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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

Gurbir Grewal, the former Bergen County prosecutor, has been confirmed as New Jersey's attorney general. He is the first Sikh in the nation to serve as a state attorney general.
Courts & Law

4 blue states sue Washington over GOP tax overhaul

New York, New Jersey, Connecticut and Maryland sued the federal government over the Republican-led tax overhaul Tuesday.

7 years ago

The sky surrounding the Statue of Liberty in New York is lit red by a firework in 2005. Nearly all the fireworks consumers will purchase this year — and 70 percent of those used by professionals — are manufactured in China. (Mel Evans/AP)
NPR
Money

For Independence Day fireworks, U.S. depends on China

Those of us who want to celebrate Independence Day with a bang are almost totally dependent on China for supplies.

7 years ago

Pennsylvania Treasurer Joe Torsella launches the Keystone Scholars program in Elk County, putting $100 in a college savings account for every child born or adopted there. Gov. Tom Wolf recently signed a law extending the program to all of Pennsylvania.
Education

New Pennsylvania college savings plan targets newborns

The purpose of providing the starter deposit is to raise awareness about the children’s savings accounts, known as 529 accounts.

7 years ago

President Trump kisses a mock-up of a 1040
NPR
Money

Trump’s new IRS ‘postcard’ is not so simple and not really a postcard

Unlike an actual postcard, this one will have to be put in an envelope to be mailed.

7 years ago

Philadelphia's City Hall Tower (Emma Lee/WHYY)
Money

Philly Council passes $4.3 billion budget, avoiding real estate tax hike

The Council president would not say whether his colleagues would vote for a tax increase in 2019, an election year.

7 years ago

Photo shows the Wayfair website on a computer in New York. (Jenny Kane/AP)
NPR
Money

With billions at stake, Supreme Court rules states may tax online retailers

States can now collect state sales taxes from online retailers on consumer purchases.

7 years ago

The cost of residential construction is high in Philadelphia, the fourth most expensive building market in the U.S.
PlanPhilly
Politics & Policy

As Philadelphia considers scrapping tax abatement, new report provides debate fodder for both sides

A new report from the real estate firm Houwzer aims to dissuade politicians from cutting the 10-year property-tax abatement on new construction.

7 years ago

This March 16, 2017 photo shows a sticker alerting customers of the sugar tax posted by sweetened beverages at the IGA supermarket in the Port Richmond neighborhood of Philadelphia.
Dave Davies: Off Mic
Politics & Policy

Kenney slams Pa. proposal to replace Philly soda tax with sales tax hike

A proposal floated in Harrisburg would replace the city's sweetened beverage levy with a increase in Philadelphia's sales tax.

7 years ago

Mayor Jim Kenney says a tax increase is inevitable to properly fund the Philadelphia School District. (WHYY, file)
Politics & Policy

Philly Council budget plan will only delay tax increase, mayor says, not prevent it

Council members would not go along with the mayor's proposed 4 percent real estate tax hike in the budget that will be put to a vote next week.

7 years ago

Johnny Doc
PlanPhilly
Urban Planning

Union leader, administration officials blast construction tax

Senior Kenney administration officials and powerful union leader John Dougherty were emphatic Wednesday about their opposition to a proposed 1 percent tax on construction.

7 years ago

Gov. Tom Wolf signing an anti-discrimination executive order in April 2016. (Courtesy of Pa. Dept. of General Services)
Keystone Crossroads
Education

After pressure from religious schools, Pa. removes nondiscrimination language from tax credit program

Should private schools that benefit from Pennsylvania’s tax credit programs adhere to the rules of the public system? That d ...

7 years ago

Listen 1:57
U.S. Commerce Secretary Wilbur Ross arrives to the Diaoyutai State Guesthouse to attend a meeting with Chinese Vice Premier Liu He in Beijing, Sunday, June 3, 2018. U.S.  (AP Photo/Andy Wong, Pool)
Politics & Policy

China warns US trade deals off if tariffs go ahead

China warned Sunday that any trade deals with the U.S. "will not take effect" if President Donald Trump's threatened tariff hike on Chinese goods goes ahead.

7 years ago

William Hampton walks between steel pipes at the Borusan Mannesmann plant in Baytown, Texas, Monday, April 23, 2018.  (AP Photo/Loren Elliott)
Politics & Policy

US to push steel, aluminum tariffs on EU, Canada and Mexico

The decision could provoke retaliatory penalties and exacerbate trans-Atlantic and North American trade tensions.

7 years ago

If a bill designed to end Philadelphia's sweetened beverage tax were approved in Harrisburg, City Council President Darrell Clarke says the city's 10 percent tax on liquor sold by the glass could also be challenged. (Tom MacDonald/WHYY)
Politics & Policy

Liquor by the drink levy could be casualty of fight against Philly soda tax

Philadelphia's 10 percent tax on liquor sold by the glass generates between $40 and $60 million a year — exclusively for city schools.

7 years ago

Philadelphia Councilman Allan Domb has proposed the city get tougher on collecting taxes from out-of-town property owners. (Tom MacDonald/WHYY)
Politics & Policy

Philly councilman wants more taxes collected from out-of-town property owners

Too many property owners are not paying their fair share of taxes, and many of them live outside Philadelphia, says Councilman Allan Domb.

7 years ago

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