Tax


Commerce Dept. Backs Tariffs on Aluminum and Steel

The Commerce Department is saying that imported aluminum and steel threaten U.S. national security and is urging President Donald Trump to impose tariffs or quotas to boost American production. The…

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Trump to Unveil $1.5 Trillion Infrastructure Plan

President Donald Trump on Monday will unveil his long-awaited infrastructure plan, a $1.5 trillion proposal that fulfills a number of campaign goals but relies heavily on state and local governments…

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Murphy Seeks Bill to Blunt Impact of Federal Tax Law

Gov. Phil Murphy on Thursday called on lawmakers to send him legislation ensuring that state residents can pay property taxes as charitable contributions to skirt the federal tax overhaul. Murphy,…

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Kochs to Spend $20 Million to Promote Tax Overhaul

The political network backed by conservative industrialists Charles and David Koch plan to spend $20 million to promote the tax overhaul recently signed into law by President Donald Trump. The…

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NY, NJ, CT to Sue Feds Over GOP Tax Overhaul

New Jersey and Connecticut are joining New York in planning to sue Washington over the Republican-led federal tax overhaul, the Democratic governors of the three states announced Friday. Andrew Cuomo…

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FedEx to Give Wage Increases, Bonuses to Workers

FedEx says it’ll be giving employees wage increases and bonuses, and make a voluntary $1.5-billion contribution to the company’s pension plan, citing recent tax-reform legislation. The package-delivery company follows others…

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American Express Posts $1.2B Loss Due to New Tax Law

Credit-card company American Express posted a $1.2 billion loss in its latest quarter after booking large one-time charges related to the new tax law. The company also announced it would…

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Gov. Cuomo Unveils Budget Plan, Calls for Tax Changes

Gov. Andrew Cuomo vowed to fight Washington Republicans on Tuesday with a $168 billion state budget proposal that lays out spending on schools and mass transit while also confronting greater…

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