Stephen Ohlemacher, Associated Press
Stephen's Most Recent Stories
- February 14, 2015
Millions of immigrants benefiting from President Barack Obama’s executive actions could get a windfall from the IRS, a reversal of fortune after years of paying taxes to help fund government programs they were banned from receiving. Continue reading →
- January 26, 2015
Solid economic growth will help the federal budget deficit shrink this year to its lowest level since President Barack Obama took office, according to congressional estimates released Monday. Continue reading →
- January 3, 2015
Republican senators poised to lead major committees when the GOP takes charge are intent on pushing back many of President Barack Obama’s policies, setting up potential showdowns over environmental rules, financial regulations and national security. Continue reading →
- December 30, 2014
NEW YORK — After pleading guilty to tax evasion last week, U.S. Rep. Michael Grimm vowed to stay in Congress as long as he could. The New York Republican now plans to resign, saying he cannot give the job his full attention anymore. Continue reading →
- December 20, 2014
WASHINGTON — In an almost annual ritual, Congress has passed a last-minute package of temporary tax breaks, sparing millions of businesses and individuals from unwanted tax increases just weeks before start of filing season.
Congress extends these tax breaks every year or two, usually at the last minute, drawing complaints from business leaders tired of the uncertainty. This year’s package will add nearly $42 billion to federal budget deficit, according to congressional estimates.
Five things to know about the year-end tax package, which President Barack Obama signed into law Friday: Continue reading →