The recent legislative developments have left many retirees questioning the fate of their Social Security benefits. During his campaign, President Trump promised to eliminate taxes on these benefits,

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;

The debate over whether NY's funding plan for the MTA represents a tax hike or cut is contentious among Democrats and Republicans.

Norway plans to randomly select 100,000 people born between 1990 and 2005 to receive annual tax cuts of up to $2,700 for several years, aiming to measure the effect on income and employment, the Labour Party government said on Tuesday.

The Reserve Bank of India has been the sector’s most vocal critic, with one deputy governor in 2022 calling crypto “akin to Ponzi schemes”. In 2018, it ordered a ban on banking services to crypto companies, making it difficult for them to operate, although the prohibition was overturned two years later by the country’s Supreme Court.

Yields on government debt have risen as Congress weighs Trump’s budget plan. Meanwhile, interest on the debt is approaching $1 trillion a year – on par with proposed Defense spending.

Democratic leaders are cautiously optimistic about one popular tax-cutting idea: A $150-per-child tax credit, up to $450 per household.

House Speaker Mike Johnson shepherded through Congress President Trump's spending bill, which includes Medicaid work requirements.