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taxes

Updated at 4:11 p.m. ET.

The Dow Jones industrial average on Tuesday briefly topped 23,000 for the first time, crossing another milestone amid better-than-expected earnings reports and concerns that stocks are approaching another bubble.

But the 30-stock index ended the day at 22,997.44, up 40.48 points.

The Dow finished above 22,000 for the first time on Aug. 2.

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Coming up: We sit down with Chuck Collins, senior scholar at the Washington, D.C.-based Institute for Policy Studies.

But first: A look at how researchers are working to preserve the world's most endangered languages -- including locally-based efforts to expand fluency of the Mohegan language

creative commons

A feud between President Trump and "Liddle Bob Corker," Republican Senator from Tennessee, is creating tension between the president and the GOP. This is on top of reports that Secretary of State Rex Tillerson called Trump a "moron." 

Jonathan McNicol / WNPR

Note: This episode contains strong language.

There are 203 ballparks currently being used by affiliated, professional baseball teams in the United States: 30 in the Major Leagues, 23 spring training facilities used by the big league clubs and their Rookie League affiliates, and 150 Minor League stadiums spread over six levels of baseball.

The last three of those 203 parks opened this season: The Ballpark of the Palm Beaches, the new spring training facility for the Houston Astros and the Washington Nationals; SunTrust Park in Atlanta, where the Braves play.

Updated at 5:00 p.m. ET

President Trump and GOP congressional leaders have outlined their plan for the most sweeping overhaul of the federal tax code in more than three decades.

They're proposing deep cuts in both individual and corporate tax rates, saying that will help supercharge a slow-growing economy.

"We want tax reform that is pro-growth, pro-jobs, pro-worker, pro-family, and yes, tax reform that is pro-American," Trump said Wednesday during a rally at the Indiana State Fairgrounds.

Connecticut’s municipalities have blasted all sides in the ongoing state budget impasse. Town and city officials spoke out after Governor Dannel Malloy issued a report claiming that state aid to municipalities has grown more than 20 percent in the last five years. 

Debora Cartagena / CDC

The American Cancer Society has blasted Connecticut Democrats’ latest budget proposal, which would raise the state’s tobacco tax, but take away money to help people quit the habit. 

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A longtime observer of Connecticut’s economy says plans to cut education grants to towns as a way of balancing the state budget could end up damaging the housing market. 

As Connecticut approaches the end of the second month without a state budget, Democratic legislative leaders say they’ll present their revised final state budget plan this week. The proposal is expected to include a controversial sales tax increase.  

Siri Stafford/Digital Vision / Thinkstock

Connecticut’s sales tax-free week goes ahead from this Sunday, despite the state’s continuing fiscal crisis. The Department of Revenue Services has estimated it will forgo about $4 million in sales tax during the course of the week.

U.S. Representative John Larson, D-CT1, announced on Tuesday that he’ll be introducing a $1 trillion infrastructure proposal when Congress resumes in September. The lawmaker says the money would be raised from a carbon tax.

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Chuck Collins is a senior scholar at the Institute for Policy Studies. He's also an author, an editor, and a child of the so-called “one percent."

This hour, we sit down with Collins. We talk about his latest book and preview his upcoming appearance in Winsted, Connecticut. 

The state of Massachusetts planned to require more internet retailers to collect sales tax starting July 1st. But the initiative has been pulled just days before it would take effect.

Under the Baker administration plan, internet retailers with sales of $500,000 and 100 transaction per year in Massachusetts would have to charge the tax.

But the state rescinded the plan after two lawsuits were filed. The Department of Revenue said it will reintroduce the tax through a new regulation this fall.

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Supporters of the Senate health care reform bill have been few and far between outside of the Republican party. But there's one important industry in Connecticut that is cheerleading for the legislation: medical device companies.

Health and Wellbeing / Creative Commons

Nobel prize-winning economist Robert Shiller says Connecticut shouldn’t be cutting taxes in order to keep corporations in the state. 

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