Tax reform

A former dock facility is shown with old transfer bridges, with "Long Island" painted in large letters at Gantry State Park in the Long Island City section of Queens Borough in New York, Tuesday, Nov. 13, 2018. Amazon announced Tuesday it has selected the Queens neighborhood as one of two sites for its headquarters. (AP Photo/Bebeto Matthews)
November 14, 2018 - 1:18 am
NEW YORK (AP) — Much of the New York City neighborhood selected by Amazon for one of its new headquarters is in a federal "opportunity zone," a designation created by President Donald Trump's tax overhaul that offers developers potentially millions of dollars in capital gains tax breaks to invest...
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October 23, 2018 - 2:45 pm
WASHINGTON (AP) — In a story Oct. 19, The Associated Press reported that Brett Theodos, principal research associate at the Urban Institute, estimates that only about 10 to 15 percent of the opportunity zones under the 2017 tax law will attract investment, and that around 10 percent could get 90...
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Republican Kris Kobach, from left to right, Libertarian Jeff Caldwell, independent Greg Orman, Democrat Laura Kelly and independent Rick Kloos participate in a gubernatorial debate at KWCH-TV, Tuesday, Oct. 9, 2018, in Wichita, Kan. (Dion Lefler/The Wichita Eagle via AP)
October 16, 2018 - 3:13 pm
TOPEKA, Kan. (AP) — A contentious Kansas governor's race has become a referendum on how a Republican experiment in slashing income taxes went awry, what lessons arose from the budget misery that followed and whether the state needs a do-over. Democratic nominee Laura Kelly, a veteran state senator...
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September 28, 2018 - 12:41 pm
WASHINGTON (AP) — Republicans have sped legislation through the House to expand their massive new tax law, capping their session for the year as they rush out of town to face voters in the November elections. The new bill would make permanent the individual and small-business tax cuts in the law...
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FILE - This Wednesday, June 6, 2018 file photo Italian premier Giuseppe Conte, left, and Italian Economy Minister Giovanni Tria talk at the Lower House, ahead of a confidence vote on the government program, in Rome, Wednesday, June 6, 2018. Italy’s economy minister says that the first budget by Italy’s new government will include a basic income scheme sought by one of the main governing parties, the 5-Star Movement. (Riccardo Antimiani/ANSA via AP)
September 28, 2018 - 4:16 am
ROME (AP) — Italy's stock market fell sharply Friday after the new populist, euroskeptic government announced a sharp public spending increase that will push the budget deficit to 2.4 percent of gross domestic product next year, risking a collision with the European Union. The benchmark FTSE MIB...
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FILE - In this June 30, 2018, file photo, U.S. Congressional candidate Tom Malinowski speaks during a rally against President Donald Trump at Clarence Dillon Public Library, not far from Trump National Golf Club, where Trump is staying this weekend, in Bedminster, N.J. One provision of the Republican tax overhaul looms large in several tight congressional races this fall. Malinowski said taxes are the top issue voters raise on the campaign trail. (AP Photo/Julio Cortez, File)
September 19, 2018 - 10:59 am
CHERRY HILL, N.J. (AP) — Congressman Leonard Lance voted last December with the interests of his northern New Jersey district in mind when he opposed his own party's sweeping tax overhaul. The cap on deductions for state and local taxes that was part of the Republican plan was bound to mean that...
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September 13, 2018 - 5:59 pm
WASHINGTON (AP) — House lawmakers on Thursday debated a Republican proposal to expand the new tax law by making permanent the individual tax cuts now set to expire in 2026. But the move is undercut by election pressures faced by GOP lawmakers from high-tax states where residents are hurt by the law...
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FILE - In this Feb. 14, 2018, file photo, House Ways and Means Committee Chair Rep. Kevin Brady, R-Texas, speaks during a committee hearing on Capitol Hill in Washington. House Republican leaders have unveiled their proposal to expand the massive tax law they hustled through Congress last year. They’re aiming to make permanent the individual tax cuts and small-business income deductions now set to expire in 2026. Brady is looking toward a vote on the legislation by the House this month. The solid Republican majority in the House nearly ensures passage before the November elections. (AP Photo/Jacquelyn Martin, File)
September 10, 2018 - 7:52 pm
WASHINGTON (AP) — House Republican leaders have unveiled their proposal to expand the massive tax law they hustled through Congress last year. They're aiming to make permanent the individual tax cuts and small-business income deductions now set to expire in 2026. With midterm elections barely two...
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FILE- In this Nov. 1, 2012, file photo early morning traffic in New York's Brooklyn borough moves slowly beneath the Manhattan skyline. The Trump administration announced new rules Thursday, Aug. 23, 2018, aimed at preventing residents in high-tax states from avoiding a new cap on widely popular state and local tax deductions. (AP Photo/Mark Lennihan)
August 24, 2018 - 8:53 pm
CHERRY HILL, N.J. (AP) — New rules unveiled by the IRS undermine some states' attempts to help residents keep a version of a popular federal income tax deduction. Last year's Republican tax overhaul put a $10,000 cap on deductions for state and local income taxes, which could affect some high-...
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FILE- In this May 20, 2015 file photo, Midtown Manhattan, including the Empire State Building, center, are seen from the observatory at One World Trade Center in New York. The Trump administration announced new rules Thursday, Aug. 23, 2018, aimed at preventing residents in high-tax states from avoiding a new cap on widely popular state and local tax deductions. (AP Photo/Mark Lennihan, File)
August 23, 2018 - 9:14 pm
WASHINGTON (AP) — The Trump administration has laid down rules aimed at preventing residents in high-tax states from avoiding a new cap on widely popular state and local tax deductions. The action under the new Republican tax law pits the government against high-tax, heavily Democratic states in an...
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