Articles tagged: Taxes

Will Trump’s tax returns change anything?

A Q&A with Virginia Canter of Citizens for Responsibility and Ethics in Washington about the presidential audit.

Essential California: Trump tax returns to end the year

A House committee released six years of the former president's tax returns. Plus: Southwest's meltdown and the year's best great reads.

Video of Trump Insisting He Paid 'Millions of Dollars' in Taxes Resurfaces

Newly-released tax returns indicated that the former president paid far less income tax in 2016 and 2017 than he previously said.

Donald Trump’s Tax Returns Reveal Shocking Info

Donald Trump slammed the democrats after House Ways and Means Committee released six years of the former President‘s tax returns on Friday.

Unanswered questions about Trump's tax returns

After years of legal battles, pontificating and theorizing, former President Donald Trump's tax returns between ((for? from?)))) 2015 ((to?)) and 2020 are now part of the public record.

Trump’s Tax Law Echoed Through His Finances During White House Years

Returns released by House show provisions of tax code that were used

Fox News Host Confronts GOP Rep. Over Opposing Trump Tax Return Release

"Why is it that President Trump, in your estimation, should be an exception to history?" the Fox News interviewer asked Texas Representative Kevin Brady.

Opinion | Releasing Trump’s Tax Returns Was the Right Decision

Now the American people know what they had a right to know all along.

Kevin Brady on Trump tax return release: ‘This is a dangerous new precedent’

Rep. Kevin Brady (R-Texas) said on Sunday that the release of former President Trump’s tax returns during the years he ran and held office set a “dangerous new precedent.” “This is a dangerous new precedent, it overturns 50 years of protections for American taxpayers that began in the Watergate era,” Brady said on “Fox News…

Remember the hysteria over Trump's tax returns?

REMEMBER THE HYSTERIA OVER TRUMP'S TAX RETURNS? On Dec. 30, as Washington shut down for the Christmas-New Year holidays and Republicans prepared to take over the House of Representatives, Democrats on the House Ways and Means Committee, in their final days of power, released copies of former President Donald Trump's tax returns from 2015 through 2020.

Did Trump donate his salary in 2020? Tax returns don’t tell full story

Former President Donald Trump pledged to donate his salary while in office. Some news reports said his 2020 tax return suggests otherwise — but it's unclear.

Trump Organization Gets Stiffest Fine Possible in Tax Fraud Case

Donald Trump’s company was fined $1.6 million Friday as punishment for a scheme in which the former president’s top executives dodged personal income taxes on lavish...

Donald Trump Jr. Says 'Pay Your Taxes' Hours After Trump Org Tax-Fraud Fine

The Trump Organization was fined $1.6 million on Friday for its conviction on 17 counts of tax fraud and other charges.

Trump Organization ordered to pay $1.6m penalty in tax case

Donald Trump’s businesses had been convicted of what prosecutors called a ‘pervasive culture of fraud’

Donald Trump Ordered To Pay $1.6 Million In Tax Fraud Case

On Friday (January 13), a New York judge ordered Donald Trump to pay $1.6 million that two of his businesses were involved with.

Trump's company fined $1.6 million for tax fraud

A New York judge on Friday fined the Trump Organization $1.6 million for tax fraud.The Trump Organization is former US President Donald Trump's company, which

Yes, President Biden has released his tax returns

President Joe Biden resumed releasing his tax returns annually. Former President Donald Trump didn’t release his returns and also was not audited by the IRS.

Why 200 millionaires want higher taxes: Inequality is "eating our world alive"

Tax cuts enacted under President Donald Trump have allowed rich to become richer while national debt has soared.

Trump’s tax cuts paid for themselves

How many times have you heard President Joe Biden or Sens. Elizabeth Warren (D-MA) and Bernie Sanders (I-VT) berate the Trump tax cuts as “a giveaway to the rich?”

Democrats ask GAO to investigate IRS Trump audit delay

A group of House Democrats sent a letter on Thursday asking the Government Accountability Office (GAO) to investigate why the IRS failed to “adequately conduct mandatory audits” into former President Trump’s tax returns. Rep. Jimmy Gomez (D-Calif.) and 14 other Democrat representatives from the House Ways and Means committee sent a letter to Gene L.…

Kevin McCarthy Fact Checked With Trump's Massive Addition to National Debt

The former president added nearly 25 percent to the national debt during his four years in office.

Federal Revenue Did Well Under the Trump Tax Cut

Democrats are touting a GAO report as evidence that corporations don’t pay up. They’re wrong.

Trump Tax Cuts: A Refresher on What Is Set to Expire in 2025

As you file your 2022 returns and start thinking about ways to reduce future tax bills, keep in mind that key tax provisions are set to expire in three years.

In the swamp, Tax Day is payday

As I came down to Capitol Hill shortly after Trump’s election in 2016, I saw a protester march by with a sign, illustrated with an outline of the District of Columbia, proclaiming, “Don’t Drain my Swamp.”

America Letter: Joe Biden’s unremarkable tax return falls under the political spotlight

Most presidents since the 1970s have released their tax returns for public scrutiny, with the notable exception of Donald Trump

Trump Wins Big Tax Case Over His Chicago Skyscraper

For more than a decade, former President Trump and other owners of the Trump International Hotel & Tower in Chicago have sought to recoup a hefty property tax refund on the...

The Biden tax proposals that could hit baby boomer, family businesses

President Biden's effort to trim some of Trump tax cuts could make businesses owned by baby boomers and families pay.

Trump Could Win if People Vote Their Pocketbooks

Biden has a terrible record on spending, financial regulation and inflation. Perhaps that still matters.

What 2024 GOP candidates have said on tax policy

Tax policy has become a topic of discussion in the 2024 Republican presidential primary after a super PAC attached to former President Donald Trump attacked Gov. Ron DeSantis (R-FL) for previously voting for a replacement to most taxes with an increased sales tax.

Donald Trump scores rare legal win as DA drops golf course tax probe

A prosecutor has closed a multiyear investigation into whether former President Donald Trump, or his company, misled authorities to reduce taxes on properties they own in the New York City suburbs.

Trump, Taxpayers and the Supreme Court

The justices wisely agree to consider a case from the Ninth Circuit.

Biden's Wealth Tax Faces New Threat

A lawsuit challenging a Trump-era tax provision could thwart the Democrats' hopes of imposing a federal wealth tax on American billionaires.

Trump Supporters Want More Direct Payments

Exclusive Newsweek polling shows that nearly half of Trump's supporters want Congress to reinstate the child tax credit.

Will slap reciprocal tax on India tax if voted to power, says Trump

During his first term as the US president, Donald Trump had described India as a “tariff king” and in May 2019, terminated India's preferential market access to the United States

Donald Trump 2024 US poll bid proposes ‘harsher’ tax, trade policies with India

Donald Trump and his advisers are mapping out an economic agenda with harsher trade policies and deeper tax cuts if he returns to the White House, stirring anxiety within the US business community of potential retaliatory measures.

Tariff Man is coming for your wallet, again

One of Trump's dumbest economic ideas is getting even worse.

Judge asked to decide if Trump property valuations were fraud or "genius"

New York Attorney General Letitia James has accused Trump and others of systematic fraud and is suing the Trumps and the Trump Organization for $250 million.

IRS contractor charged with leaking tax return info on Donald Trump

A 2020 New York Times report found the ex-president paid 750 dollars in federal income tax the year he entered the White House.

Trump Tax Returns Leaker Identified and Arrested

An individual in the United States, Charles Littlejohn, has been formally charged with the unauthorized disclosure of tax information.

Rudy Giuliani owes nearly $550K in unpaid taxes, IRS says

Former Trump attorney Rudy Giuliani owes more than half a million dollars in federal taxes and faces a lien on a property he owns in Florida, according to a...

Trump knowingly inflated the size of his penthouse to secure loans, former finance chief says

Donald Trump signed a document 30 years ago that gave the true size of his New York penthouse, which was later listed as far larger on his financial statements, according to evidence shown Tuesday at the former president's civil business fraud trial.

Trump fraud trial: Allen Weisselberg grilled on financial report discrepancies

Prosecutors questioned former chief financial officer about the value of Trump’s triplex apartment in Trump Tower

Trump fraud trial live updates: Allen Weisselberg testifies

The latest news and live updates on Donald Trump’s civil fraud trial. The former president is being sued for $250 million.

Leaker of Trump taxes worked for Biden donor that just won a big new IRS contract

The Internal Revenue Service recently awarded a lucrative contract to help modernize its computer databases to the same Washington firm, Booz Allen Hamilton, that employed the man who pleaded guilty last week to stealing and leaking thousands of private tax returns of wealthy Americans, including former President Trump, according to records reviewed by RealClearInvestigations.

Why Trump Is Right About Tariffs

Taxing imported goods is unpopular with economists, but it could help the U.S. lower the trade deficit, strengthen its industrial base and safeguard national security.

Mar-a-Lago was only worth $27M despite Trump Org. claiming $517M to gain edge: trial evidence

Donald Trump’s tax broker was forced to admit to authorities in 2020 that Mar-a-Lago had a market value of just $27 million — not the $517 million claimed in other documents, trial evidence revealed Monday.

Donald Trump's plans if he returns to the White House include deportation raids, tariffs and mass firings

With less than a year until Election Day, Trump is dominating the race for the Republican nomination and has already laid out a sweeping set of policy goals should he win a second term.

Here is what Trump plans to do if he returns to the White House

Donald Trump is already laying a sweeping set of policy goals should he win a second term as president.

Trump's plans if he returns to the White House include deportation raids, tariffs and mass firings

A mass deportation operation. A new Muslim ban. Tariffs on all imported goods and "freedom cities" built on federal land.

Tax Cuts and Jobs Act doesn’t have built-in tax increases

The Tax Cuts and Jobs Act of 2017, a tax reform law signed by Trump, does not include yearly income-based tax increases like viral social media posts suggest.

