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…