Tax

President Donald Trump has a new trade decision on his plate: whether to impose tariffs on imported washing machines. The International Trade Commission has recommended a 50 percent tax on some foreign manufacturers. This is the type of case with huge political leeway for the president, and other industries seeking protection are watching closely.  Click […]

The stock market has surged for much of the last year, and the president — like all presidents — is trying to take credit. Fair enough. But last night, he suggested the stock market can help fix the country’s national debt problem. Which got a lot of people scratching a lot of heads. Is there even any […]

Cook County, Illinois, home to Chicago, passed a penny-per-ounce tax on soda late last year. The driving force was raising revenue in a state with deep budget woes. But legal challenges delayed the tax going into effect, and a strong campaign from the beverage industry has soured public opinion on the measure. It was repealed […]

Republican plans to change the corporate tax structure include a border adjustment tax. It will impact how imports and exports are taxed. The proposal is causing a lot of uncertainty in the oil and gas industry, and while some energy companies support the move, others oppose it.   Click the above audio player to hear […]