Wall St Week Ahead-Battle for White House comes into sharper focus for Wall Street

Investors fixated on earnings and monetary policy are starting to factor in another variable that could sway markets this year: the 2024 U.S. presidential election. In his State of the Union address on Thursday, U.S. President Joe Biden proposed raising corporate taxes, whereas his opponent, Republican candidate Donald Trump, signed a 2017 law that slashed taxes on companies and the wealthy.

Here's what Trump's proposed tariffs could mean for your wallet

Former President Donald Trump has renewed his support for higher tariffs on the campaign trail. Here's how those taxes could affect Americans consumers.

Nostalgic for the Trump years? That’s because his draconian budget cuts never passed.

Trump wound up managing a country with a Republican approach to taxes and a Democratic approach to spending.

The 2025 tax fight driving billionaires to support Trump

Nelson Peltz apologized for supporting Trump after Jan. 6. Now he's fundraising for the former president. The reason he and so many billionaires may have fallen back in line? Taxes.

Trump 'open' to slashing taxes that fund Social Security and Medicare: report

Former President Donald Trump is toying with the idea of promising a large tax cut for the middle class as part of his 2024 re-election campaign — and one way he might do it is to raid the funding for Social Security and Medicare.According to Gram Slattery of Reuters, "Donald Trump has indicated to ...

Trump's 2025 policies could spur inflation. The debate is by how much.

Donald Trump's agenda includes a range of policies that could create new inflation pressures in the years ahead. The emerging debate among economists is exactly what those price effects would be.

Trump’s tariffs-only tax plan is brilliant politics

Donald Trump recently floated a tax plan that would abolish the income tax and raise tariffs on foreign goods. It's a brilliant political strategy.

'Con artist': Experts scoff at Trump's latest economic promises

Former President Donald Trump is attempting to reinvent himself in the 2024 cycle by embracing economic populism. But Democrats are warning voters not to be taken in, pointing to his past record of empty promises.According to a Semafor report Friday, Trump's promise to eliminate taxes on tips for wo...

He was ‘meandering’

Trump offered scant details on how he would reduce taxes and cut back on business regulations, according to two people in the room.

Mike Pence group launches $10 million campaign to preserve Trump-era tax cuts

Former Vice President Mike Pence’s foundation is launching a $10 million campaign to preserve the Trump-era tax cuts.

Don’t count on any more Trump tax cuts

Tax hikes, not cuts, may be needed during the next presidential administration to deal with massive amounts of debt neither party can control.

Trump is keen to lower corporate taxes. Not all his GOP colleagues are on board.

Republicans are far from unified when it comes to what to do about the 21% federal corporate tax rate if they control Washington next year.

Trump tax cuts not a guaranteed jolt to the markets: Wall Street pros

Tax cuts are a critical issue for the markets in this upcoming presidential election. The evidence of this played out in the bond market this past week.

Trump wants to stop taxing Social Security benefits. Here’s what that could mean for seniors

A few weeks after promising to eliminate taxes on tips, former President Donald Trump has unveiled a second proposal for targeted tax relief. The beneficiaries this time would be senior citizens, an influential voting bloc.

Trump and Harris advocate for ending taxes on tips: What are the challenges?

Harris’s campaign clarified that her proposal would require congressional approval and include income limits and safeguards to prevent misuse by high-income professionals.

Both Trump and Harris want to eliminate taxes on tips. This is how it could affect workers

With the presidential campaign heating up, both former President Donald Trump and Vice President Kamala Harris are making a play for service and hospitality workers’ votes by promising to eliminate taxes on tips.

Bibles, cryptocurrency, Truth Social and gold bars: A look at Donald Trump’s reported sources of income

The details come from documents filed by Trump as part of his Republican presidential bid that were released Thursday night

Harris aims to blunt Trump’s economic attacks by proposing new tax breaks in a bid to lower costs

Overall, the plan represents a continuation of many Biden administration priorities but with a pronounced shift in emphasis from job creation and infrastructure and to matters more closely tied to easing the cost of living

Trump Proposes Tax-Free Tips in Las Vegas Amid Harris' Campaign Surge

Donald Trump announced plans to eliminate taxes on tips during a Las Vegas stop, attempting to shift focus from personal attacks on opponent Kamala Harris. His new policy aims to appeal to Hispanic voters in Nevada. Despite this, Harris continues to gain attention and leads in key battleground states.

Trump plan has steep price tag

Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story  Trump plan has $4 trillion price tag: analysis Former President Trump’s spending and tax proposals could add more than $4 trillion to the nation’s deficits over a decade, according to an analysis released Monday. © AP…

Here’s How Donald Trump Aims to Support Families Using Insurance: "We Want More Babies"

"We will also allow new parents to deduct major newborn expenses from their taxes," Donald Trump said.

Trump's Child Care Fix: Economists Skeptical Amid Tariff Plan

Former President Donald Trump claims addressing high child care costs would be relatively inexpensive compared to tax revenue from proposed tariffs on foreign goods. Economists are skeptical of this approach, and Democrats argue that higher tariffs would increase consumer prices. The conversation highlights ongoing debates and proposals around federally funded child care programs.

Trump's Proposal to Eliminate Overtime Pay Taxes If Elected

Republican U.S. presidential candidate Donald Trump announced a plan to eliminate taxes on overtime pay as part of a broader tax cut package if elected. The proposal aims to support blue-collar workers, but has sparked controversy and comparisons to previous administrations' policies. The impact on government revenue is uncertain.

Trump says he will end all taxes on overtime pay in first post-debate rally

Former President Donald Trump said during a campaign rally Thursday that he would eliminate taxes on overtime pay if he wins a second term in November.

Trump says he would push to end taxes on overtime pay

Former President Donald Trump on Thursday said he would push for legislation that would end taxes on overtime pay if he wins a second term.

Trump Proposes Tax-Free Overtime Pay in Campaign Promise

Republican presidential candidate Donald Trump announced his intent to eliminate taxes on overtime pay as part of a broader tax cut plan. Speaking at a rally in Tucson, Arizona, Trump pledged that overtime hours would be tax-free if he wins the upcoming election. He also reiterated his commitment to other economic reforms.

Commentary: Trump’s tariffs would be worse than Biden’s inflation

Voters almost never support candidates who promise to raise their taxes. Yet that's exactly what Donald Trump says he'll do.

Trump is promising new tax breaks for millions of Americans. Will his tariffs cover the costs?

Former President Donald Trump has unveiled a flurry of proposed tax cuts aimed at seniors, homeowners, tipped workers and more.

Kamala Harris, Donald Trump Plans for Housing, Child Care, Taxes Compared

For many voters, housing, childcare and taxes are deal-breaker issues. Here's a rundown of what each has said.

GOP senator eyes health care overhaul and extending Trump tax cuts in one big 2025 bill

Republicans could pass both a health care overhaul that would replace Obamacare and extend Trump tax breaks in one bill if they win Congress and the White House.

US national debt could rise under Harris - but would surge under Trump - report

The Committee for a Responsible Federal Budget found a second Donald Trump presidency could heap billions of dollars more onto the US national debt.

Trump, Dems pound SALT deduction, but it didn't raise taxes

The damage supposedly done by the SALT cap has been grossly misrepresented by New York politicians in both parties: federal income taxes on New York residents dropped by $3.4 billion in the law's first year.

Expert: Analysis shows Trump tax plan "taking money" from bottom 95% and "giving it" to richest 5%

"An enormously redistributive tax plan from low- and middle-income families to the wealthiest Americans."

How Donald Trump and Kamala Harris want to change your taxes

Taxes are a key issue in any presidential election. PolitiFact breaks down the plans from Republican Donald Trump and Democrat Kamala Harris.

Trump promises new tax relief for car loan interest and citizens living abroad

Former President Donald Trump unveiled yet another set of targeted tax break proposals on Thursday, doling out more promises of relief as Election Day draws ever closer.

Trump Proposes Tax Break for Domestic Cars

During a campaign stop in Greensboro, North Carolina, Republican presidential candidate Donald Trump announced a plan to make interest on car loans fully tax deductible, provided the vehicle is manufactured in the United States. This proposal aims to boost domestic car production and support American jobs.

Trump floats ending the federal income tax. Here’s what that would mean

After promising to eliminate taxes on tips, Social Security benefits and overtime pay, former President Donald Trump is taking aim at the largest levy of them all — the federal income tax.

Inside The Disaster Trump’s Signature Heaped On The IRS

Documents obtained by HuffPost show the agency spent several days accommodating the former president’s effort to take credit for COVID-era payments.

Trump tariff could cut American spending by $78 billion

The coast of a toaster oven, athletic shoes, and even a mattress could skyrocket

Steve Madden says it will cut production in China to avoid Trump tariffs

The footwear- and accessory-maker says it already has a plan in place to reduce its reliance on imports from China.

Trump win puts global corporate tax deal ‘in peril’

Experts believe that countries will now be unlikely to apply rules over fears of retaliation from Trump-led administration.

Here are Morgan Stanley’s top picks with over 50% upside potential

The sustainability theme faces an uncertain future under President-elect Donald Trump, but Morgan Stanley has named a number stocks with major upside.

How to invest $500,000 for the year ahead, according to 2 wealth managers

One wealth manager also suggested how investors could capitalize on President-elect Donald Trump's policies.

Tariffs, Threats, and Traditions: A Complex Thanksgiving for the US

Recent U.S. news includes Mexico’s President Claudia Sheinbaum’s conciliatory call with President-elect Trump, bomb threats against Democratic lawmakers, and Biden's hopes to avert tariffs. Other stories covered protests at the Macy’s Thanksgiving Parade and potential federal takeover of New York City’s Rikers Island jail.

