After days of unrest that included widespread rioting in Paris, the French government relented Tuesday and agreed to suspend utility hikes and a controversial fuel tax, the country’s prime minister announced.
A small group of Democratic and Republican House lawmakers introduced Tuesday night the first bipartisan carbon tax legislation in nearly a decade as a way to combat climate change.
The federal government collected record total tax revenues of $252,692,000,000 in October, the first month of fiscal 2019, according to the Monthly Treasury Statement released Tuesday.
The Republican Party expanded its majority in the U.S. Senate in Tuesday’s divisive midterm elections, riding a Trump train fueled by red-state enthusiasm right through the rough political headwinds that knocked the GOP from power in the House of Representatives.
The White House and Republican members of the House committee responsible for tax policy promised Wednesday to work on a 10 percent middle-class tax cut in the next Congress.
The U.S. House of Representatives’ leading lawmaker on taxes suggested on Sunday that a new tax cut plan touted by President Donald Trump was unlikely to see action in Congress before 2019, and then only if Republicans keep their majority in Nov. 6 elections.
President Trump called for new, major middle-class tax cuts on Monday, adding to comments made over the weekend, but backpedaled on the timing, saying they would come after midterm elections.
U.S. President Donald Trump said the administration was studying a tax cut for middle-income earners that could be rolled out some time around the beginning of November, just before pivotal congressional elections.
Individual income taxes are the federal government’s single biggest revenue source. In fiscal year 2018, which ended Sept. 30, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues, according to the Congressional Budget Office.
While the nation was riveted with the testimonies of Christine Blasey Ford and Supreme Court nominee Brett Kavanaugh last week, the US House of Representatives was busy passing a legislative package known as ‘Tax Reform 2.0.’
The Palestinian Authority has demanded that the Israel government transfers $360 million in back taxes it has collected for commercial activity in Area C of the West Bank.
The European Parliament passed sweeping copyright legislation Wednesday that, much like its privacy regulations, could have impact far beyond Europe.
A Republican-led panel in the U.S. House of Representatives voted on Thursday to make permanent individual tax cuts from President Donald Trump’s 2017 tax overhaul, a move widely seen as a partisan ploy to help Republican candidates in the Nov. 6 congressional elections.
The federal government collected a record $1,521,589,000,000 in individual income taxes through the first eleven months of fiscal 2018 (October 2017 through August 2018), according to the Monthly Treasury Statement released today.
Several new reports are providing the latest proof that the US economy is booming right now.
Republicans have poll-tested a Contract with America-style agenda to carry into the fall elections as they ponder whether they need to give voters a bolder plan for what they will do if they keep control of Congress.
House Republicans have introduced legislation to lock in cuts to individual tax rates beyond 2025, a proposal that will have trouble advancing in the Senate but which sends a signal about GOP priorities ahead of competitive midterm elections.
President Donald Trump will sign an executive order on Friday aimed at boosting retirement savings, giving Americans more time to keep their money in tax-deferred accounts and allowing small businesses to band together to offer 401(k)s.
Palestinian leaders are betting their future on President Donald Trump being impeached by Democrats following the mid-term elections, according to Arabic language comments by a senior Palestinian government leader who praised Special Counsel Robert Mueller for targeting Trump and his top allies.
The U.S. economy grew 4.2 percent in the three months through June, slightly faster than initially reported and the most in four years.