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Tag Archives: taxes

Massive spending and tax deal at a glance

WASHINGTON  — A divided Congress on Friday cleared a $1.1 trillion spending bill to fund the government for the 2016 budget year and extend $680 billion in tax cuts for businesses and individuals. President Barack Obama is expected to sign the legislation. Here are the highlights: TAXES —Family tax credits. Permanently extends recent changes to the $1,000 child tax-credit that ...

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From the budget table: Pennsylvania’s proposed pension deal trades cuts in future workers’ benefits for hoped-for taxpayer savings

The pension reform department of the final state budget talks is aimed toward producing a new benefit plan for future state and public school employees that’s come to be known as a “side-by-side hybrid.” That’s side-by-side, as in it’s really two distinct pension plans working for the employee from their first day on the job: one part a traditional defined ...

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Analysis: Expect confrontation at tonight’s GOP debate with Kasich part of the fight

BOULDER, Colo. — For the past month, John Kasich has lamented that the last Republican presidential debate was merely a “demolition derby” that pushed him to the grandstands because he refused to take part. Now the Ohio governor seemingly has kicked out the glass of his campaign car and is revving up the engine for tonight’s debate in the Coors ...

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Editorial: Tom Wolf, revealed: Good grief

Gov. Tom Wolf supports fewer jobs for Pennsylvanians, especially for minorities attempting to step onto the first rung of the employment experience ladder. He also supports fewer small businesses doing business in the Keystone State. And the governor is in favor of sending Marcellus shale drilling companies to other states so their residents can better reap the benefits of the ...

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Low energy prices take toll on WPX operations

With dropping energy prices, oil companies have taken a hit from low prices in Colorado. The economic outlook is equally bleak for natural gas companies, including Tulsa-based WPX Energy. The company announced on its blog Thursday its operations will pause for the time being to attempt recovery from revenue losses. “Today’s lower commodity prices (see chart) are affecting what we ...

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On Opening Day, Colorado lawmakers introduce wave of bills

DENVER — After legislative leaders outlined their broad priorities in opening remarks Wednesday, legislators introduced the first batch of bills for the 2015 Colorado legislative session. The proposals give more specifics about what lawmakers will debate over the next four months. Here’s a look at some of the most notable: GUNS House Republicans introduced a bill to repeal a 2013 ...

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The top 5 Bakken stories of the week

1. Where’s the Money? The comprehensive annual financial report released by the North Dakota Office of Management and Budget dated June 30, 2011, reported the assets of North Dakota exceeded its liabilities at fiscal year end by $8.7 billion (reported as net position). According to the most recent report, dated June 30, 2013, the assets of the State had grown ...

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Parnell: Time for oil companies to ‘put their money where their mouth is’

Alex Demarban | Anchorage Daily News With his landmark tax legislation expected to survive Tuesday night’s vote, Gov. Sean Parnell says it’s now time for the oil industry to increase its investment in oil field projects that create jobs for Alaskans. As soon as he saw Senate Bill 21, or the More Alaska Production Act, was winning decisively Wednesday morning, ...

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