Politics Jul 02 Trump says the Republican mega bill will eliminate taxes on Social Security. It does not At best, Trump's "no tax on Social Security" claim exaggerates the benefits to seniors if either the House or Senate-passed proposals is signed into law.
Politics Jun 25 Watchdog warns Trump’s budget bill could complicate 2026 tax filing season after IRS staffing cuts The National Taxpayer Advocate report notes that the IRS historically receives more calls after significant changes in tax law, so it may need additional employees and improved digital tools to maintain its level of service if Trump's legislative package passes…
Politics Jun 12 WATCH: Bessent appears before House committee as Congress considers Trump’s tax bill Treasury Secretary Scott Bessent and other Republicans say that the U.S. could head toward economic catastrophe if the measure is not passed.
Nation May 22 U.S. Mint moves ahead with plans to kill the penny WASHINGTON (AP) — The Trump administration says making cents doesn’t make sense anymore. The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out, a Treasury Department official confirmed…
Politics May 09 WATCH: First lady Melania Trump unveils new stamp for former first lady Barbara Bush Daughter Dorothy “Doro” Bush Koch said “it’s unlikely that mom ever pictured herself on the postage stamp, and it’s very likely that she would be wondering what all this fuss is about."…
Politics Apr 23 At IRS, leadership churn and a worker exodus roil agency The height of tax season was the height of turmoil at the IRS.
Politics Apr 22 Trade war with China is not ‘sustainable,’ Treasury Secretary Bessent says In a private speech in Washington for JPMorgan Chase, Bessent cautioned that talks between the United States and China had yet to formally start.
Politics Apr 17 Trump administration targets Harvard’s tax-exempt status and international students The Trump administration has escalated its ongoing battle with Harvard, threatening to revoke the university's ability to host international students as the president called for withdrawing Harvard’s tax-exempt status.
Politics Apr 16 IRS agent who investigated Hunter Biden expected to be named acting chief of the tax collection agency An IRS whistleblower who testified publicly about investigations into Hunter Biden’s taxes is expected to be promoted to IRS acting commissioner, two sources familiar with the plan tell The Associated Press.
Politics Apr 15 WATCH: Biden says Trump has ‘taken a hatchet’ to Social Security in first post-presidency speech The 82-year-old Democrat, who has largely avoided speaking publicly since leaving the White House in January, delivered his pointed message during a speech Tuesday at the national conference of Advocates, Counselors and Representatives for the Disabled in Chicago.