Government taxation and revenue

August 14, 2020 - 6:46 pm

After brief trade truce, US slaps levy on Canadian aluminum

WASHINGTON (AP) — After more than two years of browbeating and trade sanctions on Canada and Mexico, President Donald Trump strong-armed the United States’ neighbors into agreeing to supplant a 25-year-old North American trade agreement with one of his own. His pact, meant to update the old deal...
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President Donald Trump speaks at a news conference in the James Brady Press Briefing Room at the White House, Thursday, Aug. 13, 2020, in Washington. (AP Photo/Andrew Harnik)
August 13, 2020 - 7:47 pm

Trump's suggestion to eliminate payroll tax doesn't add up

WASHINGTON (AP) — President Donald Trump’s push to cut Social Security payroll taxes for the rest of the year — and even arguing for a permanent cut — would do little to bolster the coronavirus-battered economy in the short term and could destabilize long-term funding for benefits that millions of...
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August 13, 2020 - 5:04 pm

Prince Harry, Meghan Markle move into new California home

LOS ANGELES (AP) — Prince Harry and Meghan Markle have moved into a new family home in Southern California, their spokesman said Thursday without providing details. Real estate agents and tax records point to a seven-acre estate in Santa Barbara County, according to The Los Angeles Times. “The Duke...
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President Donald Trump signs an executive order during a news conference at the Trump National Golf Club in Bedminster, N.J., Saturday, Aug. 8, 2020. (AP Photo/Susan Walsh)
August 12, 2020 - 6:01 pm

Business lobby raises concerns over Trump payroll tax break

WASHINGTON (AP) — The nation's leading business group on Wednesday raised serious concerns about President Donald Trump's move to defer Social Security payroll taxes for American workers, warning that the plan for a shot of economic relief during the coronavirus pandemic could prove unworkable. The...
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President Donald Trump talks with reporters before departing from Morristown Municipal Airport in Morristown, N.J., Sunday, Aug. 9, 2020. Trump was returning to Washington after spending the weekend at Trump National Golf Club. (AP Photo/Susan Walsh)
August 11, 2020 - 5:36 am

Dems say Trump's payroll tax break weakens Social Security

WASHINGTON (AP) — President Donald Trump’s move to defer Social Security payroll taxes could be taking him into treacherous political territory. His directive — aimed at boosting an economy shaken by the coronavirus pandemic — doesn’t affect retirement benefits but impacts how they're paid for...
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President Donald Trump talks with reporters before departing from Morristown Municipal Airport in Morristown, N.J., Sunday, Aug. 9, 2020. Trump was returning to Washington after spending the weekend at Trump National Golf Club. (AP Photo/Susan Walsh)
August 10, 2020 - 7:31 pm

Dems say Trump's payroll tax break weakens Social Security

WASHINGTON (AP) — President Donald Trump’s move to defer Social Security payroll taxes could be taking him into treacherous political territory. His directive — aimed at boosting an economy shaken by the coronavirus pandemic — doesn’t affect retirement benefits but impacts how they're paid for...
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FILE- In this April 25, 2020 file photo, New Jersey Gov. Phil Murphy speaks during his daily press briefing at the the War Memorial in Trenton, N.J. Murphy signed legislation on Thursday, July 16, 2020, authorizing nearly $10 billion in debt to plug budget holes brought on by the coronavirus pandemic, but Republicans sued him, arguing the bill runs afoul of the state constitution. (Chris Pedota/The Record via AP, File)
August 10, 2020 - 4:38 pm

No federal relief leaves states, cities facing big deficits

State and local government officials across the U.S. have been on edge for months about how to keep basic services running while covering rising costs related to the coronavirus outbreak as tax revenue plummeted. It’s now clear that anxiety will last a lot longer. Congressional talks over another...
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August 10, 2020 - 2:37 pm

Trump lawyers make final pitch to block tax record release

NEW YORK (AP) — President Donald Trump’s lawyers made a final pitch Monday to block a New York prosecutor from getting his tax records, saying the Democrat was still “fishing for a way to justify his harassment of the President.” The lawyers made their written submission to a federal judge who last...
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President Donald Trump prepares to sign four executive orders during a news conference at the Trump National Golf Club in Bedminster, N.J., Saturday, Aug. 8, 2020. Seizing the power of his podium and his pen, Trump on Saturday moved to bypass the nation's elected lawmakers as he claimed the authority to defer payroll taxes and extend an expired unemployment benefit after negotiations with Congress on a new coronavirus rescue package collapsed.(AP Photo/Susan Walsh)
August 10, 2020 - 6:06 am

Trump end run around Congress raises questions on his claims

BRIDGEWATER, N.J. (AP) — President Donald Trump’s end run around Congress on coronavirus relief is raising questions about whether it would give Americans the economic lifeline he claims and appears certain to face legal challenges. Democrats called it a pre-election ploy that would burden cash-...
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President Donald Trump signs an executive order during a news conference at the Trump National Golf Club in Bedminster, N.J., Saturday, Aug. 8, 2020. (AP Photo/Susan Walsh)
August 09, 2020 - 7:28 pm

Trump's pandemic relief orders are limited in scope

NEW YORK (AP) — President Donald Trump's new executive orders to help Americans struggling under the economic recession are far less sweeping than any pandemic relief bill Congress would pass. Trump acted Saturday after negotiations for a second pandemic relief bill reached an impasse. Democrats...
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