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Obama pushes business bill as an all-American goal (AP)

President Barack Obama delivers remarks following his meeting with small business owners, Wednesday, July 28, 2010, at the Tastee Sub Shop in Edison, N.J,. (AP Photo/Pablo Martinez Monsivais)AP - President Barack Obama on Wednesday cast his latest economic pitch as a matter of patriotism, urging the Senate to ditch its partisan mode at least long enough to pass a package of tax cuts and loan relief for small businesses. "This is as American as apple pie," the president said.



When the Tax Hikes Are Coming (U.S. News & World Report)

U.S. News & World Report - If you love class warfare, your moment has arrived. The next several weeks, leading up to the November elections, are sure to be filled with resounding political invective over who should pay for Washington's profligate spending over the last decade. Democrats will argue that the rich and near-rich should pony up, since they have the most money to start with. Republicans will point to the needy, arguing that they've been getting too much aid for too long. Tea Partiers will struggle to decide whose benefits should be cut in order to achieve the smaller government they envision. ...

Fed says some districts report slowing economy (Reuters)

Customers shop during the grand opening of the Forever 21 flagship store in New York's Times Square June 25, 2010. REUTERS/Lily BowersReuters - The economy kept growing overall in recent weeks, but unevenly and it actually slowed in a few regions as housing markets softened after the end of a popular tax break, the Federal Reserve said on Wednesday.



Sen. Kerry to pay Mass. tax on yacht docked in RI (AP)

'Isabel,' the 76-foot yacht owned by Democratic Sen. John Kerry of Massachusetts, is undergoing repairs at the Hinckley shipyard in Portsmouth, R.I., Friday, July 23, 2010. Kerry is docking his family's new $7 million yacht in neighboring Newport, R.I., allowing him to avoid paying roughly $500,000 in taxes to the cash-strapped Bay State. (AP Photo/Stew Milne)AP - Sen. John Kerry moved to end a controversy over his decision to base his new $7 million yacht in tax-free Rhode Island, informing the Massachusetts Department of Revenue on Tuesday that he would "promptly" pay taxes as if the vessel were docked in his home state.



Office Depot narrows 2Q loss, but revenue falls (AP)

AP - Office Depot Inc. narrowed its loss in the second quarter on tax benefits and cost cutting but the office supply retailer's sales continued to fall.

Ex-UBS client gets house arrest for tax conviction (AP)

AP - A Texas businessman who admitted evading hundreds of thousands of dollars in taxes using secret accounts at Swiss bank UBS AG was sentenced Tuesday to a year of house arrest and probation, a reward for his quick guilty plea and substantial assistance to U.S. investigators.

GM sets $41,000 price for electric Chevy Volt (Reuters)

The Chevrolet Volt during the Chicago Auto Show, February 11, 2009. REUTERS/John GressReuters - General Motors on Tuesday set a price of $41,000 for its electric Chevrolet Volt -- $8,000 more than its nearest competitor, the Nissan Leaf.



Consumer confidence dims as home prices climb (Reuters)

Construction worker Trent Gardner carries a column for a new home in Matthews, North Carolina, April 15, 2010. REUTERS/Chris Keane/FilesReuters - Job worries drove July U.S. consumer confidence to its lowest since February, with one in six people expecting lower income in the next six months, underscoring the precarious state of economic recovery.



"Glimmers of improvement," but state woes remain (Reuters)

Reuters - State tax revenue is improving, but only slightly, and may not be enough to end steep spending cuts or replace the loss of assistance from the federal stimulus plan that expires in December, according to a report on Tuesday.

(AP)

AP - Obama pushes Senate to approve energy bill, say he still wants broader climate legislation.

Film tax breaks bring Scorsese, Allen back to France (AFP)

Director Woody Allen is seen in Paris on July 6, 2010 during the shooting of his latest movie AFP - Quentin Tarantino shot his movie about wartime France in Germany to save money but now directors like Woody Allen and Martin Scorsese are returning to glamorous Paris thanks to generous tax breaks.



IRS offers reprieve for charities missing deadline (AP)

AP - Thousands of small charities in danger of losing their tax exempt status because they missed a tax filing deadline were given a reprieve Monday by the Internal Revenue Service.

Ahead of the Bell: New Home Sales (AP)

AP - Sales of new homes likely rose from record lows in June, but the market remains weak now that potential buyers can no longer get federal tax credits.

No new recession, let tax cuts die: Geithner (Reuters)

Reuters - The economy is not likely to slip back into recession but letting tax cuts for the wealthiest Americans expire is necessary to show commitment to cutting budget deficits, Treasury Secretary Timothy Geithner said on Sunday.

Geithner favors allowing some tax cuts to expire (AP)

The US economy is AP - Treasury Secretary Tim Geithner said that allowing tax cuts for the wealthy to expire would be "the responsible thing to do."



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