Republicans are currently in misalignment over whether to accept tax increases for the wealthy in their reconciliation bill.

President Donald Trump’s effort to do as much as possible as quickly as possible to remake the federal government would gut ...

“Remember, Tax Exempt Status is totally contingent on acting in the PUBLIC INTEREST!” Harvard is the first major college to stand up to Trump’s demands, triggering a war between two ...

India’s reaction to the Pahalgam attack, including missile strikes and a push for militarisation, risks deep economic strain.

L ove it or hate it, it’s that time of year again when Americans face their annual reckoning with Uncle Sam: April 15 or, ...

Prioritizing extreme deficit reduction is forcing Republicans to take positions that threaten the bonds of their coalition.

Donald Trump stunned a Fox News host when he suggested that his tariffs could replace income tax ... Meanwhile, Steve Bannon ignited a new MAGA civil war. This live blog is now closed.

As Americans file their taxes this tax season, the Trump administration threatens to unravel the modern fiscal state.

The U.S. first implemented a progressive income tax system in 1862 to fund the Civil War, but the modern framework took shape with the 16th Amendment in 1913. The amendment gave the federal ...

President Abraham Lincoln first added a federal income tax with the Revenue Act of 1861 to help fund the Civil War. Taxes were based on assessments, not voluntary tax returns, and the dates they ...