How Much Did Trump Spend on Hair Transplants? Celebrity Plastic Surgeon Reveals The Astonishing Amount

Trump claimed $70,000 tax deductions for hair care expenses while filming his hit reality show 'The Apprentice'.

Trudeau fails to crack down on financial crime even when faced with Trump’s tariff threat

Ottawa must close the yawning gap between the U.S. and Canadian anti-money-laundering and anti-terrorist-financing regimes

Billionaire Investor Bill Ackman Thinks 2 Stocks Could Soar Roughly 900% Under the Incoming Trump Administration

President-elect Donald Trump has made many investors bullish on the market, which has been on an incredible two-year run. Not surprisingly, billionaire investor Bill Ackman, a vocal Trump supporter, is all aboard this train. Ackman and his fund Pershing Square Holdings have delivered extraordinary gains over the last five years.

Trump’s tariff proposals might stop a lot of tech spending.

As reported by TechCrunch:

Trump leans into his pledge to eliminate taxes on tips at a Las Vegas rally

LAS VEGAS (AP) — President Donald Trump came to Las Vegas on Saturday to crow about his campaign promise to eliminate taxes on tips, signaling to allies in Congress the importance of the policy but stopping well short of offering details for making the slogan a reality.

Trump repeats pledge to ending taxes on tips, a costly proposal whose details remain scant

President Donald Trump took a victory lap in Las Vegas on Saturday, basking both in his presidential victory in Nevada last year and the rapid-pace action of his first week in office.

Trump's Tariffs Ignite Oil Price Surge in U.S.

U.S. consumers face rising gas prices from President Trump's tariffs on Canadian and Mexican oil. Higher costs for refined fuels may conflict with Trump's inflation promises. Midwest and Gulf Coast refineries are affected, with potential price hikes impacting consumers nationwide, especially on the East Coast.

Trump’s China tariffs are shutting the big loophole that make Shein and Temu so cheap

When President Trump pushed ahead with a 10% tariff on all Chinese merchandise, he also closed the century-old de minimis exemption, which allows packages worth under $800 to be shipped into the country duty-free.

Trump advocating to close carried interest tax loophole, Axios reports

The White House outlined its tax priorities in a meeting with House GOP leaders on Thursday, a White House official tells Axios. Trump is advoca...

The real reason Trump is quickly imposing tariffs

The president is hoping to raise revenue from new tariffs. He’s banking on this money to help plug a budget hole from his promised tax cuts.

Trump Plans Major Tax Overhaul with Congressional Republicans

Donald Trump announced plans to collaborate with Republicans to reduce taxes for individuals and companies. Proposals include eliminating taxes on tips, Social Security, and overtime, and allowing full expensing of investments in domestic factory construction.

The crypto president has some ideas for your tax dollars

When President Donald Trump addresses the nation from Capitol Hill on Tuesday, he’ll get the first opportunityto sell Americans and Congress on his new proposal unveiled Sunday in a pair of social media posts more than an hour apart, that the US needs to create a strategic reserve of cryptocurrency.

Trump places 25% tariff on imported autos, expect to raise $100 billion in revenue

President Donald Trump said Wednesday he was placing 25% tariffs on auto imports, a move the White House claims would foster domestic manufacturing but could...

Trump's Policies Rock US Political and Economic Landscape

Recent US news highlights include the Senate's approval of tax cuts, Trump's stance on economic turmoil, a top State Department appointment, pending Supreme Court decisions, and widespread protests. Tariffs have sparked global trade talks, while legal and security issues within the US continue to unfold under Trump's administration.

Can Trump or the IRS strip Harvard of its tax-exempt status? Here's what to know.

President Trump has suggested stripping Harvard of its tax-exempt status, a step that experts say would be unusual and face legal challenges.

Donald Trump Reacts to Republican Debate Over Millionaire Tax Increases

Trump and GOP lawmakers have weighed raising taxes for some of the country's wealthiest to offset their broader tax proposal.

Liverpool win 20th English title and send Postecoglou close to exit

The hammering only shoved Ange Postecoglou ever closer to the Spurs exit door; Donald Trump floats new income tax cut in bid to ease tariffs bite. Follow live updates.

Pass the tax-slashing budget bill fast

President Trump met with Speaker Mike Johnson on Monday to discuss the budget reconciliation bill, which would make his 2017 tax cuts, set to expire at the end of the year, permanent.

Republicans Sneak Nonprofit Killer Bill in Tail End of Trump’s 389-Page Tax Plan

It would give the Trump administration the power to strip the tax-exempt status of any nonprofit it deems a “terrorist-supporting organization.”

Republican tensions escalate to a boiling point on 'SALT' tax fight in Trump's big bill

House Republicans are locked in a tense standoff over how to tackle SALT, a sticky issue that could make or break the party's big bill for Trump’s agenda.

Trump's Tax Bill Stumbles in Congress Amid Internal GOP Conflicts

President Trump's tax bill encountered an obstacle in Congress as hardline Republicans, insisting on further spending cuts, blocked its progress. The bill's potential to increase the federal debt strained its passage, prompting a credit downgrade from Moody's. Congressional divisions continue to challenge Trump's legislative agenda.

Key GOP holdout on Trump's 'big, beautiful bill' calls for deeper cuts to Medicaid, 'Green New Deal' spending

A key House Republican holdout on President Trump's "big, beautiful bill" to provide tax cuts, border security, defense spending and green energy clawbacks is still calling for deeper spending cuts to chip away at the national debt -- as the legislation heads for a critical vote Sunday.

Nonprofit leaders say they are bracing for potential targeting by the Trump administration after a controversial tax measure advances in Congress

A House measure that would make it easier to yank the tax-exempt status of nonprofits that the Trump administration deems as supporting terrorism marks the latest effort by the president and his Republican allies to hobble organizations that oppose his agenda, some nonprofit leaders argue.

Republicans Scramble to Revive Tax Cut and Border Security Bill

Republicans seek to revive a tax cut and border security bill after a committee rejection, led by Speaker Mike Johnson. With deficit concerns, GOP aims to address Medicaid work requirements. Former President Trump urges party unity. The bill risks adding $3.3 trillion to the national debt.

Republicans are being torn apart by Trump’s ‘big beautiful’ tax bill

Tensions between the ‘country club’ and ‘country music’ wings of the party have erupted in debates over a tax bill that Congress and the president need to pass.

House Republicans pass Trump’s big bill of tax breaks after all-night session

The outcome caps an intense time on Capitol Hill, with days of private negotiations and public committee hearings around-the-clock.

Trump administration live updates: Supreme Court allows Trump to fire certain independent agency officials; Trump to host meme coin investor dinner

Live updates and the latest news as the House passes the sweeping GOP agenda bill. including tax and Medicaid cuts and a SALT increase.

U.S. Bond Yields Spike Amid Fiscal Concerns and Trump's Tax Bill Impact

U.S. bond yields hit a 19-month high, driven by fiscal concerns and President Trump's tax bill. The bond market saw soft demand, with 20-year bond sales sparking fears over U.S. debt. Stock markets experienced mixed results, and the U.S. dollar gained amidst global economic uncertainty.

Trump’s new bill threatens major tax increases for Canadian companies

If it becomes law, the bill will override the Canadian-U.S. tax treaty that has been in place since 1942

State's leaders are the cause of our high cost of living

Also: Radio station | Tax bill | Ludicrous behavior | Trump supporters | Racial classifications. East Bay Times reader letters to the editor for June 1, 2025.

What key GOP senators want to change in Trump's House-passed "one big beautiful bill"

The bill containing Trump's tax cuts and border and defense spending is expected to face some hurdles in the Senate.

Musk calls Trump's tax bill 'a disgusting abomination'

Musk calls Trump's tax-cut and spending bill 'a disgusting abomination'

Elon Musk calls Donald Trump-backed tax bill a 'disgusting abomination'

Elon Musk's comments come days after he abruptly left his government role in the White House.

Elon Musk, hardline U.S. Republicans demand changes to Trump tax and spending bill

Opponents are pushing for deeper reductions in government outlays after the CBO estimated the bill would add about US$2.4-trillion to U.S. debt

The GOP's massive bill would benefit the rich the most -- while hitting the poor

The top 10% of earners in the U.S. would see the biggest gains under the GOP tax and spending package, according to congressional forecasters, but those at the bottom of the income ladder would be worse off.

Consumer sentiment improves more than expected as Trump rolls back tariffs

The swell of optimism ended six straight months of worsening attitudes.

Tax Breaks: The New Chapter Is Beginning At The IRS Edition

Plus: A new IRS commissioner, update on the Big Beautiful Bill Act, the jock tax, donating clothes to charity, IRS efforts to thwart identity theft, filing deadlines, tax trivia, and more.

Exporting the Oligarchy

As US income taxation comes under threat, and as the effects of US policies are exported abroad, the concentration of wealth could accelerate worldwide. But it is not too late for other countries to step in and halt the globalization of plutocracy.

The Trump family just got into the phone business. Here's what we know about how the president makes money

Donald Trump's annual financial disclosure shows he made more than $600 million last year.

Republicans stick to July 4 deadline to pass Trump's megabill

GOP senators are still ironing out the final details of their version of the sweeping legislation. Taxes will be in the spotlight

5 takeaways from the Senate bill with Trump's tax cuts

Trump campaign promises for no taxes on tips and overtime pay are still in, with limits. The child tax credit got a modest increase

Don’t expect a rate cut

Plus: The art of the (tax) deal.

The Fed Didn't Cut Rates, But Your Credit Card's APR Could Still Change. Here's What You Need to Know

Tariffs may be unpredictable, but you definitely need to tackle your credit card debt sooner rather than later.

Exclusive-Fed's Barkin: No rush to cut, can't dismiss inflation risks from tariffs

WASHINGTON (Reuters) -Richmond Federal Reserve President Thomas Barkin said on Friday there's no rush to cut interest rates given the still-unresolved risk...

