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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

N.J. State Capitol dome in Trenton (AP, file)
NewsWorks Tonight
Politics & Policy

New Jersey thinks now might be the time to raise corporate taxes

New Jersey Senate President Steve Sweeney has put forward a proposal that would have the state’s highest-earning corporations staring at a tax hike.

7 years ago

Listen 4:39
A T-shirt catches the drip from a leaking window frame in a multi-purpose room used by children at Vare Recreation Center in Grays Ferry. The 100-year-old building is badly in need of maintenance. (Emma Lee/WHYY)
Politics & Policy

City: ‘Too soon’ to say if soda tax shortfall will hit parks & rec makeover

There will be no Rebuild without the soda tax. That’s been the message coming from Mayor Jim Kenney over the last several months

7 years ago

New Jersey Senate President Stephen M. Sweeney, D-Thorofare. (Mel Evans/AP Photo)
Politics & Policy

Top New Jersey lawmaker proposes business tax ‘surcharge’

Senate President Steve Sweeney said in a statement Tuesday his plan would imposes a 3 percent surcharge on businesses making over $1 million.

8 years ago

New Jersey Governor Phil Murphy (Julio Cortez/AP Photo, file)
Politics & Policy

Gov. Murphy sticks to tax-hike pledge at lobbying event

New Jersey Gov. Phil Murphy on Thursday redoubled his campaign promise to raise income taxes on millionaires but said such a change does not have to be permanent.

8 years ago

An aerial view of Ruokai Chen's Kensington neighborhood.
PlanPhilly
Money

Recent court ruling opens a door for homeowners to appeal tax bill

When Ruokai Chen saw his real estate taxes jump up in 2016, the actuary with a degree from the Curtis Institute of Music decided to do some digging.

8 years ago

Listen 2:40
Top administrators (from left) schools Superintendent William Hite, Managing Director Michael DiBerardinis, Sheriff Jewel Williams, and District Attorney Larry Krasner, applaud during Mayor Jim Kenney's budget address. (Emma Lee/WHYY)
NewsWorks Tonight
Education

Kenney makes school-funding plea, council reacts

Kenney says funding the school district is critical, but council members aren't thrilled about his plan to hike property taxes.

8 years ago

Listen 4:12
Philadelphia District Attorney Lawrence Krasner  (Emma Lee/WHYY, file)
Money

Philly DA Krasner calls lien over unpaid taxes an ‘oversight’

Krasner, according to city records, ignored his 2017 tax bill so long that the Philadelphia Department of Revenue took him to court to recover some $10,000 in overdue taxes.

8 years ago

Philadelphia Mayor Jim Kenney's Fiscal Year 2019 budget proposal. (Tom MacDonald/WHYY)
Education

In Philly budget proposal, Kenney calls for tax hikes to cover school deficits

As promised, Kenney's proposal would cover the school district's budget gap. The question now is how City Council members and taxpayers will react.

8 years ago

Philadelphia School District headquarters (Emma Lee/WHYY)
Education

With school deficits looming, Philly debates tax strategy ahead of new budget

Private-sector leaders want to reduce business taxes, but the school system's urgent financial needs could make that difficult.

8 years ago

Sen. Rand Paul, R-Ky., walks to the Senate chamber, at the U.S. Capitol, Thursday, Feb. 8, 2018, in Washington.(AP Photo/Jose Luis Magana)
Radio Times
Politics & Policy

What’s in the new budget deal?

Congress passed a  large-scale budget deal on Friday morning that raised the government’s spending limit by $300 billion for the next ...

Air Date: February 12, 2018

Listen 18:29
FILE - In this Thursday, Nov. 30, 2017, file photo, the sky over The Capitol is lit up at dawn  (AP Photo/J. Scott Applewhite, File)
Radio Times
Politics & Policy

How the deficit affects the economy

With all this boost in spending, and the GOP tax bill, we’ll close today’s show with ...

Air Date: February 12, 2018

Listen 17:00
California has banned a soda tax for 12 years. (Matt Rourke/AP Photo)
Courts & Law

Pennsylvania’s high court to hear appeal of Philly soda tax

Pennsylvania's highest court said Tuesday that it will hear an appeal in a lawsuit challenging Philadelphia's year-old tax on soda and other sweetened drinks.

8 years ago

A commission of Pennsylvania lawmakers and state officials is working in Harrisburg to come up with a plan to pay down the state's pension debt. (Matt Rourke/AP Photo)
Money

IFO: federal tax breaks might mean good news for Pa.’s bottom line

After a year marked by lower-than expected income and intractable budget problems, Pennsylvania's finances appear to be on an upswing.

8 years ago

Map of the state of Pennsylvania showing county boundaries and names, county seats and rivers from the U.S. Geological Survey.
Keystone Crossroads
Politics & Policy

Pa. counties call on state government to better support local public services

Pa.'s 67 counties signed on to a list of priorities they hope to achieve in 2018. But the local leaders say they cannot achieve their goals alone.

8 years ago

(J. Scott Applewhite/AP Photo, file)
Politics & Policy

Federal tax cut could mean lower power bills in Delaware

Delawareans should see lower utility bills after a state ruling that any benefit utility companies get from the federal tax cut must be passed on to customers.

8 years ago

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