Taxes

Kansas collected $7.6 million more in taxes than anticipated in July, which was the first month under an income tax increase enacted by legislators by overriding Republican Gov. Sam Brownback's veto.

The Latest on Gov. Scott Walker and state legislators' work to bring a Foxconn plant to southeastern Wisconsin (all times local): 3:45 p.m. President Donald Trump says electronics manufacturer Foxconn may end up making a $30 billion investment, triple what it's agreed to do in Wisconsin.

After failed attempts to get health care through the Senate, the GOP is turning to tax reform, which will be an opportunity to address other policies.

At least one other state offered Foxconn more than the $3 billion incentives package Wisconsin used to lure a plant that will be the electronics giant's first in the U.S., Gov. Scott Walker said Tuesday.

Pfizer is reporting second-quarter profit of $3.07 billion.

Most Senate Democrats and independents said Tuesday that upcoming legislation to rewrite the tax code should make sure the middle class doesn't pay more.

Puerto Rico is joining more than two dozen U.S. states in pinning a little of its future on medical marijuana.

Senator John Kennedy (R-LA) told the FOX Business Network’s Stuart Varney Tuesday that it’s time for the Senate to “grow up.”

While health care talks broke down after Republicans failed to gain a single vote to repeal ObamaCare from lawmakers on the other side of the aisle, Democrats and Independents said Tuesday they may be willing to come to the table on another policy debate: tax reform.

The Trump administration will tout small business success on Tuesday as part of its “American Dream Week”, while tax reform takes center stage for Republicans.

On the day the Senate failed to pass a replacement for the Affordable Care Act, House Speaker Paul Ryan (R-Wis.) held a meeting with some of Washington D.C.’s most powerful lobbyists and think tanks to assure them tax reform will not face the same issues as the debacle to repeal ObamaCare, FOX Business has learned.

The White House is setting an aggressive deadline to pass the first tax code rewrite since 1986.

As the White House turns its attention toward tax reform, National Economic Director Gary Cohn said Monday that lawmakers will have a piece of legislation written in three to four weeks.