The Tax Scammers, Con Men, And Thieves, Oh My! Edition

Plus: Missing precious metals, stolen Treasury checks, staking and cryptocurrency, syndicated conservation easements, SALT deduction, tax trivia, and more.

Canon USA Increases Prices In Response to Trump’s Tariffs

Canon has joined many of its peers in increasing prices in the United States, with many products now costing several hundred dollars more than before. [Read More]

Philips Hue smart lights getting more expensive thanks to new tariffs

Philips Hue price increase begins July 1 due to new Trump tariffs. Smart home, gaming, and chip sectors all feeling the pressure.- The post Philips Hue smart lights getting more expensive thanks to new tariffs appeared first on Phandroid.

Trump Kills Trade Talks With Canada After It Hits U.S. With Digital Services Tax

The president is not happy with a new 3% tax on companies like Meta.

Canada's Digital Services Tax To Stay In Place Despite G7 Deal

An anonymous reader quotes a report from Bloomberg: Canada is proceeding with its digital services tax on technology companies such as Meta despite a Group of Seven agreement that resulted in removing the Section 899 "revenge tax" proposal from U.S. President…

'A graveyard of companies': Climate tech startups are feeling the heat from Trump 2.0

Climate tech founders in the US say they're pivoting to new markets in light of Trump's tax credit cuts.

Silicon Valley Is Cashing Its Check After Backing Trump

Turns out the investment paid off.

Elon Musk Launches a Scathing New Attack on Trump’s “Big, Beautiful Bill”

Just hours before the Senate is scheduled to vote, the tech mogul warns the bill will "destroy millions of jobs" and put America "in the fast lane to debt slavery."

Republicans Keep Making Trump’s ‘Big Beautiful Bill’ Worse

Senate Republicans have started the process of passing Trump’s big bill, which will cut taxes for the rich and slash $930 billion from Medicaid

What is Canada’s digital tax and why is Trump killing trade talks over it?

Trump says Canada's new tax will cost US companies billions; he will announce new tariffs on Canada within days.

Will The ‘Beautiful’ Bill Increase The Deficit?

There is a good chance that the Senate passes President Trump’s budget, which according to the independent (CBO) will swell the deficit by close to USD 3trn.

Senate Republicans vote to advance Trump’s ‘Big, Beautiful Bill’

The US president's sweeping tax cut and spending bill clears first hurdle in the Senate.

The Millionaire Exodus Myth

Millionaires are not fleeing countries to escape taxes.

Trump’s NASDAQ Up 5.2% In First Half After Biden’s 18% 2024 Pop

Tariffs, uncertainty, and inflation crimped stocks in first half of 2025 after AI frenzy and strong earnings sent Nasdaq up 18% in 2024. Bet on companies Trump favors.

Trump criticizes Tillis over 'big, beautiful bill'

United States President Donald Trump criticized Senator Thom Tillis, saying that it looked like he "wants to tell the nation that he’s giving them a 68% tax increase, as opposed to the biggest tax cut...

UBS Reiterates Price Target for PayPal Amid New TPV Category Breakdown

PayPal Holdings, Inc. (NASDAQ:PYPL) ranks among the best fundamental stocks to buy according to hedge funds. On June 23, UBS maintained its $75 price target ...

Trump DHS links data for new citizenship tracking tool. And, Senate discusses tax bill

The Trump administration is developing a searchable national citizenship data system, worrying some officials. And, the Senate focuses on the sweeping Republican tax and spending bill.

The 3 Billionaires Dominating Our Economy (and Our Wallets)

It's wild, but true -- a few rich men largely control the U.S. economy. Three billionaires have incredible sway over economic conditions, but for largely...

Senate races toward final vote on Trump's megabill after weekend of debate, drama

The Senate is plowing ahead toward a final vote on President Trump's sweeping tax and immigration bill, as Republicans rush to get it across the finish line by July 4.

Polls show Americans largely oppose Trump's 'One Big Beautiful Bill'

Polling taken across the past month shows that Americans largely disapprove of the "One Big Beautiful Bill" – but are more split on some of its provisions.

Some people who will feel the effects of Trump's megabill

As Republicans sprint to pass Trump’s megabill, we talked to Americans poring over the bill’s hundreds of pages and trying to determine how it might change their lives.

The Republican tax bill, explained in 500 words

Republicans are barreling ahead to try to pass President Donald Trump’s “one big, beautiful bill” — legislation that somehow manages to combine massive fiscal irresponsibility with devastating spending cuts. The bill would keep the “Trump tax cuts” originally…

US Senate begins debate on Trump’s ‘Big, Beautiful Bill’

Forecaster says the bill would cut health cover for 11.8 million people and increase deficit by $3.3 trillion.

The GOP's massive bill would add trillions of dollars to the country's debt

The GOP tax cut and spending bill passed by the Senate this week is expected to add trillions of dollars to the federal debt over the next decade. The savings would mostly go to top earners.

These Senate changes to Trump's agenda bill could be sticking points in House

All eyes are now on the House after the Senate narrowly passed a major tax cut and spending bill that is the centerpiece of President Donald Trump's agenda.

What Trump’s massive bill would actually do, explained

Republicans are close to passing President Donald Trump’s so-called One Big Beautiful Bill, which will cut taxes, slash programs for low-income Americans, ramp up funding for mass deportation, and penalize the solar and wind energy industries. Oh, and it adds…

Congress passed no tax on tips in Trump's 'big, beautiful bill.' Here's how it works

Congress passed the tax cut and spending megabill with President Trump's legislative priorities which includes new tax exemptions for tipped hourly workers. But how will it work?

4 ways Trump's 'Big Beautiful Bill' could impact your wallet

The "Big Beautiful Bill" is set to become law. Here's what it means for taxes, Medicaid, student loan forgiveness, and more.

When will you feel the effects of Trump's megabill?

The cuts from the federal spending bill will affect millions of Americans, particularly vulnerable populations. But some of those impacts won't be felt for some time.

Apple to reveal tariff-stricken Q3 results on July 31

Apple is set to detail earnings for the third fiscal quarter of 2025 on July 31 in an investor call, though all eyes will be on how unstable tariff policies have impacted the company.Apple to reveal earnings for Q3 in July. Image source: AppleApple's Q3 tends…

They’re Fighting Polluters. Trump’s Tax Bill Guts Their Funding

Across Louisiana, communities are bracing for the tax bill’s massive cuts to critical funding for local community organizing and resilience

Will Trump’s ‘Big Beautiful Bill’ help grow the US economy?

Donald Trump says his sweeping tax cuts will grow the economy. But, critics say the bill will increase national debt.

'Selling' the megabill: Republicans tout taxes, Democrats point to Medicaid cuts

Republicans see a lot to celebrate, but Democrats are hoping to build momentum leading into the 2026 midterms.

Trump to sign sweeping tax and spending bill into law

A signing ceremony at the White House on Friday afternoon will kick off celebrations for 4 July.

Trump Signs Bill to Kick Millions Off Health Care Into Law

Donald Trump has signed the so-called “Big Beautiful Bill,” which will cut taxes for the rich at the expense of Medicaid, into law.

Trump claims victory as he signs controversial budget and tax bill into law

The bill extends tax cuts, slices welfare programmes and surges immigration funds in a victory for Trump's agenda.

When will Trump’s ‘Big Beautiful Bill’ take effect? Here’s what comes next

Donald Trump’s bill will raise top-tier wealth, erode healthcare for poor people and raise the deficit by $3 trillion.

Don’t rely on Medicaid? Tax bill will drive up costs to your healthcare too

Changes to the Affordable Care Act Marketplace will result in premiums increasing by an avg of almost $1,300 annually.

Dollar holds firm against euro, yen as US trade pressure mounts

The dollar strengthened following President Trump's tax cut bill approval and growing pressure for U.S. trade deals. A robust U.S. jobs report diminished expectations of imminent Federal Reserve rate cuts, boosting the greenback from previous lows against the…

These 26 Rich Private Colleges Just Got A Tax Cut From Republicans

While 11 schools, including Princeton, MIT, Yale and Harvard. were hit with a higher tax on their endowments, Congress exempted wealthy small schools, including Swarthmore, Amherst, Hillsdale and CalTech, from the levy.

One Big Beautiful Bill & Job Growth Send Stocks To New Highs

Better-than-expected job growth and passage of tax cuts propelled stocks to all-time highs. President Trump’s July 9 tariff deadline should be the focus this week.

Tax Breaks: The Hot Dogs, Fireworks And Taxes Edition

Plus: The One Big Beautiful Bill Act, fireworks and tariffs, changes in store for stablecoins, hot dogs, Congressional polls, filing deadlines, tax trivia, and more.

New Trump Tax Law Kills Off MGM & Caesars Rewards In 6 Months—Gamblers Will Owe Taxes Even When They Lose

Just before it was voted on, one provision was discovered that made it into the final bill that will kill off casino loyalty programs like MGM Rewards and Caesars Rewards: recording your gambling transactions is going to mean a bigger tax bill, even when you …

Social Security no taxes message on Trump bill raises eyebrows

Big Beautiful Estate Plan: Impact Of The Big Beautiful Bill (OBBBA)

The Big Beautiful Bill (OBBBA) modifies scores of tax laws and every taxpayer will be effected. Estate planning will remain important and should not be ignored.

Prime Day 2025: The Deals Are Here, but Beware of Looming Tariffs

Amazon's big annual sale officially kicks off Tuesday, but Prime members can find great deals now before any potential price hikes.

Tesla short sellers set to pocket about $1.4 billion in profits after stock slump

The company's shares slumped 7.5% in early trading after Musk's political move, which followed an open feud with Donald Trump over the U.S. president's tax...

