marcy gordon

WASHINGTON | Russian woman charged with US election interference

WASHINGTON — The Trump administration is proposing rules for investors in a new program that it says could have a big impact on economically depressed areas around the country. About 8,700 so-called “opportunity zones” have been set up in all 50 states to lure investors and developers with tax breaks. The rules from the Treasury … Continue reading WASHINGTON | Russian woman charged with US election interference

WASHINGTON | New tax break rules for ‘opportunity zone’ investors

WASHINGTON  — The Trump administration is proposing rules for investors in a new program that it says could have a big impact on economically depressed areas around the country. About 8,700 so-called “opportunity zones” have been set up in all 50 states to lure investors and developers with tax breaks. The rules from the Treasury … Continue reading WASHINGTON | New tax break rules for ‘opportunity zone’ investors

WASHINGTON | US regulators lift strict oversight of Prudential

WASHINGTON — A group of federal regulators on Wednesday lifted the strict government oversight imposed on big insurer Prudential Financial Inc. It was the last financial company still carrying the label that subjected it to special restrictions stemming from the 2008 financial crisis. The unanimous decision by the Financial Stability Oversight Council closed the books … Continue reading WASHINGTON | US regulators lift strict oversight of Prudential

WASHINGTON | House approves GOP tax measures for savings, startups

WASHINGTON — Proposals to expand the new tax law by adding incentives for savings and startup businesses have passed the House as Republicans push legislation forward ahead of the approaching midterm elections. The votes Thursday were 240-177 and 260-156, mostly along party lines, to approve a pair of Republican-written measures. The action was a prelude … Continue reading WASHINGTON | House approves GOP tax measures for savings, startups

WASHINGTON | Senate panel to hear from internet execs on privacy policies

WASHINGTON — The Trump administration is hoping Congress can come up with a new set of national rules governing how companies can use consumers’ data that finds a balance between “privacy and prosperity.” But it will be tricky to reconcile the concerns of privacy advocates who want people to have more control over the usage … Continue reading WASHINGTON | Senate panel to hear from internet execs on privacy policies

WASHINGTON | Debate on new tax cuts undercut by GOP election pressure

WASHINGTON  — House lawmakers on Thursday debated a Republican proposal to expand the new tax law by making permanent the individual tax cuts now set to expire in 2026. But the move is undercut by election pressures faced by GOP lawmakers from high-tax states where residents are hurt by the law’s limits on state and … Continue reading WASHINGTON | Debate on new tax cuts undercut by GOP election pressure

WASHINGTON | House Republicans seek permanent tax cuts as elections loom

WASHINGTON — House Republican leaders have unveiled their proposal to expand the massive tax law they hustled through Congress last year. They’re aiming to make permanent the individual tax cuts and small-business income deductions now set to expire in 2026. With midterm elections barely two months away, the second crack at tax cuts outlined Monday … Continue reading WASHINGTON | House Republicans seek permanent tax cuts as elections loom

WASHINGTON | Govt acts to stop high-tax states from skirting $10K cap

WASHINGTON — The Trump administration has laid down rules aimed at preventing residents in high-tax states from avoiding a new cap on widely popular state and local tax deductions. The action over the new Republican tax law pits the government against high-tax, heavily Democratic states in an election-year showdown. The Treasury Department’s newly released rules … Continue reading WASHINGTON | Govt acts to stop high-tax states from skirting $10K cap