In a surprising move, President Trump has ousted IRS Commissioner Billy Long just two months after his confirmation, marking the shortest tenure in the role's history. Long will now serve as ambassador to Iceland, while concerns about IRS turnover and tax policy continue to swirl.
In a surprising move, President Trump is replacing IRS Commissioner Billy Long just two months after his confirmation, nominating him as U.S. ambassador to Iceland. This shake-up raises questions about the future of tax policies and leadership at the IRS.
In a significant political shift, U.S. Treasury Secretary Scott Bessent is urging Congress to drop the controversial Section 899 tax proposal following a groundbreaking agreement with G7 nations. This move could alter the landscape of U.S. corporate taxation as Trump aims to fulfill his promise to exit the OECD tax deal.
The 'One Big, Beautiful Bill Act' promises sweeping changes, impacting millions of Americans through Medicaid cuts, SNAP eligibility tightening, and tax reforms. Discover what this megabill could mean for your finances.
In a dramatic turn of events, Trump's much-anticipated budget bill faces a significant setback as five Republican lawmakers reject it, demanding deeper cuts. The internal GOP conflict raises questions about the bill's future and Trump's domestic agenda.
House Speaker Mike Johnson faces challenges as Republicans struggle to reach agreement on Trump's legislative agenda, risking potential revolts over spending cuts and social safety net benefits.
