Taxes

Senate GOP: Cuomo tax changes unlikely by budget deadline

Republicans who control the New York state Senate threw a major roadblock in front of Gov. Andrew Cuomo's tax code restructuring proposals Tuesday, announcing their opposition to the Democrat's plan and essentially guaranteeing it won't make it into the state budget by its April 1 deadline.

Money spent on lobbying skyrocketed during tax overhaul

Money spent on lobbying by corporations, trade associations and special interest groups spiked during the final three months of 2017 as they battled for the biggest breaks possible in the most dramatic tax overhaul in more than 30 years.

Trump budget plan already outdated after budget deal

President Donald Trump's budget director says the budget that the administration sends to Congress on Monday will seek to move some of the billions of dollars in extra spending that Congress approved last week to areas that will reflect the president's priorities.

Oklahoma pulling up red carpet offered to wind industry

As Oklahoma sought to diversify its oil-and-gas powered economy in the early 2000s, policymakers rolled out the red carpet for the burgeoning wind industry, offering generous state tax incentives and access to windy, inexpensive tracts of land.

Lobbying expenses spiked as Congress shaped tax overhaul

Money spent on lobbying by corporations, trade associations and special interest groups spiked during the final three months of 2017 as they battled for the biggest breaks possible in the most dramatic tax overhaul in more than 30 years.

Property tax plan gains support, but skepticism lingers

New Jersey Gov. Phil Murphy's proposal to relieve the potential pain from the new federal tax law on those who pay the state's sky-high property taxes is getting positive reviews, but it's also being met with skeptics who wonder if it could succeed.

Cuomo plans NY tax change to avoid $1.5B hit on taxpayers

Gov. Andrew Cuomo wants to separate the state's tax rates from the federal rates to keep New Yorkers from a $1.5 billion income tax increase, the Democrat's top budget official testified Thursday during a budget hearing.