Tax cuts

The justices turned away a Missouri appeal that sought to ensure states can cut taxes even as they receive $195 billion in federal pandemic-relief money.

Last year Murphy and the Democratic-led legislature approved a program that provides tax relief checks for homeowners and renters.

The Sixth Circuit prohibited the Treasury from enforcing the tax mandate against Tennessee, though it also held that Kentucky lacked standing in its challenge.

An inside look at the ongoing arguments against the federal government's attempts to restrict state tax cuts based on stimulus funds.

Most states will be able to absorb the impact on their revenue from tax cuts, even if they face a mild recession next year, but some could have trouble.

Grand tax cuts have long been a centerpiece of Republican economic orthodoxy, appealing to the well-to-do who want to keep more of their income and stock-market gains. There's one problem, economists say.

The prime minister quit after a brief and chaotic tenure that saw her announce a massive package of tax cuts before unwinding most of it in the face of a market rout.

The Biden administration is alarmed over the market turmoil triggered by the new U.K. government's economic program.

More than half of U.S. states are using record budget surpluses to fund their biggest collective tax break in decades.

Return of an audit; transforming tax proposals; virtual guidance; and other highlights from our favorite tax bloggers.

President Biden will likely be unable to keep one of his key campaign promises because of unyielding resistance among even some in his own party to raise taxes.

The party’s progressives and moderates disagree over which pieces of President Biden’s agenda to pay for — and how long to pay for them.

Republican senators say they’re encouraged about the prospects for a deal with President Biden on his $2.25 trillion infrastructure proposal after an Oval Office meeting but want to exclude any move to roll back the 2017 tax cuts to help pay for the package.

Ohio and Missouri judges deny injunctions because those states haven’t yet suffered any harm.

The president is on the road to sell his plans to build infrastructure and invest in education, child care and other priorities.

The top Republican on the House Ways and Means Committee said he would leave Congress at the end of this term.

States that pass tax cuts to conform with recent federal tax changes won’t run afoul of a rule that says states can’t use federal stimulus funding to pay for cuts.

The Biden administration said in a response to concerns raised by Republicans that state governments accepting pandemic-relief money from Washington are allowed to cut taxes, but only if they don’t use the federal aid to offset those reductions.

Senate Democrats are sponsoring legislation to safeguard stimulus payments from debt collectors, while Republicans want states to be able to use funds from the new relief package for tax cuts.

Democrats are pushing a tax cut that would benefit individuals who lost their jobs in 2020 and may be in for a surprise tax bill this spring.