GOP tax leader promises Trump a bill with no tax on tips, overtime. Here’s his aggressive timeline.

A GOP package aims to extend the 2017 Trump tax cuts and include new breaks for seniors and Americans who rely on tips and overtime pay.

Topics

Progressives launch campaign against Trump, GOP tax agenda

Progressives have launched their first organized campaign against Republicans’ tax agenda, urging Democratic lawmakers and activists to fight jointly against what they say will be tax breaks for ...
The Hill - Feb. 25
Can you dispute your tax bill with the IRS?

Receiving an unexpected tax bill from the IRS doesn't mean you're automatically obligated to pay it.
CBS News - Feb. 24
5 obstacles facing the GOP tax agenda

The House voted Tuesday to pass a budget resolution that will act as the blueprint for the GOP’s domestic agenda, with the extension of President Trump's 2017 tax cuts at the center. While the bill ...
The Hill - 6d
This Productivity Tip Can Help Improve Your Tax Season

You have to do your taxes and run your business. Here’s how to be productive at both.
Inc. - 4d
Here’s what Warren Buffett thinks of Trump’s tariffs: ‘Over time, they are a tax on goods.’

Billionaire investor Warren Buffett likened tariffs to an “act of war” and said that over time they will act as a tax on goods.
MarketWatch - 2d
Look at Donald Trump and his gang of broligarchs – and tell me we don’t need a wealth tax | Brian Cox

I played a fictional billionaire on TV. It’s time world leaders got serious about taxing the real ones. Brian Cox played Logan Roy in HBO’s Succession and is a supporter of Patriotic Millionaires ...
The Guardian - Feb. 25
California legislators propose bills to expand film and TV tax credit program

To address the flight of productions to other states and countries, legislators are proposing bills that they say will make it more attractive to film in California.
Los Angeles Times - Feb. 27
Don't wait to file your taxes this season, experts say. Here's why

Nearly one-third of Americans procrastinate filing their taxes. But here's why you shouldn't wait this season, experts say.
CNBC - Feb. 21
Tax refunds in 2025 are about $1,000 less than in 2024. Here's why.

IRS data shows that the average refund check so far is about $2,200, or $1,000 less than a year earlier. Here's what experts say.
CBS News - 6d
Has Trump kept his day one promises?

It's been a busy first month, with a blizzard of activity, so we compare his pledges with what he has delivered.
BBC News - Feb. 23
You can still lower your 2024 tax bill or boost your refund with these moves

There's still time to lower your 2024 tax bill or boost your refund with these three strategies, experts say. Here's what to know.
CNBC - 6d
Trump considers tariffs to counter digital services taxes on Big Tech

President orders probes into levies imposed by EU, UK and Turkey on US companies
Financial Times - Feb. 22
President Trump should combine extending tax cuts with fixing Social Security

It would be good fiscal policy and probably good politics
MarketWatch - Feb. 23
Norwegian Cruise on Trump’s call to pay U.S. taxes: It’s ‘really, really complicated’

Norwegian’s earnings show the cruise boom continued, but the outlook exposed some cracks and the stock turned lower.
MarketWatch - 6d
Trump’s proposed 'gold card' visa comes with a hidden tax break for the wealthy

President Donald Trump's proposed $5 million "gold card" for U.S. residency would be one the most expensive in the world, according to experts.
CNBC - 6d
Why the Fed’s inflation fight could be a victim of Trump’s tariffs and tax cuts

Trump is moving fast and breaking things. That’s creating more chaos than progress.
MarketWatch - 1d
Trump's lies on tax cuts are another gut punch to America's working-class

He and congressional Republicans are getting ready to sell out Americans and our future so he can deliver massive tax cuts to billionaires like Elon Musk.
The Hill - 10h
Trump tariffs 101: A tax on Americans that raises prices and lowers incomes

Congress has given the president the power to impose new taxes.
MarketWatch - 6h
Tracking Trump’s economic promises — his policies and where they stand now

Here’s a look at the status of President Donald Trump’s big economic moves, a day after his address to Congress.
MarketWatch - 12h
Here's how IRS layoffs could impact your tax filing and refund this season

