Harris Embraces Biden Pledge Not to Raise Taxes on Those Earning Less Than $400,000
It looks like Vice President Kamala Harris is staying pretty close to President Joe Biden’s fiscal proposals as she seeks the White House, at least as...
Will Harris Differ From Biden on Taxes?
The next president will face a massive challenge in the area of tax policy next year, as lawmakers battle over the expiration of some key elements of...
Meet the New Trump, Same as the Old Trump
Football fans likely remember an angry postgame press conference rant by Arizona Cardinals Head Coach Dennis Green in 2006. His team had just blown a...
IRS Crackdown on Wealthy Taxpayers Yields $1 Billion So Far
In its effort to collect unpaid taxes from what it calls high-income, high-wealth individuals, the IRS has now recovered more than $1 billion, the...
SCOTUS Chevron Decision Could Make the IRS’s Job Much Harder
The Supreme Court’s decision last week to overturn the so-called Chevron rule is expected to affect virtually all federal agencies, including the IRS...
Ted Cruz Offers Bill That Would Exempt Tips From Taxes
Some fiscal experts are still scratching their heads over a proposal floated by presumptive Republican presidential nominee Donald Trump to eliminate...
The Supreme Court Rejects a Business-Backed Challenge to 2017 Tax Law
The Supreme Court on Thursday upheld an obscure tax on foreign income imposed under the 2017 tax law, rejecting a challenge by business interests that...
Trump’s Tariffs Would Cost Typical Family $2,500 a Year: Analysis
Former President Donald Trump’s twin proposals to impose a 10% tariff on all imports and a 60% levy on imports from China would raise costs for a...
Trump’s Proposal to End Taxes on Tips Could Cost $250 Billion: CRFB
Donald Trump’s proposal to exempt tips from being taxed as income would cost the federal government $150 billion to $250 billion over 10 years...
IRS Takes Aim at a $50 Billion Loophole for Wealthy Taxpayers
The IRS announced Monday that it plans to eliminate a loophole used by large, complex partnerships to avoid taxes – a move that could raise more than...