Taxes

GOP panel chief not saying yet if tax cuts retroactive

One of the chief architects of the sweeping tax revamp proposed by President Donald Trump and congressional Republicans isn't yet saying whether promised cuts under the plan would be retroactive to the start of the year.

Trump's tax overhaul could be credit negative for the US: Moody's

President Donald Trump and the Republican Party unveiled the framework for their long-awaited tax overhaul last week, and on Monday, Moody’s Investors Service said the plan would likely be a negative credit event for the United States government, though positive for most sectors of the economy.

Colorado's governor bets legislators can fix spending law

Colorado Gov. John Hickenlooper is betting state lawmakers can fix a mistake in an intricate spending law without jeopardizing hard-won compromises that spared rural hospitals drastic budget cuts and provided $1.9 billion for transportation.

Many manufacturers jubilant over Trump's tax reform plan

President Donald Trump’s newly unveiled tax reform plan -- which he sold as a boost for the economy by cutting taxes for middle-class Americans -- has found a new fanbase: Manufacturers who are pleased with his promise to reduce the corporate tax rate from 35% to at least 20%.

Arkansas city hopes $100 million effort will restore glory

An oil and timber town that was Arkansas' richest community nearly a century ago believes that building a $100 million arts district in its historic downtown will spark a "cultural infusion" that can reverse a decadeslong population slide.