Republican lawmakers in Kansas revive tax relief legislation

U.S. 05/02/19, 22:28

Republican legislators in Kansas revived tax relief legislation Thursday night without assurances that Democratic Gov. Laura Kelly would accept a new, smaller plan for helping individuals and businesses who are paying more in state income taxes because of changes in federal tax laws. The Senate approved, on a 27-13 vote, a ...

Capitol Watch: Farmworker labor debate, Cuomo taxes

New York 04/20/19, 12:04

New York state lawmakers will hold hearings on a proposal to repeal an 80-year-old law that prevents farmworkers in the state from unionizing.The proposal has long languished in Albany, but supporters are more hopeful now that Democrats control the entire Legislature.Meanwhile, a look at Gov. Andrew Cuomo's tax returns shows ...

Kansas GOP struggles for votes to override tax relief veto

U.S. 04/03/19, 18:56

Top Republican lawmakers in Kansas struggled Wednesday to find enough GOP votes to override Democratic Gov. Laura Kelly's veto of a tax relief bill despite a strong push to save the measure from the state Republican Party. The measure Kelly vetoed last week was designed to prevent individuals and businesses from ...

Treasury grants further relief on IRS withholding penalties

Business 03/22/19, 12:13

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 year of a sweeping tax overhaul.Treasury said that taxpayers will be able to avoid penalties for paying too little in taxes ...

NY Gov. Cuomo: No quick vote on legal marijuana

New York 03/11/19, 13:29

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, raising the possibility that approval of retail sales of pot won't get passed by the Legislature this year. The Democrat told ...

Kansas GOP leader compares tax plan to returning a billfold

Business 03/08/19, 16:30

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 few years ago, suggesting the new proposal is akin to finding and returning "a billfold filled with money." The bill the GOP-controlled Kansas ...

Utah leaders postpone sweeping tax reform after backlash

Business 03/07/19, 19:31

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.Republican Gov. Gary Herbert said lawmakers will study the complicated issue over the coming months and likely return in a special session, possibly in the summer.Herbert ...

Update: Business leader skeptical of Pritzker tax plan

Business 03/07/19, 17:55

The Latest on Gov. J.B. Pritzker's proposed graduated income tax (all times local):3:45 p.m.A leading Illinois business advocate says Gov. J.B. Pritzker has it "backward" in trying to solve the state's fiscal crisis with a graduated income tax plan.Illinois Governor J.B. Pritzker unveils his graduated income tax plan, flanked by ...

Senate leader trashes Whitmer’s ‘stupid’ business tax plan

Business 03/06/19, 18:28

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 "stupid."The Democrat's budget proposal would reverse parts of a tax rewrite enacted by former Republican Gov. Rick Snyder and the GOP-led Legislature in ...

Governor’s plan to make Michigan fuel taxes nation’s highest

Business 03/05/19, 12:35

Democratic Gov. Gretchen Whitmer called Tuesday for nearly tripling Michigan's per-gallon gasoline tax — and making the state home to the country's highest fuel taxes — in order to improve aging roads that she warned would only get worse without a major influx of new spending.The $2.5 billion plan would ...

Update: Estonian opposition leader derides govt policies

Tech 03/03/19, 06:53

The Latest on Estonia's general election (all times local):1:50 p.m.The leader of Estonia's main opposition party has voted in the general election and accused Prime Minister Juri Ratas' government of "messing up" the small Baltic nation's taxation system.FILE - In this file photo taken on Thursday, Dec. 13, 2018, Estonian ...

Kansas lawmakers add cut in tax on food to income tax bill

U.S. 02/25/19, 21:43

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 Democratic Gov. Laura Kelly think harder about vetoing it. The House Taxation Committee endorsed its expanded tax relief bill Monday on ...

Tax experts answer questions on new law, filing your return

Business 02/21/19, 10:17

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 Congress in late 2017. Tax season also kicked off days after a partial government shutdown. Things are ...

Nissan’s profit drops amid former chair Ghosn’s arrest

Business 02/12/19, 05:26

Nissan said Tuesday that its third quarter profit plunged to about a quarter of the previous year's, partly due to special charges related to alleged false financial reporting by its former chairman, Carlos Ghosn.The main factor behind the sharp weakening in profit, however, was the absence of a lift from ...

Clash in Kansas over tax relief quickly coming to a head

Politics 02/06/19, 16:56

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 contradiction is driving a political clash coming to a head quickly, with the state Senate debating a ...

Toyota profit plummets despite moderately solid sales

Business 02/06/19, 01:30

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 ...

Q&A: How new law, gov’t shutdown can impact tax season

Business 01/25/19, 00:07

Tax season is almost here and this one could be tricky. It's the first year that taxpayers will be filing under the massive tax law overhaul pushed through by the Trump administration. And a month-long partial shutdown of the federal government threatens to complicate things further for some. Tax filing officially opens ...

New Mexico Legislature weighs tax reforms

Business 01/23/19, 08:52

The New Mexico Legislature is considering tax reforms that would increase state income tax rates on top earners and lower economy-wide tax rates on sales and business services.The lengthy reform proposal from Democratic legislators was schedule for discussion by a House panel on Wednesday. A fiscal analysis of the proposed ...

CSX delivers quarterly profit in line with Wall Street views

U.S. 01/16/19, 17:38

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.The Jacksonville, Florida-based railroad said Wednesday it earned $1.01 per share net income in the quarter that ended Dec. 31. That's down from last ...

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