Taxes

A longshot California proposal to replace insurance companies with government-funded health care for all could be paid for with a sales tax hike and a new tax on business revenue that together would generate $106 billion annually, according to a report released Wednesday.

A pending state Senate bill would provide government-funded universal health care for California's 39 million residents.

The Latest on a California proposal for a single-payer health care system (all times local): 1:10 p.m. Critics say supporters of a longshot California proposal to replace insurance companies with government-funded health care are being unrealistic as they push to fund sweeping changes with $106 billion annually from a sales tax hike and a new tax on business revenue.

Some lawmakers and officials are irritated a Rochester brewery receiving state economic development funding has purchased beer fermentation tanks from China that could have been produced in New York.

Whether it’s a substantial tax cut, or one that underperforms expectations, S&P Global President and CEO Doug Peterson said on Tuesday that “any tax cut is going to be seen as favorable.” Though, he added a cut that incorporated “some sort of a territoriality system and simplification would be far superior.”

With billions of dollars in unpaid bills, unfunded pension liabilities and a severe budget problem, the state of Illinois is facing significant financial trouble if lawmakers don’t agree on a spending measure by Wednesday, experts warn.

President Donald Trump called for a change to Senate rules to allow all bills to pass with a simple majority, elbowing aside Senate Republicans' current legislative strategy on taxes and health care that already rests on obtaining such a majority.

Leaders of financially strapped Hartford are struggling to persuade state legislators facing their own budget crisis to come up with tens of millions of dollars in additional aid to help the city avoid bankruptcy and ultimately become economically stable.

President Donald Trump's plan to help balance the federal budget features a new attempt to open the coastal plain of Alaska's Arctic National Wildlife Refuge to petroleum drilling.

President Trump has returned to the White House after a successful first trip abroad, signaling a shift back to domestic issues: health care, tax reform, and whether Republicans can work together to deliver legislation amidst ongoing distractions that continue to plague the administration.

Gov. Gina Raimondo's strategy of using tax credits to spur Rhode Island's economic development could create nearly 1,500 new jobs promised by 17 companies that have signed deals with the state.

As President Donald Trump arrived in Italy Friday to meet with the world’s most powerful leaders during a two-day G7 summit, he said on Twitter that his nine-day trip throughout Europe and the Middle East had, so far, been economically rewarding for the United States.

President Donald Trump spoke at the NATO headquarters in Brussels Thursday, delivering a stern message and putting pressure once again on NATO members to pay their fair share, which he said should be more than the current 2 percent-of-GDP threshold.

A federal court has ruled against Wells Fargo in a case involving $350 million in foreign tax credits that prosecutors called a tax shelter.