Johnson thinks he has a simple idea for the ”big, beautiful bill”—cut spending down to inflation-adjusted, pre-pandemic ...

New details in the president's budget detail some of the proposed workforce reductions, though the final cuts will likely be ...

This post covers five particularly notable provisions for states: increasing deductions for state and local taxes (SALT) paid ...

Palantir shares hit a record high for the second straight day on Monday, as the AI-powered analytics software provider ...

The tax bill passed by the House of Representatives would extend the federal government’s temporary cap on state and local tax (SALT) deductions as a way of partly offsetting some of the costs of ...

Tariff revenue ... The federal budget deficit, at more than $1 trillion, is 23% higher so far this year than last year, despite the extra money brought in by the tariffs. In 2024, the government ...

But is it enough to replace the income tax as the main source of funding for the federal government ... As that data fills in this chart, it creates a staircase we can search for clues to how ...

Includes tariff revenues and certain excise taxes remitted ... included a large recent spike in the amount of money the federal government is collecting in customs duties. But amid the ...

Announcing a May 3 federal election on Friday ... prices caused by Russia’s invasion of Ukraine, the government reaped a $400 billion revenue windfall that allowed it to deliver two consecutive ...

Aside from the Covid pandemic years, the Abbott-Turnbull-Morrison government’s spending peaked at 25.5 per cent. Ever get that creeping feeling you’re paying more than your fair share of tax?

Senate Democrats are expected to vote against a stopgap funding bill today, which means the federal government could shut ... Taxes: The Internal Revenue Service would keep working.