Corporations paid $205 billion in taxes during fiscal year 2018, $92 billion less than the year before.
By Gretchen Frazee
The Treasury Department said Monday that the deficit climbed $113 billion from fiscal year 2017.
By Josh Boak, Associated Press
Four states — Connecticut, Maryland, New Jersey and New York — already have sued the federal government over the deduction cap, asserting it's aimed at hurting a group of Democratic states and tramples on their constitutional budget-making authority.
By Marcy Gordon, Geoff Mulvihill, Associated Press
The president's statements capped a week of head-spinning assertion and dubious statements. Here's a closer look at his claims.
By Hope Yen, Josh Boak, Associated Press
By David A. Lieb, Associated Press
"To just take that revenue would be a tax increase," said Missouri Sen. Andrew Koenig, echoing the reasoning of many tax-adverse Republicans leery of simply spending or saving the expected influx.
By Associated Press
Trump campaign official Michael Glassner says the president will discuss tax cuts he signed into law late last year and highlight how Indiana families are benefiting from them.
By Steve Peoples, Associated Press
The GOP is the party of fiscal responsibility no more.
By Andrew Taylor, Associated Press
President Donald Trump is proposing a $4 trillion-plus budget for next year that projects a $1 trillion or so federal deficit. And it never comes close to promising a balanced federal ledger even after 10 years.
By PBS NewsHour
This week, large retailers made announcements following the recently passed tax cuts. Walmart raised salaries for hourly workers to $11 per hour and announced one-time bonuses to 1,000 eligible employees, but it also announced the closure of 63 Sam’s Club…
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