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Marketplace focuses on the latest business news both nationally and internationally, the global economy, and wider events linked to the financial markets. It is noted for its accessible coverage of business, economics and personal finance.
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Marketplace

Marketplace focuses on the latest business news both nationally and internationally, the global economy, and wider events linked to the financial markets. It is noted for its accessible coverage of business, economics and personal finance.

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Taxes

Philadelphia City Hall
PlanPhilly
Money

Philly pols eye wage and business tax cuts ahead of next city budget

Philadelphia Mayor Jim Kenney and Councilmember Allan Domb are mulling competing tax cut proposals.

5 years ago

In this April 13, 2014 file photo, the Internal Revenue Service Headquarters (IRS) building is seen in Washington. (AP Photo/J. David Ake, File)
Money

Even with pretax profits, many big companies pay zero U.S. tax

The 55 companies named in the report issued Friday cross many industries, from agriculture to high tech, and they include such big names as Nike and Duke Energy.

5 years ago

An aerial view of Trenton, New Jersey.
Politics & Policy

‘No SALT, No Deal’: N.J. reps want Trump-era tax cap removed

Two N.J. U.S. Reps. say they won’t agree to tax changes to pay for President Joe Biden’s $2 trillion infrastructure plan unless the cap on SALT deductions ends.

5 years ago

President Joe Biden delivers a speech on infrastructure spending at Carpenters Pittsburgh Training Center, Wednesday, March 31, 2021, in Pittsburgh. (AP Photo/Evan Vucci)
Politics & Policy

Biden announces huge infrastructure plan to ‘win the future’

The president travels to Pittsburgh on Wednesday to unveil what would be a hard-hatted transformation of the U.S. economy as grand in scale as the New Deal.

5 years ago

A person walks past the Interstate-95′s mile-long double-decked Girard Point Bridge in Philadelphia, Wednesday, Feb. 24, 2021. (AP Photo/Matt Rourke)
Money

Gov. Wolf seeks overhaul of Pennsylvania’s highway funding

Wolf proposed phasing out Pennsylvania's gasoline tax and appointed a commission to recommend alternative ways to pay for the state's needs.

5 years ago

Gov. Tom Wolf, wearing a face mask, speaks to the press from behind a podium
Politics & Policy

Pa. coronavirus update: Wolf promotes natural gas tax to boost pandemic economy

Gov. Tom Wolf is pushing a plan to prop up the pandemic economy by taxing natural gas drilling, but that proposal faces an uphill battle in the legislature.

5 years ago

President Donald Trump speaks to reporters on the South Lawn
NPR
Courts & Law

Supreme Court paves way for NY grand jury to get Trump financial records

The high court's decision marks a major setback for Trump, who for years has fought to shield his finances and business practices from scrutiny.

5 years ago

Philadelphia City Hall
PlanPhilly
Politics & Policy

Philly facing $450M budget shortfall; officials eye cuts, taxes, and privatization

After a bruising pandemic year, the city faces a steep budget shortfall. Service cuts, tax hikes, and privatization or sale of city assets are on the table.

5 years ago

The Philadelphia skyline is pictured at dusk in May 2020.
PlanPhilly
Urban Planning

Philly’s real estate tax early-bird discount canceled

This tax season, Philadelphia isn’t offering the 1% discount on real estate taxes for early payment that it has given in years past.

5 years ago

Pennsylvania Gov. Tom Wolf
Keystone Crossroads
Politics & Policy

Wolf pitches massive attempt to fix Pa. school funding inequities with income tax hike

Wolf’s fiscal plan is winning him plaudits from education advocates but few friends in the GOP-controlled legislature, who see a tax increase as a “non-starter.”

5 years ago

Pennsylvania Gov. Tom Wolf addresses the media while wearing a face mask
Politics & Policy

Wolf seeks big increase in Pa. school funding, tax increase

Under the plan for the fiscal year beginning July 1, Wolf will ask the Republican-controlled Legislature for what could approach $2 billion extra for public schools.

5 years ago

Developments on the Camden waterfront, like the American Water corporate headquarters and the 18-story Camden Tower, receive substantial local tax breaks in addition to state tax incentives. (Emma Lee/WHYY)
Money

Murphy approves $14 billion N.J. tax break program amid opposition

It is full circle for Gov. Phil Murphy, who began his tenure with an investigation into the tax break scheme started under his predecessor, former GOP Gov. Chris Christie.

5 years ago

The capital dome is seen at the New Jersey Statehouse. (Mel Evans/AP Photo)
Politics & Policy

N.J. lawmakers push through $11.5 billion tax break overhaul, to the chagrin of advocates

Full floor votes are set in the Senate and Assembly Monday – less than a week after the bill was introduced and 1 ½ years since the last programs elapsed.

5 years ago

City Council President Darrell Clarke announced the Neighborhood Preservation Initiative in Philadelphia’s South Kensington neighborhood.
PlanPhilly
Urban Planning

Philly passes first-ever development impact tax, delays abatement reductions for another year

The new revenue generated by the 1% tax on residential development is intended to send millions of dollars towards new affordable housing projects.

5 years ago

President-elect Joe Biden, right, embraces his son Hunter Biden, left, Saturday, Nov. 7, 2020, in Wilmington, Del. (AP Photo/Andrew Harnik, Pool)
Courts & Law

Hunter Biden facing federal investigation over ‘tax affairs’

Hunter Biden has long been a target of President Donald Trump and his allies, who have accused him of profiting off his political connections.

5 years ago

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