Thousands of IRS employees are expected to lose their jobs as Elon Musk's Department of Government Efficiency, or DOGE, continues cuts to federal spending.
CNBC - Feb. 21
When to hire a tax attorney

There are a number of instances in which hiring a tax attorney makes more sense than the alternatives.
CBS News - Feb. 25
GOP rep introduces measure putting Trump's face on $100 bill

First-term GOP Rep. Brandon Gill (Texas) has introduced a measure that would require all $100 bills to have President Trump’s face on them. The legislation, titled the Golden Age Act of 2025, ...
The Hill - 2d
You can still claim up to $2,000 per kid from the child tax credit, but that amount may drop after 2025—here's what to know

If Congress doesn't address the soon-expiring expanded child tax credit, parents could see a higher tax bill in the coming years.
CNBC - Feb. 25
The average IRS tax refund is more than 32% lower so far this season, early filing data shows. Here's why

The average IRS tax refund is more than 32% lower so far this season, according to early filing data. Here's what to know.
CNBC - Feb. 26
Businesses Are Betting on a Tax Cut Extension

The federal budget debate has big implications for the economy. Despite questions about the math, investors expect an extension of the 2017 tax cuts.
The New York Times - Feb. 22
Trump says GOP should campaign on Democratic response to his speech

President Trump on Wednesday urged Republicans to campaign on how Democratic lawmakers conducted themselves during his joint address to Congress a night earlier, when several lawmakers walked out ...
The Hill - 3h
From weather apps to taxes: the trickle-down effects of Trump’s federal worker firings

Gutting of workforce will have far-reaching consequences as advocates warn of playing ‘Russian roulette’ with safety. You wake up to dark clouds outside, so you check the weather on your phone: a ...
The Guardian - Feb. 20
Trump’s Plan to Kill Social Security Benefit Tax Could Accelerate Its Insolvency

Social security is already in danger. President Trump’s plan to get rid of income taxes on the benefit won’t save it. In fact, it’ll probably do the opposite.
Inc. - Feb. 20
IRS employee among those fired by Trump during tax season speaks out

President Trump is eliminating more than 6,700 at the Internal Revenue Service at the height of tax season. Nancy Cordes looks at the impact of the cuts on the workers and Americans who depend on ...
CBS News - Feb. 21
Trump’s IRS layoffs have some Americans asking: ‘Why bother’ filing taxes this year?

Accountants say some clients are wondering if they should blow off their taxes amid IRS cutbacks.
MarketWatch - Feb. 22
Trump Just Fired 6,700 I.R.S. Workers in the Middle of Tax Season. That’s a Huge Mistake.

The Trump administration’s decision to fire over 6,000 I.R.S. workers will make the government less effective and less efficient, not more.
The New York Times - Feb. 24
Slashing Medicaid to Pay for Trump’s Tax Cuts Could Lead to Vast State Shortfalls

Republicans have proposed lowering the federal share of costs for Medicaid expansions, which could reshape the program by gutting one of the Affordable Care Act’s major provisions.
The New York Times - Feb. 26
Inside Republicans' budget plan that extends Trump tax cuts, potentially threatens Medicaid

After a lot of back-and-forth on Tuesday night, House Republicans were able to narrowly adopt a budget resolution that would advance President Trump's agenda. The proposal passed in a 217-215 vote. ...
CBS News - Feb. 26
Republicans consider major budget change to obscure deficit impact of extending Trump's tax cuts

WASHINGTON — Republicans are considering a far-reaching change to the budget process that would obscure the deficit impact of extending President Donald Trump’s multitrillion-dollar tax cuts in ...
NBC News - 5d
'Reverse Robin Hood scam' or windfall for middle class? Lawmakers debate Trump tax plan extensions

Democrats and Republicans are making competing claims about how extending tax cuts from Trump's first term would benefit the rich and poor.
CNBC - 2d
Warren Buffett calls Trump's tariffs a tax on goods, says 'the tooth fairy doesn't pay 'em'

"Tariffs are actually, we've had a lot of experience with them. They're an act of war, to some degree," Buffett said.
CNBC - 2d
Ways and Means committee to start drafting plans for enacting Trump tax agenda next week

Politico - 2d