WASHINGTON (AP) - President Barack Obama is taking aim at oil company tax breaks amid rising profits from increasing gasoline costs.
In his weekly radio and Internet address, Obama again urged Congress to end $4 billion a year in oil and gas company tax breaks.
Obama says the... more »
The Senate has passed legislation to give months of continued jobless checks to people who have been out of work for more than half a year and help the unemployed pay for health insurance.
The jobless aid accompanies a host of other provisions that would prevent doctors from absorbing... more »
President Barack Obama's proposal to triple federal loan guarantees for the construction of new nuclear power plants has galvanized critics of the existing program, which they say is on the verge of throwing taxpayer support behind four projects facing untold costs and dependent on unproven technology.
In his $3.8... more »
The Colorado House approved and sent to the Senate a package of bills that would eliminate or suspend tax breaks on junk mail, candy and soft drinks. They also approved a tax on software downloaded from the Internet and fast food takeout boxes. Gov. Bill Ritter proposed going after the... more »
After nearly 10 hours of debate, the Colorado House has given initial approval to bills eliminating or suspending tax breaks on junk mail, candy and soft drinks. They also approved a tax on software downloaded from the Internet and fast food takeout boxes. The bills face a third reading before... more »
Colorado Gov. Bill Ritter's plan to eliminate about a dozen tax breaks to balance the state budget is off to a rocky start.
Rep. Bob Gardner, a Republican from Colorado Springs, tried to save the tax breaks with a filibuster. Democrats retaliated by ruling him absent, forcing him to... more »
Colorado lawmakers are scheduled to take up Gov. Bill Ritter's proposal to eliminate about a dozen tax breaks to balance the state budget.
House Republican Minority Leader Mike May, R-Parker, calls the proposals a taxpayer-funded bailout of the Democrats' overspending in the previous year.
Ritter says Colorado can... more »
The House has passed a bill allowing taxpayers to write off donations to Haiti earthquake relief efforts when they file their 2009 taxes this spring. Under current law, donors would have to wait until they file their 2010 returns next year to take the deductions. The bill would allow donations... more »
The House has passed a bill extending $31 billion in popular tax breaks, including an income tax deduction for sales and property taxes.
The 45 tax breaks would be financed from a tax increase on investment fund managers and a crackdown on international tax cheats. The tax breaks are... more »