The House passed its 2025 budget bill for fiscal years 2026 through 2034, which outlined 'no tax on overtime.' When will ...

With a month left before the legislative session ends, Oklahoma lawmakers are moving quickly to craft a budget for the next ...

Democratic lawmakers Aftyn Behn and Charlane Oliver had a real plan to repeal the grocery tax and pay for it. Republicans ...

ISLAMABAD: The Cabinet will soon abolish 3 to 7 percent ... under section 181A of the Income Tax Ordinance on the date of acquisition of the property. The FED is 5 percent of the gross amount ...

Amid reports the IRS may end its free Direct File program, more than 170 lawmakers are demanding it remains open.

If elected, the Coalition has pledged to end Labor ... benefits tax exemption for low- or zero-emissions vehicles both held and used for private use. The fringe benefits tax is a flat tax ...

The original plan, introduced in March, would have implemented a flat 3.99% income ... % of earners would see a tax increase. “The folks who don’t [benefit from federal tax breaks] are the ...

The U.S. first implemented a progressive income tax system in 1862 to fund the Civil War, but the modern framework took shape with the 16th Amendment in 1913. The amendment gave the federal ...

Goal No. 1 for the GOP is to renew Trump’s 2017 individual tax cuts, which expire at the end of this year ... package will be finding ways to cut federal spending. “We have a financial ...

Republicans in the U.S. Congress turned in earnest on Monday to their biggest challenge of Donald Trump's presidency: trying ...

Consumer spending, excluding autos, was lower overall nationwide, according to the Federal Reserve’s latest Beige Book report ...