BOSTON (AP) — The highest court in Massachusetts ruled Wednesday that the wording of a summary of a ballot question for a proposed “millionaire tax” constitutional amendment is legal and the measure can go before voters in November.
BOGOTA, Colombia (AP) — Colombia for the first time elected a leftist as president, but the slim victory is a cue that a large portion of the country rejects the ambitious proposals of Gustavo Petro, who will have to consider their concerns and negotiate with a divided Congress to deliver on promises.
WASHINGTON (AP) — A transcript of an Oval Office interview Thursday with President Joe Biden by AP White House reporter Josh Boak.
PHILADELPHIA (AP) — President Joe Biden told the largest federation of labor unions on Tuesday that he's working to rebuild the U.S. economy around workers, an attempt to draw a contrast with Republicans who have increasingly attracted blue-collar votes.
SIOUX FALLS, S.D. (AP) — Primary voters will decide Tuesday whether to add a provision to South Dakota's constitution making it more difficult to pass ballot measures that raise taxes or significantly expand government funds, a showdown over direct democracy in the state that pioneered voter-initiated laws.
BOGOTA, Colombia (AP) — In a blow to Colombia’s political class, a leftist former rebel and a populist businessman took the top two spots in the country’s presidential election Sunday and headed to a runoff showdown in June.
KOENIGSWINTER, Germany (AP) — Treasury Secretary Janet Yellen celebrated a “historic day” last summer when more than 100 nations agreed to a global minimum tax deal, aimed at putting the world's countries on a more equal footing in attracting and keeping multinational companies.
BONAIRE, Ga. (AP) — A major state income tax cut signed by Republican Georgia Gov. Brian Kemp as he seeks reelection could eventually total more than $2 billion, but the reductions may only happen by a 2029 target date if state revenue holds up.
TOPEKA, Kan. (AP) — New Kansas laws will make the state fair home to drinkers who roam and allow the state to tax each bale of home-grown cotton up to $2 to pay for efforts to get rid of the bug that ruins cotton crops.
WASHINGTON (AP) — The Supreme Court on Monday rejected a challenge from New York, New Jersey, Connecticut and Maryland to the 2017 tax law that capped federal tax deductions for state and local taxes.
ATLANTA (AP) — Georgia lawmakers are agreeing on plan to create a flat state income tax of 4.99% by 2029 or later, cutting taxes by more than $1 billion and delivering on a key Republican priority in the closing hours of the 2022 legislative session late Monday.
ATLANTA (AP) — Georgia senators are favoring a more gradual income tax cut that would start smaller than one proposed by the House, but eventually could be twice as big.
The Senate voted 51-4 on Friday in favor of its version of House Bill 1437, which would gradually create a flat state income tax of 4.99% by 2032 or later.
WASHINGTON (AP) — A “Billionaire Minimum Income Tax” is included in President Joe Biden’s fiscal year 2023 budget proposal — part of the administration’s effort to reduce the federal deficit over the next decade and fund new spending.
FRANKFORT, Ky. (AP) — The Kentucky House passed legislation Monday that would set a flat tax rate for every parimutuel wager placed in a state known as the world’s horse capital.
The measure, sent to the Senate on a 66-29 vote, would keep the tax rate unchanged for slots-style historical horse racing machines.
PHOENIX (AP) — Talks among Arizona Republican lawmakers who want to sidestep a voter referendum that has blocked the nearly $2 billion income tax they passed last year are heating up, and a special session to repeal and replace the tax cuts could be called at any time.
ATLANTA (AP) — A plan to cut Georgia state income taxes by more than $1 billion passed the state House Wednesday on a 115-52 vote, with a significant number of Democrats backing the plan despite findings that the changes would raise taxes on more than 500,000 Georgians and that overall benefits are tilted toward the most wealthy taxpayers.
LANSING, Mich. (AP) — Republicans who control the Michigan Legislature agreed Tuesday on a plan to cut taxes by $2.5 billion annually, advancing a bill that will be vetoed because there is no deal with Democratic Gov.
DES MOINES, Iowa (AP) — Iowa Gov. Kim Reynolds on Tuesday signed into law a bill that phases in a 3.9% flat tax over four years, eliminates taxes on retirement income and lowers taxes for corporations at an estimated overall cost of about $2 billion in lower annual total state income when fully implemented.
ATLANTA (AP) — Georgia's House speaker on Tuesday proposed a $1 billion tax cut that would create a flat state income tax with a 5.25% tax rate, raise the amount of income exempt from taxation and eliminate many deductions.
DES MOINES, Iowa (AP) — The Iowa Legislature sent a bill to Gov. Kim Reynolds Thursday that creates a 3.9% flat tax in four years, eliminates taxes on retirement income and lowers taxes for corporations at an estimated cost of about $2 billion to a state with an annual $8 billion budget.
AUGUSTA, Maine (AP) — Gov. Janet Mills is supporting a bill to reform tribal rights in Maine but continues to push back on a larger bill that would restore the sovereignty rights to the state's four tribal nations.
DES MOINES, Iowa (AP) — The Iowa House passed a tax cut proposal Wednesday that would move the state to a 4% flat income tax over four years and repeal all state taxes on retirement income beginning next year.
Tax cuts, criminal justice reform, and the future of COVID-19 restrictions are among the host of issues Connecticut lawmakers are expected to take up when the 2022 legislative session convenes on Wednesday.
DES 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.
COLUMBIA, S.C. (AP) — Republican leaders in the South Carolina House appear ready to tackle cutting income taxes in the state before this year's General Assembly session ends in May.
