Jul 05 Wisconsin’s Democratic governor guts Republican tax cut, increases school funding for 400 years By Scott Bauer, Harm Venhuizen, Associated Press Evers angered Republicans in the ways he used partial vetoes, with some saying Wednesday that the Democratic governor was going back on deals he had made with them. Continue reading
Jul 04 UK mortgage rates jump to highest level since tax cuts spooked markets By Pan Pylas, Associated Press Financial information company Moneyfacts says the average rate for a five-year fixed rate mortgage in the U.K. hit 6.01% on Tuesday from 5.97% the previous day. Continue reading
Apr 24 Gov. Kelly vetoes bill to cut Kansas taxes by nearly $1.4 billion over 3 years By John Hanna, Associated Press Democratic Gov. Kelly has vetoed a bill to cut taxes in Kansas by nearly $1.4 billion over the next three years. Kelly told reporters Monday that she objected to a proposal included by conservative Republicans to impose a single-rate "flat"… Continue reading
Oct 16 British Prime Minister Liz Truss goes from triumph to trouble in six weeks on the job By Jill Lawless, Associated Press In just six weeks, the prime minister’s libertarian economic policies have triggered a financial crisis, emergency central bank intervention, multiple U-turns and the firing of her Treasury chief. Continue reading
Oct 03 Watch 5:18 News Wrap: At least 125 killed in stampede in Indonesia, Ukrainian forces gain ground In our news wrap Monday, an Indonesian police chief and nine other elite officers were removed from their posts for their role in a stampede at a soccer match that killed at least 125 people, Wall Street kicked off the… Continue watching
Oct 03 UK scraps tax cut for wealthy that sparked market turmoil By Jill Lawless, Associated Press The British government has dropped plans to cut income tax for top earners. The move was part of a package of unfunded cuts that sparked turmoil on financial markets and sent the pound to record lows. Continue reading
Sep 29 Watch 5:05 News Wrap: Data shows U.S. economy shrank in the second quarter In our news wrap Thursday, revised government data confirmed the U.S. economy shrank in the second quarter, U.K. Prime Minister Liz Truss defended her economic plan that includes billions in tax cuts for high earners without offsetting spending reductions and… Continue watching
Dec 31 Watch 6:18 Is 2017 tax law responsible for declining share of U.S. charitable donors? Thanks to large checks from the wealthy, financial contributions to the 100 largest charities in the U.S. rose 11 percent in recent months. But the share of Americans who give to charity overall continued its long-term slide, with small nonprofits… Continue watching
Sep 12 Trump mocks Democrats, vows new tax cut in trip to Baltimore By Kevin Freking, Juana Summers, Associated Press Trump spoke to House Republicans attending an annual retreat in a hotel on Baltimore's waterfront, a friendly audience of legislators whose political futures are closely tied to how well he performs in next year's election. Continue reading
Aug 20 Watch 3:39 Trump defends China trade policy amid economic worries President Trump on Tuesday acknowledged that he is considering cutting taxes, but said the idea is not in response to recession fears. During an Oval Office meeting with the president of Romania, Trump touted the strength of the economy and… Continue watching