Newman’s Own

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Budget deal has plenty for Connecticut

WASHINGTON – In rare bipartisan agreement, Congress on Friday approved a massive budget deal that will increase federal spending in Connecticut, providing big boosts for the state’s defense industry and health care programs and even helping schools educate displaced students from Puerto Rico. Every member of Connecticut’s congressional delegation, all Democrats, voted for the package. Continue Reading →

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Budget deal would rescue Newman’s Own from tax problem

WASHINGTON — A massive budget agreement headed for a vote in the Senate contains a provision that would save Newman’s Own from a thorny tax problem that threatens Paul Newman’s iconic food company. “This is not a tax break for Newman’s Own. It is simply legislative permission for us to continue to exist…,” said Bob Forrester, president and CEO of the Newman’s Own Foundation. Continue Reading →

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Tax bill glitch endangers future of Newman’s Own and actor’s foundation

WASHINGTON — The Westport-based Newman’s Own Foundation was on the verge of securing a provision in the federal tax overhaul that would have spared it from an unusual 200 percent tax hike it is facing, when the Senate parliamentarian forced lawmakers to strip it out of the massive bill. That decision could result in the sale of late actor Paul Newman’s food company and significantly damage the foundation’s ability to continue to fund charities. Continue Reading →

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