This article was produced for ProPublica’s Local Reporting Network in partnership with The Seattle Times. Sign up for Dispatches to get stories like this one as soon as they are published. Reporting Highlights Job Promises: Washington lawmakers approved a tax break for data centers to create more jobs in rural Washington, but they can’t say … Read more
POWER HUNGRY | Second in a Seattle Times and ProPublica series about the impact of data centers in Washington. This article was produced for ProPublica’s Local Reporting Network in partnership with The Seattle Times. Times Watchdog stories dig deep to hold power accountable, right wrongs and create change. This work is made possible by The … Read more
WASHINGTON — A bill to expand the child tax credit and restore some tax breaks for businesses failed to advance in the Senate on Thursday as Republicans largely opposed the measure, arguing they would be in position to get a better deal next year.Majority Leader Chuck Schumer, D-N.Y., dared Republicans to vote against the tax … Read more
About 20 of the highest grossing businesses — including large medical care providers, big box retailers and some contractors — would’ve seen their taxes increase to $100,000 or more. For example, a medical office whose gross receipts total $167.6 million annually would have paid $586,500, under the proposal, a more than 19,000% jump, according to … Read more
WASHINGTON — A bill to expand the child tax credit and restore some tax breaks for businesses failed to advance in the Senate on Thursday as Republicans largely opposed the measure, arguing they would be in position to get a better deal next year.Majority Leader Charles Schumer, D-N.Y., dared Republicans to vote against the tax … Read more
An economic analysis of the far-right Project 2025 agenda crafted by at least 140 former Trump administration officials shows that the plan would result in higher taxes on working-class Americans and “corporate welfare” for the rich and large businesses. Conducted by the Democrats on the Joint Economic Committee (JEC), the new analysis notes that Project … Read more
WASHINGTON (AP) — A bill to expand the child tax credit and restore some tax breaks for businesses failed to advance in the Senate on Thursday as Republicans largely opposed the measure, arguing they would be in position to get a better deal next year. Majority Leader Chuck Schumer, D-N.Y., dared Republicans to vote against … Read more
Joan McGuireIP 17 already has opponents including business groups and Gov. Kotek. Share this article!A proposal on the November ballot that would pay each Oregonian $750 per year has gained a few high-profile critics including a prominent business organization and the state’s Democratic governor.Initiative Petition 17 would significantly raise corporate taxes to fund a one-of-a-kind … Read more
( Court Reports – Photo Illustration/MetroCreative) <!– SHOW ARTICLE –> CHARLESTON — A Parkersburg man was sentenced Thursday to two years in prison, to be followed by three years of supervised release, and ordered to pay $2,036,141.59 in restitution for tax evasion. A release from the Justice Department said Brian E. Drake, 56, of Parkersburg, … Read more
Finance minister Nirmala Sitharaman proposed reducing the tax rate for foreign companies to 35% from 40%, aiming to attract more overseas firms to set up a permanent base in the country and boost foreign inflows. “We want more investment to come into the country that is why it has been brought down,” Sitharaman told reporters … Read more