Donald Trump

Presidents have long used creative math and budget gimmicks to create the illusion that the trillions of dollars in spending they propose will somehow wind up reducing the deficit. Donald Trump’s $4.1 trillion budget is especially ambitious: It combines many of the tricks his predecessors tried over the years, and adds a few of his own.

House Ways and Means Chairman Kevin Brady said he’s open to reviewing parts of the House Republican tax blueprint as Congress looks for a path forward on trying to make U.S. businesses more competitive globally—even as Treasury Secretary Steven Mnuchin offered his most direct criticism of the plan yet.

Treasury Secretary Steven Mnuchin said that he can’t guarantee that the White House’s goal of no tax cuts for the wealthiest earners will survive the legislative debate.

The Trump administration’s budget blueprint for fiscal year 2018 would require a Social Security number for claiming either the Earned Income Tax Credit or the Child Tax Credit in an effort to deny the refundable tax credits to undocumented immigrants.

A private investigator in Baton Rouge, La., has been indicted for trying to use the Internal Revenue Service’s online data retrieval tool for student loan applications to access tax information from President Donald Trump.

The president's plan would dramatically reduce the government’s role in society, but relies on a sweeping tax overhaul package that may not happen.

The American Institute of CPAs has sent a list of six tax regulations to Treasury Secretary Steven Mnuchin that it wants the Treasury Department to review under an executive order from President Trump calling for reducing overly burdensome tax regulations.

After months of uncertainty about a border-adjusted tax, retail CEOs are renewing efforts to quash the idea.

U.S. Treasury Secretary Steven Mnuchin has taken pains to stress that the Trump administration isn’t out to kill Americans’ beloved mortgage-interest tax deduction—but a side effect of the plan could turn it into a perk for only the wealthy.

The president’s personal lawyers said in a letter that his taxes from the past 10 years show that—with a few exceptions—he received no income from Russian sources and owed no debts to Russian lenders.

The president is leaning toward preserving a trillion-dollar tax break for corporate borrowers—a move that economists say could jeopardize his goal of robust economic growth.

President Donald Trump’s economic team says it won’t be satisfied until Americans workers earn more—and aggressive tax cuts are essential for those fatter paychecks.

President Donald Trump faces many hurdles in delivering his promised tax cut, but none may be more formidable than the congressional calendar.

Passage of the House’s health-care bill gives the Obamacare repeal effort new life after months of wrangling, but key Republican senators are already pushing it aside to write their own bill with no clear timetable to act.

House Republicans mustered just enough votes to pass their health-care bill Thursday, salvaging what at times appeared to be a doomed mission to repeal and partially replace Obamacare under intense pressure from President Donald Trump to produce legislative accomplishments.

President Donald Trump took executive action Thursday to give churches and religious groups greater leeway to engage in politics without risking their tax-exempt status.

The U.S. Senate confirmed lawyer Jay Clayton to run the Securities and Exchange commission, President Donald Trump’s first major Wall Street regulator to take office as the administration pushes to roll back financial regulations.

President Donald Trump offered corporate America a sweeping tax vision whose ultimate promise of lower rates and more global competitiveness depends on one thing: longevity. Given the plan’s uncertain costs, longevity may be one thing the proposal can’t deliver.

Simplification may call for firms and practices to adopt new models and approaches.

President Donald Trump said he’s willing to raise the U.S. gas tax to fund infrastructure development and called the tax-overhaul plan he released last week the beginning of negotiations.