Taxes

Senate Republicans would cut Medicaid, end penalties for people not buying insurance and erase a raft of tax increases as part of their long-awaited plan to scuttle President Barack Obama's health care law, congressional aides and lobbyists say.

Leadership within the House of Representatives, including its speaker, Paul Ryan, is showing signs of softening its stance on the proposed border adjustment tax in order to appease opposition from lawmakers and expedite passage of a tax-cut proposal, FOX Business has learned.

Senate Majority Leader Mitch McConnell (R-Ky.) introduced a draft health care bill to repeal and replace the Affordable Care Act Thursday, which attempts to stabilize the health care marketplace and ease the burden on Americans who will lose coverage while ObamaCare is being dismantled.

Bills sent to Gov. Rick Snyder on Thursday would accelerate a tax cut for people who trade in their vehicle when buying a new one in Michigan.

The drug sellers aren't the problem when it comes to the highly anticipated launch of Nevada's recreational marijuana industry.

The drug sellers aren't the problem when it comes to the highly anticipated launch of Nevada's recreational marijuana industry.

Democratic Gov. Tom Wolf poured cold water on leading ideas from Republican lawmakers Wednesday to patch up the state's deficit-wracked finances as they wrestle with the state's biggest cash shortfall since the recession.

The first day of a costly special legislative session aimed at solving Illinois' unprecedented budget crisis got off to a slow start with both the House and Senate adjourning quickly Wednesday without making any substantive progress.

While the Trump administration works with lawmakers to put its tax reform ideas into action, Britain’s Theresa May said Wednesday she is seeking to cut the country’s corporate rate again, potentially leapfrogging the U.S. once more.

The daily bustle of tourists and shoppers has died down in an upscale market of central New Delhi, but one toy shop owner is still busy poring over the new Indian tax rules that take effect next month.

The White House plans to privately negotiate a massive overhaul of the tax system with Republican leaders in Congress, possibly giving rank-and-file members little if any say over the finished product, according to a top aide to President Donald Trump.

Nevada's marijuana regulators are working furiously to launch recreational sales on July 1, a fast-approaching deadline that could hinge on a court deciding whether the powerful liquor industry should be guaranteed a piece of the pot pie before tourists and residents can light up.

The Latest on the legal battle over the licensing of marijuana businesses necessary for existing medical dispensaries to begin selling pot for recreational use on July 1 (all times local, PDT): 1:15 p.m. Nevada's marijuana regulators are developing backup plans in case a judge refuses to lift a court order blocking the licensing of distributors necessary to launch the state's first recreational pot sales July 1.

Already holding the title for longest state budget stalemate, Illinois is poised to enter a third year without a spending plan as the feud between Republican Gov. Bruce Rauner and Democrats controlling the Legislature drags on.

The White House plans to introduce its tax overhaul during the first two weeks of September, says Gary Cohn, President Donald Trump's top economic aide.