The majority of Americans support Donald Trump’s pledge to end taxes on tips, a new poll has found. Polling conducted exclusively for Newsweek by Redfield & Wilton Strategies showed that 67 percent of Americans do not believe tips given to service workers should be taxed. Republican nominee Trump, as part of his 2024 presidential campaign, […]
The price for owning a home is rising rapidly – and we’re not just talking about mortgage payments. US homeowners are now paying an average of $18,118 a year on property taxes, homeowners’ insurance, maintenance, energy and various other expenses linked to owning a home, according to a new Bankrate study. That’s nearly the cost […]
The IRS says it is about to ramp up audits as it cracks down on tax cheats and seeks to deliver more revenue into the U.S. Treasury’s coffers. But not every group of taxpayers will face more scrutiny, according to IRS commissioner Danny Werfel. The IRS has been bolstered by $80 billion in new funding […]
The Supreme Court on Monday said it will not speed up the process for getting President Donald Trump’s legal battle with House Democrats over the president’s business records back into the lower courts. The House legal counsel had asked the court to immediately put into effect its decision this month that said while Trump did […]
Senate Majority Leader Mitch McConnell on Monday insisted the U.S. government will raise the debt ceiling and avoid defaulting on its debt. “There is zero chance — no chance — we won’t raise the debt ceiling. No chance,” McConnell said at an event in Kentucky with Treasury Secretary Steven Mnuchin. “America’s not going to default. […]
Texas Gov. Greg Abbott on Sunday night signed what he calls a ban on so-called “sanctuary cities” that allows police to ask about a person’s immigration status and threatens sheriffs with jail if they don’t cooperate with federal authorities. Texas pushed to the forefront of national debate over immigration Sunday night when Republican Gov. Greg […]
Is a guaranteed paycheck from the government, with no strings attached, the answer to the relentless rise of automation? The concept might sound far-fetched, but a so-called universal basic income (UBI), is currently one of the most hotly debated policy topics being floated as a means to address income inequality and the disruption that technology […]
Pickens made the disclosure about his tax bill to CNN’s Carol Costello in a joint interview with billionaires Ken Langone and Leon Cooperman. The conversation touched on the three men’s wealth, their charitable work, and the current presidential election. Pickens, who fell off the Forbes billionaires list in 2014, said he isn’t paying taxes because […]
