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.
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.
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.
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.
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.
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.
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.
WASHINGTON (AP) -- President Donald Trump's pitch on a polarizing Republican health care bill in the House amounts to a means to an end: a way to move on to what he calls "the biggest tax cut since Ronald Reagan.
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.
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.
HELENA, Mont. (AP) -- Montana filed three tax liens to collect about $15,000 in back taxes against the Democrat running for the state's only congressional seat, which the political newcomer blamed on health problems that nearly led to his financial ruin.
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.
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.
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 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.
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.
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.
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.
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.
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.