News

Trump’s Tax-Cut Draft Masks the True, Giant Threat to US Debt
The cost of Republican lawmakers’ draft plan for sweeping tax cuts weighed in at $3.8 trillion over the next 10 years in one ...
Trump’s New Tax Cuts Could Shower Americans With Cash, for Now
Almost all of the cuts that Republicans hope to pass in the coming weeks will last only until President Trump is set to leave ...
What’s in Trump’s big bill? Trillions in tax cuts, changes to Medicaid and more
Republicans in Congress are moving with rapid speed to advance President Donald Trump’s big bill of tax breaks, spending cuts ...
Trump-backed tax bill would expand child tax credit, establish ‘MAGA accounts’ for kids
An expansion of the child tax credit and new “MAGA savings accounts” for children are among the proposals in President Donald ...
Federal judge won’t block Trump’s plan to use IRS data to track down undocumented migrants
A federal judge won’t block a controversial Trump administration initiative to share highly sensitive taxpayer information ...
Trump's 'big beautiful bill' would officially kill the IRS's free direct-tax filing tool
Republicans have wanted to end IRS Direct File for years, calling it wasteful and an example of government overreach.
Trump administration gets immigration win as IRS data can be shared with ICE
A federal judge this week declined to block the Internal Revenue Service from sharing highly sensitive taxpayer data with ...
Trump’s tax hike on millionaires is back on the table—but experts say it won’t make a dent in the ultra-rich
The richest sliver of Americans now own a record share of the wealth, and tweaking income taxes is unlikely to change that.