President Trump doubled down on an idea to send $2,000 checks to millions of Americans. He has offered no specifics, but Trump suggested the government could send that money to low and middle-income Americans and still have enough tariff revenue left to make a dent in the national debt.

With primary provisions of the 2017 Tax Cuts and Jobs Act set to expire come 2025, either President Joe Biden or President Donald Trump will face a showdown in Congress to extend the tax cuts or let them die. But the former president has reportedly teased ...

President Donald Trump is yet again pitching a radical idea: replacing the federal income tax with revenue from tariffs. In a recent interview, Trump said there is "a chance" that tariffs alone could create enough money to abolish the need for personal ...

Erica York is a senior economist at the Tax Foundation. Donald Trump has floated a proposal to replace the U.S. income tax system with a new system of tariffs, moving the United States back to the tax mix of the late 19th century. The plan, simply put, is ...

President-elect Donald Trump has pledged to end income tax on tips. The proposal is part of Trump's broader tax cut plan, including for overtime and Social Security. House Speaker Mike Johnson said Congress would need to figure out the math to make the ...

Lt. Gov. Delbert Hosemann speaks during a press conference at the Mississippi Capitol in Jackson on Monday, March 17, 2025. He addressed the ongoing debate surrounding House Bill No. 1, which aims to eliminate the state income tax. Eric Shelton Mississippi ...