The bipartisan “no taxes on tips” proposal is the most prominent example of a politically attractive soundbite bumping aside sound policy.

Campaigns and political party platforms provide limited policy details. That’s by design: especially in a campaign, politicians tend to accentuate what they will do ...

Negotiations are underway to fund the government after Oct. 1.

Donald Trump would exempt overtime pay from tax. Kamala Harris and Trump both agree that tips should be exempt. There are lots of tax exclusions in the tax code, but this form of tax subsidy is ...

Trillions of dollars of unrealized capital gains permanently escape taxation, disproportionately benefitting the richest ...

Only a handful of all employees and fewer than 60 percent of tipped workers would benefit from proposals to exempt gratuities ...

Table shows the change in the distribution of federal taxes, by expanded cash income level in 2025, of an option to exclude ...

Spending bill fails in the House. Speaker Mike Johnson (R-LA) brought a short-term spending bill to the floor yesterday, but it failed to secure the votes needed for passage. Funding for the federal ...

One of the most common tax complaints I hear from small business owners is about filing their taxes. Paying isn’t their ...

Both Donald Trump and Kamala Harris are promoting a troubling idea: Hyper-targeting tax subsidies to narrowly favored ...

The global minimum tax is yet to have much impact on US companies. A Bloomberg Tax analysis finds only four of the 100 largest US multinational companies thus far have reported material impacts from ...

Maine will issue its first corporate tax transparency report in January. Maine Revenue Services will provide the state legislature with a corporate tax revenue report on Jan. 31, ...