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Today's News
News Summary: Apple CEO grilled over company taxes
8 hours ago
DRAGGED INTO DEBATE: A Senate panel dragged Apple Inc., the world's most valuable company, into the debate over the U.S. tax code. Senators grilled CEO Tim Cook over allegations that Apple's Irish subsidiaries help the company avoid billions in U.S. taxes. TAXES OWED?: The California-based company paid $2.5 billion in federal taxes in 2011 and $6 billion in 2012. A report by the Senate panel, the Permanent Subcommittee on Investigations, estimates that Apple avoided about $3.5 billion in U.S. federal taxes in 2011 and $9 billion in 2012 by using its tax strategy.
Biden: Jewish leaders drove gay marriage changes
9 hours ago
Vice President Joe Biden is praising Jewish leaders for helping change American attitudes about gay marriage and other issues. Biden says, quote, "Think _ behind of all that, I bet you 85 percent of those changes, whether it's in Hollywood or social media, are a consequence of Jewish leaders in the industry."
Wind energy tax measure headed to final Neb. vote
10 hours ago
A plan aimed at attracting wind-energy farms to Nebraska is headed to a final vote in the Legislature. Sen. Steve Lathrop of Omaha said the bill is designed to keep Nebraska competitive with other high-wind states in the Plains that have offered tax incentives, allowing companies to lower their costs. Nebraska currently charges a sales tax on all equipment and materials used in wind-energy projects.
Senate panel approves immigration bill
10 hours ago
Far-reaching legislation that grants a chance at citizenship to millions of immigrants living illegally in the United States cleared the Senate Judiciary Committee on a solid bipartisan vote Tuesday night after supporters somberly sidestepped a controversy over the rights of gay spouses. The action sparked rejoicing from immigration activists who crowded into a Senate committee room to witness the proceedings. "Yes, we can! Si, se puede" they shouted, reprising the campaign cry from Obama's first run for the White House in 2008.
