Tag: Taxes
A tax company in Kansas City gave thousands of workers the afternoon off to celebrate Taylor Swift and Travis Kelce’s engagement
Taylor Swift and Travis Kelce’s engagement didn’t just break the internet—it paused the workday for thousands at H&R Block’s Kansas City headquarters.
“Your English teacher...
Forget 40 hours: The Dutch get their work done in just 32 hours a week—and women made it possible
Ever since the pandemic, American workers have clung to their remote schedules for as long as possible as CEOs drag their staffers back into...
Trump’s tax cut could mean a nearly half-trillion-dollar cut to Medicare starting in 2027, CBO warns
The federal budget deficits caused by President Donald Trump’s tax and spending law could trigger automatic cuts to Medicare if Congress does not act, the nonpartisan Congressional...
Trump’s Social Security tax cuts could hit future generations hard and propel the program’s insolvency by 2032, research warns
Despite presidential proclamations, Social Security’s financial outlook is more troubled than ever.
A new report from the Committee for a Responsible Federal Budget (CRFB)...
CBO: The poor get a $1,200 income cut and the rich get a $13,600 boost from Trump’s tax law
The CBO estimates that the 10% of poorest Americans will lose roughly $1,200 a year as they experience restrictions on government programs like Medicaid...
When the next recession hits, whoever is president will face intense pressure to cut tariffs, so don’t rely on them for revenue, top economist says
The federal government is on pace to reap a significant amount of revenue from President Donald Trump’s tariffs, but they may not be a...
The Social Security tsunami: Payments could be cut by 23%, doubling the poverty rate for America’s seniors
As millions of Americans rely on Social Security for their monthly income, new reports indicate the program’s finances are at a critical juncture. Here’s...
Texas tax-free weekend returns Aug. 8-10 to help you save money on back-to-school items
SAN ANTONIO – The first day of school will be here before you know it, and you’ll likely want to get the most bang...
Warren Buffett’s longtime Social Security warning is coming to fruition, with retirees facing an $18,000 annual cut
In just seven years, Social Security will reach a fiscal cliff that could leave millions of American retirees with drastically reduced benefits, according to...
General Motors’ EV sales rose 111%, reflecting an industry-wide to push to beat Trump’s tax credit deadline
General Motors beat economists’ Q2 earnings estimates, in part due to a 111% surge in EV sales.
The automaker recorded $3.04 billion in adjusted earnings...