Although a controversial proposed tax on billionaires appears headed for defeat in California, the idea of taxing great concentrations of personal...

The U.S. economy expanded at a 3.4% annual rate during the third quarter of 2026, the Commerce Department reported Thursday. The growth in gross...

Democrats have pledged to tackle an affordability agenda if they capture control of Congress in the November midterms. But as they plan for 2027 and...

The federal budget deficit came to $2.0 trillion in the 2026 fiscal year, the Congressional Budget Office estimated Thursday. The CBO’s final...

Fraud may be costing the federal government more than $300 billion a year in lost tax revenues, according to a new estimate from the Government...

A group of Republican and Democratic lawmakers introduced a bill Thursday that would create a federal tax break to keep movie and television...

Corporate profits may be soaring to new highs, but corporate tax payments are plunging thanks in large part to the breaks Republicans included in...

The Trump administration proposed a new rule Thursday that would revoke the tax exempt status of any private school that the Internal Revenue Service...