News

Trump's Social Security tax cut unlikely, but seniors may get $4,000 'bonus' deduction
One tax expert says a proposed $4,000 bonus deduction is a 'far cry from the savings' that many would see with no taxes on ...
Trump’s Tax Cuts Would Raise Deficit By $2.8 Trillion, New Estimate Suggests
The nonpartisan Congressional Budget Office predicted the megabill would spur economic growth, but this would not be enough ...
Bessent Sees Deficit Falling Over 10 Years After Tax-Cut Bill
Treasury Secretary Scott Bessent said that there are a number of different assessments of the deficit impact of Republicans’ ...
Here’s what made it into Florida’s $1.3 billion tax cut package
Florida taxpayers are expected to save $1.3 billion in the next fiscal year under the tax package passed by state lawmakers this week. The bulk comes in the form of the elimination of the business ...
Kinston residents upset as county tax hike overshadows city property tax cut
Yesterday the city of Kinston approved the city budget for the upcoming year, which included a four cent decrease in property tax.But residents say they’re stil ...
Some US restaurants and servers oppose Republicans’ ‘no tax on tips’ budget proposal
Some segments of the U.S. restaurant industry don't support President Donald Trump's proposal to eliminate federal taxes on ...
Florida’s budget: Property tax rebates, sales tax cut fail
The GOP-controlled Legislature failed this spring to adopt its own most-ambitious proposals or those of Republican Gov. Ron ...
Senate GOP seeks to reward oil drillers amid deep cuts to wind and solar
The Senate version of President Donald Trump’s tax-cutting bill slashes green energy tax credits but contains generous ...