Apple's tariff woes continue in Trump's letters to world leaders

President Donald Trump has started to send letters to world leaders announcing new tariff rates for countries without a U.S. trade deal, some of which affect countries where Apple manufactures its products.Tim Cook [left], President Donald Trump [right]In Apr…

Brazil's Lula warns of 50% tariffs on U.S. goods after Trump trade threat

Brazil's President Lula is firing back at Trump's 50% tariff threat — saying Brazil is ready to match any U.S. import taxes, dollar for dollar.

Prepare For A New Dodgy Trump-Era Tax On Netflix And Other Streaming Services

Two weeks ago the Supreme Court rejected an effort by a dodgy right wing activists to destroy an $8 billion FCC program that connects poor and rural communities to the internet. The plaintiff in the case, a fake right wing “consumer group,” had tried to argue…

Bombshell: Denaturalized Citizen Forced To Exit, Can’t Escape Exit Tax

Can naturalized Americans whose citizenship is revoked be subject to U.S. exit tax expatriation rules? Involuntarily giving up U.S. citizenship, but still taxed.

Tax Breaks: The Sorting Out The One Big Beautiful Bill Act Edition

Plus: A famous soccer coach is sentenced to prison for tax fraud, filing an amended tax return, smoking rates and sin taxes, filing deadlines, tax trivia, and more.

Questions About The New Tax Bill? Taxgirl Has Answers

New deductions for seniors, tipped workers and overtime, plus a tax hit on gamblers, have generated confusion, misinformation and outrage.

How Trump’s Big Beautiful Bill Stiffed Tipped Workers

Several of President Donald Trump’s key campaign promises were written into the new Republican law which slashes federal benefits and implements tax breaks for primarily higher-income Americans. One of the more touted provisions, the elimination of federal in…

'Black Swan' author Nassim Taleb tells BI he agrees with Elon Musk on debt, saying a 'crisis' is looming

Author Nassim Nicholas Taleb said the interest on the US debt is a huge burden, and called out Trump's tariffs and the dollar's decline.

The IRS Is Building A Vast System To Share Millions Of Taxpayers’ Data With ICE

This story was originally published by ProPublica. Republished under a CC BY-NC-ND 3.0 license. The Internal Revenue Service is building a computer program that would give deportation officers unprecedented access to confidential tax data. ProPublica has obta…

Tax Breaks: The Tax Community Talks About The One Big Beautiful Bill Act Edition

Plus: Social Security ends paper checks, Live Aid, changes to Forms 1099, filling out Form W-9, national debt costs, filing deadlines, tax trivia, and more.

No Tax On Tips Explained

“No Tax on Tips” sounds great—until you read the fine print. Who really benefits from this deduction, and who’s left behind? Here’s what you need to know.

Republican tax law leaves experts searching for words

"OB3"? "OB-cubed"? A pithy nickname for the One Big Beautiful Bill Act is proving to be elusive.

IRS has lost one-quarter of its IT staff since Trump took office

The 2026 tax year ought to be fun A quarter of the Internal Revenue Service's IT staff has departed since President Trump's workforce reduction efforts began earlier this year, and that has officials worried the 2026 tax season could be a mess.…

Attention Patriots, You Can Help Pay Off the National Debt by Venmo-ing ‘Gifts’ to the Feds

At a time when the country is spending more than ever, there's a hero coming to save us: you and your Venmo wallet.

Making a living as a poker player is hard. The 'Big Beautiful Bill' makes it harder

A new law includes a provision that could mean bettors pay more during tax season. Major poker players are calling on Congress to royally flush the measure down the drain.

Trump Tariffs, Inflation, Inflation Hedges: The 3 Biggest Gold Stocks

Any investor who, on the first of February, thought “Hmm, tariffs means higher inflation and that means major gold stocks will benefit, so I’ll buy them” has done well.

If Trump Fires Powell, You’ll Want Own This 8.4% Dividend

Fire Powell? Keep him around? The question never seems to go away—and the markets, fueled by the so-called “TACO” trade, are shrugging it all off.

Tax Breaks: The All Work And A Little Bit Of Play Edition

Plus: Employees could lose a work perk (thanks to the One Big Beautiful Bill Act), new retirement account penalty rules, deducting gambling losses, IRS employee count keeps dropping, filing deadlines, tax trivia and more.

Meet the boomer homeowners who are sitting on their valuable properties because of a tax they hope is on the way out

"The way the law stands today, we're staying put in a home bigger than we need," one 81-year-old told BI. A bipartisan effort could change that.

A Tale Of Two Retirees: New Senior Tax Deduction And Foreigners’ Social Security

New OBBBA deduction is for seniors living stateside or abroad. Nonresident aliens paid into the same Social Security; no deduction; 30% withholding on SS benefits.

10 Monday AM Reads

My back-to-work morning train WFH reads: • Want to Be a 401(k) Millionaire? Start With These Fixes. The stock market gains about 10% a year, but your savings may be falling behind. Here’s how to make the most of your 401(k). (Barron’s) • Investors Are Flockin…

Taxman picks up $140M tab after Cadence fined for China export violations

Changes enacted in Trump's budget cover cost of penalty Electronic design biz Cadence has agreed to plead guilty and pay more than $140 million in fines over charges that it unlawfully sold semiconductor design tools to a university linked with the Chinese mi…

Caps, credits, contributions: Tax planning for parents under OBBBA

The One Big Beautiful Bill Act presents some complexities for wealthy families, alongside its extension and expansion of provisions in the Tax Cuts and Jobs ...

Retirees: Be very, very worried about who will replace Jerome Powell at the Fed

If you’re retired or living on passive income, you have every reason to be grateful to the Federal Reserve chair.

I Asked ChatGPT What Would Happen if Trump Ended Income Taxes — There’s Good News and Bad News

Trump’s plan to replace income taxes with tariffs -- per a tax policy breakdown by ChatGPT -- could raise prices, slash federal revenue and widen inequality.

How property taxes are forcing Americans out of their homes...

How property taxes are forcing Americans out of their homes... (Second column, 3rd story, link)

Consumers Vote on Economic Prospects

Durables consumption has experienced extreme volatility over the last 9 months (since the election). However, services and nondurables should follow the permanent income hypothesis — at least halfway (DSGE’s usually incorporate about 50% hand-to-mouth consume…

A boomer couple wants to sell their 5-bedroom home. But they're delaying in hopes of avoiding at least $700,000 in taxes.

Joel and Kathryn Friedman, both 71, were encouraged by President Donald Trump's remarks in support of eliminating the capital gains tax on home sales.

The Latest: US import taxes hit levels not seen in nearly 100 years

President Donald Trump began levying higher import taxes on goods from nearly 100 other nations on Thursday, just as the economic fallout of his monthslong...

Trump’s new tax, briefly explained

This story appeared in The Logoff, a daily newsletter that helps you stay informed about the Trump administration without letting political news take over your life. Subscribe here. Welcome to The Logoff: It’s tariffs day, for real this time. President Donald…

IRS Commissioner On Direct File Program: ‘It’s Gone’

For no less than 25 years now, Techdirt has been writing about how the tax preparation industry, especially Intuit, has spent gobs of money bribing lobbying government to keep relatively low-earners from simple methods for filing their tax returns. The series…

Hundreds cheer Arizona Sen. Ruben Gallego as Democrats take offensive against Trump's tax bill

Hundreds of people cheered Sen. Ruben Gallego at a town hall meeting in eastern Iowa Saturday as the first-term Arizona Democrat assailed the massive...

Billionaire Rented Trump Mansion As Federal Tax-Evasion Case Heated Up

Robert Smith committed historic tax crimes. Facing federal scrutiny, he moved next door to the president.

Tax Breaks: The Revolving Door At The IRS Keeps Spinning Edition

Plus: Wash sales could be making a comeback thanks to meme stocks, IRS makes an announcement about withholding and tax forms under the new tax law, 529 plans are changing, tax filing deadlines, tax trivia and more.

As IRS Withers Tax Pros Still Urge Compliance

How do you deal with the knowledge that with reduced enforcement just about anything done on returns that does not create a mismatch will probably get by ?

Claiming Social Security Now? How the Trump Tax Break Could Boost Your Benefits

A new $6,000 senior tax deduction under the OBBBA could help retirees save big on Social Security taxes & offer relief to millions on fixed retirement income...

As Dollar Plummets, Is Now a Good Time To Invest in Gold?

With the dollar falling, gold is gaining attention—learn if now’s the right time to invest and how it could protect your portfolio.

Trump is bringing in so much revenue from tariffs that it’s seriously reducing the $37 trillion national debt

It’s the equivalent of a new payroll tax or a 17% cut in the size of the military, according to a top think tank.

2.1 Million Retirees in Ohio Qualify for the ‘Senior Deduction’ Under Big, Beautiful Bill

Roughly 2.1 million retirees in Ohio are expected to benefit from a new federal deduction that exempts most Social Security income.

Is the Fed ready to cut interest rates? Experts weigh in

President Trump has repeatedly called for lower rates since he took office.

SpaceX Has Likely Skirted Federal Income Taxes for Decades, Investigation Reveals

Internal documents show Elon Musk’s multi-billion dollar rocket company can indefinitely shield nearly $3 billion in profits from the IRS.

Is the IRS giving stimulus checks in 2025? How to track my stimulus check status update

Are we getting a stimulus check 2025? Here's status update on Trump's $600 rebate stimulus checks, how to track IRS refund by social security number

It's the Economy, Donald

As US labor and inflation data seemingly worsen, the White House refrain is “no panicans”—in other words, no room for panic. That isn't keeping everyone in Trumpworld from getting the jitters.

Vance touts tax cuts, Trump's domestic agenda in Georgia

The vice president spoke about the administration's domestic agenda enacted in a sweeping bill last month that will shift resources from social safety programs to immigration enforcement and tax cuts.

Is Trump’s ‘Big Beautiful’ spending law the biggest tax cut in US history?

