The poorest fifth of Americans would receive 1 percent of the House reconciliation bill's net tax cuts in 2026 while the ...

T he Congressional Budget Office (CBO) has conducted a thorough analysis of the Republican tax and spending plan, revealing a stark disparity in its impact on different income gro ...

Republicans’ tax-and-spending cut bill will take from the poor and give to the rich, Congress’s official scoring body has ...

A Republican-backed bill, the "One Big Beautiful Bill Act," proposes extending 2017 tax cuts, potentially delivering $3.1 ...

Despite a brief market scare, the richest 10 Americans got $365 billion richer over the past year, according to a new analysis from Oxfam.

Senate Bill 5814 is relied on to raise $1 billion for the next biennium, mostly by applying the retail sales tax to more services, such as digital advertising and temporary staffing. There is also a ...

FILE - Speaker of the House Mike Johnson, R-La., talks to reporters just after House Republicans narrowly approved their budget framework, at the Capitol in Washington, April 10, 2025. WASHINGTON ...

The bottom line is that repealing the estate tax may hurt both taxpayers and the government. People with sufficient wealth to exhaust the high exemption are likely to have established estate plans ...

Congress is deep into drafting President Donald Trump's big bill of tax breaks, spending cuts and beefed-up funding to halt migrants, but it's “bumpy,” one Republican chairman says ...

One of the world’s wealthiest individuals, with a net worth of US$113 billion, Mr Gates is on a two-day visit to Singapore. On May 5, he met Prime Minister Lawrence Wong and Senior Minister Lee ...