Nearly 80% of Americans forecasting economic difficulty in new year, poll finds
Many adults in the U.S. have somber predictions about how America will fare economically in the new year, according to a Gallup poll released Tuesday.
Consumers are 'right to being pessimistic' about their income: Tomas Philipson
University of Chicago economist Tomas Philipson discusses the Inflation Reduction Act's impact on energy policies, tax changes, and Americans' concerns with the U.S. economy.
New York's first legal weed shop opens, officials hope budding industry will be tax revenue boon
New York's first legal recreational marijuana dispensary, Housing Works Cannabis Co, opened in Lower Manhattan on Thursday, with dozens of others on the way.
IRS updates guidance on 1099-Ks: What to know
The IRS issued an updated frequently asked questions document about common taxpayer questions regarding Form 1099-K, including the recently delayed $600 reporting threshold.
IRS hiking interest rates Jan. 1
The Internal Revenue Service will raise interest rates for overpayments and underpayments at the start of the new year for both individuals and corporations.
Top Democratic congresswoman has up to $1 million in fund tied to Cayman Islands
Rep. Suzan DelBene, D-Wash., who was recently selected to lead Democrats' 2024 House election effort, has up to $1 million tied up with a hedge fund operating in the Cayman Islands.
New corporate stock buyback tax poised to take effect in 2023: What to know
The 1% tax on share repurchases passed by Democrats earlier this year begins in January, but many companies say they remain unfazed by the new penalty.
America's 'monstrous debt' is increasing exponentially: Tomas Philipson
Former Acting Council of Economic Advisers Chair Tomas Philipson addresses America's debt problem after the Senate passed Biden's $1.7T spending bill on 'Cavuto: Coast to Coast.'
IRS delays new tax-reporting rule on Venmo, PayPal payments over $600
A controversial new tax-reporting policy involving payments over $600 on e-commerce platforms like eBay and Etsy will be delayed by one year, the IRS said.
The level of taxation in Americans’ lives is ‘unsustainable’: Matt Schlapp
American Conservative Union Chairman Matt Schlapp breaks down Democrats’ $1.7 trillion omnibus bill along with the latest news emerging from the ‘Twitter Files.'
Donald Trump's tax returns expected to finally become public in coming days
Former Deputy Assistant Attorney General Tom Dupree breaks down what might be found in former President Donald Trump's tax returns on 'The Evening Edit.'
Bad economic news will be good for the market: Teddy Weisberg
Seaport Securities founder Teddy Weisberg and Prosper Trading Academy CEO Scott Bauer reveal where investors can find buying opportunities heading into in 2023 and analyze Fed policy on 'The Claman Countdown.'
Biden's border crisis a 'catastrophe' for every state in America: Susana Martinez
Former New Mexico Gov. Susana Martinez explains how the illegal immigration problem evolved into the 'disaster' it is today on 'Cavuto: Coast to Coast.'
US economy needs a 'total restructuring of government': Art Laffer
Former Reagan economist Art Laffer argues the stock market is in a 'long secular decline' in asset values and growth that will last much longer than one economic cycle to on 'Cavuto: Coast to Coast.'
Biden's actions show he intentionally caused border crisis: Rep. Nicole Malliotakis
House Foreign Affairs Committee member Rep. Nicole Malliotakis, R-N.Y., argues Biden deliberately caused the border emergency on 'Varney & Co.'
Tax reporting nightmare creates a 'disaster' scenario for Americans: Reform expert
Americans for Tax Reform President Grover Norquist warned millions of taxpayers will face a "disaster" scenario with the IRS' new rule on third-party payment apps.
Releasing Trump's tax returns will result in 'even more leaking': Andrew McCarthy
Fox News contributor and former federal prosecutor Andrew McCarthy reacts to Congress releasing six years' worth of Donald Trump's tax returns.
Rep. Byron Donalds rips Senate Republicans over Biden's $1.7T spending bill: It's a 'disaster'
Rep. Byron Donalds, R-Fla., slams Mitch McConnell for signing off on Biden's $1.7 trillion spending package, arguing Senate Republicans should not be voting for this bill during his appearance on 'Varney & Co.'
5 things to know about your 2023 taxes
There are a number of notable changes taxpayers should be aware of in the 2023 tax year as the IRS updates brackets, caps, and thresholds to account for inflation.
New IRS tax rules on Venmo, PayPal payments over $600 could 'overburden' Americans
Taxpayers need to prepare to report transactions exceeding $600 that are received through Venmo, PayPal and other cash apps to the IRS starting in 2023.