Government taxation and revenue
Obama to campaign in Iowa, promote energy plan
As President Barack Obama readies for a return to the Iowa State Fairgrounds, his campaign is reminding voters that it was in that same spot where Republican rival Mitt Romney declared last year that "corporations are people." Democrats slammed Romney's assertion as a gaffe that showed the former Massachusetts governor ...
Romney promotes education agenda, defends Bain
Originally planning to focus on education, Mitt Romney instead reignited the debate over his business credentials on Wednesday, welcoming scrutiny of the private equity firm he co-founded and declaring he's a far more qualified steward of the economy than President Barack Obama. At the same time, Romney said that if ...
Poll finds support fading for $1 cigarette tax
Voter support for a $1 per-pack tax hike on cigarettes is dropping quickly, according to a new poll that reflects the effectiveness of an opposition campaign funded by tobacco companies. The Public Policy Institute of California poll released Wednesday found that 53 percent of likely voters say they will vote ...
States looking to new tolls to pay for highways
Driving onto an Interstate highway? Crossing a bridge on the way into work? Taking a tunnel under a river or bay? Get ready to pay. With Congress unwilling to contemplate an increase in the federal gas tax, motorists are likely to be paying ever more tolls as the government searches ...
Chicago Dems choose candidate to take on Smith
Chicago Democrats on Wednesday chose an attorney and onetime chief of staff to former Cook County Board President Todd Stroger as their third-party candidate to challenge indicted state Rep. Derrick Smith. The group, led by Illinois Secretary of State Jesse White, vetted several candidates in public forum-style meetings before settling ...
Checks from drilling may dip as gas prices fall
Royalty checks that start to arrive when a gas company drills on your property can make for some very profitable envelopes in the mailbox. But the low natural gas prices that have disrupted industry balance sheets in recent months could start to cut into those checks. Put it this way: ...
Rep. Ryan: GOP can work with Democrats, sometimes
Republicans can work with Democrats. At least some of them. That was the assessment Tuesday of House Budget Committee Chairman Paul Ryan, who told a sold-out audience at the Ronald Reagan Presidential Library that some members of the two parties could work together to reform taxes and Medicare, even in ...
CBO warns of US falling off 'fiscal cliff'
A new government study released Tuesday says that allowing Bush-era tax cuts to expire and a scheduled round of automatic spending cuts to take effect would probably throw the economy into a recession. The Congressional Budget Office report says that the economy would shrink by 1.3 percent in the first ...
Court grants NH nuclear plant some tax exemptions
The owners of the Seabrook power plant cannot get tax exemptions on facilities that operate only in emergencies, though it can claim them on systems that run regularly, the New Hampshire Supreme Court ruled unanimously Tuesday. The ruling is the latest step in a fight that began when the plant's ...
Prolonged Facebook slide could hurt Calif budget
California's budget could take a hit if Facebook's stock price keeps sliding. Gov. Jerry Brown previously estimated the state would generate between $1.4 billion and $1.9 billion over the next 13 months from taxes related to sales of Facebook stock. The estimate was based on a price of $35 a ...
Calif. worries Facebook could lead to stock slump
California's budget could take a hit if Facebook's stock price keeps sliding. Gov. Jerry Brown estimated the state will generate between $1.4 billion and $1.9 billion over the next 13 months from taxes related to sales of Facebook stock. The estimates were based on prices at $35 per share. Facebook ...
Brown seeks business support for tax-hike proposal
Gov. Jerry Brown on Tuesday pitched his proposal to raise the state sales and income taxes to an audience that traditionally opposes tax increases — members of the California Chamber of Commerce. The Democratic governor wants voters to approve the temporary tax increases in November as part of what he ...
Obama to push clean energy technologies in Iowa
Anxious to show voters he's working to create jobs, President Barack Obama is putting tax credits to boost clean energy in the spotlight this week as he heads to the political battleground state of Iowa. The president will visit TPI Composites, a wind manufacturer in Newton, on Thursday to highlight ...
Chicago braces for last day of large NATO protests
Demonstrators launched another round of protests Monday in the final hours of the NATO summit, marching through an unusually quiet downtown Chicago to the headquarters of Boeing and President Barack Obama's re-election campaign. On the second and last day of the international meeting, the demonstrations were notably smaller than weekend ...
After NATO summit, questions about protest mindset
For activists, the NATO summit in Chicago served as one big stage from which to air a broad range of grievances — not just the war in Afghanistan or other actions of the 63-year-old military alliance. In their effort to maximize turnout, organizers were quick to welcome a wide variety ...
Conn. subsidies seen spurring home solar power
Dmitri Donskoy figures he'll save only $20 a month on his electricity bill after solar panels are installed on the roof of his home under a state-subsidized program. But he shrugs it off because the green energy appeals to his environmental concerns. Donskoy, a software developer in Prospect, said he ...
Is GOP trying to sabotage economy to hurt Obama?
Are Republican lawmakers deliberately stalling the economic recovery to hurt President Barack Obama's re-election chances? Some top Democrats say yes, pointing to GOP stances on the debt limit and other issues that they claim are causing unnecessary economic anxiety and retarding growth. The latest Democratic complaint came after House Speaker ...
Mo. lawmakers pass contraception bill on final day
Missouri's Republican-led Legislature registered its discontent with President Barack Obama's health care policies Friday during an otherwise uneventful final day of a legislative session in which lawmakers settled for the doable instead of the ideal on their education and business priorities. Legislators sent the governor a bill stating that employers ...
Fetal pain bill makes DC abortion battleground
The nation's capital once again served as a battleground in the national debate over abortion Thursday as a Congressional subcommittee aired a bill that would ban abortions in the District of Columbia after 20 weeks of pregnancy. The proposal, introduced by Rep. Trent Franks, R-Ariz., is based on the disputed ...
California city puts soda tax on November ballot
Voters in Richmond are set to decide whether to make the San Francisco Bay area city the nation's first municipality to tax soda and other sugary beverages to help fight childhood obesity. The Richmond City Council voted 5-2 on Tuesday to place the soda tax measure on the Nov. 6 ...
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