McCormick & Co. Inc. became the latest company to announce it would use part of its newfound tax savings to invest in its employees, announcing bonuses and hourly wage increases Tuesday.

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T. Rowe Price Group Inc. grew its assets under management to nearly a trillion dollars and boosted net revenues year-over-year in its fourth quarter.

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President Donald Trump has promised to reveal the broad strokes of a plan to cut Americans’ taxes this week — a plan he says will be historic in scope. If Trump hopes to make good on that pledge, he’ll have ...

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ANNAPOLIS — A nascent Senate proposal to cut taxes in Maryland is being met with cautious optimism by some lawmakers and Republican Gov. Larry Hogan. The first hint of a possible tax cut came Monday night as state senators got ...

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Thanks to the expiration of a payroll tax cut, every working American will have smaller paychecks in 2013.

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A few government and politics headlines Monday morning.

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NEW YORK — The best way to reduce the federal deficit is through a combination of higher taxes and spending cuts, according to a group of economists. The 236 members of the National Association for Business Economics recently surveyed say ...

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ABOARD AIR FORCE ONE — The White House is insisting President Barack Obama will not extend the Bush-era tax cuts for wealthier Americans — even temporarily. Obama spokesman Jay Carney said the president has been clear in his opposition to ...

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The Baltimore City Council has approved Mayor Stephanie Rawlings-Blake’s proposed property tax cut legislation. The plan approved on Monday calls for a newly created homeowners tax credit program that the mayor’s office says would be paid for with money generated ...

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WASHINGTON — A tax cut that began last month gave consumers the biggest jump in their incomes in nearly two years. But Americans boosted their spending only slightly, a sign that many people are being cautious with their money even ...

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