Taxes

President Trump Delivers First Address to Joint Session of Congress

(AP Photo/LM Otero)President Donald Trump opened his address to a joint session of Congress by condemning the recent threats against Jewish community centers and a fatal shooting in Kansas being investigated as a hate crime. Trump on Tuesday said that “while we may be a nation divided on policies, we are a country that stands united in condemning hate and…

GOP Running into Opposition from GOP on Tax Overhaul

House Republicans face opposition to their plan to overhaul the way corporations pay federal taxes from a powerful group of lawmakers – other Republicans. The Senate’s No. 2 Republican and the chamber’s top Republican tax-writer have both been critical. And President Donald Trump says he doesn’t love it. The House GOP plan would scrap the 35 percent tax on corporate…

Higher Gas Taxes in 2017?

Starting the 1st of the year, 9 states will see changes in their gas taxes, and more than a dozen other states will look at possibly doing the same. Georgia and Florida are among the 7 states that can expect to see higher prices at the pump. But as for Alabama, there has been no word of higher gas taxes…

U.S. Sees Small Surplus in June, But Deficit Up for Year

The federal government recorded a small budget surplus in June, but the deficit so far this budget year is still running 26.7 percent higher than a year ago. The Treasury Department says the government ran a $6.3 billion surplus in June, a month that is often a surplus month because of quarterly tax payments from individuals and businesses. The surplus…

Alabama House Approves Vote on General Fund Budget

MONTGOMERY, Ala. (AP) – The Alabama House of Representatives has approved a General Fund budget that Gov. Robert Bentley already has threatened to veto over Medicaid funding. Representatives approved the spending bill on a 65-35 vote Tuesday after a five-hour filibuster by black lawmakers. Democrats harshly criticized the proposed spending plan, which is $85 million short of the amount Bentley…