Donald Trump

Combined tariffs against Canada, Mexico and China would raise less than a third of the estimated $4.6 trillion cost of extending Trump's tax cuts over the next 10 years.

President Donald Trump outlined his tax priorities in a meeting with Republican lawmakers, including expanding the state and local tax deduction.

Trump told GOP lawmakers he wants to end the carried interest exemption used by private equity fund managers and venture capitalists around the country.

When Elon Musk's team gained access to the computer network where data of nearly every American is stored, it caused alarm across the country.

There are 20 states that have sovereign wealth funds, generally funded by commodities or land, that might serve as models.

Mexican President Claudia Sheinbaum agreed to send 10,000 National Guard officers to the border to help stem the flow of fentanyl and migration into the U.S.

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

The mandate to pause all federal loans and grants has reverberated across the country, from tiny nonprofits to sprawling health agencies.

A $400 billion green bank for clean energy projects and a consumer tax credit for electric vehicles are being reviewed under a government-wide spending freeze.

The ambitious agenda includes extending Trump's signature tax cuts and enabling more oil and gas production.

The administration fired an opening shot in an upcoming constitutional fight over his ability to unilaterally halt spending approved by Congress.

The IRS kicked off tax season facing a hiring freeze imposed by President Trump in an executive order and uncertainty over $20 billion in budget cuts.

President Trump reiterated his pledge to eliminate taxes on income from tips during a rally in Las Vegas, where the hospitality and service industry is dominant.

Following the Republican victory in the 2024 election, tax reform and political changes are at the forefront of every accountant's agenda.

Trump described the European Union's cases against the American tech companies as "a form of taxation," in comments at the World Economic Forum in Davos.

House Republicans are in talks over raising the cap for state and local tax deductions after winning pledges to include it in a must-pass tax bill this year.

Republicans in the House introduced legislation to end U.S. involvement in the OECD framework, in response to a Trump executive order.

Senate Republicans would like to do a large bill on immigration and energy first and then tackle tax reform in a second bill. House Republicans prefer one large bill.

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 Trump signed a series of executive orders after his inauguration, including a hiring freeze for federal government workers, particularly at the IRS.