Corporate taxes

January 10, 2018 - 12:13 pm
ALBANY, N.Y. (AP) — Attorneys general, consumer advocates and regulators in more than a dozen states are asking the Federal Energy Regulatory Commission to ensure that utility customers also benefit from windfalls utilities will reap from corporate tax cuts included in the federal tax overhaul. In...
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FILE - This Tuesday, Oct. 25, 2016, file photo shows the New York Stock Exchange in Lower Manhattan. Another month of strong hiring in the U.S. and improved manufacturing in Europe have stocks climbing early Thursday, Jan. 4, 2018, as the Dow Jones industrial average trades above 25,000 points for the first time. (AP Photo/Mary Altaffer, File)
January 04, 2018 - 3:53 pm
NEW YORK (AP) — The Dow Jones industrial average burst through the 25,000 point mark Thursday, just five weeks after its first close above 24,000. The Dow broke passed 1,000-point barriers in 2017 on its way to a 25 percent gain for the year, as an eight-year rally since the Great Recession...
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FILE - In this Dec. 13, 2016, file photo, the logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange. Goldman Sachs is expecting a $5 billion hit to profits during the fourth quarter because of the tax overhaul recently signed into law. The New York bank said Friday, Dec. 29, 2017, that two thirds of the $5 billion are due to changes in repatriation taxes, when funds are returned from overseas. (AP Photo/Richard Drew, File)
December 29, 2017 - 10:43 am
NEW YORK (AP) — Goldman Sachs expects to take a $5 billion hit to profits for the fourth quarter and year because of the tax overhaul signed into law last week. As a result, the New York bank will likely report a loss for the last quarter of 2017. But Goldman and other banks will be among the...
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FILE - This Dec. 11, 2013, file photo, shows a beer at a microbrewery in Birmingham, Ala. Craft breweries are raising a glass to the Republicans’ new tax overhaul: It cuts the excise tax on beer. (AP Photo/Dave Martin, File)
December 26, 2017 - 11:23 am
WASHINGTON (AP) — Craft breweries are raising a glass to the Republicans' new tax overhaul: It cuts the excise tax on beer. Retailers, long saddled with heavy tax bills, will get relief. So will some high-profile names in corporate finance, led by Wells Fargo. The tax measure that President Donald...
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FILE - In this Dec. 7, 2016 file photo, AT&T Chairman and CEO Randall Stephenson listens on Capitol Hill in Washington, while testifying before a Senate Judiciary subcommittee hearing on the proposed merger between AT&T and Time Warner. After an exchange between AT&T's CEO and a union representing its workers, the company says it took steps to pay workers a $1,000 bonus in response to President Donald Trump's tax cuts. The Communications Workers of America had pushed AT&T last month to guarantee workers would receive the $4,000 raise that White House economists said would be the result of the corporate tax cuts. (AP Photo/Evan Vucci, File)
December 21, 2017 - 5:00 pm
WASHINGTON (AP) — After an exchange between AT&T's CEO and a union representing its workers, the company said it took steps to pay workers a $1,000 bonus in response to President Donald Trump's tax cuts. The announcement by the company Wednesday had raised questions about whether it was...
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FILE - In this Oct. 2, 2014, file photo, the statue of George Washington on the steps of Federal Hall faces the facade of the New York Stock Exchange. Stocks are opening broadly higher on Wall Street, Wednesday, Dec. 20, 2017, led by gains in banks and industrial companies. (AP Photo/Richard Drew, File)
December 20, 2017 - 12:18 pm
NEW YORK (AP) — U.S. stocks are mixed in midday trading Wednesday after the Senate passed a bill that would cut corporate taxes. The House is expected to approve the measure in the afternoon. Stocks have climbed in anticipation of the bill's passage. Smaller companies are doing better than the rest...
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House Ways and Means Committee Chairman Kevin Brady, R-Texas, talks to reporters at the Capitol after Republicans signed the conference committee report to advance the GOP tax bill, in Washington, Friday, Dec. 15, 2017. (AP Photo/J. Scott Applewhite)
December 16, 2017 - 3:17 am
WASHINGTON (AP) — Count commuters among the losers in the Republican tax bill that the House and Senate are expected to vote on next week. The final bill agreed to by Republican negotiators and released late Friday eliminates the tax incentive for private employers that subsidize their employees'...
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House Budget Committee Chair Diane Black, R-Tenn., arrives at the House Ways and Means Committee room to work with Chairman Kevin Brady, R-Texas, on the GOP tax bill conferee report, at the Capitol in Washington, Friday, Dec. 15, 2017. (AP Photo/J. Scott Applewhite)
December 15, 2017 - 6:59 pm
WASHINGTON (AP) — The Latest on Republican tax overhaul legislation (all times local): 6:45 p.m. The preliminary deficit estimate for the final version of the GOP tax bill says it would add $1.46 trillion to the budget deficit over the coming 10 years. The true deficit cost is likely to be even...
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House Ways and Means Committee Chairman Kevin Brady, R-Texas, talks to reporters at the Capitol after Republicans signed the conference committee report to advance the GOP tax bill, in Washington, Friday, Dec. 15, 2017. (AP Photo/J. Scott Applewhite)
December 15, 2017 - 6:27 pm
WASHINGTON (AP) — Count commuters among the losers in the Republican tax bill that the House and Senate are expected to vote on next week. The final bill agreed to by Republican negotiators and released late Friday eliminates the tax incentive for private employers that subsidize their employees'...
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Senate Finance Committee Chairman Orrin Hatch, R-Utah, center, talks with Sen. Chris Coons, D-Del., left, as they leave the chamber following a vote, on Capitol Hill, in Washington, Thursday, Dec. 14, 2017. (AP Photo/J. Scott Applewhite)
December 14, 2017 - 6:00 pm
WASHINGTON (AP) — The Republicans' razor-thin margin for driving their sweeping tax package through the Senate was thrown into jeopardy Thursday when GOP Sen. Marco Rubio declared he will vote against it unless negotiators expand the tax credit that low-income Americans can claim for their children...
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