Taxes

Even as they lick their wounds from a failed Affordable Care Act repeal effort, Republican leaders in Washington are looking ahead to the next battle — over taxes.

"I would say that we will probably start going very, very strongly for the big tax cuts and tax reform," President Trump told reporters Friday. "That will be next."

Republican House Speaker Paul Ryan agreed, though he conceded that the defeat on health care was a setback.

"This does make tax reform more difficult," Ryan said. "But it does not in any way make it impossible."

Donald Trump and his wife Melania earned about $150 million in 2005 and paid federal taxes of about $38 million, the White House said tonight.

The Trump administration made the revelation after copies of the tax returns anonymously were put in the mailbox of journalist David Cay Johnston.

The numbers have not been independently verified by NPR.

US Army Corps of Engineers

Kentucky is receiving mixed reviews in a new report card looking at the nation’s aging infrastructure. The report was issued Thursday by the American Society of Civil Engineers.

President-elect Donald Trump delivered a campaign-style speech at what was billed as the first stop in a thank-you tour in Cincinnati, Ohio, tonight, in which he pledged to unite America while at the same time recounting old grievances against the news media, and his political opponents.

Trump also used the occasion to announce he will nominate retired Marine Corps Gen. James Mattis as secretary of defense, calling him "the closest thing we have to Gen. George Patton of our time."

Anna Boiko-Weyrauch

The Democratic candidate for governor in West Virginia has never held public office. Jim Justice is instead running on his record as a businessman. He runs coal mines, farms, and a luxury resort, and according to Forbes, he’s also the wealthiest person in the state, worth $1.56 billion.


As the number of people covered by high-deductible health plans soars, some insurers and employers are easing the strain on consumers' wallets by covering certain benefits like doctor visits or generic drugs before people have reached their plan's deductible.

But there's a hitch: Under Internal Revenue Service rules, high-deductible plans that can link to health savings accounts can only cover preventive services, such as vaccinations and mammograms, until patients buy enough services on their own to pay down their deductible.

Sergey Kuzmin, 123rf Stock Photo

State budget officials say tax collections for Kentucky’s General Fund grew by nearly 4% in the past fiscal year, fueled by strong sales and individual income tax receipts.

iStockPhoto

Despite a strong showing during the first 10 months of the year, tax revenue was down last month in Kentucky, dashing hopes of a sizable surplus at the end of the fiscal year on June 30.

Federal authorities say they have recently prosecuted a number of tax preparers in Kentucky who falsified returns.  During a news conference in Louisville Monday, U.S. Attorney for the Western District of Kentucky John Kuhn, said it’s important that the public guard against dishonest preparers.

"Taxpayers have to remain diligent when they work with return preparers," emphasized Kuhn.  "Taxpayers remain responsible for the contents of their returns."

Two Logan County tax preparers, Tara L. Mitchell and Mechelle Blankenship, were recently charged with falsely claiming education credits for taxpayers who were not entitled to them. 

Kuhn explained that some preparers who charge clients a percentage of their tax refund intentionally prepare false returns to increase their clients’ refund and their own fees.

Sembodo Tioss Halala, 123rf Stock Photo

Officials with the Kentucky Department of Revenue are using safeguards to protect against growing concerns of fraud. Issues at the federal level earlier this year resulted in a break from processing state tax returns in Frankfort. 

Pages