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Most NY school district budgets OK'd by voters

New Yorkers voting on school budgets for next year have approved nearly all of the proposals containing tax increases within state-imposed taxing limits. Full story

Survey: US service firms grew more slowly in April

A survey of U.S. service firms says the sector expanded at a slower pace in April than March, as companies reported less business activity and couldn't raise their prices. Full story

U.S. tax hikes on futures trading won't prevail: CME Group executive

(Reuters) - Proposed U.S. tax increases on futures trading would hurt liquidity and are ultimately unlikely to become law, CME Group Inc <CME.O> Executive Chairman Terrence predicted on Thursday. Full story

Fewer Pa. districts seek to exceed tax limit

Fewer Pennsylvania school districts are seeking approval to raise property taxes beyond a state-imposed rate without asking voters first, according to a state report released Tuesday. Full story

US economy accelerates at 2.5 percent rate in Q1

U.S. economic growth accelerated to an annual rate of 2.5 percent from January through March, buoyed by the strongest consumer spending in more than two years. Government spending fell, though, and tax increases and federal budget cuts could slow growth later this year. Full story

US economy likely rebounded in first quarter

U.S. economic growth likely accelerated from January through March from a near-stall at the end of 2012, propelled by a revival in housing, steady consumer spending and increased stockpiling by businesses. Full story

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Articles

NBC Politics: Ideas new and old abound in continuing search for revenue

NBC Politics: Senate Democrats offer budget plan with tax increases and spending cuts

NBC Politics: Budget battle is as much about taxes as spending

Yes, tax increases can be part of ‘real austerity’

NBC Politics: 'You got your tax increase,' Boehner tells Obama as sequester staring contest continues

Little evidence seen of U.S. interstate "tax migration" threat

U.S. payroll tax hike seen hurting charitable giving: survey

McConnell can’t define ‘tax increase’ without Norquist’s help

Don't be fooled by January pay — higher taxes ahead

Conservative Rep: No way, no how, no compromise

Video

  Boehner, Walden at odds over Obama’s budget

Roll Call’s David Hawkings, former DNC Spokeswoman Karen Finney and Indiana Republican party spokesman and former communications aide to President George. W. Bush, Pete Seat, join The Daily Rundown’s Chuck Todd to discuss Rep. Greg Walden’s stance on chained CPI.

  Dysfunction in Washington further hurts the economy

Congressional leaders say they’re trying to break the stalemate and start passing budgets – instead of living crisis to crisis – but there’s no sign of agreement on the major hurdles: entitlement cuts and tax increases. Former Sen. Olympia Snow, R-Maine, discusses.

  Will GOP accept a tax increase bargain?

Rep. Kevin McCarthy discusses the Republican Party’s desire for reduced spending and whether there’s any chance for a tax increase to be included in a budget bargain.

  Scarborough: Obama doing something with House GOP that is critical

Politico Playbook: President Obama is continuing his outreach by meeting with House Republicans, but are these steps doing anything to heal the major partisan divide in Washington? Joe Scarborough does feel the gestures are significant, and Jim VandeHei joins Morning Joe to offer more on the story.

  $1 Trillion in New Taxes

The Senate Democrats' budget includes over $1 trillion in savings through a mix of tax increases and spending cuts, with Robert Costa, National Review; Sen. Tom Coburn, (R-MD); and Jared Bernstein, Center on Budget and Policy Priorities.

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Related Photos

Gas prices are displayed in Montpelier, Vt.
Gas prices are displayed in Montpelier, Vt.

Gas prices are displayed on Friday, April 19, 2013 in Montpelier, Vt. The Vermont Senate has pulled back somewhat on a gasoline tax increase passed by the House, but has made up for that by increasing the diesel tax. In an unusual move, the Senate gave its version of a transportation budget bill pre