Ind. taxpayers to see $111 credit from surplus

INDIANAPOLIS (AP) — Indiana taxpayers will receive a $111 credit on their state income tax returns next year as the state distributes part of its budget surplus.Gov. Mitch Daniels on Wednesday announced the credit that will be $222 for couples filing joint returns. The credit represents the automatic taxpayer refund plan that Daniels pushed through the state Legislature last year.That refund kicked...

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Lawmakers urged to resolve property tax inequities

SANTA FE, N.M. (AP) — County and real estate officials urged the Legislature on Wednesday to deal with a thorny problem of property tax inequities among New Mexico homeowners, also known as "tax lightning," when taxes skyrocket on some residential property.At issue are widely varying valuations of residential property for tax purposes and continuing fallout from a more than decade-old law intended...

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Exclusive: India's fiscal deficit could reach 5.5-5.6 percent of GDP in 2012/13 - source

NEW DELHI (Reuters) - India's fiscal deficit could reach 5.5-5.6 percent of GDP in the current fiscal year that ends in March, forcing the government to borrow up to 400 billion rupees ($7.2 billion) extra from the market, a senior government official told Reuters on ThursdayJust last month, subdued tax revenue and higher spending on subsidies forced the government to revise its fiscal deficit target...

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Italy's lower house approves Monti's budget plans

ROME (Reuters) - Italy's lower house of parliament on Thursday approved a package of budget measures including a sales tax hike and a cut in some payroll taxes, aimed at helping the government reach its deficit-cutting targets.Approval was expected after Prime Minister Mario Monti's government won three confidence votes on Wednesday that it had called to speed up passage of the budget.The measures...

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Consumer sentiment stalls ahead of Black Friday

NEW YORK (Reuters) - Consumer sentiment weakened in November as the holiday shopping period was getting underway amid growing uncertainty over federal tax and spending programs next year, a survey released on Wednesday showed.The Thomson Reuters/University of Michigan's final reading on consumer sentiment came in at 82.7, a touch up from 82.6 in October but down from a preliminary reading of 84.9...

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Obama vows to press ahead on fiscal cliff solution

WASHINGTON (AP) — President Barack Obama says he'll press ahead with Congress to prevent across-the-board tax increases set to strike taxpayers Jan. 1 after House GOP leaders unexpectedly put off a vote on legislation calling for higher rates on million-dollar earners was abruptly scrapped Thursday evening.The measure "did not have sufficient support from our members to pass," House Speaker John Boehner,...

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NRA returns to public debate, to meet with media

WASHINGTON (AP) — One week after the mass shootings that killed 26 people at a Connecticut elementary school — 20 of them children — the nation's largest gun-rights lobby is returning to the spotlight as Congress prepares to consider tighter restrictions on firearms in the new year.The 4.3 million-member National Rifle Association largely disappeared from public debate after the shootings in Newtown,...

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Washington Saying Goodbye to Inouye at Memorial

Admirers will bid farewell to Democratic Sen. Daniel Inouye at a memorial service before a final trip home to his native Hawaii.President Barack Obama and Vice President Joe Biden were to be among those offering tributes during the ceremony Friday at Washington National Cathedral, along with Senate Majority Leader Harry Reid, D-Nev., and Veterans Affairs Secretary Eric Shinseki.Biden also spoke at...

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Soccer-Scottish Premier League fixtures

Dec 21 (Infostrada Sports) - Fixtures from the Scottish Premier League matches on FridayFriday, December 21 (GMT)St. Mirren v Motherwell (1945)Saturday, December 22 (GMT)Aberdeen v St. Johnstone (1500)Celtic v Ross County (1500)Inverness Caledonian Thistle v Dundee (1500)Sunday, December 23 (GMT)Kilmarnock v Hibernian (1500)Hearts v Dundee United (16...

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