Campaigns and political party platforms provide limited policy details. That’s by design: especially in a campaign, politicians tend to accentuate what they will do ...

The fate of a government agency’s funding is always precarious—and especially so for the Internal Revenue Service, one of the most unpopular federal agencies ...

Negotiations are underway to fund the government after Oct. 1.

Donald Trump would exempt overtime pay from tax. Kamala Harris and Trump both agree that tips should be exempt. There are lots of tax exclusions in the tax code, but this form of tax subsidy is ...

The Inflation Reduction Act (IRA) of 2022 enacted an $80 billion 10-year investment in the Internal Revenue Service on top of the agency’s regular annual appropriations. Although Congress cut the IRA ...

Only a handful of all employees and fewer than 60 percent of tipped workers would benefit from proposals to exempt gratuities ...

Spending bill fails in the House. Speaker Mike Johnson (R-LA) brought a short-term spending bill to the floor yesterday, but it failed to secure the votes needed for passage. Funding for the federal ...

Trillions of dollars of unrealized capital gains permanently escape taxation, disproportionately benefitting the richest ...

Tune in at 10:00 am for “The Tax Cuts and Jobs Act of 2017: Lessons learned and the debate ahead.” ...

The global minimum tax is yet to have much impact on US companies. A Bloomberg Tax analysis finds only four of the 100 largest US multinational companies thus far have reported material impacts from ...

Maine will issue its first corporate tax transparency report in January. Maine Revenue Services will provide the state legislature with a corporate tax revenue report on Jan. 31, ...

Total state government tax revenue collections rose 3.0 percent in nominal terms and 0.6 percent in real terms in the first quarter of 2024 relative to a year earlier Key tax revenue sources showed ...