to state revenue.
Maine senator backs plan to make sure corporations pay taxes
October 30, 2021 GMTBRUNSWICK, Maine (AP) — Maine's independent senator has joined with Democrats on a proposal to stop large corporations from avoiding federal taxes.
Sen. Angus King is working with Democrats including Sen.
$205M is first deposit in Louisiana fund aimed at stability
October 18, 2021 GMTBATON ROUGE, La. (AP) — Louisiana collected enough business taxes during the last budget year to deposit the first $205 million into a never-used, five-year-old trust fund created to curb the state's boom-and-bust cycles of budgeting.
In GOP stronghold, Biden pushes for his infrastructure plan
May 6, 2021 GMTLAKE CHARLES, La. (AP) — With a badly aging bridge as his backdrop, President Joe Biden stood in reliably Republican Louisiana on Thursday to pressure GOP lawmakers to support his $2.3 trillion infrastructure plan — and yet express a willingness to compromise on the corporate tax hikes he's recommending to pay the cost...
AP FACT CHECK: Biden’s job inflation on infrastructure
April 6, 2021 GMTWASHINGTON (AP) — President Joe Biden and his team have offered a vastly inflated projection of how many jobs his infrastructure plan would create, an account his press secretary corrected Tuesday...
Bezos endorses higher corporate taxes for infrastructure
April 6, 2021 GMTWASHINGTON (AP) — Amazon founder and CEO Jeff Bezos endorsed President Joe Biden’s focus on building up the country’s infrastructure Tuesday and said the company even supports a corporate tax rate hike to help pay for it...
A closer look at Biden’s infrastructure and tax proposals
April 1, 2021 GMTPresident Joe Biden says his proposal for an aggressive series of infrastructure investments would require $2...
A closer look at Biden’s infrastructure and tax proposals
March 31, 2021 GMTPresident Joe Biden says his proposal for an aggressive series of infrastructure investments would require $2...
Lawyer: Trump’s delay moves over taxes harms probe of others
July 16, 2020 GMTNEW YORK (AP) — President Donald Trump’s efforts to stall the release of his personal and corporate taxes to a New York state grand jury is jeopardizing the criminal probe of other individuals and entities and could “kill this case," an attorney told a judge Thursday in urging fast action...
Corporate tax hike would do more harm than good
March 17, 2019 GMTThe biggest problem with the proposed tax hikes in Illinois is flying under the radar.
The stealth bomb in the proposed tax increases from Gov. J. B. Pritzker is his call to raise the corporate income tax from 7 to 7.95 percent.
GOP betting that its fix for US economy will defy warnings
December 17, 2017 GMTWASHINGTON (AP) — The tax overhaul of 2017 amounts to a high-stakes gamble by Republicans in Congress: That slashing taxes for corporations and wealthy individuals will accelerate growth and assure greater prosperity for Americans for years to come.