Area residents rush to prepay property taxes to try to secure deduction
But it’s unclear whether some of the people prepaying will actually be able to claim the deduction, as the IRS has issued guidance that limits what qualifies.
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Young chooses growth potential over deficit concerns in vote for tax bill
Indiana Sen. Todd Young said he believes the tax bill “is going to give a major boost to our economy, creating an environment that’s ripe for jobs and small business growth.” Two months ago, he said he was concerned with overestimating growth potential.
Senator presses Anthem on decision to clamp down on ER reimbursements
U.S. Sen. Claire McCaskill is asking the Indianapolis-based insurer to turn over a huge array of internal documents, explaining how it reached its decision to deny certain emergency room claims.
Eastern states sue EPA over upwind pollution from Indiana, other states
State attorneys general in New York and seven nearby states say they can’t meet strict smog standards because states in the Midwest and south are not controlling air pollution.
Wealthy Americans flood advisers to take advantage of tax law
The new tax law will be anything but simple for many affluent Americans, who are now inundating their accountants for advice.
Tax overhaul could mean fallout for state, local governments
The big changes in the federal tax code aren’t happening in a vacuum. They will force officials in most states to decide whether to apply similar changes, while some residents ponder whether they now might be better off living somewhere else.
Notre Dame to pay millions under tax reform bill
A university spokesman says the sweeping overhaul of the nation’s tax laws that Congress approved Wednesday would cost the university up to $9 million per year.
Congress delivers massive tax reform package to Trump’s desk
The epic overhaul of U.S. tax laws offers generous tax cuts for corporations and the wealthiest Americans while providing smaller cuts for middle- and low-income families. It’s projected to increase the national debt while potentially boosting economic growth.
Senate moves tax cut legislation to brink of final passage
After midnight—as protesters interrupted with chants of "kill the bill, don't kill us"—the Senate narrowly passed the legislation on a party-line 51-48 vote.
State senator drops bid for open Indiana congressional seat
Sen. Mike Crider of Greenfield says he doesn’t have the financial support needed to continue his 6th District campaign.
GOP betting that its fix for US economy will defy warnings
A wide range of economists and nonpartisan analysts have warned that the bill will likely escalate federal debt, intensify pressure to cut spending on social programs and further widen America's troubling income inequality.
Trump relishes progress on rolling back federal rules
The Office of Information and Regulatory Affairs said the administration completed 67 deregulatory actions and taken three regulatory actions through the end of September that would result in a cost savings of $570 million a year.
FCC votes along party lines to end ‘net neutrality’ rule
The FCC vote is unlikely to be the last word. Net neutrality supporters threatened legal challenges, with New York's attorney general vowing to lead a multistate lawsuit.
GOP has deal on tax cuts, could send bill to Trump by Christmas
Confident congressional Republicans forged an agreement Wednesday on a major overhaul of the nation's tax laws that would provide generous tax cuts for corporations and many Americans.
Rare Democratic victory in Alabama narrows GOP edge in Senate
In a victory aided by scandal, Democrat Doug Jones narrowly won Alabama’s special Senate election Tuesday, beating back history and embattled Republican opponent Roy Moore.
Two questions loom over House-Senate talks over tax bill
How do you satisfy demands of the rebellious GOP lawmakers from high-tax states who demand concessions over a cherished deduction? And how do you pay for those concessions?
Franken announces resignation from Senate amid allegations
Minnesota Sen. Al Franken said Thursday he will resign from Congress in coming weeks following a wave of sexual misconduct allegations and a collapse of support from his Democratic colleagues.
Indiana GOP Senate candidate voted Democrat until 2012
Records from the Dubois County Clerk's office, where candidate Mike Braun is registered to vote, show the 63-year-old consistently cast Democratic ballots until 2012.
Donnelly joins growing chorus of voices calling for Franken resignation
The demands came in rapid succession after Sen. Al Franken on Wednesday vehemently denied a new sexual misconduct accusation that came from a former Democratic congressional aide.
Senate change on proposed endowment tax could spare some schools
A few dozen private college endowments could dodge a bullet with the sweeping tax bill approved by the Senate early Saturday morning after a last-minute amendment.