Economic implications The bill is designed to stimulate economic growth by reducing taxes for families and job creators, securing the border, and enhancing energy independence. It also aims to make the government more efficient and includes welfare reforms.

Legislation working its way through Congress to codify President Trump's tax cuts would also make big cuts to Medicaid if it is passed. We look into what the bill proposes, and what the impacts would be.

Despite a brief market scare, the richest 10 Americans got $365 billion richer over the past year, according to a new analysis from Oxfam.

Governors and state legislators have taken steps to improve taxation of investment income. Some in Congress, meanwhile, want to target investors with higher tax rates.

While the bond market is typically seen as slower moving, it can pack a heavy punch when it’s alarmed. And right now, it’s getting worried about how much more Washington is preparing to pile onto its spiraling mountain of debt because of its desire to cut taxes.

The final proposed 2025-26 spending plan that takes effect July 1 reduces the state’s highest marginal income tax rate to 6% from 6.2%. $35 million for the state Department of Transportation to cover Hurricane Helene expenses; $80 million for the Department of Commerce’s Locate SC program, which prepares sites for development;

Donald Trump's policies, including tariffs and tax cuts for the wealthy, are impacting America's economy and middle-class families. We are a Democrat and Republican seeking solutions.

U.S. Sen. John Cornyn made a stop in Waco on Tuesday to meet with small business owners and discuss the future of the 2017 Tax Cuts and Jobs Act (TCJA), a signature piece of legislation passed during President Donald Trump’s first administration that is set to expire at the end