Senate Republicans announced Tuesday that they have struck a tentative deal for sweeping tax reform, with tax cuts totaling $1.5 trillion over 10 years.
The federal government collected a record $2.97 trillion in taxes in the first 11 months of fiscal year 2017, but the federal government still ran a $673 billion deficit during that time, according to the latest monthly Treasury Department statement.
Tax experts are refuting a recent New York Times article claiming the current top tax rate of 39.6 percent is too low.
President Donald Trump is planning a trip to North Dakota next Wednesday to continue his national campaign to push for tax reform, according to Sen. John Hoeven (R., N.D.).
Seventy-two percent of voters say the tax code is archaic and another 71 percent say they want lower taxes for middle-class American families, according to a survey from America First Policies.
Americans on average spent more of their 2016 income on taxes than they did on food and clothing combined.
Democratic Sen. Joe Manchin (W.Va.) said Monday he has “no idea” whether he is still an investor in a hotel group that is being sued for defaulting on a $15 million loan.
President Donald Trump will visit Missouri next week to begin a campaign to pass tax reform, according to a new report.