Latest in Spending Raising Taxes
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Record Valentine's Day spending expected
Valentine's Day is just a week away, and candy sales are expected to soar. It's a busy time of year for chocolatiers, including Norman Love Confections, a Florida company that produces ...CBS News - 4d -
A tax credit worth up to $7,830 often goes unclaimed: See who qualifies for the EITC
The IRS estimates that a fifth of eligible taxpayers fail to take advantage of the tax break each year.The Hill - 4d -
GOP gains in voter registration raise red flags for Democrats
Republican gains in voter registration are raising red flags for Democrats in key states, underscoring the inroads the GOP made across the country in 2024. Active registered Republicans now ...The Hill - 4d -
How much should you pay to do your taxes? Maybe nothing — if you qualify for free tax prep.
Major tax-prep providers like Intuit’s TurboTax and H&R Block say they can do “simple” federal income-tax returns for free. The IRS also has two different free filing options equipped for these ...MarketWatch - 4d -
Tech megacaps plan to spend more than $300 billion in 2025 as AI race intensifies
Meta, Amazon, Alphabet and Microsoft intend to invest as much as $320 billion this year into AI advancement technologies.CNBC - 4d -
Guardiola denies City spend due to embargo fear
Pep Guardiola has denied that Manchester City's January recruitment drive was motivated by concern within the club that they could be hit with a transfer embargo.ESPN - 4d -
Temu and Shein Raised Prices, Removed Products as Trump’s China Tariffs Went Into Effect
Sellers and shoppers on the two sites say they saw items disappear and prices go up after President Donald Trump implemented tariffs on Chinese imports.Wired - 4d -
Big Tech Keeps Its A.I. Data Center Spending Boom Alive
An apparent breakthrough in efficiency from the Chinese start-up did not make tech’s biggest companies question their extravagant spending on new data centers.The New York Times - 4d -
The Papers: 'Trump wants UK tax cuts for tech giants' and 'hands off our ISAs'
A warning that axing ISAs could "trigger a mortgage crisis" is one of the stories on Saturday's fronts.BBC News - 4d -
Graham's plan for Trump tax cuts
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Graham rolls out plan to tackle Trump agenda Senate Budget Committee Chair ...The Hill - 4d -
Trump administration tells states to stop spending on EV charging infrastructure
The Federal Highway Administration directed states to stop spending money for EV charging infrastructure — funds that were allocated under former President Biden.CBS News - 4d -
Anduril in talks to raise money at $28 billion valuation as defense-tech booms
Anduril has signed a term sheet to raise up to $2.5 billion at a valuation of $28 billion, according to sources close to the company.CNBC - 5d -
Trump wants to end a popular Wall Street tax break. What to know about the 'carried interest loophole'
President Donald Trump wants to end the carried interest loophole. Here's how the tax break benefits Wall Street investment managers.CNBC - 5d -
The IRS has issued 3.2 million tax refunds this year. Here’s the average payment
The IRS has issued 3.2 million tax refunds in 2025, as of Jan. 31. Here's the average payment.CNBC - 5d -
Silicon Valley and Indian investors spend big as English cricket goes up for sale
Foreign investors have been googly-eyed about English soccer for decadesABC News - 5d -
Wall Street Prepares to Defend Carried Interest, a Favored Tax Break, Again
President Trump called for ending the so-called carried interest loophole, which saves financiers billions. It’s a tax break that has survived time after time.The New York Times - 5d -
Oscars flashback: Raising a glass to 'Sideways'
20 years ago, the adapted screenplay winner got the prize ahead of 'Before Sunset,' 'Million Dollar Baby,' 'Finding Neverland' and 'The Motorcycle Diaries.'Los Angeles Times - 6d -
Tariff Uncertainty Taxes the Auto Industry
For some in the car industry, the uncertainty surrounding a US-border trade war is almost worse than the tariffs themselves. If the tariffs go through, the costs might get passed down to buyers.Wired - 6d