Josh Wingrove

Senator Ted Cruz said he expected lawmakers to discuss the deficit impact and suggested it would be better structured as a tax refund with work requirements.

The Trump administration delayed 50% tariffs on billions of dollars of Canadian products for three days, saying the two sides had reached a tentative agreement.

President Trump is looking for new policy pledges he can present to voters, including potentially calling on Congress to cut capital gains taxes.

Trump downplayed the likelihood that Republican lawmakers will be able to add tax cuts or other economic priorities to entice voters ahead of the midterms.

Trump's aides are discussing making the Treasury chief the top White House economic advisor, in addition to his current job, plus acting IRS commissioner.

The initiative from the president's tax law has drawn support from corporate and financial leaders.

President Trump plans for new tariffs to boost the domestic film and furniture industries are sweeping — and confusing.

Under the initiative, the government would make the one-time contribution into a tax-deferred, low-cost index fund that will track the overall stock market.

President Trump's appetite for new tariffs remains undeterred, even after a pair of court decisions hit his duties with their most devastating blow yet.

The Democrat-led states alleged the tariffs amount to a massive tax on American consumers and infringe on the authority of Congress.

The highest average tax rate on imports in more than a century could raise prices and stunt economic growth.

President Donald Trump took the lectern Tuesday for his primetime address beset by warning signs about the U.S. economy.

Trump signed an executive order undertaking a massive regulatory review to fulfill his campaign pledge of eliminating rules stifling businesses and innovation.

The tariffs will apply widely to all U.S. imports of steel and aluminum, including from Canada and Mexico, among the country's top foreign suppliers of the metals.

Canadian Prime Minister Justin Trudeau will impose 25% tariffs against U.S. goods, while Mexican President Claudia Sheinbaum also pledged retaliation.

Trump said in his inaugural address that "instead of taxing our citizens to enrich other countries, we will tariff and tax foreign countries to enrich our citizens."

President Joe Biden also warned that Donald Trump's plans to extend tax cuts and reshape global trade through tariffs risked reversing economic gains.

Kamala Harris will deliver a speech "to outline my vision for the economy." Donald Trump, meanwhile, is set to offer remarks in swing-state Georgia on a plan to lower taxes for U.S. business owners.

The vice president noted her plans for expanding the child tax credit, offering mortgage assistance to new homebuyers, and a deduction for small businesses — while attacking Trump over proposed tariffs.

She also reiterated a call to end taxes on tips for service and hospitality workers, a proposal Trump made first.