Like many who may be reading this piece, I’m honored to have a few friends I’d say would be on the upper-middle-class (if not upper-class) end of the spectrum. When it comes to tax return time, they’re the type to moan and groan (whereas most may be cheering the refund that will hit their account

WASHINGTON (AP) — The federal budget deficits caused by President Donald Trump’s tax and spending law could trigger automatic cuts to Medicare if Congress does not act, the nonpartisan Congressional Budget Office reported Friday.

The 'One Big Beautiful Bill Act' (OBB), signed by President Donald Trump, is set to bring significant changes to the U.S. tax landscape. This expansive legislation aims to extend the 2017 tax cuts and introduce new deductions,

Recent analysis from the Congressional Budget Office estimated that Medicare spending would see steep cuts over roughly the next decade absent congressional action, following passage of President Trump’s major tax law last month.

President Donald Trump’s tax and spending law will result in less income for the poorest Americans while sending money to the riches, according to a new report from the nonpartisan Congressional Budget Office.

Several states have raised taxes on wealthy residents to narrow state budget deficits and offset expected declines in federal funding for programs like Medicaid.

P resident Donald Trump has removed Billy Long, the head of the Internal Revenue Service (IRS), and temporarily replaced him with Treasury Secretary Scott Bessent, The Associated Press and New York Times reported on Friday. Long announced on social media after the news broke that he will take on a new role as the U.S. ambassador to Iceland.

The One Big Beautiful Bill Act, signed by President Trump on July 4, 2025, introduces significant tax reforms aimed at reducing the tax burden for Americans. Among its provisions, three key deductions stand out,

Social Security benefit taxes remain in place, even after the OBBB's passage.

President Donald Trump’s move to extract a 15% sales tax from Nvidia Corp. on certain semiconductors sold in China did nothing to damp investor enthusiasm for the world’s most valuable company.

Trump is creating the most beautiful government revenue model since Pope Leo X discovered he could sell indulgences to fund St. Peter’s Basilica. Remember when government export controls were about national security?