Tax Policy

House votes to block Medicare cuts to doctors, Republicans see a payoff to the AMA The Democratic-controlled House voted Thursday to add more than $200 billion to the deficit to prevent steep Medicare payment cuts to doctors, a move Republicans denounced as ...

Washington state budget deficit zooms to $2.6B on weaker revenue, tax hikes now almost certain Tax increases probably can't be avoided as Washington state tries to patch a budget deficit that's ballooned to about $2.6 billion, top Democratic lawmakers said Thursday. Leading ...

Florida unemployment compensation tax on businesses to skyrocket due to high jobless rate Unemployment compensation taxes paid by Florida businesses will skyrocket next year due to the state's high jobless rate that hit 11 percent in September, revenue officials said. The minimum ...

Budget analyst: California faces huge challenges through 2015 amid slow economic recovery Despite multiple attempts to balance California's budget, the state can still expect to confront shortfalls approaching $20 billion during each of the next five years, according to a long-range forecast ...

Ohio business group throws support behind Strickland's tax plan as GOP continues talks A business lobbying group that helped create a package of tax changes says it supports a plan to delay income tax cuts to balance Ohio's budget. The Ohio Business ...

Imposing tax on food among proposals before NM governor's budget task force Nearly three dozen tax increase proposals to help New Mexico cope with a budget shortfall are under consideration by a task force formed by Gov. Bill Richardson. One proposal would ...

Kansas governor says threat of new lawsuit over school funding not influencing budget plans Kansas' governor said Tuesday that the threat of a lawsuit over education funding won't influence the spending cuts he'll make to keep the current state budget in balance. ...

AP IMPACT: Tobacco companies quickly find tax loophole in child health bill, saving millions When President Barack Obama signed a law expanding children's health insurance this spring, he slapped tobacco companies with huge tax increases to pay for it. It didn't take ...

Talk of wind tax in Wyoming Legislature whips up debate Wyoming lawmakers will soon take up the thorny issue of whether to impose new taxes on wind energy development, a proposal that developers say could stunt the fledgling industry's growth in Wyoming. ...

In Arizona, the budget has grown so gloomy that lawmakers are considering mortgaging Capitol buildings. In Michigan, state officials dealing with the nation's highest unemployment rate are slashing spending on schools and health care. Drastic financial remedies are no longer limited to ...