STEVE FORBES, KEN BLACKWELL: Trump tax cuts 2.0: Will Congress meet the moment or blow it?
Kudlow panelists Ben Domenech and Steve Forbes will unpack the house battle over budget resolutions. On the eve of another painful tax day, the US Congress has a fateful appointment. When American families face overwhelming weight of high prices and economic uncertainty –Caused by the Biden administration’s failed policies– Washington has a historic opportunity to […]
4 Senate Republicans warn against ‘full-scale’ repeal of energy tax credits
A group of four Senate Republicans warned against the “full” abolition of the energy tax credit passed by Democrats in 2022. “We support fiscal responsibility and careful efforts to streamline tax laws, but we warn against the full-scale abolition of credit today, which could cause great disruption to the American people and undermine our position […]
IRS extends tax deadline for Floridians. Here’s why and when they’re now due – WKMG
Orlando, Florida. – Floridians are currently required to file their federal tax returns until May 1, 2025. Internal Revenue Agency. The IRS announced it after Hurricane Milton ripped Florida on October 5, 2024. According to the IRS, the extension applies to Florida individual and business tax returns. “This declaration allows the IRS to postpone certain […]
IRS Extends 2025 Tax Deadline in At Least 9 States. See the List – TODAY.com
It is almost tax day in the US, but due to natural disasters in 2024 and 2025, some states have been implementing automatic deadlines extensions. The Internal Revenue Service began accepting tax returns on January 27th, with millions of taxpayers already filing their taxes. Taxpayers must file and pay their taxes by April 15, 2025 […]
EU could tax Big Tech’s digital ad revenue if Trump trade talks fail: Ursula von der Leyen
The European Union could retaliate with new taxes on American tech giants like Google and Meta if trade negotiations fail with President Trump, said top EU officials. Ursula von der Leyen, the president of the powerful European Commission, issued a warning after Trump approved a 90-day suspension of mutual tariffs on other countries except the […]
IRS urges timely tax filing ahead of April 15 deadline to avoid penalties and interest – KRNV
Reno, Nevada – With the April 15 tax return deadline approaching, the IRS is urging taxpayers to file on time to avoid penalties and benefits. IRS spokesman Raphael Tulino highlighted the importance of filing by saying, “If there are requirements to file, you should do so. Avoid penalties and interest that can be put on […]
GOP lawmakers’ budget framework will raise debt limit, pass Trump border, energy and tax bill all before June
WASHINGTON – Congressional Republicans are moving forward with plans for a re-appointed budget resolution that sets different thresholds to cut federal spending, but they still aim to raise the country's debt limits to trillions, and pass President Trump's border, energy and tax priorities by anniversary. House Gop Aide told the Post that “target cuts” in […]
Mississippi phasing out income tax, reducing tax on grocery sales
Republican Mississippi Governor Tate Reeves ratification Thursday's law eliminated his state's individual income tax by 2037 due to an annual decline. The bill also cuts tax on grocery sales from 7% to 5%, and raises gas taxes in three years by 9 cents. “Mississippi no longer taxes jobs, income or their people's ambitions,” governor said. […]
Deep red state makes major announcement about income tax: ‘We plant our flag’
First on FOX: Mississippi taxpayers will receive substantial relief from the progressive elimination of state income taxes. The Republican government signed the law on Thursday evening, signing a law that would lower that tax from 4.7% to zero over the next few years, including a decline to 3% by 2030 and ultimately to zero. House […]
Tax, spending divisions rankle Republicans despite momentum on reconciliation
Republican leaders of the House and Senate came out from a meeting at the Treasury Department Tuesday afternoon. But lawmakers on the main committee are sounding nervous about issues surrounding the bill, from the department around the bill to cut spending and accounting assumptions to the widespread scope of the law itself. “I think it's […]