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Stories tagged: taxes


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 …


Spin Control: Some answers to questions about those advisory votes on the ballot

Three advisory measures sit atop the ballot for Washington voters.


Shawn Vestal: Former White House official skeptical of the ‘magic math’ of tax cuts

Jared Bernstein says there are plenty of reasons to mistrust the “fairy dust” of tax cuts. One of his strongest arguments is one of the most familiar: The past five …


Samuelson: Budget primer points to problems

Americans should balance the pain of taxes with gains from government. If people want big government, they should pay for it. If they dislike higher taxes, they should cut government.


UPDATED: Mon., Oct. 23, 2017, 6:37 p.m.

Ivanka Trump says tax plan addresses needs of U.S. families

President Donald Trump’s eldest daughter on Monday channeled her roles as a working mother, entrepreneur and senior adviser to the president to help him sell his administration’s tax plan for …


UPDATED: Sun., Oct. 22, 2017, 10:14 p.m.

Trump urges House GOP to move quickly on budget, tax cuts

President Donald Trump urged House Republicans to move swiftly on passing a budget bill during a conference call Sunday, clearing the way for what he described as an historic push …


Trump’s tax reform: A clarification

Last week, the Spokesman-Review published a package outlining how President Donald Trump’s proposed tax reform might impact Spokane families. This story clarifies the original story which has been updated and …


UPDATED: Fri., Oct. 20, 2017, 5:40 p.m.

Nerd Wallet: Surprise! Four things you didn’t know were taxable

Tax season begins in just a few months, which means there’s precious little time left to prevent unwelcome tax surprises next April. For many people, the blow comes when they …


Democrats slam GOP budget on taxes, health care cuts

Senate Democrats are targeting Republicans on taxes and health care cuts, seeking to inflict political pain as the Senate moves ahead on a $4 trillion budget blueprint that’s a crucial …


UPDATED: Tue., Oct. 17, 2017, 3:40 p.m.

Senate moves ahead on GOP budget that’s key to taxes

The Senate is moving ahead on a Republican budget plan, a critical step in President Donald Trump and the party’s politically imperative drive to cut taxes and simplify the IRS …


UPDATED: Mon., Oct. 16, 2017, 7:46 p.m.

White House: $4,000 more for families with business tax cuts

By slashing corporate tax rates, the Trump administration said Monday, the average U.S. household will get an estimated $4,000 more a year.


UPDATED: Thu., Oct. 12, 2017, 1:59 p.m.

Ryan blames high-tax states as GOP lawmakers balk on plan

The top House Republican on Thursday blasted high-tax states that deliver billions to the federal government as he faced a backlash from rank-and-file GOP lawmakers over a sweeping tax-cut proposal.


UPDATED: Wed., Oct. 11, 2017, 3:55 p.m.

Trump turns back to tax overhaul; pitch aimed at truckers

President Donald Trump pitched his tax plan as a boost for truckers at an event Wednesday in Pennsylvania, saying, “America first means putting American truckers first.”


UPDATED: Fri., Oct. 20, 2017, 5:06 p.m.

Trump’s tax reform: An overview

Republicans have set their legislative sights on an ambitious tax reform agenda they say will simplify the tax code while providing a break for middle-class families.


McMorris Rodgers says GOP tax plan is a ‘must,’ but critics warn of rising deficits

Rep. Cathy McMorris Rodgers says the Republicans’ proposal to overhaul the tax code will make filing simpler and put more money in consumers’ pockets. Political foes argue the plan benefits …


UPDATED: Tue., Oct. 10, 2017, 4:24 p.m.

Shawn Vestal: Trump’s trickle-down tax plan a boon to the rich

One in four Spokane County households lives on $25,000 or less a year. More than half of those households live on $15,000 or less, according to census data. And more …


Amazon must pay $295 million in back taxes, EU says

The European Union is telling member state Luxembourg to get $295 million in back taxes from Amazon, in Brussels’ latest regulatory move targeting U.S. tech companies accused of tax avoidance.


UPDATED: Sun., Oct. 1, 2017, 11:41 a.m.

Trump officials insist tax cut proposal won’t favor rich

President Donald Trump’s top advisers say his proposed tax plan would not cut taxes disproportionately for the rich – despite an early non-partisan analysis that says it will.


UPDATED: Wed., Sept. 27, 2017, 4:05 p.m.

Trump plan promises huge tax cuts, but big questions remain

President Donald Trump and congressional Republicans are proposing a far-reaching plan Wednesday that would cut taxes for individuals and corporations, simplify the tax system and nearly double the standard deduction …


UPDATED: Tue., Sept. 26, 2017, 2:33 p.m.

Trump vows to cut taxes ‘tremendously’ for middle class

WASHINGTON – President Donald Trump vowed to deliver on a major tax cut for middle-class Americans on Tuesday as the White House and congressional leaders prepared to release details on …


Trump promising major tax reform

The White House and congressional Republicans are finalizing a tax plan that would slash the corporate rate while likely reducing the penalty for the wealthiest Americans, with President Donald Trump …