The measure, already passed by the House, goes to the president for a signature. The U.S. Senate approved a joint resolution already passed by the House of Representatives…
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Council of Economic Advisers Issues Study on State Income Tax Elimination
The council analyzed the replacement of state income tax collection with sales tax revenue and limiting state service expansion. The White House Council of Economic Advisers released a…
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IRS Releases Guidance for Tax Deductions on Tips and Overtime
Workers who received tips or overtime will be able to deduct this compensation when filing their 2025 income taxes. The Internal Revenue Service (IRS) has released guidance on its “no…
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Senate Passes “No Tax On Tips”
The legislation now goes to the House. The U.S. Senate passed the “No Tax on Tips” Act this week. The concept was one that President Donald Trump campaigned…
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House Budget Committee Moves “Big Beautiful Bill” to Floor for a Vote
Budget advances after the second vote held following renegotiations. The House Budget Committee finally approved President Donald Trump’s long-awaited “big, beautiful bill” on Sunday. Four of the majority…
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House Majority Addresses Tax Policies in Reconciliation
The proposal includes no tax on tips and remittance tax for dollars flowing out of the country. The House majority released their massive budgetary proposal on Monday, outlining…
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Senator Proposes Legislation to Strengthen Social Security
The bill would raise the income threshold on which Social Security recipients pay taxes. U.S. Senator Marsha Blackburn of Tennessee has proposed the Retirees First Act, which would…
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Senate Considers Bypassing Parliamentarian to Extend Tax Cuts
The measure would then only require a simple majority. Leaders in the Senate majority are considering a move to bypass the ruling of Senate parliamentarian Elizabeth MacDonough to…
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Federal Judge Temporarily Blocks DOGE Access to OPM and Education Department
District Judge Deborah Boardman granted a two-week restraining order on the Education Department and the Office of Personnel Management (OPM) on Monday, preventing the sharing of any personal…
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IRS Releases 6,700 Probationary Employees
The White House continues to pursue its government efficiency agenda. The Internal Revenue Service (IRS) dismissed 6,700 employees on Thursday, becoming the next cut in a series of…
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