U.S. tax refunds were higher in the first three months of 2001 than a year earlier as an increase in the average amount returned made up for fewer taxpayers getting refunds, the Internal Revenue Service said. He'll face home detention and financial penalties. Opening a new front in the battle over the estate tax, more than three dozen African American business leaders this week plan to publicly support repeal of the tax because they say it helps widen the wealth gap between whites and blacks. It draws bipartisan vote. Measure is sent to the Senate, where it faces a stiffer test.
Major address is set for today in Michigan.
The tax bill now working its way through Congress may land on President Bush's desk carrying a provision to make it easier for employers of fewer than 100 people to set up and administer pension plans. At 53, Patrick Norman is no longer saving for retirement. Far from it. The resident of Grass Valley, north of Sacramento, is two years retired from a government post in public planning and is in the process of spending his savings.