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States would have an easier time collecting sales taxes for online purchases under legislation to be unveiled on Thursday that represents a major step forward in political negotiations over more than $10 billion a year in uncollected taxes.Sen. Richard Durbin (D., Ill.) along with Sens. Lamar Alexander (R., Tenn.) and Mike Enzi (R., Wyo.) plan to join House Republican and Democratic counterparts to unveil the measure. For decades, states have been unable to force online stores to collect sales taxes because of a 1992 Supreme Court decision that found that merchants don't have to gather state sales taxes in states where they lack a physical presence. Taxpayers rarely self-report their online sales-tax obligations, leaving states unpaid.Mr. Durbin's office on Wednesday said the measure would be unveiled at 2:15 p.m. on Thursday, but didn't provide details, including over an exemption for online sales that fall below a certain threshold.Brick-and-mortar retailers complain that tax-free on...
By Bill Rigby and Kyle PetersonSEATTLE/CHICAGO (Reuters) - Boeing Co on Tuesday asked a court to throw out a government case that accuses the plane-maker of putting ...
Sen . Lamar Alexander , (R-Tenn.), on efforts to reach a compromise on the budget and entitlement reforms.
South Carolina Attorney General Alan Wilson on the National Labor Relations Board filing a complaint against Boeing.
FBN's Rich Edson breaks down the bill that would allow states to become right to work states.
All 47 Senate Republicans, seeking fiscal discipline in big-spending Washington, proposed on Thursday an amendment to the Constitution that would require a balanced ...
By Jackie Frank and Lewis KrauskopfWASHINGTON/NEW YORK (Reuters) - The government reiterated on Sunday that it could tap its strategic oil reserves in order to safeg...
Fmr. House Speaker Newt Gingrich on Obama's health-care reform pitch.
FBN's Peter Barnes on whether the proposed tax hikes on Capitol Hill will hit America's middle class.
FBN's Jeff Flock reports on the controversy over whether GM's criteria for choosing plants make the best sense for business.
Sen. Mike Johanns says Congress needs to reform how TARP is used.
What should be done to reduce the deficit?
First Minister of Scotland on the economy.
Americans for Tax Reform President Grover Norquist on potential tax hikes from the health-care law and potential fiscal cliff deal.
In the past there have been numerous advantages when ordering from online retailers like Amazon. Along with lower prices and free shipping, the majority of states do...
FBN’s Gerri Willis on the net worth, and debt, of members of Congress.
FBN’s Gerri Willis on the costly impact on state budgets of the health-care law.
Budget talks in Congress were locked in stalemate Wednesday as Democrats and Republicans showed no sign of moving toward a compromise on taxes and health care.With a...
FBN’s Diane Macedo breaks down the stories moving the markets around the world.
The White House said Wednesday a budget deal that includes tax hikes can pass Congress, challenging the central argument of Republicans, who say a deficit-reduction ...
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