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Where Trump and DeSantis stand on 5 financial issues, including taxes and Social Security

(WASHINGTON) -- Former President Donald Trump and Florida Gov. Ron DeSantis are headed toward a clash in the 2024 GOP primary race and are already foreshadowing an intense conflict of personalities.Their stances on tax and spending policies, however, aren't so different.In a GOP largely remade ...
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Top Republican pushes back on Biden, says new taxes in debt deal are nonstarter

(WASHINGTON) -- Texas Rep. Jodey Arrington, the House Budget Committee chairman, on Sunday pushed back on President Joe Biden's call for tax increases as part of a deal to raise the nation's debt limit to avoid an unprecedented default."No. 1, it's not on the ...
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Biden proposes higher taxes for the rich. Here’s how they work.

(WASHINGTON) -- President Joe Biden on Tuesday touted the nation's economic health in his State of the Union Address, just days after a blockbuster jobs report showed a strong labor market has coincided with a monthslong easing of inflation.Biden also proposed solutions for what he ...
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Biden is set to propose higher taxes for the rich. Here’s how they work.

(WASHINGTON) -- President Joe Biden on Tuesday is expected to tout the nation's economic health in his State of the Union Address, just days after a blockbuster jobs report showed a strong labor market has coincided with a monthslong easing of inflation.Looking ahead, however, ...
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Trump’s tax returns show he paid no taxes in 2020, committee says

(WASHINGTON) -- The Democratic-controlled House Ways and Means Committee voted Tuesday to make public some documents related to former President Donald Trump's tax returns -- a move Trump has long fought.The committee met for several hours behind closed doors Tuesday afternoon and then returned ...
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Supreme Court rules Donald Trump must turn over taxes to House committee

(WASHINGTON) -- The U.S. Supreme Court on Tuesday denied former President Donald Trump's request to block an appeals court order that he surrender his tax returns and other financial records to the House Ways and Means Committee.The court offered no explanation for the decision. ...
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Former Trump Organization CFO testifies that decision to skirt taxes was his alone

(NEW YORK) -- Former Trump Organization chief financial officer Allen Weisselberg testified Thursday that it was his decision alone to commit tax fraud by paying no taxes on the fringe benefits he received from the Trump Organization.Weisselberg, who in August pleaded guilty to skirting ...
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Former Trump Organization CFO testifies he didn’t pay taxes on numerous perks

(NEW YORK) -- Former Trump Organization chief financial officer Allen Weisselberg testified Tuesday that he didn't pay taxes on a range of perks provided by the company, as prosecutors sought to show his actions implicate the company itself in a years-long tax fraud scheme.The ...
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Georgia allows ‘unborn child’ to count as a dependent on taxes

(ATLANTA) -- Pregnant people in Georgia will now be able to count their fetus as a dependent on their tax return and file for child support, according to state law.The state's Department of Revenue announced this week it will recognize "any unborn child with ...
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Biden calls on Congress, states to suspend gas taxes

(WASHINGTON) -- President Biden on Wednesday called on Congress to suspend the federal gas tax for three months and asked states to suspend their own gas taxes or provide commensurate relief to consumers.The federal government charges an 18.4-cent tax per gallon of gasoline and ...
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Biden to call on Congress, states to suspend gas taxes

(WASHINGTON) -- President Biden will on Wednesday call on Congress to suspend the federal gas tax for three months and ask states to suspend their own gas taxes or provide commensurate relief to consumers, according to the White House.The federal government charges an 18.4-cent ...
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Federal probe into Hunter Biden’s taxes intensifies, sources say

(WASHINGTON) -- The federal investigation into President Joe Biden's son, Hunter Biden, over his tax affairs has intensified in recent weeks, sources familiar with the matter tell ABC News.An increasing number of witnesses have appeared before a grand jury impaneled in Wilmington, Delaware, in ...
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