Taxes

The Latest: Trump encourages House GOP tax plan writers

The Latest on President Donald Trump's tax overhaul (all times local): 12:20 p.m. President Donald Trump is meeting with business industry leaders to build momentum for his tax overhaul ahead of his lengthy trip to Asia.

Report urges end to tax credit program for businesses

California lawmakers should end a program that has awarded $780 million in tax credits to companies including General Motors and Snapchat because it creates an "uneven playing field" and its overall economic benefits are hard to determine, according to a state audit released Tuesday.

Business Highlights

___ Trump predicts passage of tax plan by Christmas WASHINGTON (AP) — President Donald Trump is predicting that he will sign his tax overhaul by Christmas in the "biggest tax event in the history of our country."

The Latest: Rebellious GOP lawmakers win tax concession

The Latest on the Republican tax-cutting plan (all times EDT): 6 p.m. House GOP lawmakers from high-tax states who threatened to sink the Republican tax plan have wrung a key concession from GOP leaders over the federal deduction for state and local taxes.

New York Republicans making last-minute pitch to save tax break

As leadership within the House of Representatives prepares to unveil their signature tax reform plan, congressional lawmakers from New York are taking a final stand against the potential loss of their coveted state and local tax deduction in a phone conference with White House officials on Monday night, FOX Business has learned.

The Latest: Governor expects revenue from gambling expansion

The Latest on Pennsylvania's governor signed legislation to expand casino-style gambling in Pennsylvania (all times local): 2:15 p.m. Pennsylvania's Democratic governor says gambling expansion legislation he just signed won't cannibalize existing tax collections from the industry.