News

Trump's Social Security tax cut unlikely, but seniors may get $4,000 'bonus' deduction
One tax expert says a proposed $4,000 bonus deduction is a 'far cry from the savings' that many would see with no taxes on ...
Retirees could see benefits cut sooner with Social Security insolvency speeding up
Medicare and Social Security retirement benefits are expected to be exhausted sooner than previously thought, a trustees' ...
Some US restaurants and servers oppose Republicans’ ‘no tax on tips’ budget proposal
Some segments of the U.S. restaurant industry don't support President Donald Trump's proposal to eliminate federal taxes on ...
Trump’s Tax Cuts Would Raise Deficit By $2.8 Trillion, New Estimate Suggests
The nonpartisan Congressional Budget Office predicted the megabill would spur economic growth, but this would not be enough ...
Here’s what made it into Florida’s $1.3 billion tax cut package
Florida taxpayers are expected to save $1.3 billion in the next fiscal year under the tax package passed by state lawmakers this week. The bulk comes in the form of the elimination of the business ...
Senate Republicans propose deeper Medicaid cuts. Here’s what that means.
Senate Republicans are taking Medicaid cuts even further than their House counterparts with legislation that targets hospital payments.
Florida’s budget: Property tax rebates, sales tax cut fail
The GOP-controlled Legislature failed this spring to adopt its own most-ambitious proposals or those of Republican Gov. Ron ...
'Most taxpayers will see a cut': Senate's tax plan for Trump’s spending package would permanently extend TCJA cuts
Among the core principles of both the House and Senate versions of the budget bill is permanently extending Trump's 2017 tax ...