tax

Editor's note: NPR will also be fact-checking Democratic nominee Hillary Clinton's planned economic speech this Thursday. Donald Trump is coming off a week of disastrous headlines and cratering poll numbers. His major economic speech on Monday at the Detroit Economic Club, a vision described by his campaign as "Winning the Global Competition," was a chance to turn the page. During an address of just over an hour — which was interrupted multiple times by protesters — the GOP...

Gov. Mary Fallin has signed legislation that supporters say will help the state collect more revenue from online purchases. Fallin signed legislation Tuesday that requires retailers to notify their Oklahoma customers they may owe taxes on their online purchases when filing state tax returns. House Bill 2531 would also require retailers to provide Oklahomans with an annual report of how much they spent on online purchases. The Oklahoma Tax Commission says it doesn't expect the legislation to...

A proposal to increase Oklahoma's fuel taxes has been rejected by an Oklahoma House committee. The House Joint Committee on Appropriations and Budget Tuesday voted 14-9 against the bill that would raise gasoline and diesel fuel taxes in the state. Oklahoma's fuel tax is currently 17 cents per gallon for gas and 14 cents for diesel. House Bill 3212 would have increased the taxes to 20 cents for gasoline and 17 cents for diesel. The increase would not be collected if fuel rose above $3 a gallon...

Joe Wertz / StateImpact Oklahoma

The oil boom minted millionaire executives and transformed Oklahoma City into a corporate energy hub, but industry tax breaks and funding cuts kept much of the prosperity from reaching public services, a new Reuters investigation shows. Unlike other energy states, Oklahoma “didn’t fill state coffers during flush years,” and, instead, slashed education spending, backed industry tax breaks and now faces a $1.3 billion budget gap, Luc Cohen and Joshua Schneyer report: Shale regions are hurting...

The TV and a cellphone are playing videos, as Trevor Franklin tries to quiet a brood of kids in the living room of the apartment he shares with his fiancée in southeast Washington, D.C. "TJ is mine, and Malik and Morgan are my stepkids," Franklin says. A 14-year-old stepdaughter is on her way home from school, and his pregnant fiancée is on bed rest with a fifth child. The Census Bureau says about 41 percent of children are born to mothers who aren't married, about five times the rate in the...

U.S. manufacturers of medical devices started 2016 with a windfall — a two-year suspension of a controversial tax on their revenue. Medical devices include a wide range of products and machines used in medical care, such as tongue depressors, endoscopes and MRI scanners, for example. Manufacturers say the tax on devices hurt their business. The Congressional Research Service estimates companies paid out $2.4 billion in 2014. "When this tax went into place it forced us to make cuts and sustain...

Oklahoma Senator David Holt is proposing $10,000 teacher pay raises over the next few years. And Holt says this can be done without raising taxes. His plan is three pronged. School districts would be consolidated and excess money would go to teacher pay. All revenue growth after fiscal year 2017 would go directly to raises, and the the state would find another $200 million by reforming tax credits. Holt said legislators have a moral obligation to raise pay, and help solve the teacher shortage...

Hillary Clinton wants you to know she has a new tax proposal . She also wants you to know that Bernie Sanders does not. Late Tuesday, Clinton released a plan aimed squarely at a specific subset of Americans: that is, the very rich. She also went on the attack against Sanders, who has yet to release his tax plan (and who has also spent his political career taking aim at the richest Americans). The Sanders camp says its plan is coming before the Iowa caucuses on Feb. 1, at which point there...

Joe Wertz / StateImpact Oklahoma

Even as Oklahoma's economy was roaring thanks to an oil boom, Sarah Dougherty watched in disbelief as the Tulsa elementary school her children attend expanded class sizes and eliminated teachers because costly tax cuts and incentives ate up much of the surplus revenue. Republican Gov. Mary Fallin and the GOP-led Legislature pushed through the latest cut, a quarter-point reduction in the top income tax rate, two years ago when $100-a-barrel crude buoyed the state's coffers. While the average...

Tuesday night's Republican debate focused on economic issues. NPR reporters look at candidate claims about business creation, the minimum wage, trade and the length of the tax code. NPR White House correspondent Scott Horsley on the health of the economy: Republican candidates painted a fairly bleak picture of the U.S. economy during the debate, offering a litany of discouraged workers, sluggish economic growth and children living on food stamps. "For the first time in 35...

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