Government taxation and revenue

FILE - In this May 22, 2018, file photo, Treasury Secretary Steve Mnuchin testifies before the Senate Appropriations Financial Services and Government Subcommittee hearing on Capitol Hill in Washington. The Trump administration is studying the idea of implementing a big tax break for wealthy Americans by reducing the taxes levied on capital gains, but no decision has been made yet on whether to proceed. Administration officials said Tuesday, July 31, that Mnuchin prefers deferring to Congress. But he does have his department studying the economic impact of such a change and the legality of proceeding without congressional approval. (AP Photo/Pablo Martinez Monsivais, File)
July 31, 2018 - 2:00 pm
WASHINGTON (AP) — The Trump administration is studying the idea of implementing a big tax break for wealthy Americans by reducing the taxes levied on capital gains, but no decision has been made yet on whether to proceed. Administration officials said Tuesday that Treasury Secretary Steven Mnuchin...
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President Donald Trump delivers remarks on the economy from the South Lawn of the White House, Friday, July 27, 2018, in Washington. (AP Photo/Jacquelyn Martin)
July 27, 2018 - 1:05 pm
WASHINGTON (AP) — The U.S. economy accelerated last quarter at an annual rate of 4.1 percent, the government estimated Friday, as consumers spent tax-cut money, businesses stepped up investment and exporters rushed to ship their goods ahead of retaliatory tariffs. President Donald Trump said he was...
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July 26, 2018 - 11:37 am
BARCELONA, Spain (AP) — Spain's Tax Office has accepted a deal with Cristiano Ronaldo to plead guilty to tax fraud and pay a fine of close to 19 million euros ($22 million) in exchange for a reduced prison sentence that will likely be suspended. A source with knowledge of the deal confirmed to The...
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House Speaker Paul Ryan of Wis., closes the door before speaking at a news conference after a Republican caucus meeting, Tuesday, July 24, 2018, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
July 25, 2018 - 1:24 am
WASHINGTON (AP) — House Republicans are taking a second crack at tax cuts, building on last year's massive bill by moving to make permanent individual tax cuts and deductions for small-business income. The effort comes a few months before midterm elections and is being framed as a benefit for the...
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President Donald Trump greets supporters after arriving at the Kansas City International Airport to attend the national convention of the Veterans of Foreign Wars, Tuesday, July 24, 2018, in Kansas City, Mo. (AP Photo/Evan Vucci)
July 24, 2018 - 6:37 pm
WASHINGTON (AP) — The Trump administration announced Tuesday it will provide $12 billion in emergency relief to ease the pain of American farmers slammed by President Donald Trump's escalating trade disputes with China and other countries. However, some farm-state Republicans quickly dismissed the...
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July 24, 2018 - 5:47 pm
WASHINGTON (AP) — The House has voted to repeal a tax on some medical devices that has helped finance President Barack Obama's health care overhaul. Revoking the 2.3 percent tax has been a longtime goal for Republicans and some Democrats from states that are home to device manufacturers. Tuesday's...
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FILE - This July 16, 2018 file photo shows Montana Gov. Steve Bullock at the Capitol in Helena, Mont. Bullock and the state Department of Revenue are suing the Internal Revenue Service and the U.S. Department of the Treasury over a decision last week to end the requirement that some tax-exempt groups disclose the identities of their major donors. (Thom Bridge/Independent Record via AP, File)
July 24, 2018 - 5:26 pm
HELENA, Mont. (AP) — Montana's governor and the state Department of Revenue filed a lawsuit against the Internal Revenue Service and the U.S. Department of the Treasury Tuesday over a recent decision to end the requirement that some tax-exempt groups disclose the identities of their major donors...
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FILE - In this Feb. 4, 2018 file photo businessman Willie Wilson, candidate for the office of Mayor of Chicago, speaks at a news conference in Chicago. Wilson who is again running for mayor says he wasn't trying to buy anyone's vote when he handed out close to $200,000 to churchgoers Sunday, July 22, 2018. Wilson says Sunday's appearance at the New Covenant Missionary Baptist Church was nothing more than "one of the biggest property tax relief assistance" events of the year and the kind of thing he's done before. (AP Photo/Nam Y. Huh File)
July 23, 2018 - 6:55 pm
CHICAGO (AP) — Illinois Gov. Bruce Rauner said Monday he didn't know a candidate for Chicago mayor planned to hand out $200,000 to churchgoers at a service where the governor also spoke, a scene that prompted opponents to accuse the Republican of trying to buy votes for his own re-election. Rauner...
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