ISLAMABAD (AP) — The International Monetary Fund has approved a $1 billion loan as part of a bailout package to Pakistan, following reforms to rein in state spending, increase tax collection and make the central bank more independent, the IMF and the country’s finance minister said.
ROME (AP) — A Vatican appeals court has upheld the convictions of two former managers of the Vatican bank and ordered them to pay back some 40 million euros from bad investments over a decade ago.
The court originally convicted Paolo Cipriani and Massimo Tulli in 2018 and held them liable for mismanagement.
BOISE, Idaho (AP) — A panel of lawmakers on Tuesday approved the state’s largest-ever tax relief package, voting to send the $600 million tax measure to the full House.
“Every Idahoan benefits from this bill,” said Republican Rep.
ATLANTA (AP) — Gov. Brian Kemp is pitching his plan to lawmakers to spend almost $3 billion more in the coming budget year, telling them “we've got a lot of good things to talk about this year.”
That list includes income tax rebates, pay raises for teachers, university employees and state employees, more funding for K-12 and higher education.
DES MOINES, Iowa (AP) — Iowa Gov. Kim Reynolds proposed Tuesday night that Iowa cut taxes by nearly $2 billion by moving to a 4% flat income tax phased in over four years and repealing all state taxes on retirement income beginning next year.
DES MOINES, Iowa (AP) — Iowa's Senate president opened the legislative session Monday with an attack on the media and claims of a “sinister agenda” to normalize deviant behavior against children.
DES MOINES, Iowa (AP) — Gov. Kim Reynolds said Tuesday that Iowans can expect another round of tax cuts, proposed legislation to prod unemployed Iowans to find jobs and proposals to address a shortage of teachers and child care workers.
PHOENIX (AP) — Arizona Republican lawmakers who pushed through a nearly $2 billion income tax cut in the last session are looking to repeal it and replace it with a new version, a move that would end a voter referendum that has stopped the tax cut law from taking effect.
PHOENIX (AP) — A judge has ruled Arizona voters have a constitutional right to decide a referendum in November 2022 that seeks to repeal tax cuts that were approved by the Legislature and signed into law by Republican Gov.
LOS ANGELES (AP) — Leading California cannabis companies warned Gov. Gavin Newsom on Friday that the state’s legal industry was on the verge of collapse and needed immediate tax cuts and a rapid expansion of retail outlets to steady the shaky marketplace.
PHOENIX (AP) — The Arizona secretary of state's office on Friday certified that opponents of massive tax cuts enacted by the Legislature and signed by Republican Gov. Doug Ducey collected enough signatures to block them from taking effect until voters can weigh in next November.
BRUNSWICK, 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.
JACKSON, Miss. (AP) — Mississippi lawmakers are tweaking a proposal to create a medical marijuana program, but Republican Gov. Tate Reeves has not said when he will call a special session to put it into law.
A global investigation has revealed how the rich and powerful have being hiding their investments in mansions, exclusive beachfront property, yachts and other assets for the past quarter-century. Collectively these assets are worth trillions of dollars.
HARRISBURG, Pa. (AP) — Lou Barletta, the former congressman seeking the Republican nomination for governor of Pennsylvania, has signed a pledge from a conservative anti-tax Washington-based group that commits him to oppose tax increases.
WASHINGTON (AP) — President Joe Biden has a simple message for fellow Democrats about his plan to raise taxes to remake large swaths of the American economy: look beyond the bottom line.
Biden is trying to persuade Democrats to embrace a more emotional argument, namely that the plan is fair, that it increases taxes on those who can afford to pay more and spends money on programs targeting children and the middle class.
MONTPELIER, Vt. (AP) — The tax-free purchase of feminine hygiene products, the legal requirement for sexual consent, and prison reforms protecting inmates are among new laws that took effect at the start of July.
PHOENIX (AP) — Gov. Doug Ducey on Wednesday signed into law a $12.8 billion budget for Arizona that includes a significant tax cut primarily benefiting the wealthy, fulfilling a long-held priority for the Republican governor who promised to drive taxes as low as possible.
PHOENIX (AP) — After slashing $1.9 billion in income taxes mainly benefiting upper-income taxpayers and shielding them from higher taxes approved by voters in an initiative last year, the Republican-controlled House returned Friday and passed more legislation targeting Proposition 208.
HONOLULU (AP) — Hawaii Gov. David Ige said Monday he may veto 28 bills passed by the Legislature this year, including measures that would award bonuses to public school teachers and overhaul the transient accommodations tax.
PHOENIX (AP) — The Arizona Legislature has scheduled debate on a $12.8 billion state budget plan for Tuesday as a pair of Republican lawmakers who had blocked it because of concerns over massive tax cuts and their effects on city finances said they now mainly back the plan.
PHOENIX (AP) — A pair of Republican Arizona lawmakers who objected to a $1.9 billion tax cut in a $12.8 billion GOP budget deal were close Thursday to winning major concessions that would secure their support for the spending plan before the whole deal came to a halt over the tax cut's effects on city revenue.
CHICAGO (AP) — Gov. J.B. Pritzker signed a $42 billion spending plan for Illinois on Thursday that includes $2.5 billion in spending from a multiyear federal relief package.
“Illinois has taken a giant step forward toward true fiscal stability,” Pritzker said during a celebratory news conference Thursday, a day after legislators approved a correction on effective dates in the plan that he deemed were “inadvertent.”
BATON ROUGE, La. (AP) — The Louisiana legislative session enters its last week with Republican leaders' main tax overhaul proposals unfinished, but most other major issues settled in a rare year where lawmakers likely won't be scrambling to finish their workload in the session's waning hours.