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Stories tagged: taxes

UPDATED: Wed., Dec. 27, 2017, 12:57 p.m.

Long lines at tax offices as homeowners try to beat hike

Homeowners are lining up in droves at local tax collection offices, hoping for one last chance to take advantage of a major tax deduction before it is wiped out in …

Court: Simplot Foundation must pay taxes on JUMP facility

The Idaho Supreme Court has ruled that the J.R. Simplot Foundation was not eligible for a tax exemption while constructing is “urban meeting place” in downtown Boise in 2015.

UPDATED: Wed., Dec. 20, 2017, 3:50 p.m.

Tax reform is finalized: A simple explanation on how the GOP tax bill might affect you

Republicans unveiled a final tax bill last week - The Tax Cuts and Jobs Act - that would significantly cut corporate taxes, while temporarily giving most Americans lower taxes until …

Senate chairman disputes report of Corker add to tax bill

The Senate Finance Committee chairman on Monday rejected as “categorically false” a report that Republican Sen. Bob Corker of Tennessee was responsible for a provision in the final tax bill …

Budget guessing game: Where will the money come from?

Waiting for the governor to release his 2018 supplemental budget, critics guessed wrong on where the extra money might come from.

UPDATED: Wed., Dec. 13, 2017, 2:39 p.m.

GOP says it’s got a deal on taxes; cuts coming for next year

Confident congressional Republicans forged an agreement Wednesday on a major overhaul of the nation’s tax laws that would provide generous tax cuts for corporations and the wealthiest Americans – Donald …

Outside View: Tax plan unfairly hits grad students

If the goal of the tax package is to make the United States more economically competitive, penalizing students and higher education is not the way to do it.

Lawmakers work to reconcile dueling House, Senate tax bills

Significant differences separate the massive tax packages passed by the House and Senate on estate taxes, health care and a prized deduction for home mortgage interest, though Republican leaders are …

Graduate students argue against taxing tuition waivers

Graduate students around the U.S. are staging campus walk-outs and lobbying Congress in an effort to keep their tuition waivers tax-free.

Senate versus House tax plans: A comparison

Here’s a rundown of the Senate’s newly-passed bill as compared to the House of Representatives’ plan, which was passed in November.

UPDATED: Fri., Dec. 1, 2017, 11:29 p.m.

As tax bill evolved, benefits for corporations and the wealthy grew

When Senate Republicans introduced their tax bill in the middle of last month, they faced competing interests: Some senators thought it wasn’t generous enough for working families. Others thought it …

UPDATED: Thu., Nov. 30, 2017, 5:25 p.m.

WSU grad students sound off on GOP tax plan

Washington State University graduate students gathered Wednesday to mount some last-minute opposition to the Republican tax plan that’s barreling through Congress.

UPDATED: Tue., Nov. 28, 2017, 4:06 p.m.

Idaho Sen. Risch touts Senate GOP tax bill, saying it’ll let ‘job creators prosper’

Idaho Sen. Jim Risch, who chairs the Senate Small Business Committee, spoke out in favor of the

UPDATED: Mon., Nov. 27, 2017, 11:43 a.m.

Senate GOP tax bill hurts the poor more than originally thought, CBO finds

The Senate Republican tax plan would give substantial tax cuts and benefits to Americans earning more than $100,000 a year, while the nation’s poorest would be worse off, according to …

UPDATED: Wed., Nov. 22, 2017, 5:06 p.m.

City Council shifts lodging tax allocations to Spokane Valley events

Hotel taxes collected in Spokane Valley should stay in Spokane Valley, city officials decided this week. The Spokane Valley City Council on Tuesday modified how it plans to spend the …

Shawn Vestal: Ad for GOP’s tax plan leaves out story’s ending

Even in the imaginary world of ‘Tom’ and ‘Cindy’ the GOP tax plan falls short in the long run.

UPDATED: Sun., Nov. 19, 2017, 4:29 p.m.

Tax bill reflects rift between many Republicans, higher education

Ending a tax deduction for interest paid on student loans. Raising taxes for more than 100,000 graduate students who receive tuition waivers. Imposing a levy on endowments at certain private …

UPDATED: Fri., Nov. 17, 2017, 10:22 p.m.

Q&A: Cathy McMorris Rodgers addresses her vote in support of the House tax plan

Rep. Cathy McMorris Rodgers says that benefits far outweigh the risks in the House tax reform bill passed this week.

UPDATED: Fri., Nov. 17, 2017, 10:23 p.m.

McMorris Rodgers joins GOP calling for Senate candidate Roy Moore to drop Alabama bid

The congresswoman, who is making a push for large-scale tax reform by the end of this year, is calling on the judge at the center of sexual misconduct and assault …

UPDATED: Fri., Nov. 17, 2017, 10:22 p.m.

Local colleges want tax bill changed to help graduate students

Tax bill that passed GOP-controlled House would put graduate students in a financial pinch by taxing tuition waivers.

Montana legislature reaches budget fix without raising taxes

Montana lawmakers have agreed to a plan to address the state’s projected $227 million budget deficit without raising taxes in a complicated mix of interconnected bills that make it nearly …

UPDATED: Wed., Nov. 15, 2017, 9:10 p.m.

GOP tax plan would erase tax deductions on lake homes

People who own vacation properties wouldn’t be able to deduct the interest paid on second-home mortgages under House Republicans’ proposed tax overhaul.

UPDATED: Wed., Nov. 15, 2017, 9:20 p.m.

House tax primer: The latest GOP plan set for Thursday vote

The House of Representatives is set to vote Thursday on an ambitious overhaul of the nation’s tax system while Senate Republicans have drafted their own proposal.

UPDATED: Mon., Nov. 13, 2017, 9:14 p.m.

Bipartisan analysis: Senate bill would hike taxes for 13.8M

Promoted as needed relief for the middle class, the Senate Republican tax overhaul actually would increase taxes for some 13.8 million moderate-income American households, a bipartisan analysis showed Monday.

UPDATED: Sun., Nov. 12, 2017, 8:48 p.m.

Chairman: House won’t agree to nix property tax deduction

The chairman of the House’s tax-writing committee said Sunday that he’s confident that chamber won’t go along with the Senate’s proposal to eliminate the deduction for property taxes, setting up …

At the ballot box, taxpayers say repeal new taxes

Voters advise lawmakers to repeal the taxes they enacted earlier this year, but Legislature isn’t required to do it.

Bono among figures named in leak of tax-haven documents

Leaked papers revealing investments in tax havens by the world’s wealthy suggest U2 frontman Bono used a company based in low-tax Malta to buy part of a shopping mall in …

UPDATED: Mon., Nov. 6, 2017, 9:42 a.m.

Tax plan good for everyone, McMorris Rodgers says; mostly for the rich, Democrats contend

Rep. Cathy McMorris Rodgers says House GOP tax plan means people would pay less, see wages rise. Washington Democrats say it’s good for the wealthy, not so good for the …

UPDATED: Thu., Nov. 2, 2017, 9:40 p.m.

Guide to current GOP tax overhaul proposal

Contributions to 401(k) and other retirement accounts would not change under the proposed GOP tax overhaul.

UPDATED: Thu., Nov. 2, 2017, 9:41 p.m.

Blue states will be hit hardest by GOP tax plan’s limits on deductions

The GOP tax plan’s changes to deductions would hit people in blue states hard, with limits on popular tax deductions that would have the biggest effects on people with high …