WASHINGTON (AP) — At some 940-pages, the legislation is a sprawling collection of tax breaks, spending cuts and other Republican priorities, including new money for national defense and deportations. Now it’s up to Congress to decide whether President Donald Trump’s signature’s domestic policy package will become law. Trump told Republicans, who hold majority power in…
WASHINGTON (AP) — President Donald Trump said Friday that he’s suspending trade talks with Canada over its plans to continue with its tax on technology firms, which he called “a direct and blatant attack on our country.” Trump, in a post on his social media network, said Canada had just informed the U.S. that it…
It may seem as if Treasuries are the better bet these days with the US stock market back near record highs and government securities offering respectable yields again. But stocks are still likely to pay more. The urge to ditch stocks is understandable. There’s a lot of uncertainty out there, much of which could have…
As a Republican-backed bill moves ahead in the House, proposed tax cuts under the measure include some new and surprising changes that could impact the wallets of millions of Americans. On Wednesday, the House Ways and Means Committee voted in favor of the bill, which would make Mr. Trump’s 2017 tax cuts permanent while also…
Trump considers taxing the rich as his agenda hits new roadblock – CBS News Watch CBS News A California judge paused the Trump administration’s efforts to drastically downsize the government. President Trump is now suggesting taxing the rich as a way to pay for his plans. Willie James Inman has more. Be the first to…
The Trump administration’s plan to trim the IRS workforce has resulted in almost one-third of its tax auditors leaving the agency through March, according to a report from the U.S. Treasury Department’s watchdog. Elon Musk’s Department of Government Efficiency, or DOGE, has sought to trim the federal workforce through a combination of layoffs and so-called…
President Trump describes his administration’s sweeping new tariffs on other countries as a tool for accomplishing a range of key economic goals, including reviving U.S. manufacturing. Recently, he’s been highlighting another aim: Lowering, or even eliminating, individual income taxes for most Americans. “When Tariffs cut in, many people’s Income Taxes will be substantially reduced, maybe…
Data shows the IRS’ Direct File free tax-filing tool has helped save taxpayers money. Now lawmakers want to know why the Trump administration may soon pull the plug on the program. The Trump administration is planning on ending Direct File, the Associated Press reported earlier this month, citing people familiar with the plan. The program,…
If you’re still scrambling to get your taxes filed before the April 15 deadline, an extension can take the pressure off. Normally, the IRS recommends that people file their income tax return as early as possible. But that’s not always feasible, whether because of personal circumstances or a complicated tax situation. For those in a bind,…
BANGKOK (AP) — Asian shares sank Friday after U.S. stocks gave up much of their historic gains from the day before. The deepening worries over President Donald Trump’ s trade war initially helped pull Japan’s Nikkei 225 share index down 5.6%. By mid-morning in Tokyo, it was down 4.7% at 32,969.95. The yen surged against…