The last time President Donald Trump rolled out tariffs this high, financial markets quaked, consumer confidence crashed and ...

Ohio would get a flat tax The final budget maintains an income tax cut for Ohioans who earn six figures and taxes everyone making over $26,051 at 2.75%. Currently, the state taxes income over ...

That tax cut would have an even larger overall impact, reducing state tax collections by $395 million in 2025-26 and $300 million in 2026-27. “Every dollar of revenue that is foregone in ...

Treasury Secretary Scott Bessent said Wednesday, "Stablecoins can reinforce dollar supremacy," pushing back against critics who view crypto as a threat to America's currency dominance, as President ...

Treasury Secretary Scott Bessent downplayed his feud with Elon Musk, stating that they both want to eliminate waste, fraud and abuse in government and that DOGE is an ethos that will yield bigger a… ...

During a Senate Finance Committee hearing on June 12, 2025, Senator Bernie Sanders ruthlessly grills Treasury Secretary Scott Bessent over Trump's 'one big beautiful bill,' forcing him to explain ...

A Pennsylvania Democrat confronted president Donald Trump's treasury secretary over the tax cuts he'll benefit from in the Republican budget bill.Treasury secretary Scott Bessent testified ...

Sen. Mike Crapo says the Trump tax cuts provided Idaho middle-class families with reduced tax rates, more deductions and a simpler filing process.

The shape of that distribution is rare: Tax cut packages have seldom left the poor significantly worse off. And bills that cut the safety net usually haven’t also included benefits for the rich.

WASHINGTON — U.S. Rep. Terri Sewell, D-Birmingham, grilled Treasury Secretary Scott Bessent on the implications of President Donald Trump’s tax cut legislation on Alabamians during a Ways and ...

But how might some of those cuts affect businesses. Adams: Lots of different ways. So for example, this bill threatens many of the Inflation Reduction Act or green energy tax credits.