Sixty years after his service in the Army, Jesse Eakin still completes his outfits with a pin that bears a lesson from the Korean War: Never Impossible. That maxim has been tested by a low-grade but persistent threat far different than the kind Eakin encountered in Korea: well water that's too dangerous to drink. It gives off a strange odor and bears a yellow tint. It carries sand that clogs faucets in the home Eakin shares with his wife, Shirley, here in southwestern Pennsylvania. The Eakins told the state environmental agency about their bad water nearly seven years ago and hoped for a quick resolution. Like thousands of others who live in the natural gas-rich Marcellus Shale, however, they learned their hopes were misplaced. read more
As House Speaker Paul Ryan (R-WI) has been rolling out his "Better Way" policy agenda, he's been promising new ideas. And the same was true when he unveiled the latest plank on tax reform, which he said offered "a new direction."
But the plan is packed full of ideas that Republicans have offered up over and over again.
The plan lowers tax rates generally, but the wealthy and corporations make off with the biggest gains. The corporate tax rate would drop from 35 percent to 20 percent. Certain smaller businesses that report income on individual returns would also face a lower tax rate of 25 percent. read more
UBS Group AG has ended a legal fight with the Internal Revenue Service, agreeing to hand over records on an American client's account in Singapore as U.S. authorities seek to move beyond Switzerland in their fight against offshore tax evasion.
The case involves information that the IRS sought on the account from 2001 to 2011 for Ching-Ye Hsiaw, a U.S. citizen living in China. On Feb. 23, the agency filed a petition asking a federal judge in Miami to force UBS, the largest Swiss bank, to produce account records on Hsiaw. The IRS said it needed the records to determine Hsiaw's income tax liabilities from 2006 to 2011.
After reaching an agreement, the bank handed over records on May 31 and June 10, the Justice Department said Tuesday in a court filing dismissing the petition. read more
A day after his blistering speech attacking Hillary Clinton's honesty, Donald Trump sat down with NBC News today where he continued to press that attack in our conversation in his New York apartment. The presumptive Republican nominee also responded to our reporting last night that found some of his claims about Clinton in that speech are inaccurate or unsupported.
HOLT: You delivered a speech yesterday, you went hard after Hillary Clinton. She says your speech was full of conspiracy theories and that you attacked her because you had no answers on substance. What is your reaction? read more
Donald Trump spoke in favor of gun rights at the National Rifle Association convention today, but security and staff at several of his prized hotels and golf courses told ABC News that guests are not allowed to carry guns there.
The Trump Organization, meanwhile, claims that's not true.
"We strongly believe in the 2nd Amendment and are against gun free zones. While laws vary substantially from jurisdiction to jurisdiction, we allow security personnel and other licensed individuals the ability to carry a firearm in an effort to protect themselves, our guests, associates and the general public," a spokesperson told ABC News by email. read more