The House is set to vote on a bill Monday night that would slash billions from the IRS, fulfilling newly elected GOP Speaker Kevin McCarthy’s pledge to cut the agency’s funding in an effort to prevent audits on Americans.
Former U.S. President Donald Trump faced more hurdles on his attempted path to re-election Saturday after Democrats in Congress released thousands of pages of what they view as controversial tax returns.
The House Ways and Means Committee will release former President Donald Trump’s tax returns on Friday, ending a years-long effort by Democrats to force the 45th president to release his personal finances.
As European legislators prepared for their long Christmas holidays, Hungary’s prime minister advised them not to return.
The House Ways and Means Committee voted Tuesday to release former President Donald Trump’s tax returns, a major win for Democrats who have been seeking the records for years.
A U.S. House of Representatives committee has obtained Donald Trump’s tax returns, following a years-long court fight with the Republican former president who accused the Democratic-led panel of being politically motivated, CNN reported on Wednesday.
The Supreme Court on Tuesday cleared the way for the imminent handover of former President Donald Trump’s tax returns to a congressional committee after a three-year legal fight.
Congress cannot access the tax returns of former President Donald Trump until the Supreme Court considers the issue on the merits.
The monthly federal budget deficit was up 562 percent from September of last year, according to Treasury Department figures released Friday, mainly due to President Joe Biden’s student debt forgiveness plan.
The federal government collected a record $4,896,119,000,000 in total taxes in fiscal 2022 (October 2021 through September 2022), according to the Monthly Treasury Statement released today.
New Zealand cattle and sheep farmers have engaged in over 50 nationwide demonstrations, protesting the government’s proposed plans to tax climate-heating gasses that farm animals release when burping, Sky News reports.
Britain’s embattled Prime Minister Liz Truss fired her Finance Minister Kwasi Kwarteng on Friday and deleted parts of their economic package in a desperate bid to stay in power and reassure markets after financial turmoil.
Federal agents have gathered enough information to feel confident in charging President Biden’s son Hunter Biden with several tax- and gun-related crimes, according to a news report Thursday.
President Biden has passed 99 executive orders since becoming president and a federal budget expert has estimated that the cost to taxpayers will be upwards of $1.5 trillion, with his recent student loan forgiveness accounting for a huge portion of that amount.
The federal government collected a record $4,104,725,000,000 in total taxes in the first ten months of fiscal 2022 (October through July), according to the Monthly Treasury Statement.
The Inflation Reduction Act of 2022 would increase taxes on nearly every American despite claims made by President Biden.
The White House said Monday that Republicans are wrong to claim that Democratic legislation would increase taxes for those earning less than $400,000 annually.
Israel’s security cabinet on Sunday voted to withhold almost $180 million from tax revenue that the country collects on behalf of the Palestinian Authority (PA), to offset funds paid to families of Palestinian terrorists.
The US federal government collected a record $3,835,390,000,000 in total taxes in the first nine months of this fiscal year, the new Monthly Treasury Statement of Receipts and Outlays of the United States Government (MTS) reports. The Fiscal Year-to-Date (FYTD) budget deficit through June was $515 billion, a $1.723 trillion (-77%) decrease from the same period last year.
The G20 Finance Summit in Indonesia ended yesterday without a final joint communique, as intense divisions over Russia’s invasion of Ukraine prevailed among leaders of the world’s twenty richest countries, the Associated Press (AP) reports. Aside from the Russian invasion issue, the finance ministers in attendance at the summit did agree on the need to address global challenges such as decades-long high inflation and food insecurity.
