Taxes

Global stocks get modest boost from US tax hopes

Asian shares pushed higher Friday on investor optimism over the global outlook despite uncertainties over the outcome of political events in China and Japan and speculation over Trump's choice for the next Fed chief.

Senate GOP backs budget, clears way for tax overhaul

Republicans must now shift their focus to enacting President Donald Trump's sweeping tax plan, a far heavier lift than the $4 trillion budget plan they've muscled through the Senate to lay the groundwork for the first tax overhaul in three decades.

Big tax cuts are a pipe dream: David Stockman

Treasury Secretary Steven Mnuchin offered an “absolute guarantee” that President Donald Trump would sign a tax reform bill into law by the end of the year during the Politico Money podcast on Wednesday, but former Reagan Budget Director David Stockman told FOX Business it’s not a reasonable time table.

Natural gas production tax gets life in Pennsylvania House

The potential for a tax on Marcellus Shale natural gas production gained new life Wednesday, as a bill emerged from a state House committee and Democratic Gov. Tom Wolf urged leaders of the Republican-controlled chamber to speed it to a floor vote.

Minnesota submits low-budget bid for Amazon

Minnesota filed its bid for Amazon's second headquarters on Wednesday, hoping to get a great deal on a mammoth development plum by offering a package of financial incentives likely far smaller than other states.

Truckers optimistic about Trump's tax reform plan

On Wednesday evening, President Donald Trump made an appearance in bucolic Pennsylvania to pitch his tax reform efforts to truckers, promising that to put America first, means putting truckers first.