Taxes

Illinois facing dire consequences as budget feud continues

Illinois is hours away from entering its third fiscal year without a state budget, territory that could mean some universities won't be able to offer federal financial aid, road construction and Powerball ticket sales will halt, and the state's credit rating will be downgraded to "junk."

Illinois' financial crisis has 'hurtled out of control'

The Illinois State House took an early step toward ending a devastating two-year budget impasse Friday, but with many challenges remaining and a critical deadline drawing near, the state’s workers are worried about a complete lack of stability.

Tax reform “on track” for 2017, despite health care delay: Rep. Kevin Brady

Rep. Kevin Brady (R-Texas) of the Ways and Means Committee said Wednesday Republicans are “still on track” to deliver major tax reform this year, despite Senate Majority Leader Mitch McConnell’s (R-Ky.) announcement Tuesday to delay the vote on the Senate’s health care bill until after the July 4th recess.

Trump vs. Bezos: A look into the longstanding rift over taxes

Amazon (NASDAQ:AMZN) CEO Jeff Bezos was at the White House discussing ways to modernize federal IT systems just last week, but on Wednesday President Trump brought the tech titan and Washington Post owner back into the fray in a new way, by accusing him of dodging internet taxes.