Trump Admin Gets a Win as Federal Judge Allows IRS to Share Tax Data With ICE
By Gabe Whisnant is a Breaking News Editor at Newsweek based in North Carolina. Prior to joining Newsweek in 2023, he directed daily publications in North and South Carolina. As an executive editor, Gabe led award-winning coverage of Charleston church shooter Dylan Roof’s capture in 2015, along with coverage of the Alex Murdaugh double murder […]
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Trump Floats Creating New Tax Bracket for Wealthiest Americans: Reports
President Donald Trump this week told House Republicans to raise taxes on the richest Americans as part of their sprawling budget bill, according to The New York Times and The Washington Post, which cited people familiar with Trump’s stance. Why It Matters Trump’s reported demand stands in stark contrast to the mainstream Republican position on […]
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Medicaid Update: Republicans Scaling Back Cuts Amid House Tax Break Battle
House Republicans are beginning to scale back some of their proposed deep Medicaid cuts as part of their sweeping tax break legislation, facing mounting resistance from centrist GOP lawmakers wary of slashing health coverage for their constituents. However, not all proposed reductions are off the table. A new report released Wednesday by the nonpartisan Congressional […]
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Congress, Don’t Give the Marijuana Industry a Tax Cut | Opinion
The Trump administration’s mantra is to cut waste and cut costs. So, it might seem unthinkable that the federal government would give an addictive industry a tax cut. But that’s exactly what many are proposing. Last year, companies that make highly addictive and dangerous drug products spent more than $4.5 million convincing lawmakers that today’s […]
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Beware the Republicans' Anti-Parent Tax Plan | Opinion
As parents, we’re juggling a lot—childcare, school drop-offs, rising grocery bills, housing costs, college tuition, and figuring out how to make it all work.
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Can Luigi Mangione Donors Get Tax Deductions? What to Know
Donors contributing to the legal defense fund of Luigi Mangione, the accused killer of UnitedHealthcare CEO Brian Thompson, through GiveSendGo are unlikely to receive tax deductions, according to experts. Why It Matters A fundraiser launched on GiveSendGo by the December 4th Legal Committee and accepted by Mangione’s legal team has amassed more than $800,000 in […]
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Republican Rebels Who Voted Against Trump’s Multitrillion Dollar Tax Breaks
Two Senate Republicans voted with Democrats in an unsuccessful bid to block a multitrillion-dollar tax and spending framework that was proposed by their own party, passing in the early hours of Saturday in a 51-48 vote. The two GOP rebels were Senators Susan Collins of Maine and Rand Paul of Kentucky. Newsweek contacted them for […]
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Ted Cruz Speaks Out Against Donald Trump’s Tariffs: ‘Tax on Consumers’
By Hugh Cameron is Newsweek U.S. news reporter based in London, U.K. with a focus on covering American economic and business news. Hugh joined Newsweek in 2024, having worked at Alliance News Ltd where he specialised in global and regional business developments, economic news, and market trends. He graduated from the University of Warwick with […]
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Most Common Mistakes To Avoid On Your Tax Return
Tax season is almost at an end, with payments and returns due on April 15. Making sure you file an accurate and complete tax return is essential to making sure you don’t suffer any penalties and get your refund in good time. A tax return may be inaccurate or incomplete for various reasons, ranging from […]
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Map Shows Battle Against Property Tax Across US States
The movement to drastically cut and even eliminate property taxes, which local governments heavily rely on to fund crucial public services, is gaining momentum in Republican-led states across the country. Four states—including Florida, Illinois, Kansas and Pennsylvania—currently have plans to eliminate property taxes entirely. Others—including Texas and Montana—are trying to significantly reduce them. In Florida, […]
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