Politics Aug 08 Trump removes Billy Long as IRS commisioner less than 2 months after Senate confirmation The Senate confirmed Long on a 53-44 vote despite Democrats’ concerns about the Republican’s past work for a firm that pitched a fraud-ridden coronavirus pandemic-era tax break and about campaign contributions he received after Trump nominated him.
Politics Aug 06 Trump to put additional 25% import taxes on India, bringing combined tariffs to 50% The tariffs would go into effect 21 days after the signing of the order, meaning that both India and Russia might have time to negotiate with the administration on the import taxes.
Politics Aug 05 What we know about Trump’s Fed chair candidates so far President Donald Trump said Tuesday that he's whittled down his list of potential Federal Reserve chair candidates to four as he considers a successor to Jerome Powell — a choice that could reset the path of the U.S. economy.
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.