AFP
WASHINGTON (AFP) - Influential US lawmakers on Thursday called for levying a new income tax to pay for the war in Afghanistan, warning its costs pose a mortal threat to efforts like a sweeping health care overhaul. Full Story »
DES MOINES, Iowa - Iowa Gov. Chet Culver is ordering a review of 30 tax credit programs administered by six state agencies to determine if they are meeting goals established when they were enacted. Full Story »
WASHINGTON - More than 314,000 taxpayers made inaccurate claims for a popular tax credit that helps pay college expenses, getting $532 million they weren't entitled to receive, a government report said Thursday. Full Story »
COLUMBUS, Ohio - Ohio lawmakers were deadlocked once again on how to fix Ohio's budget, as a Senate Republican proposal blending most of Gov. Ted Strickland's tax cut delay with a slew of other funding sources met with swift Democratic opposition. Full Story »
As the policy debate has unfolded in Washington this year, voters have consistently believed that tax cuts would do more than increased government spending to stimulate the economy and create jobs. Now that the nation's unemployment rate has reached 10.2%, voters continue to hold that view. Full Story »
Nov. 19 (Bloomberg) -- Senate Majority Leader Harry Reid unveiled an $849 billion health-care plan that would create new government competition for private insurers, cover almost all Americans and raise a payroll tax on the highest earners. Full Story »
AP
COLUMBUS, Ohio - Victoria's Secret parent Limited Brands Inc. said Wednesday that its third-quarter profit rose above its own forecast, helped by cost cuts and a tax gain. Full Story »
COLUMBUS, Ohio - A business lobbying group that helped create a package of tax changes says it supports a plan to delay income tax cuts to balance Ohio's budget. Full Story »
SANTA FE, N.M. - Nearly three dozen tax increase proposals to help New Mexico cope with a budget shortfall are under consideration by a task force formed by Gov. Bill Richardson. Full Story »
As the deadline approached, the National Association of Realtors urged lawmakers to extend the $8,000 first-time home buyer tax credit, insisting that the perk had played such a vital role in the housing market's recent stability that its expiration was too risky. "Without congressional action now, the market and our national economy may freeze again--possibly as soon as this month," Ron Phipps, NAR's first vice president, told a Senate panel on October 20. Full Story »
DETROIT - An attorney for Compuware Corp. testified Tuesday that ex-Detroit Mayor Kwame Kilpatrick did not sign a promissory note on a $240,000 loan until IRS and federal agents asked to see the documents. Full Story »
TALLAHASSEE, Fla. - A three-judge panel Tuesday rejected another challenge to state constitutional amendments that give property tax breaks to Florida's primary homeowners, but not to owners of second homes. Full Story »
AP
WASHINGTON - Construction of new homes unexpectedly plunged last month, as builders waited to see whether lawmakers would extend a tax credit for homebuyers. Full Story »
AFP/Getty Images/File
DENVER - Colorado is gearing up to officially tax and regulate medical marijuana dispensaries, a move lawmakers say amounts to legal recognition of a growing industry. Full Story »
WASHINGTON - New home construction likely inched higher in October as builders seized on the promise of more orders due largely to a federal tax credit for first-time homebuyers. Full Story »
Reuters
WASHINGTON - More than $98 billion in taxpayer dollars spent by government agencies was wasted, much of it on questionable claims for tax credits and Medicare benefits, representing an increase of $26 billion from the previous year. Full Story »
FARGO, N.D. - A Dickinson construction materials company ignored years of Internal Revenue Service warnings before the corporation and its executives were indicted for tax fraud, a federal judge said Tuesday. Full Story »
LANSING, Mich. - General Motors Co. is promising to keep its headquarters in Detroit in return for expanded state tax credits approved Tuesday. Full Story »
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