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U.S. Senate Democrats propose exit tax for inverting companies 11:28am EDT

WASHINGTON - Two Senate Democrats want to force U.S. companies to pay an exit tax on any profits held overseas if the companies decide to reincorporate abroad to cut their tax bills, the latest in a slew of proposals to stem such "inversion" deals.

Recent Politics News

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Trio of Republican 2016 hopefuls stake out positions with Syria vote

WASHINGTON - Three likely Republican White House contenders thrust the party's foreign policy divide into the spotlight with their Thursday votes and comments on a measure to arm moderate Syrian rebels.

18 Sep 2014
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Connecticut jury begins weighing charges against former governor

NEW HAVEN Conn. - Former Connecticut Governor John Rowland carried out a scheme to use a phony nursing home contract to hide his work as a paid adviser for a 2012 congressional candidate in violation of federal campaign law, prosecutors said on Thursday.

18 Sep 2014
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U.S. House Speaker Boehner bemoans notion 'I don't have to work'

WASHINGTON - U.S. House of Representatives Speaker John Boehner on Thursday expressed his dissatisfaction with a chronically high jobless rate and complained of a "very sick idea" that the unemployed would "rather just sit around."

18 Sep 2014
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Bush family member angered by Republican Senate candidate's ads in Georgia

- Neil Bush, son and brother of two former presidents, has denounced assertions in political ads for Republican Senate nominee David Perdue in Georgia that an organization founded by Bush's father funneled money to extremist groups.

18 Sep 2014
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Obama nominates Indian-American as ambassador to India

WASHINGTON - President Barack Obama nominated former State Department official Richard Verma as U.S. ambassador to India on Thursday, just ahead of a visit to Washington by new Indian Prime Minister Narendra Modi, a White House statement said.

18 Sep 2014