
Laura Davison
Capitol Hill tax reporterLaura Davison is a Capitol Hill tax reporter at Bloomberg News
Laura Davison is a Capitol Hill tax reporter at Bloomberg News
Millions fewer people got tax refunds this year under the tax law overhaul that altered rates and paycheck withholding starting in 2018, according to new figures from the IRS.
For Americans who couldn’t figure out how to pay their taxes in April after Republicans overhauled the tax code, there is a new day of dread for accountants: Oct. 15.
Treasury’s inspector general is investigating how the department handled a request from Congress to turn over President Donald Trump’s tax returns, which was rejected by Treasury Secretary Steven Mnuchin.
Senator Elizabeth Warren’s wealth tax proposal is big. Senator Bernie Sanders’ is about 60 percent bigger.
Corporations brought $88.3 billion of overseas profits back to the U.S. in the second quarter, marking nearly $1 trillion that has returned since Congress overhauled the international tax system.
Senator Elizabeth Warren’s campaign promise to fund social programs by making America’s wealthiest pay a small percentage of their fortune every year could create a costly and difficult compliance system for both the taxpayers and the IRS.
The GOP is more focused on making their first tax cut permanent.
The president spoke a day after deciding against cutting the tax on capital gains by indexing gains to inflation.
The president has decided against making an end-run around Congress to cut the tax on capital gains by indexing gains to inflation.
The senator is taking a slightly different approach to targeting the same non-wage income as proposals from Democratic presidential hopefuls.