President Barack Obama’s fiscal 2016 budget would impose a one-time 14 percent tax on some $2 trillion of accumulated U.S. corporate profits earned abroad and set up a 19 percent tax on future foreign earnings, a White House official said on Sunday. Revenues from the one-time tax be used to fu...

BING NEWS:
  • Republicans pitch tax cuts for corporations, the wealthy in 2025
    Trump has asked wealthy donors or donations, promising large tax breaks in return if he retakes the White House.
    06/8/2024 - 10:00 pm | View Link
  • Sachem schools' revised budget plan includes more job cuts
    Sachem school officials will go back to voters June 18 with a scaled-down $374 million budget proposal that keeps within the district's tax cap limit ... and eliminate foreign-language lessons ...
    06/6/2024 - 1:06 am | View Link
  • Rockwell proposed budget includes nine-cent property tax increase
    ROCKWELL — Rockwell’s proposed budget for the upcoming fiscal year includes ... the tax rate should be. Each alderman chose a nine-cent tax increase. “The minimum has to be nine percent ...
    06/5/2024 - 1:10 pm | View Link
  • China Grove budget proposal includes six-cent tax increase
    CHINA GROVE — Town officials reviewed a budget on Tuesday for the upcoming fiscal year that will result in a six-cent tax increase ... budget includes several items such as a four percent ...
    06/5/2024 - 1:05 pm | View Link
  • The right’s case for tax hikes
    To set the stage, American Compass says a March survey conducted by YouGov found that the typical American would address the deficit through 40 percent tax increases and 60 percent spending cuts.
    06/5/2024 - 1:02 am | View Link
  • More

 

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