Taxes News Headlines

WASHINGTON (Reuters) - Republicans in the House of Representatives said on Friday they will attach a bill designed to speed approval of the Keystone pipeline to payroll tax cut legislation House Speaker John Boehner hopes to pass this month. The move is designed to ratchet up the heat on President Barack Obama, whose administration …

House GOP leaders are struggling with divisions within their party over whether to extend the payroll tax cut, after the Senate punted on its efforts to keep the tax holiday going another year.

Shares of H&R; Block Inc. dropped in Friday trading after concerns over its shuttered subprime mortgage business resurfaced with the company's fiscal second-quarter financial results.

President Barack Obama says Congress should pass a payroll tax cut before their end-of-the year break, and he's raising the possibility that "we can all spend Christmas here together."

Brazil announces sweeping tax cuts.

West Virginia general tax revenues missed their mark by $42 million in November, their worst monthly performance in nearly two years, but officials don't see specific red flags for West Virginia's economy in the numbers.

WASHINGTON (Reuters) - The unemployment rate will rise by about two percentage points if Congress fails to extend a payroll tax cut and unemployment insurance benefits, U.S. Labor Secretary Hilda Solis said on Friday. Solis told Bloomberg Television that 130 million American families stand to pay more than $1,000 in taxes …

A Greek high court on Friday considered appeals against a deeply resented new property tax that has sparked anger across the country because those who don't pay it will get their power turned off.

The polarized US Senate rejected rival Democratic and Republican proposals for extending a payroll tax cut due to expire next month in a pair of politically charged votes.

The Senate on Thursday sidetracked rival plans to extend a Social Security payroll tax cut, in dueling votes that pave the way for negotiations on a compromise on a core component of President Barack Obama's jobs program.

WASHINGTON (Reuters) - The Senate on Thursday defeated competing payroll tax cut extension plans by Democrats and Republicans, clearing the way for negotiations on compromise legislation that could boost the economy next year. In late-night votes, the Senate, as expected, defeated a Democratic plan that would have extended …

WASHINGTON (Reuters) - The Senate on Thursday blocked a Republican plan to extend the payroll tax cut for workers for one year. By a vote of 78-20, the Senate defeated the Republican legislation. Earlier, the Senate killed a Democratic version of the payroll tax cut extension. Senate leaders are expected to begin negotiating …

WASHINGTON (Reuters) - The Senate on Thursday blocked a Republican plan to extend the payroll tax cut for workers for one year. By a vote of 78-20, the Senate defeated the Republican legislation. Earlier, the Senate killed a Democratic version of the payroll tax cut extension. Senate leaders are expected to begin negotiating …

WASHINGTON (Reuters) - Republicans in the Senate on Thursday blocked a one-year extension and expansion of the payroll tax cut that was coupled with a plan to impose a new tax on the wealthy. By a mostly partisan vote of 51-49, the Senate defeated the Democratic legislation and was preparing to vote on a Republican alternative …

WIDER LOSS: H&R; Block posted a loss of $141.7 million, or 47 cents per share, compared with $109 million, or 36 cents per share, last year. Excluding one-time items, it said it lost 38 cents per share.

H&R; Block Inc. said Thursday it closed the sale of its business consulting unit RSM McGladrey to accounting firm McGladrey & Pullen LLP.

For residents in the rural Midwest, the governor's announcement was golden: A global company with Chinese ownership planned to hire 612 people at a new factory making artificial sweetener.

One of the largest companies in Illinois is calling the state's business climate "rudderless" and "dysfunctional" after lawmakers failed to approve a package of tax perks to help several businesses threatening to leave the financially strapped state.

SAN FRANCISCO (Reuters) - The wealthy in California would pay more income tax and shoppers would face a sales tax increase under a measure to be unveiled by Governor Jerry Brown to raise $7 billion for the cash-strapped state. Details of the initiative were being nailed down on Thursday with lawmakers, advocates and labor …

A spike in claims related to bad loans written by its now-shuttered subprime mortgage unit shouldn't create any new liability for H&R; Block Inc., company executives said Thursday after releasing results that showed a wider loss for its fiscal second-quarter.

Facing another budget deficit and the prospect of deep cuts to education, Gov. Jerry Brown plans to file a ballot initiative as early as Friday that asks voters to increase taxes on the wealthy and raise the sales tax by half a cent.

WASHINGTON (Reuters) - The top Republican in Congress said on Thursday that extending a payroll tax cut for workers would boost the U.S. economy, putting himself at odds with members of his party who are skeptical of its benefits. Minutes after declaring "I'm not an economist. I don't know what kind of impact it's going …

WASHINGTON (Reuters) - The top Republican in Congress said on Thursday that extending a payroll tax cut for workers would boost the U.S. economy, putting himself at odds with members of his party who are skeptical of its benefits. Minutes after declaring "I'm not an economist. I don't know what kind of impact it's going …