Philadelphia's soda tax brings in $6.4M in February

PHILADELPHIA (AP) -- Philadelphia's new tax on sweetened beverages is exceeding expectations. Figures released Thursday by the city's Department of Revenue show the tax brought in $6.4 million in February. The city had projected the tax would generate $5.9 million for the month. The 1.5-cent-per-ouce tax on sweetened and diet beverages funds pre-K and community schools. It also will help pay to renovate recreation centers, libraries and parks. The tax generated $5.

Stocks mixed ahead of US vote seen as Trump bellwether

TOKYO (AP) -- Global stocks were mixed Thursday, as investors awaited a vote in the U.S. Congress on health care legislation that is seen as a bellwether for President Donald Trump's ability to deliver on campaign promises of tax and regulatory reforms. KEEPING SCORE: Germany's DAX was up 0.4 percent at 11,949 and the CAC 40 in France rose 0.2 percent to 5,003. Britain's FTSE 100 was flat at 7,325. U.S.

A winner in GOP plans to repeal Obamacare: tanning salons

As Republicans try to shore up support for their health care overhaul, one group can't wait for the replacement: owners of tanning salons. President Barack Obama's Affordable Care Act imposed a 10 percent tax on tanning as a way to help fund provisions of the law that expanded coverage for some 20 million Americans. The so-called tan tax took a heavy toll on the industry. Nearly 10,000 salons closed in the U.S.

GOP health bill on the brink hours from House showdown vote

WASHINGTON (AP) -- The GOP's long-promised legislation to repeal and replace "Obamacare" stood on the brink just hours before Republican leaders planned to put it on the House floor for a showdown vote. Short of support, GOP leaders looked to President Donald Trump to close the deal with a crucial bloc of conservatives, in the first major legislative test of his young presidency.

Republican health bill would widen America's big wealth gap

WASHINGTON (AP) -- House Republicans' health care bill provides massive tax cuts to the wealthy while increasing taxes for many lower income families, adding to America's big income gap between the rich and everyone else. Over the past quarter century, only one group of people has seen significant increases in income -- those at the very top.

Retirement dreams fizzle for some with 'Obamacare' repeal

CHICAGO (AP) -- Workers dreaming of early retirement are getting the jitters as Washington debates replacing the Obama-era health care law with a system that could be a lot more expensive for many older Americans. The uncertainty over the cost of coverage in the individual market has caused some in their 50s and early 60s to put plans on hold.

Asian shares up as Wall Street steadies, with eye on US vote

TOKYO (AP) -- Shares were modestly higher Thursday in Asia after Wall Street steadied overnight. Investors are awaiting a vote in the U.S. Congress on health care legislation that is seen as a bellwether for the capacity of the administration of President Donald Trump to deliver on campaign promises for tax and regulatory reform. KEEPING SCORE: Japan's Nikkei 225 index edged 0.1 percent higher to 19,057.26. Hong Kong's Hang Seng added 0.3 percent to 24,399.

Ryan's legacy as speaker on line with health care vote

WASHINGTON (AP) -- The vote on the Republican health care bill is a defining moment for House Speaker Paul Ryan that could boost his aggressive agenda to overhaul the tax code and remake the federal government. Or send it off the rails. If he fails? "It will be very hard to manage this," the Wisconsin Republican told reporters ahead of Thursday's likely vote.

Leaders need votes for health bill on eve of House showdown

WASHINGTON (AP) -- The top Republican legislative priority in peril, President Donald Trump dangled possible changes to the health care bill Wednesday aimed at placating conservatives threatening to torpedo the legislation. The White House seemed to make progress with the hardliners while House leaders struggled with moderates ahead of a showdown vote.

Pepsi pulls 12-packs, 2-liters from shelves over soda tax

PHILADELPHIA (AP) -- Pepsi is pulling 2-liter bottles and 12-packs of its products from Philadelphia grocery store shelves over the city's new tax on sweetened drinks. The company says it wants to offer products and package sizes working families can better afford. The 1.5-cent-per-ounce tax on sweetened and diet beverages is imposed at the distributor level. If fully passed on to the consumer it amounts to $1.44 on a six-pack of 16-ounce bottles.

Republicans shift NY Medicaid tab; Dems call 'Buffalo Bribe'

WASHINGTON (AP) -- Desperate to lock down votes for their health care overhaul, House Republican leaders are seeking to shift more than $2 billion in Medicaid costs from upstate New York counties to the state government -- a proposal Democrats quickly labeled the "Buffalo Bribe" and the "Knickerbocker kickback.

Changes to GOP health proposal affect older adults, Medicaid

WASHINGTON (AP) -- Republican leaders hope that the latest changes to their health care bill win enough votes to drive the legislation through the House later this week. It's looking tight. A major goal of the revisions, unveiled late Monday night, is to create more options for older adults dealing with high medical bills, whose costs in many cases would have gone up markedly under the previous GOP bill.

New Trump hotels face political fights, ethics questions

NEW YORK (AP) -- You might have expected the Trump Organization to tap the brakes on expansion plans given all the criticism over potential conflicts of interest while its owner sits in the Oval Office. It's hitting the accelerator instead. The company owned by President Donald Trump is launching a chain of new hotels with plans to open in cities large and small across the country.

Australia says Facebook and Google are paying more local tax

CANBERRA, Australia (AP) -- Facebook, Google and other multinational companies are now paying tax in Australia based on their Australian profits instead of shifting income to low-tax countries since the government cracked down on such tax avoidance, the treasurer said Tuesday. Australia will take in an extra 2 billion Australian dollars ($1.

Rich New Yorkers ask state to raise their taxes

ALBANY, N.Y. (AP) -- Some of the wealthiest New Yorkers are asking the state to raise their taxes. Eighty people including George Soros, Steven Rockefeller and Abigail Disney wrote to lawmakers and Democratic Gov. Andrew Cuomo saying they and other top earners should pay more to support schools, roads, bridges and programs to help poor and homeless residents of the state.

GOP leaders propose health bill changes to help older people

WASHINGTON (AP) -- Top House Republicans hunting votes for their health care overhaul are proposing amendments aimed at providing more help for older people, curbing Medicaid and accelerating the repeal of some tax increases. The bill would let people deduct more medical costs from taxes. It would repeal many tax increases boosted by President Barack Obama's 2010 statute this year instead of 2018. Older and disabled Medicaid recipients would get more generous benefits.

Swiss bank UBS ordered to stand tax-fraud trial in France

PARIS (AP) -- Swiss bank UBS AG has been ordered to stand trial in France for allegedly helping wealthy French clients evade the country's tax authorities after it rejected as too pricey an out-of-court settlement offer from prosecutors. A French judicial official said Monday that investigating judges found the charges against the Zurich-based bank serious and strong enough to send the case to trial at a later date.

Trump going outside Washington for support on health bill

LOUISVILLE, Ky. (AP) -- President Donald Trump is deploying an outside and inside strategy to fulfill his campaign promise to repeal and replace "Obamacare," seeking support beyond Washington before making an in-person pitch on Capitol Hill. Top House Republicans unveiled proposed changes in their legislation in hopes of winning support, three days before the big House vote. Trump rallied supporters Monday night in Louisville, Kentucky, alongside Senate Majority Leader Mitch McConnell, R-Ky.