Taxes

Assembly Democrats seek $1B in state spending despite risks

California Assembly Democrats are pushing for $1 billion in new state spending even as some warn that the policies of President-elect Donald Trump and Republicans in Congress could have devastating consequences for the state budget.

New Mexico economists slash revenue expectations

New Mexico expects to collect far less revenue this budget year and next than previously forecast as employment, wages and economic growth lag, a group of state economists said Monday.

EU wants to make e-books, e-newspapers cheaper

The European Union wants to apply the same sales tax rules for digital books and newspapers as their print versions, in a move that would bring down the price of electronic publications.