Trump’s 2025 law ranks third among tax cuts since 1980 and mainly extends old cuts, making its impact modest for most.

Trump & Congress Ending Residential And Home Improvement Tax Credits

President Trump and Congress are eliminating billions of dollars of popular tax credits many taxpayers are accustomed to utilizing.

The de minimis shipping rules are slated to change this week. Here's what that means for you.

The de minimis tax loophole for smaller US packages is coming to an end, which could mean higher prices and some postal services pausing their work.

Why PTET Elections Still Matter After The SALT Cap Increase

High earners lose most of the $40k SALT cap. PTET stays vital—preserving deductions, lowering AGI, and unlocking standard and charitable benefits.

State of Crypto: Unsettled U.S. Crypto Tax Scene

As Congress still struggles to work out a crypto tax approach in the U.S., the experts handling digital assets at the IRS are heading for the exits.

Missing In AI Action: Tax Risk For Investors In Intellectual Property

As AI innovation continues to grow, policies are shifting to promote development domestically, but investors often miss optimally-timed tax planning

Will Tariffs Cause Inflation? Here’s What The Past 225 Years Says

Will Trump's tariffs cause inflation? Here, we will examine the causes of inflation in the U.S. from 1800 to 2024. The answer may surprise you.

Trump plans a hefty tax on imported drugs, risking higher prices and shortages

Trump plans a hefty tax on imported drugs, risking higher prices and shortages Trump plans a hefty tax on imported drugs, risking higher prices and shortages WASHINGTON (AP) — President Donald Trump has plastered tariffs on products from almost every country …

Influencers are among the winners of Trump's 'no tax on tips' policy

Digital content creators, alongside bartenders and waiters, will be able to deduct tip earnings from taxable income starting next year.

Ray Dalio says America’s ‘debt-induced heart attack’ will happen under Trump 2.0—and no one’s brave enough to stop it

"I think that what is happening now politically and socially is analogous to what happened around the world in the 1930-40 period," he said.

Team Trump Tries to Rebrand His Law Slashing Medicaid as a ‘Working Families Tax Plan’

Trump’s campaign team reportedly advised Republican lawmakers to describe the president’s “Big Beautiful Bill” as a “working families tax plan.”

India cuts consumption taxes to boost demand after Trump’s tariff blow

Analysts say the cuts in consumer taxes is aimed at boosting demand in the wake of 50% tariffs on Indian goods.

Influencers, podcasters among jobs covered by 'no tax on tips' plan...

Influencers, podcasters among jobs covered by 'no tax on tips' plan... (Third column, 13th story, link) Related stories:How Trump lost the podcast bros...

There's less than a month to get a $7,500 EV tax credit. Here's what you should know.

Drivers in the US have until September 30 to qualify for federal EV tax credits, which President Donald Trump axed as part of his "Big Beautiful Bill."

The Not Exactly “No Tax On Tips” Edition

Plus: Fantasy football winnings, tax benefits related to cars, stock options, a nod for IRS Chief Counsel, Taylor Swift tax, tax filing deadlines, and tax trivia.

2 boutique owners are rethinking whether their business is still viable after a long-standing tax exemption ended

A boutique business that imports goods from Europe is facing skyrocketing costs after the de minimis exemptions ended.

EV sales are setting records ahead of the tax credit going away. It isn't helping Tesla.

Electric vehicle sales in the US hit a record in August as buyers rushed to take advantage of the $7,500 tax credit before it ends in September.

South Korea Scraps Plans to Raise Capital Gains Tax on Stocks

Bank of England raises alarm over new tax raid

The Bank of England has warned that fears of another Labour tax raid are already impacting the economy as it kept interest rates on hold at 4pc.

Putin said he's eying higher taxes on the rich to bankroll the Ukraine war and pointed to a precedent set by the US

Russia's central bank expects the economy to expand just 1% to 2% this year, down from 4.3% in 2024.

Looking to Buy an Electric Vehicle? You Should Do It Before October

Here's how you can claim the $7,500 tax credit before it's retired by Trump admin.

Trump to place import taxes on drugs, home furnishings and heavy trucks

President Trump said he will put import taxes of 100% on pharmaceutical drugs, 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture and 25% on heavy trucks starting on Oct. 1.

The “Who Writes Checks Anymore?” Edition

Plus: Disappearing employer 401(k) matches, retirement plan contributions, capital gains and housing, a possible government shutdown, FBAR shakeup, tax trivia and more.

Want To Invest In a Trump Account for Your Kid? Suze Orman Would Rather See You Do This

Trump Accounts offer $1,000 for eligible kids, but Suze Orman urged caution. Unclear tax rules may make Roth IRAs or brokerage accounts smarter picks.

Trump’s $2,000 Tariff ‘Dividend’ Stimulus Check Idea Could Be About To Blow Up The Bitcoin Price, Crypto And Stock Market

U.S. president Donald Trump has floated the idea of a $2,000 Covid stimulus check-style tariff dividend that could trigger a bitcoin price, crypto and stock market surge...

I Asked ChatGPT How Trump’s Tax Law Could Save Retirees Thousands: Here’s What It Said

President Donald Trump signed into law the One Big Beautiful Bill Act over the summer, which has some tax changes that could benefit retirees struggling to manage their finances. Explore More: I Asked ChatGPT What Trump’s ‘Big Beautiful Bill’ Means for Retire…

The Big Beautiful Bill Tax Provisions Will Be On The CPA Exam In 2026

Starting July 2026, the tax provisions that changed under the One Big Beautiful Bill Act of 2025 will be tested on the CPA exam.

Trump’s latest tariffs trigger over US$6 billion in cryptocurrency liquidations

Cryptocurrency market traders have been hit by record liquidations just days after bitcoin hit a fresh all-time high, with volatility triggered in large part by the latest round of tariffs from US President Donald Trump. Crypto prices tumbled on Friday after …

Opinion - Failing cities like Chicago should heed Ken Griffin’s warning: No tax base, no money

Note to far-left socialist-leaning mayors, politicians and activists: If you drive out billionaires and job creators, then your “free is for me” policy...

Trump agrees to process more student-loan forgiveness claims — and prevent some borrowers from getting a big tax bill next year

The Trump administration reached an agreement with the American Federation of Teachers to continue processing student-loan forgiveness for borrowers.

The absurd American Paradox— You still pay, even when they don’t work | PERRY O. HOOPER JR.

Only in Washington can the government shut down and still send you a tax bill.

The Government Shutdown Rolls On Edition

Plus: What’s open at the IRS, the fight over premium tax credits, guidance on OBBBA, Social Security increases, digital taxes and tariffs, Section 179 expenses and more.

Death to Free Taxes: IRS Officially Ends Its Direct File Tax Filing Software

Over two dozen states incorporated the free tax software in 2025, but the IRS has decided to discontinue the program.

IRS Direct File won't be available next year. Here's what that means for taxpayers

IRS Direct File, the electronic system for filing tax returns for free, will not be offered next year, the Trump administration has confirmed. The program...

Big Tech tax breaks could’ve funded benefits for millions, Senator Warren finds

President Donald Trump’s “Big Beautiful Bill” is handing out billions in tax breaks, and a new analysis from Senator Elizabeth Warren’s (D-MA) office is demonstrating just how substantial those sums are. Under the law, Google’s parent company, Alphabet, will …

Trump’s ‘bonus depreciation’ rule is turning luxury travel into a tax break. How the ultra-wealthy can cash in

Private jet sales are soaring and luxury car purchases are revving up — if you can count your splurge as a business expense, you’ve got it made.

IRS Notifies States There Will Be No Direct File Program For 2026

We knew this was coming, but it doesn’t make it any less stupid. The road to the IRS’ Direct File program was long and hard-fought. We here at Techdirt have been talking about, and advocating for, something like the Direct File program for at least 15 years. …

Trump says 88% of US retirees will now pay zero taxes on Social Security, but can the One Big Beautiful Bill hurt you?

The debate rages on.

Trump weighs giving Americans $2,000 from tariff revenues in bid for support

Congressional approval would likely be required for plan to take effect, an idea Trump has floated before

Trump says he'll issue $2,000 tariff dividend to all except 'high-income people'

Trump says that a “dividend of at least $2000 a person” will be paid to all Americans except for “high-income people.”

Trump says a tariff dividend of 'at least' $2,000 will be paid to most Americans

In a post on Truth Social on Sunday, Trump said the payments would be for all but "high income people."

Crypto Prices Rise as Trump Announces ‘At Least’ $2K Tariff Dividend Per American

Crypto Prices Rise as Trump Announces ‘At Least’ $2K Tariff Dividend Per American The rally comes after a broader weekly slump, with the CoinDesk 20 (CD20) index recovering from a near 15% drawdown over the week. What to know: - US President Donald Trump anno…

Student-loan forgiveness is back on — but a tax change could be a 'financial disaster' for some borrowers

Sen. Elizabeth Warren is calling on the IRS to prevent student-loan borrowers from facing a "tax bomb" on debt relief beginning next year.

What to know about Trump's promise of $2,000 tariff dividend payments

Questions abound about who qualifies and whether enough funds are available.

Trump proposes $2,000 tariff dividend for Americans. Would this work?

Trump’s $2,000 tariff dividend plan faces legal hurdles, unclear funding; experts doubt tariff revenue will cover costs.

Trump is 'committed' to $2,000 tariff dividend payments, White House says

President Donald Trump remains "committed" to sending each American a $2,000 dividend check to be distributed from tariff revenue.

United States Penny Dead at 232

It took 232 years, but the penny is dead ... the last ever penny was minted Wednesday in Philadelphia. President Trump started the penny's doomsday clock back in February, when he ordered Treasury Secretary Scott Bessent to stop producing new…

Trump Says $2,000 Tariff Rebates Will Come ‘Sometime’ Next Year

It’s unclear if the checks have the required support from Congress.

