Taxes

You could see it coming....a revolt. Politicians, both Democrats and Republicans are up-in-arms about deducting state and local taxes. There is a proposal to end that deduction. That is a very big deal, especially in states where local taxes are high and the deduction is very important -- New York and California in particular. Cut that deduction, and high income people might end up paying more.

President Donald Trump.

President Donald Trump's economic adviser is pushing back against the suggestion that the administration's tax plan could benefit the wealthy.

House Speaker Paul Ryan is confronting a career-defining challenge as he sets out to sell a GOP tax overhaul that Republicans are counting on to keep them in control of Congress.

The Latest on a bill to prevent a shutdown of federal aviation programs and provide tax relief to hurricane victims (all times local): 1:45 p.m.

The House passed a bill Thursday to avoid a partial shutdown of federal aviation programs, and also wrapped in tax relief for hurricane victims and an expansion of the private flood insurance market.

Gary Cohn, chief economic advisor to President Trump, on Thursday assured Americans that the tax cut plan he co-created as it stands will not be a tax cut for the wealthy.

President Donald Trump and Republican lawmakers released details of their long-awaited tax reform overhaul on Wednesday, but while they say it is aimed at helping the middle class, some say average Americans will be dealt a financial blow by eliminating state and local tax deductions (SALT).

The National Football League’s Oakland Raiders are looking into constructing a brand new $1.3 billion stadium near the Las Vegas strip and, like other NFL franchises have in the past, it is counting on using massive amounts of taxpayer money to do so.

Treasury Secretary Steven Mnuchin said Thursday President Donald Trump’s proposed tax cut plan will reduce the deficit by a trillion dollars.