Tax Reform

The Trump administration is pressing Congress to dramatically expand the number of business-friendly tax cuts in a budget bill that's already complicated and costly.

Why it matters: New additions, such as full expensing to build new factories in the U.S., are leading to confusion among senators and staffers on what President Trump absolutely must have in his tax bill, and how much it will ultimately cost.

• "Everything here comes down to, how do you pay for it and how does it fit into our other priorities?" Sen. Tom Tillis (R-N.C.) told Axios...

President Donald Trump on Sunday night reiterated an extraordinary ambition he and members of his administration have voiced from time to time throughout his young second term: One day, Americans won’t pay any more income tax, and you’ll have Trump’s tariffs to thank for it.

ENFORCING THE HYDE AMENDMENT: On Friday, President Donald J. Trump signed an Executive Order to end the use of Federal taxpayer dollars to fund or promote elective abortion.

As Congress debates budget bills proposing deep cuts in federal spending, Biden-era tax credits for clean energy have gained crucial support among some Republican lawmakers and voters.

Four Republican senators wrote to their party's leadership April 9 to "caution against the full-scale repeal" of tax credits in the Inflation Reduction Act (IRA) that support investments in renewable energy installations, battery manufacturing, energy efficiency improvements and the production of alternative fuels.

President Donald Trump is considering a proposal put forward by some Republicans to raise the corporate tax rate to offset trillions of dollars in other tax cuts proposed by the White House, which would break from his 2024 campaign platform.

One of billionaire Elon Musk's allies has been installed as the head of the Treasury Department bureau that manages the nation's most powerful payment system after the tech mogul pushed out a career civil servant who previously held the role, according to sources.

Oregon taxpayers will become some of the first in the nation to have the option to self-identify their race and ethnicity when they file their tax returns next year.  

The reason is both simple and complex: Especially at the state level, taxes worsen America’s yawning wealth gaps rather than easing them. A growing number of advocates and policymakers are trying to do something about that. 

Here comes Americans’ favorite day – April 15, Tax Day! In the land of “No taxation without representation,” we Americans throw a fit over how much we fork over to the government, which taps into related complaints over government waste, budget deficits and more.