A political and legal battle over the very nature of property ownership is intensifying across the United States, with state leaders and activists mounting a direct challenge to the foundational system of local government financing: the property tax.
Update (1210ET): The House Budget Committee has voted down the reconciliation bill by a vote of 16-21 - with GOP Reps. Clyde, Roy, Breechen, Norman and Smucker (who flipped his vote) all voting "no".
Over the weekend President Trump suggested that with the "bonanza" created by his "Liberation Day" tariff plan, taxes on Amerians making $200K or less may be sharply reduced...or even eliminated. Can it be done? Also today: Saudis to buy $100 billion
Governments regularly claim that they favour tax reform. When this claim has been repeated so many times that virtually no one believes them anymore, they announce a tax reform, to show that they really mean it. They then reshuffle the existing taxes
President Donald Trump doubled down Sunday on his plan to use tariff revenue to slash - and possibly eliminate - income taxes for millions of Americans.
Trump Advisor Elon Musk has proposed that the American people should benefit from DOGE's savings, suggesting that US taxpayers be sent a $5K "refund" check. Will this work? Also today, Sen. Paul makes a critical point about how to preserve and expand
The debate hit a fever pitch after the Department of Government Efficiency (DOGE), spearheaded by prominent names Elon Musk and Vivek Ramaswamy, floated the idea of eliminating a great deal of the U.S. federal agency's tax code while stressing the
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