San Jose assemblyman proposes state wealth tax ahead of SOTU
President Biden is expected to once again propose a wealth tax during his State of the Union, even after the idea failed to gain traction when Democrats controlled both houses of Congress.
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President Biden is expected to once again propose a wealth tax during his State of the Union, even after the idea failed to gain traction when Democrats controlled both houses of Congress.
Truss faced a fast-mounting rebellion just weeks into her tenure, with a senior member of her own party declaring he'd "had enough of talentless people."
Several Bay Area cities have transient occupancy taxes (TOTs) on the Nov. 8 ballot in an attempt to collect more taxes from hotels, motels, inns and share-rental sites such as Airbnb and Vrbo.
As California rolls out new tax cuts for legal marijuana growers to provide those who work in the industry relief, many say the black market is still making it difficult to survive in the business.
President Biden intends to propose a minimum tax of 20% on households worth more than $100 million and cut projected budget deficits by more than $1 trillion over the next decade.
The action over the new Republican tax law pits the government against high-tax, heavily Democratic states in an election-year showdown.
Starbucks is giving its U.S. workers pay raises and stock grants this year, citing recent changes to the tax law.
Democrats in Sacramento are exploring ways to help Californians save money by creating a loophole around deduction limits that are part of the new federal tax law.
Senate President Pro Tem Kevin de Leon plans to introduce legislation allowing people to make a donation to the state in lieu of income taxes.
President Donald Trump has signed into law a $1.5 trillion tax overhaul package.
The new Republican tax law is prompting lots of people to try and get ahead of the game to maximize their deductions in 2018.
Republicans in Congress have delivered an epic overhaul of U.S. tax laws to President Donald Trump, bringing generous tax cuts for corporations and the wealthiest Americans, and billions to be added to the national debt.
One of the most controversial changes are those surrounding the deduction on state and local income taxes, a.k.a SALT.
The House of Representatives will have to revote Wednesday morning on Republicans' plans to overhaul the US tax system.
Republicans pushed a nearly $1.5 trillion tax bill through the Senate early Saturday after burst of eleventh-hour horse trading.
Republicans used a burst of eleventh-hour horse-trading Friday to edge to the brink of Senate passage of a $1.4 trillion tax bill, as a party starved all year for a major legislative triumph took a giant step toward giving President Donald Trump one of his top priorities by Christmas.
Senate Republicans on Thursday pushed ahead on a sweeping revamp of the nation's tax code, with Majority Leader Mitch McConnell expressing confidence of final passage by week's end and a key Republican getting on board.
The House has passed a sweeping Republican tax bill cutting taxes for corporations and many people.
House Republicans on Thursday unveiled a tax cut plan that slashes the corporate tax rate, lowers taxes for most Americans but limits a cherished deduction for homeowners as President Donald Trump and the GOP seek to deliver on the first tax revamp in three decades.
Republicans in Washington are pushing ahead with a tax reform plan could cost people in the Bay Area a lot of money.
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 used by most Americans.
With the November 2012 election nearly a week old in the record books, one question lingers: what is the future for Rep. Nancy Pelosi? Will the popular Bay Area lawmaker retain her role as Minority Leader of the Republican-controlled United States House of Representatives?
