Federal judge strikes down tax-free housing for clergy

A federal judge in Wisconsin has struck down as unconstitutional a law that gives clergy tax-free housing allowances, in a ruling that could have far-reaching ramifications for religious leaders who have fought for years to keep the substantial financial benefit. Under the federal law passed in 1954, a "minister of the gospel" doesn't pay income taxes on compensation that is designated part of a housing allowance.

Trump order to ease insurance rules

Stymied in his efforts to repeal the Affordable Care Act, President Donald Trump is poised to issue an order that could ease some federal rules governing health insurance and make it easier for people to band together and buy coverage on their own, administration officials said Saturday. One official said the directive could move the president a step closer to one of his long-standing goals: allowing consumers to buy health insurance across state lines.

Detroit’s Accomplishing Politician

With biblical succinctness, and foreshadowing a resurrection, Mike Duggan said, "Let there be light!" and 65,000 LED streetlights replaced the 40 percent of the city's streetlights that were broken when he took office in 2014. They are among the many reasons that on Nov. 7 he, the first white mayor here in 40 years, will win a landslide re-election in a city that is 83 percent black.

Are NJ rent and house prices so high because we have too many school districts?

When people gripe about New Jersey having so many school districts, with more educational systems than municipalities, it's generally to complain about paying for too many administrators. Tim Evans, the research director for New Jersey Future, said that fragmentation encourages the 'ratable chase' in which cities and towns crave commercial properties but try to avoid residential development, in many cases regardless of whether it contains an 'affordable housing' component.

Will: A write-in mayor does for Detroit what nobody had accomplished in 40 years

With biblical succinctness, and foreshadowing a resurrection, Mike Duggan said, "Let there be light!" and 65,000 LED streetlights replaced the 40 percent of the city's streetlights that were broken when he took office in 2014. They are among the many reasons that on Nov. 7 he, the first white mayor here in 40 years, will win a landslide re-election in a city that is 83 percent black.

Ex-Rep. Grimm: All NYC Restaurants Pay Workers Off the Books

Former Staten Island congressman Michael Grimm is gunning for a congressional comeback after serving time for tax evasion. He's counting on two things to get his old job back: the loyalty of his constituents, who he served after Sandy, and the popularity of Donald Trump in his neck of the woods.

Trump’s Delicious Tax Cutby Deroy Murdock President Donald J. Trump…

As delicious as that sounds, Trump's tax overhaul may be tastiest for what it makes tiny, appealing, and compact: the 1040 tax return. If Washington Republicans manage not to botch tax reform - as they wrecked Obamacare repeal - simplification should be among the new system's most attractive elements, along with its consolidation of seven tax rates to three: 12, 25, and 35 percent.

U.S. lawmakers seek to shut banks that harm consumers

U.S. House Democrats introduced legislation on Wednesday to direct banking regulators to review operations at the country's largest banks and consider shutting them down if they exhibit repeated wrongdoing to consumers. The bill, likely to meet stiff opposition from the Republican majority in Congress, represents the most direct threat yet from policymakers eager to see the nation's biggest banks, including Wells Fargo and JPMorgan Chase, broken up.

Taxpayers might face choice of property tax, home deductions

Homeowners would be forced to choose between two popular tax deductions - one for local property taxes, the other for mortgage interest - under a potential compromise that House Republicans are considering as they craft the evolving tax revamp. The nearly $6 trillion tax overhaul plan being pushed by President Donald Trump and Republican leaders in Congress promises to retain the deduction of mortgage interest from federal income taxes - a cherished tax break used by about 30 million Americans that supporters say is a catalyst to home ownership.

Business owner meets president

Amy Gannon heard around the office the White House was looking for local small businessmen to interview ahead of President Donald Trump's Indiana speech. John Gannon, owner of Custom Wood Fencing of Greenfield, shared his thoughts on tax reform about a week before Trump stepped off Air Force One at the Indianapolis International Airport.

Maria dims Puerto Rico’s bleak economic outlook

For now, the focus has shifted from Puerto Rico's financial woes to meeting the basic needs of its 3.5 million people, many of whom still lack adequate food, water and power more than a week since the Category 4 hurricane laid waste to the U.S. territory. But as Puerto Rico emerges from the worst of the disaster, it will still face a $74 billion public debt load and a decade-old economic recession that has sent hundreds of thousands of islanders fleeing to the U.S. mainland.