Taxes

Buffeted by seething partisan differences, members of a key House panel are digging into work on the sweeping GOP tax plan that President Donald Trump and Republicans are counting on to protect their majorities in elections a year from now.

The Latest on Republican tax overhaul legislation (all times local): 11:35 a.m.

___ How wealthy would gain at expense of others in GOP tax plan WASHINGTON (AP) — The House Republicans' tax-cut plan springs from a core argument: What's good for big business and the moneyed elite is inevitably good for the economy and everyone else.

The House Republicans' tax-cut plan springs from a core argument: What's good for big business and the moneyed elite is inevitably good for the economy and everyone else.

California should use armored cars to transport hundreds of millions of dollars in cash tax payments expected next year with the state's legal marijuana market, the state treasurer said Tuesday.

Over the next decade, the House Republican tax plan would disproportionately favor corporations and wealthy individuals.

The Republican tax overhaul bill would repeal the deduction for medical expenses.

When House Republicans proposed their tax-cut plan last week, critics noted that it came with a towering price: It would swell the nation's debt by $1.5 trillion at a time when the economy is already faring well on its own and a vast generation of retiring baby boomers threatens to strain the Social Security and Medicare programs.

House Republicans are weighing a repeal of a key tenet of the Obama-era health care law as the tax-writing committee begins work on crafting the bill.

The Latest on the Republican tax-cutting plan (all times local): 12:15 p.m.

When House Republicans proposed their tax-cut plan last week, critics noted that it came with a towering price: It would swell the nation's debt by $1.5 trillion at a time when the economy is already faring well on its own and a vast generation of retiring baby boomers threatens to strain the Social Security and Medicare programs.

New Jersey's voters will decide Tuesday who will take over running the state from outgoing Republican Gov. Chris Christie, who, after two terms in office, is leaving Trenton with one of the lowest job-approval ratings of any U.S. governor.

West Virginia tax collections of $1.3 billion so far this fiscal year are 5.3 percent higher than last year, with October receipts nearing $354 million, both very close to budget projections, state officials reported Monday.

SMALL BUSINESS TAX PROPOSAL The GOP's proposed tax overhaul is getting a mixed reaction from small business advocates, with some saying they hope the plan will be revised as it makes its way through Congress.

FBN's Stuart Varney weighs in on the House GOP tax plan.