Senate GOP spikes House tax plans
sup, sub { font-size: 100% !important; } sup { mso-text-raise:10% } sub { mso-text-raise:-10% } Welcome to The Hill's Business & Economics Newsletter {beacon} business and economy business and economy Full text State Farm cancels Super Bowl ads due to California wildfires Insurance giant State Farm has canceled a Super Bowl ad that was […]
Tax refunds could arrive late for Kentuckians this year. Here's why, and what to know – WDRB
LOUISVILLE, Ky. (WDRB) — A move in Kentucky could leave thousands of people waiting even longer for their tax refunds this year. Kentuckians are encouraged to apply early to avoid delays. Officials said the Kentucky Department of Revenue “We will temporarily suspend operations.” A new tax portal will be launched for business tax filers from […]
House Budget Republicans eye more than 200 spending cuts, tax changes for major bill
Republican lawmakers on the House Budget Committee are preparing for a broad reconciliation bill expected this year, including more than 200 budget cuts, tax cuts, tariffs and programs like Medicare and Social Security, according to documents shared with The Hill. We are considering the possibility of changes. Different policy options are broken down by committees, […]
Bessent Warns That Failure To Preserve Trump Tax Cuts Would Bring Economy To A ‘Sudden Stop’
Scott Bessent told a Senate committee Thursday that preventing tax cuts enacted during President Donald Trump's first term from expiring is a top priority for lawmakers. Bessent, who was nominated by President Trump to head the U.S. Treasury, testified for several hours Thursday before the Senate Finance Committee, addressing questions about tariffs, Russia sanctions, energy […]
Bessent To Call For Tax Relief For Manufacturers, Service Workers, And Seniors
Reducing the tax burden on U.S. manufacturing, service workers and retirees will be a critical priority for the incoming Trump administration, Trump Treasury nominee Scott Bessent said Thursday, according to prepared remarks. He is scheduled to speak before a Senate committee. “If Congress does not act, Americans will face the largest tax increase in history, […]
Jeffrey Epstein pals could stand to get huge payout as estate grows back to $145M following massive tax refund
Two of Jeffrey Epstein's friends made a fortune after a $112 million tax refund enriched the late pedophile billionaire's once-dwindling fortune with cash, according to a report. There is a possibility that he is scheduled to receive an official payment. Epstein's longtime lawyer Darren Indyke and accountant Richard Kahn, co-executors of his estate based in […]
Sen. Bernie Moreno probes $22B in tax credits for luxury electric vehicles: ‘Obscene public policy’
Newly elected Sen. Bernie Moreno is investigating the roughly $22 billion in tax credits stemming from President Biden's anti-inflation law, which Republicans say are currently subsidizing the purchase of luxury electric vehicles across the country. There is. Biden's $891 billion bill authorizes a number of renewable energy initiatives that could cost U.S. taxpayers up to […]
Confused about all the tax changes in the past decade? Just wait – CNN
CNN — If following the law's tax changes is a sport, then 2017 and 2025 could be called the tax Olympics. Recall that in the first year of President-elect Donald Trump's first term, lawmakers defied expectations and passed the largest overhaul of the tax code in more than 30 years. Now, this year, lawmakers will […]
The Lumbee are NOT a federally recognized tribe, so why are they receiving so many tax dollars?!
The Lumbee Tribe of North Carolina may be recognized by the state, but they have never been successful in gaining the federal recognition they feel they deserve. Although the Lumbee Act of 1956 recognized the tribe as Native American, the Darkwater People have never enjoyed the status, sovereignty, or benefits of a federally recognized tribe. […]
Trump announces creation of new government department to tax other countries
President-elect Donald Trump has announced the creation of a new government department that will require foreign governments to pay tariffs. President Trump called the new department the “Foreign Revenue Service,” after the Internal Revenue Service, which manages federal tax payments from U.S. citizens. “We will start charging those who profit from us in trade and […]