The Congressional Budget Office on Friday forecast a $1.865 trillion U.S. budget deficit for fiscal 2025, largely flat with ...

Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law.

The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars ...

A bill that phases out the state income tax, cuts the state grocery tax and raises sales taxes and gasoline taxes has passed ...

Canada’s foreign minister is warning Americans they will be paying a “Trump tariff tax” if President-elect Donald Trump ...

U.S. clean energy tax subsidies under President Joe Biden's signature Inflation Reduction Act will boost U.S. budget deficits ...

Americans making $50,000 could see their tax bills grow by over $1,000 if Congress doesn't intervene.

Scott Bessent summarized the incoming administration’s perspective perfectly: Yes to tax breaks for the wealthy, no to ...

Extending the tax law that’s set to expire would add $4.6 trillion to the national debt — so some GOP lawmakers want to ...

House conservative proposals to raise corporate taxes to offset the cost of President-elect Trump’s tax package are going ...

Maryland Gov. Wes Moore has included higher income tax rates for taxpayers who make more than $500,000 in his budget plan, as ...