Taxes

Congressional Republicans on Wednesday kicked off debate on House and Senate budget plans that promise slashing cuts to social programs — but whose real purpose is to grease the skids for a sweeping overhaul of the U.S. tax code that would add up to $1.5 trillion to the nation's spiraling debt.

As President Donald Trump and Republican congressional leaders tout their tax reform plan, Sen. Mike Lee (R-Utah), told FOX Business what he's hoping to see in the final legislative text.

The European Union is telling member state Luxembourg to get $295 million in back taxes from Amazon in Brussels' latest regulatory move targeting U.S. tech companies accused of tax avoidance.

Voters in some parts of Alaska are deciding whether to ban commercial marijuana cultivation and retail sales, three years after the nation's largest state passed a voter initiative legalizing the recreational use of the drug.

House Republicans are looking at giving homeowners a choice between taking the deduction for local property taxes or the one for mortgage interest.

Several business groups asked the state's highest court Tuesday to block a proposed surtax on the state's highest earners from going before Massachusetts voters next year.

The idea of cutting taxes for corporations is something Americans have long felt was a bad idea.

Homeowners would be forced to choose between two popular tax deductions for local property taxes or mortgage interest under a potential compromise that House Republicans are considering as they craft the evolving tax revamp.

Cable operator Charter Communications has announced plans to build a new 15-story headquarters in Connecticut and add another 1,100 jobs there, with the help of up to $20 million in loans and tax credits from the state.

One of the chief architects of the sweeping tax revamp proposed by President Donald Trump and congressional Republicans isn't yet saying whether promised cuts under the plan would be retroactive to the start of the year.

The Republican candidate to succeed Chris Christie in this year's election says the part of GOP President Donald Trump's tax overhaul plan that eliminates property tax deductions would be "disaster" for New Jersey.

President Donald Trump and the Republican Party unveiled the framework for their long-awaited tax overhaul last week, and on Monday, Moody’s Investors Service said the plan would likely be a negative credit event for the United States government, though positive for most sectors of the economy.

TAX PROPOSAL The Republican-backed tax proposal announced last week addresses concerns of some small business groups but also raises questions that it could create a tax loophole for wealthy people.

Adding freezes to your credit reports is an appropriate response to the massive Equifax database breach that exposed the private information of 143 million Americans.

President Donald Trump's top advisers say his proposed tax plan would not cut taxes disproportionately for the rich — despite an early non-partisan analysis that says it will.

Chief White House economic adviser Gary Cohn on Sunday discussed some details of the recently-announced Republican tax reform framework during an exclusive interview on “Sunday Morning Futures.”

President Donald Trump's top advisers say his proposed tax plan would not cut taxes disproportionately for the rich — despite an early non-partisan analysis that says it will.

Colorado Gov. John Hickenlooper is betting state lawmakers can fix a mistake in an intricate spending law without jeopardizing hard-won compromises that spared rural hospitals drastic budget cuts and provided $1.9 billion for transportation.