360° Coverage : Ohio lawmakers differ on views of looming fiscal cliff

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Ohio lawmakers differ on views of looming fiscal cliff

Source: The Fremont News Messenger, Nov 25 2012, 7:42am CST

WASHINGTON — Lawmakers in Washington face a grueling legislative sprint to the end of the year as they try to craft a compromise that avoids the one-two punch of tax hikes and spending cuts set to take effect in January. If the divisions within Ohio ...

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Update
10

2 hours ago

U.S. House panel approves spending cuts, assumes more to come

Source: Reuters Mobile  |   May 21 2013, 7:46pm CDT

* $967 billion spending cap approved, lowest in a decade * Republicans shifting limited funds toward defense, security WASHINGTON, May 21 (Reuters) - The Appropriations Committee of the U.S. House of Representatives made clear on Tues ...

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Update
9

3 hours ago

Apple’s CEO defiantly defends firm’s tax avoidance strategies

Source: The Washington Post  |   May 21 2013, 7:24pm CDT

Apple chief executive Tim Cook offered no apologies Tuesday for the way his company keeps tens of billions of dollars in overseas profits virtually free of U.S. taxes, amid sharp questions from lawmakers about the practice. The hearing on Capitol Hi ...

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Update
8

6 hours ago

Former IRS chief apologizes for oversight

Source: Zanesville Times Recorder  |   May 21 2013, 3:42pm CDT

WASHINGTON — The former Internal Revenue Service chief testified Tuesday that he first learned in the spring of 2012 about the tax agencys use of inappropriate terms including tea party to scrutinize tax-exempt applications. But the ex-commissioner, D ...

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Update
7

7 hours ago

Oklahoma lawmakers who opposed disaster aid now face own disaster

Source: Chicago Tribune  |   May 21 2013, 3:01pm CDT

At the time, some of the Oklahoma lawmakers demanded spending cuts as a condition of aid to the hurricane-ravaged Northeast. Now that a devastating tornado has hit their state, it's not clear whether Oklahoma ...

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Update
6

8 hours ago

Bartlett: The Bush Tax-Cut Failure

Source: TaxProf Blog  |   May 21 2013, 1:42pm CDT

Ten years ago this month, Congress enacted the third major tax cut of the George W. Bush administration. Its centerpiece was a huge cut in the tax rate on dividends. Historically, they had been taxed as ordinary income, but the Bush plan, enacted b ...

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Update
5

9 hours ago

Tim Cook: Apple Doesn't Use 'Tax Gimmicks'

Source: Mashable  |   May 21 2013, 1:25pm CDT

"We are proud to be an American company and equally proud of our contributions to the American economy," said Cook in his opening remarks. He claimed Apple has "created or supported" an estimated 600,000 Ame ...

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Update
4

9 hours ago

Five 501(c)(4) Groups That Might Have Broken the Law

Source: The Nation  |   May 21 2013, 1:07pm CDT

The exterior of the Internal Revenue Service building in Washington, Friday, March 22, 2013. (AP Photo/Susan Walsh) The additional questions provided by the IRS to Tea Party and some Democratic-leaning groups seeking social welfare 501(c)(4) stat ...

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Update
3

12 hours ago

National Coalition Urges Congress to Look for Savings in Program Integrity Reforms Over Beneficiary Cost-Sharing

Source: PR Newswire  |   May 21 2013, 10:33am CDT

WASHINGTON, May 21, 2013 /PRNewswire-USNewswire/ -- Fight Fraud First! (FFF!) – a national coalition of organizations representing older Americans, persons with disabilities, military veterans and healthcare providers who advocate ...

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Update
2

12 hours ago

Apple: Lawmakers at odds

Source: The Politico  |   May 21 2013, 10:17am CDT

Apple CEO Tim Cook on Tuesday vigorously defended his company on Capitol Hill against charges that the tech company stashes billions of dollars overseas to lower its U.S. tax bill. In his first appearance be ...

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Update
1

1 day ago

State tax deals would open way for 788 jobs in Central Ohio

Source: Business First of Columbus  |   May 20 2013, 4:40pm CDT

A digest of important news from sources selected by our local editors. Delivered weekday mornings. Brian R. Ball covers real estate, allied construction industries, development and the hospitality and hotel sectors for Business ...

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