Tax Planning in the Trump Era: Strategies for High Earners

High earners face unique tax challenges under Trump-era policies—discover smart strategies to reduce liabilities and maximize savings before year-end.

Democrats reject ‘current policy’ — unless it pays their base

Washington’s latest fights make one thing unmistakable: Democrats shift their arguments as needed, but always in service of higher taxes, higher spending, and a bigger federal footprint. When the question earlier this year was whether to keep current tax poli…

Treasury plans to change tax credit eligibility in a move critics say will hurt immigrant taxpayers

The U.S. Treasury Department said Thursday it plans to reclassify certain refundable tax credits as “federal public benefits," which will bar some immigrant ...

Everything We Know So Far About Trump’s Proposed $2,000 Tariff Dividend Checks

It’s unclear if a plan to pay Americans directly with tariff income will get enough Republican support in Congress.

What Will the US Debt Reckoning Look Like?

For now, and in the foreseeable future, fiscal adjustment is a political non-starter in the US, where the prospect of higher taxes or cuts to Social Security and Medicare is a surefire way to lose votes. But this is probably where the country is headed, thoug…

US “R” Us or Tax Sovereignty?

Countries can either capitulate to President Trump’s tax bullying or come together to fight for the sovereign right to tax multinationals fairly.

WSJ Editor Shoots Down Trump's Plan To Replace Income Taxes With Tariffs

On Thanksgiving, Trump floated the notion that the US could replace all income tax with tariffs, and even The Wall Street Journal's editor James Freeman had to admit that the math "doesn't work" unless you want to dramatically slash most government programs. …

Inside the tax that incentivizes boomers to die in their homes, rather than selling — because it's better for their kids

Some baby boomers say they're holding onto their homes so their kids can inherit them tax-free.

Did Trump accidentally boost direct giving?

When billionaire Michael Dell was 8 years old, he opened his first savings account.  Every time that young Michael forked a quarter over to the bank teller, he felt a rush from the “power of compound interest,” as he said from the White House on Tuesday, hour…

Trump says he may cut income tax ‘completely’ because tariff revenue will be ‘so large.’ Here’s how the math adds up

Why policy changes aren’t the only route to lowering tax bills.

I already have a ‘Trump Account’

US citizens born between 2025 and 2028 will soon be eligible to receive $1,000 from the government in a “Trump Account,” a new tax-deferred investment...

Are we getting $2000 tariff rebate checks in 2025? Trump's latest comments

The plan to gift Americans $2,000 is still on President Donald Trump's agenda, even as the year comes to a close.

Working Americans will soon get ‘very large refunds’ of up to $2,000/household, says Bessent. How to make the most of it

Why more could be coming.

At The Money: Year-End Tax Planning Time

SPOTIFY EMBED     ATM: Title   At The Money:   with Guest name, company affiliation  (Month Date Year) Is it better to blurb or not to blurb? That is the question? In this episode of At the Money, I speak with Guest. Full transcript below. ~~~ About this week…

I Asked ChatGPT How To Spend the Trump $2K Dividend in 2026 — Here’s What It Said

President Donald Trump’s proposed $2,000 tariff dividend would provide welcome relief to millions of Americans in 2026, although experts are mixed on the likelihood of that happening, and the wisdom of it — because a cash injection could fuel further inflatio…

I Asked ChatGPT What Trump’s $2K Dividend Could Mean for Retirees

Some retirees could see real relief from Trump’s proposed $2,000 tariff dividend. Here’s how the payout could impact budgets, savings and retirement plans.

Scott Bessent expects ‘gigantic’ tax refund year for American households

“I think households could see, depending on the number of workers, $1,000- $2,000 refunds,” Bessent said.

Tariff rebate checks are 'not really on the table.' Here's why.

Tax Foundation senior economist and research director Erica York comes on Market Catalysts to weigh in on whether the Trump administration will push for...

Now That He Has No Power, Mitt Romney Says "Tax the Rich"

Mitt Romney recently published a New York Times op-ed arguing for higher taxes on the rich. When he was in a position to actually sculpt the GOP platform and the tax policy of the US, Romney was an ardent supporter of cutting taxes for the wealthy.

Tax refunds could be up. When will the IRS accept returns in 2026?

Taxpayers could be stretched to new limits in 2026 as key but complicated new tax breaks kick into place on 2025 federal income tax returns.

'This is a mistake President': Bill Ackman responds to Trump's call for a one-year 10% cap on credit card interest

President Donald Trump on Friday called for a 10% cap on credit card interest for one year.

When can you file taxes in 2026? Federal and state deadlines, extensions, and refunds

Everything to know about tax season in 2026: What forms you need, when to file, federal and state deadlines, and how to avoid penalties.

Trump pushes a 1-year, 10% cap on credit card interest rates and banks balk

Reviving a campaign pledge, President Donald Trump wants a one-year, 10% cap on credit card interest rates, a move that could save Americans tens of billions...

Trump calls for a 10% cap on credit card interest rates

With credit card interest rates near modern highs, President Trump says he wants to cap the rates for one year.

JPMorgan Warns 10% Credit Card Rate Cap Would Backfire on Consumers and Economy

JPMorgan Chase's chief financial officer Jeremy Barnum pushed back hard on Tuesday against President Donald Trump's proposed 10% cap on credit card interest rates, calling the measure "very bad for consumers" and "very bad for the economy" during a call with …

Trump's big swing at credit card interest rates targets a growing American problem

Americans' debt loads are at record highs, resurfacing a decadeslong debate on how to prevent companies from maximizing profit at consumers' expense.

Klarna CEO backs Trump's 10% credit card cap, criticizing rewards as built on poorer borrowers' debt

Even people who don't use credit cards pay more for everyday goods because merchants raise prices to cover card fees, said Klarna's CEO.

Millionaires ask leaders at Davos to tax the rich

The letter said that a handful of those with extreme wealth are negatively influencing nearly every aspect of society.

JPMorgan CEO Jamie Dimon said Trump's proposed 10% cap on credit card rates would be an 'economic disaster'

Dimon warned at Davos that Trump's credit card interest rate cap could harm 80% of Americans.

Get ready for a tax season run by a much smaller IRS

Trump promised Americans higher tax refunds this year, but staffing cuts at the IRS could lead to customer service delays.

Japan’s Takaichi vows to deliver on tax cuts after LDP’s ‘historic’ win

LDP looks set to secure 316 seats in Japan's 500-member house, marking its best result since its founding in 1955.

Will Capping Credit-Card Interest Rates Help Ordinary Americans?

The federal cap on credit-card interest rates that US President Donald Trump has proposed would, in theory, prevent issuers from gouging customers. But not everyone agrees that this would be good for Americans, especially lower-income households that are ofte…

WATCH: Proposed billionaire tax divides Democrats

A proposed one-time 5% tax on billionaires in California is causing division between prominent national Democratic Party figures as the party seeks a unifying message ahead of the 2026 midterms.

So Sorry

Happy Sunday morning here at Crooks and Liars. Let's be happy about how pissy SCOTUS made Trump on Friday, so pissy he slapped a 15% tax on everyone in the world. Have you ever seen such a spoiled rotten man-baby? It's another week with more Epstein revelatio…

Bernie Sanders Hits Billionaires Hard At L.A. Pro-Tax Rally

Bernie Sanders rallied support in Los Angeles Wednesday night for a controversial proposed wealth tax in California. You are probably familiar with Bernie's greatest hits, but the crowd didn't seem to mind hearing the oldies. “Do you know what the most signif…

How to use AI for your taxes — and how not to use it

Tax season starts early this year. Or at least it should for you, because this one is a doozy. Thanks to the One Big Beautiful Bill Act (OBBBA), which Congress passed in 2025, there are some significant and potentially confusing changes coming to your tax ret…

Tax credits for solar panels are available, but the catch is you can't own them

Rooftop solar installers are steering customers toward leases instead of purchases. Federal tax credits for purchased systems have ended but are still available for leased ones.

Democrats to introduce bill aimed at resurrecting IRS Direct File

160 Democratic lawmakers from across the country are backing a soon-to-be-introduced bill that would reverse the Trump administration's decision to eliminate IRS Direct File. The Direct File Act, led by Sen. Elizabeth Warren (D-MA) and Rep. Brad Sherman (D-CA…

Dems to Propose Highest Capital Gains Tax Rate Since 1978...

Dems to Propose Highest Capital Gains Tax Rate Since 1978... (Third column, 2nd story, link)

The IRS’s Verification System for Sharing Taxpayer Data With ICE Would Have Accepted ‘Don’t Care 12345’ as a Valid Address

We’re a couple weeks late to this one, but it deserves more attention than it received. As the Washington Post first reported, a federal judge has found that the IRS violated federal law 42,695 times when it handed over confidential taxpayer addresses to ICE …

Bernie Sanders explains his proposed billionaire tax

Vermont Sen. Bernie Sanders (I-VT) is no stranger to singling out the richest of the rich. Along with Rep. Ro Khanna (D-CA), Sanders recently introduced the Make Billionaires Pay Their Fair Share Act, a 5 percent annual wealth tax on anyone in the US worth ov…

Lindsey Graham once said Republican Party was 'killing all the right people'

In late 2025, U.S. Sen. Lindsey Graham, R-S.C., said in reference to the Republican Party and the nation: "We're killing all the right people, and we're cutting your taxes."

This Proposed Bill Could Cause EV Owners To Pay A Lot More In Federal Taxes

A proposed federal EV fee is being sold as fair road funding, but critics say it would leave electric car owners paying much more than gas drivers.

Trump’s ‘DoorDash Grandma’ Stunt Makes Life Hell for PR Flack

DoorDash has tied its brand to a very unpopular president, for seemingly no benefit.

America’s Insane Tax-Filing Process

Other countries don’t do this.

