Taxes - Page 2

March 22

Mamdani's estate tax plan could drive wealth out of state, critics warn

NYC Mayor Mamdani's estate tax plan would cut the exemption to $750K and raise rates to 50%, a move critics say could burden middle-class families.

March 13

Give the government an inch and they'll seize your $200k home for a $2k debt

Supreme Court hears Pung family case after Isabella County, Mich., foreclosed on $200,000 home over disputed $2,000 tax debt, keeping $118,000 in equity.

March 12

Tax scams through the years and what to know this year

The IRS outlines evolving tax scams, from unemployment fraud to social media tax “hacks," and warns taxpayers what to watch for in 2026.

March 10

Average tax refund tops $3,700 midway through filing season, Treasury says

Millions claimed new tax breaks under Trump’s One Big Beautiful Bill Act, with more than 15.5 million taking overtime exemptions and 3.5 million excluding tips.

March 9

Sen Cory Booker proposes ‘Keep Your Pay Act,’ eliminating federal income tax on first $75,000

Sen. Cory Booker proposes eliminating federal income tax on first $75,000 of income for working families in new Keep Your Pay Act ahead of 2026 bid.

February 25

Voters react as Trump touts signature tariff plan at State of the Union

Republicans were pleased as Trump spoke during the State of the Union about his plan to continue imposing global tariffs after the Supreme Court dealt his plan a blow.

February 24

Trump thanks Republicans for delivering largest tax cuts in history, slaps Dems

President Trump thanks the Republican Party for delivering the largest tax cuts in history during the State of the Union. 

February 22

Illinois city's reparations plan is misguided, divisive and likely unconstitutional

Evanston, Illinois' $25,000 reparations payments to 44 Black residents raise constitutional questions and practical concerns about race-based compensation programs.

February 21

Mark Levin asks 'how the hell' Democrats get away with campaigning on affordability

Fox News host Mark Levin criticizes Democrats' tax policies and how they destroy whatever areas they govern on 'Life, Liberty & Levin.'

February 21

The Supreme Court’s historic tariff decision

Paul Gigot interviews UC Berkeley law professor John Yoo.