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Congress is moving to prevent the Internal Revenue Service from enforcing one of the more unpopular provisions of the Affordable Care Act, which requires most Americans to have health insurance or pay a tax penalty. The plan is separate from Republican efforts to repeal the health care law.
The Latest on a legislative session on Illinois' budget as the state enters a third straight year without a spending plan : The Illinois Senate has adjourned without taking action on House-approved legislation to break the nation's longest budget standoff since the Great Depression. Chicago Democratic House Speaker Michael Madigan has scheduled a meeting of the four legislative leaders for the same time.
Illinois' Democratic-controlled House of Representatives passed big, permanent increases in income tax rates and a $36 billion fiscal 2018 spending plan on Sunday with the help of some Republican votes as the cash-strapped state scrambled to stave off a bond rating downgrade to junk. The $5 billion tax package, which passed in a 72-45 vote and drew an immediate veto threat from Republican Governor Bruce Rauner, would boost the personal income tax rate to 4.95 percent from 3.75 percent and the corporate rate to 7 percent from 5.25 percent.
Illinois' Democratic-controlled House of Representatives passed big, permanent income-tax rate increases on Sunday with the help of some Republican votes as the cash-strapped state scrambled to piece together a budget and revenue plan to stave off a bond rating downgrade to junk. The $5 billion tax package, which passed in a 72-45 vote, would boost the personal income tax rate to 4.95 percent from 3.75 percent and the corporate rate to 7 percent from 5.25 percent.
After weeks of withering criticism over their plan to take health insurance from 22 million in order to finance tax cuts for rich people, some Senate Republicans have been kicking around an idea: Maybe don't give tax cuts to rich people. Sens. Susan Collins of Maine, Mike Rounds of South Dakota and Bob Corker of Tennessee have proposed the idea of retaining at least the 3.8% surtax on high earners' investment income - though the same political and policy logic would seem to also apply to another Obamacare tax, the 0.9% surtax on high-earners' labor income.
Gov. Jerry Brown signed a $125 billion California budget Tuesday that gives doctors and dentists a raise while increasing funding for education and social services. For the second consecutive year, Brown did not use his line-item veto authority to cancel spending approved by lawmakers.
The "health care bill" that Republicans are trying to pass in the Senate, like the one approved by the GOP majority in the House, isn't really about health care at all. It's the first step in a massive redistribution of wealth from struggling wage-earners to the rich - a theft of historic proportions.
Barack Obama came out against the health care bill Senate Republicans announced on Thursday. In a Facebook post on Thursday, the former president claimed that it would be "a massive transfer of wealth from middle-class and poor families to the richest people in America."
Most illegal immigrants who pay taxes have stolen someone else's legal identity, and the IRS doesn't do a very good job of letting those American citizens and legal immigrants know they're being impersonated, the tax agency's inspector general said in a new report released Thursday. The theft creates major problems for the American citizens and legal foreign workers whose identities are stolen, and who have to deal with explaining money they never earned.
The amount of new corporate taxes that of Oregon House Democrats plan to raise appears to be dwindling by the day, with the latest proposal clocking in at roughly $200 million instead of the $900 million they'd hoped for two weeks ago. And with the days ticking down to the July 10 deadline to balance the state budget, House Democrats also appear ready to pass their new plan without any Republican support.
The big income tax increase Kansas legislators enacted over Gov. Sam Brownback's veto won't balance the budget by itself, despite immediately boosting the state's credit outlook. Even though the reversal of most of Brownback's income tax cuts will inject $1.2 billion in new revenue through June 2019, lawmakers will have to continue relying on some of the same fiscal patches they've employed in recent years to keep the books balanced as state law requires.
Dayton Mayor Nan Whaley is running for governor in Ohio in 2018 with a focus on bringing back partnerships between the state of Ohio and its cities and families. Whaley, a Democrat, was elected mayor of Dayton in 2013 and before that served on the Dayton City Commission.
Kansas Gov. Sam Brownback speaks to reporters during a news conference at the Statehouse in Topeka Kan. Brownback promised early Tuesday June 6 to veto an income tax increase approved by the GOP-control Sam Brownback comments during a news conference about the Legislature's override of his veto of a bill increasing income taxes to fix the state budget, Wednesday, June 7, 2017 , at the Statehouse in Topeka, Kan.
But both chambers of the state's Republican-controlled legislature overrode the Governor's veto on Tuesday, effectively putting an end to the 2013 tax cuts. The state legislature's tax hike will raise $1.2 billion over the next two years through an increase in the individual income tax rate and a repeal of the o% tax rate for pass-through business.
Negotiators in the Kansas Legislature working on a new school-finance formula moved Sunday to finalize complexities of that court-ordered funding revamp and wedged a controversial $1 billion tax increase into the bill in hopes of bringing the session to an abrupt end. TOPEKA - Negotiators in the Kansas Legislature working on a new school-finance formula moved Sunday to finalize complexities of that court-ordered funding revamp and wedged a controversial $1 billion tax increase into the bill in hopes of bringing the session to an abrupt end.
Despite promising to release his tax returns in a televised debate with Hillary Clinton, Donald Trump continues to show that... Welcome to the Overnight News Digest with a crew consisting of founder Magnifico, current leader Neon Vincent, regular editors side pocket, maggiejean, Chitown Kev, Doctor RJ, Magnifico, annetteboardman and Man Oh Man. Alumni editors include on Daily Kos, consisting of news stories from around the world, sometimes coupled with a daily theme, original research or commentary.
Each year, the U.S. Department of Justice receives more than 10,000 complaints of criminal interference with civil rights. Rather than ensuring that fundamental fairness, equal opportunity, and equal justice are preserved-the basic rights of all Americans-President Donald Trump's budget would eliminate at least 460 federal personnel dedicated to protecting the rights of Americans.
Despite promising to release his tax returns in a televised debate with Hillary Clinton, Donald Trump continues to show that... At his Senate confirmation hearing, Attorney General Jeff Sessions lied under oath that he had never had contact with the... House Judiciary Committee, led by Chairman Bob Goodlatte, is set to take up a series of anti-immigrant bills this week that will "ramp up a Trump deportation force," undermine public safety by militarizing federal immigration agents, and waste millions in taxpayer dollars to terrorize millions of immigrant families would require Immigration and Customs Enforcement [ICE] deportation officers to have access to not just standard-issue handguns and stun guns, but also M-4 rifles or equivalents": The little-noticed legislation is one of four immigration-related bills that the Judiciary Committee is scheduled to consider, two of them ... (more)
In this May 22, 2013 file photo, Internal Revenue Service official Lois Lerner walks out of a House Oversight Committee hearing after refusing to answer questions about the extra scrutiny the IRS gave Tea Party and other conservative groups that applied for tax-exempt status, on Capitol Hill in Washington. Current and former IRS officials are demanding secrecy for their testimony in a lawsuit over the agency's inappropriate targeting of conservative and tea party groups, but the public's right to know what happened is too important to set aside.