'NYC is cooked': Business leaders and Wall Streeters erupt over NYC's proposed luxury second-home tax

Kathy Hochul and Zohran Mamdani ruffled some feathers when they introduced a proposal to tax secondary homes in New York valued at over $5 million.

Trump's lawyers say they're 'in discussions' to resolve his $10B suit against the IRS

Attorneys for President Trump say they are "in discussions" with the DOJ to potentially resolve a $10 billion lawsuit that Trump and his company filed against the IRS.

Trump Is Literally Negotiating With Himself Over How Much Taxpayer Money He Gets Because His Taxes Were Leaked

Back in January, we covered Trump’s audacious lawsuit demanding $10 billion from his own IRS over the 2019-2020 leak of his tax returns by IRS contractor Charles Littlejohn (who is currently serving a five-year prison sentence for the leak, meaning the system…

Trump seeks ‘resolution’ of his $10bn lawsuit against IRS, spurring concern

Critics warn that Trump could arrange his own settlement by negotiating with a US Justice Department under his control.

Trump says Zohran Mamdani is 'destroying' NYC with proposed tax on the wealthy

The proposed pied-à-terre tax would affect wealthy residents who own secondary properties in New York City valued over $5 million but live elsewhere.

Trump’s Audacity Level: Suing The IRS For $10B Because His Tax Dodging Went Public

Donald J. Trump — the guy who spent years screaming “I’m under audit!” like a broken record while refusing to release his own tax returns — is now suing the IRS for $10 billion (that’s taxpayer money, you guys, our money) because some contractor leaked his re…

Would Donald Trump have to pay the NYC pied-à-terre tax?

The devil's in the details when it comes to a proposed pied-a-terre tax that could apply to President Trump's triplex at Trump Tower. It depends, in part, on whether the Trump Tower triplex is now technically Barron's apartment. [ more › ]

US Going Deeper Into The Red Now That The IRS Is Sharing Tax Data With ICE

The government needs more funding than ever, which is kind of hilarious when you realize the Tea Party of the Obama era was the predecessor of this Big Government version of the GOP. The DHS can’t even get itself a budget at the moment. Sure, it will get some…

Trump Signed an Order to Build TrumpIRA.gov, a Website Launching in 2027 That Promotes a Tax Credit Biden Signed Into Law in 2022

The headline is a Trump-branded retirement website. The benefit is a Biden-signed tax credit. The earliest anyone touches the matching money is 2028. Trump signed the executive order in the Oval Office on Thursday, April 30.

Fox & Friends Celebrate Workers' Day By Claiming It's 'Anti-American' To Tax The Wealthy

Friday morning, Fox and Friends celebrated May 1, which is International Workers' Day, by ignoring the working class and praising the very rich by describing attempts to tax the billionaire class as anti-American. As is their want, Fox News focused on one per…

Energy secretary says White House is open to suspending gas tax amid soaring prices

Energy Secretary Chris Wright told NBC News’ “Meet the Press” on Sunday that the Trump administration is “open to all ideas” to lower the cost of gas, including suspending the federal gas tax

Trump says he wants to pause the federal gas tax to lower prices at the pump

Trump voiced support for suspending the federal gas tax as prices surge during the war with Iran, backing planned legislation from Sen. Josh Hawley.

Trump floats suspending the federal gas tax amid rising prices

President Trump said on Monday that he would like to temporarily suspend the federal gas tax as prices soar due to the war in Iran.

Trump says he will suspend petrol tax amid soaring US fuel prices

Suspending a federal tax requires an act of Congress, and there may be procedural delays before it can be achieved.

10 Friday AM Reads

My end-of-week morning train WFH reads: • Miami got NYC’s billionaires. Will it get their businesses? The fact is, high earners who were formerly geographically tethered to their companies can now work remotely. They are optimising their domicile for taxes, w…

Kevin (Warsh) Can Wait

The new Fed Chair is inheriting an inflation conundrum: appease Trump or hold out on rates?

Trump’s ‘Slow Motion Heist’ Of $1.7 Billion Taxpayer Dollars

Remember Trump’s $10 billion lawsuit against the IRS? I don’t know whether somebody figured it was a bad look while Americans are struggling with Trump inflation thanks to his tariffs and unnecessary war, not to mention the loss of health insurance and food b…

Why Shouldn’t Yields Rise?

Friday’s jump in 10 year Treasury yields (10 bps), and the 30 year yield nearing 5% alarmed markets. But why? Debt and the debt trajectory are up. Fed Chair Designate Warsh wants to shrink the Fed balance sheet, even as Trump continues his assault on Fed inde…

Trump, in court filing, says he plans to drop his $10B lawsuit against IRS

Lawyers for Donald Trump have informed a judge that he plans to drop his $10 billion lawsuit against the IRS.

Trump drops IRS lawsuit, sets up $1.7bn US anti-weaponisation fund

The new fund has led to widespread pushback from Democrats and government watchdog groups.

The DOJ's sweeping Trump settlement bars the IRS from pursuing any unpaid taxes claims it may have against Trump

The DOJ's settlement of Trump's lawsuit related to his leaked tax returns includes a sweeping pledge.

DOJ addendum to Trump settlement bars IRS from auditing him and his family

In an addendum to its settlement ending President Trump's IRS lawsuit, the DOJ has barred the IRS from auditing the tax returns of Trump, his family and his companies.

Did Trump Accidentally Buy Stock in a Sushi Restaurant Instead of a Tech Company?

There's something fishy about the President's stock purchases.

U.S. government to drop tax claims against Trump in broadening of IRS settlement

As part of the settlement agreement, the U.S. is "forever barred and precluded" from examining or prosecuting President Trump, his sons and the Trump organization's current tax issues, according to a document posted to the DOJ website.

Jeff Bezos backs Mamdani's tax on luxury second homes, but says Ken Griffin isn't the villain

Mayor Zohran Mamdani's proposed tax on luxury second homes has an unlikely defender: Jeff Bezos.

10 Wednesday AM Reads

My mid-week morning train WFH reads: • Stock Gains Without All the Taxes? How the Hottest Trade on Wall Street Works: The stock-market surge has propelled the use of a new kind of tax-loss harvesting. We break it down. The WSJ on the surge of direct-indexing …

Trump Sued Himself And Walked Away With A $100 Million Tax Debt Erased

There were two rumors last week regarding the supposed “settlement” of Donald Trump’s ridiculously problematic lawsuit against his own IRS, asking for $10 billion. The first was that he was going to get an agreement to drop all audits of his taxes (and the ta…

US President Trump and family given immunity from pending tax audits

Democrats blast the tax announcement, which follows establishment of a controversial 'Anti-Weaponization Fund'.

How Trump's IRS settlement could block tax audits of him, his family and their businesses

Some lawmakers and legal experts say the department has violated federal law with its addendum to the settlement.

Trump immunity from IRS audit shocks experts, who warn it could undermine trust in tax system

Remember Donald Trump’s response in the 2016 presidential debate, when Hillary Clinton blasted him for paying virtually no federal taxes? On Tuesday, the...

Dems demand answers from Treasury secretary on Trump's IRS settlement

Democrats are demanding answers from the Treasury and IRS over Trump's settlement and "Anti-Weaponization Fund."

Trump’s big beautiful income tax dodge

The president's settlement with the Justice Department means he could never face IRS audits again

Trump’s Trading Volume Just Jumped 10x and Topped All of Congress Combined

The Slate Money hosts opened their latest episode with a number that should make every investor sit up. President Trump’s stock trading activity jumped...

Even if every California billionaire left tomorrow, it would take 25 years for the state to lose as much as it stands to gain from proposed wealth tax

The Golden State might be able to stomach more ultra-wealthy departures than first feared.

Ken Griffin's $238 million New York City penthouse isn't the only pied-à-terre he owns. See what else is in his portfolio.

Citadel CEO Ken Griffin doesn't approve of New York City Mayor Mamdani's pied-à-terre tax. See all the homes he owns around the country — and the world.

We did the math on Ken Griffin's pied-à-terre tax bill

New York City's tax on second homes is now in effect after backlash from billionaires, including the Citadel CEO.

Guest Contribution: “Americans can’t afford Trump’s inflationary policies”

Today, we present a guest post written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. A shorter version was published in Project Syndicate.   May 31, 2026 …

On The Matter Of Money In Circulation, Economists Are Profound Excess

Production is always matched with credible exchange media. One presumes the other.

Summer of crypto (regs): State of Crypto

Lawmakers are debating taxes, the CFTC put out a prediction market proposal and court cases are heating up.

IT BEGINS: Billionaire tax secures spot on California ballot...

A California labor union is offering to scale back a proposal to temporarily increase taxes on billionaires. It made the offer Thursday, a day after the state’s top election official said the question has sufficient public support to qualify for the November …

Former IRS officials call for judge to scrutinize Trump's immunity from audits

A group of former IRS officials is asking a federal judge to scrutinize a controversial deal that granted President Trump sweeping immunity from past tax audits.

Gavin Newsom backs nationwide billionaire tax and an AI equity fund: 'Every American should own a piece'

Newsom said he remained opposed to California's proposed billionaire tax which will go before voters this November.

Newsom proposes national levy instead...

California Gov. Gavin Newsom on Friday proposed a national tax on billionaires that he says is the first part of an “economic reset for America” agenda, which aides explicitly say is part of his considering to launch a presidential campaign.

Tax Breaks: The Penalties, Postage And Paperwork Edition

Plus: Red cards and tax deductions, busting a TikTok tax myth, gift tax returns and Trump accounts, deferred compensation, sales tax zappers, tax trivia and more.

Senate powerhouse Lindsey Graham has died. Here's how he influenced corporate taxes, foreign trade, and defense.

Sen. Lindsey Graham served more than 30 years in Congress. The powerful lawmaker helped influence corporate tax, tariffs, and defense policy.