Senate Republican to propose 'inflation relief' in new bill targeting tax credits
Sen. Chuck Grassley plans to introduce a bill on Thursday that would index certain tax benefits to inflation to ensure that higher prices do not erode the credits.
Republicans pushing tax hike? Midterm elections at risk if GOP joins Dems in carbon fee
Republicans are making inflation a midterm election issue, yet some of them are working with Democrats to make Americans' pain even worse by calling for a tax increase.
Illinois suspends grocery tax for one year — with certain exceptions
The Illinois government announced the state is suspending its sales and use tax on certain grocery items for one year, beginning July 1, 2022 and going through June 2023.
Republicans pressure Newsom to suspend California gas tax as prices surge
Republicans want California Gov. Gavin Newsom to suspend the state's gasoline tax, the highest in the nation at 51 cents, as fuel prices top $6 a gallon.
IRS tax return backlog swells to 21M as Americans await refunds
The Internal Revenue Service has a massive backlog of unprocessed tax returns, delaying refunds for millions, according to a report from the national taxpayer advocate.
Democratic Washington, Oregon governors reject Biden gas tax pause
Washington Gov. Jay Inslee and Oregon Gov. Kate Brown indicate that they would not pause their states' gas taxes, as President Biden urges Congress to suspend the federal tax.
IRS expects to clear tax return backlog from 2021 this week
The IRS said Tuesday that it has almost finished processing roughly 8 million unprocessed tax returns from 2022, but it still has millions of paper returns from 2022 that need to be processed.
Biden floats gas tax holiday, but analysis shows it could worsen inflation
President Biden is considering pausing the federal gas tax, but critics say the suspension could ultimately cause already red-hot inflation to spike even higher.
Five problems with Biden's inflation plan
Wasteful government spending and higher taxes won't help American families, taxpayers & small businesses, but it will drive inflation higher
How Congress can help Main Street fight inflation
Small businesses need relief from inflation, but too many in Congress propose more bad ideas that would only make things worse.
IRS hit with inquiry from GOP lawmakers for destroying 30 million tax documents
Republican lawmakers are seeking answers from IRS Commissioner Charles Rettig over the agency's justification for destroying 30 million tax documents.
IRS warns of ongoing COVID-19 fraud, urges Americans to be wary of fake emails and phone calls
Americans should be wary of bogus text messages and random phone calls from people seeking personal information amid ongoing pandemic fraud, the IRS said.
Stuart Varney on Boris Johnson’s ‘political trouble’: Republicans should take note
FOX Business' Stuart Varney discusses U.K. Prime Minister Boris Johnson's political faults and policies as the country's economic stability begins to slide
Texas school shooting: How to give wisely after tragedy
In the wake of the Texas school shooting, the Better Business Bureau has offered a list of tips for avoiding scammers who want to take advantage of the situation.
Millionaires at Davos call for higher taxes worldwide: 'Tax us now'
The "Patriotic Millionaires" published a letter the week of the World Economic Forum in Davos, Switzerland, pushing for higher taxes on the wealthy.
DeSantis suggests state will assume control of Disney World's Reedy Creek Improvement District
Florida Gov. Ron DeSantis said Monday that the state government will likely assume control of Disney World's Reedy Creek Improvement District after he signed a bill dissolving the private government last month.
Bezos vs. Biden: Amazon founder says White House using 'misdirection' to 'muddy the topic' on inflation
The war of words between Jeff Bezos and the Biden administration picked up steam on Monday, as the Amazon founder accused the White House of trying to “muddy the topic” on inflation's relationship with higher taxes on corporations and the wealthy.
States explore tax cuts to offset soaring inflation, but it could make the problem worse
The push to lower taxes comes as consumers grapple with the highest inflation in nearly 40 years.
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Market is telling us there is something really wrong: Trader
Seaport Securities founder Teddy Weisberg and Carnivore Trading founder Dutch Masters discuss which stocks have the pricing power investors are willing to pay for on 'The Claman Countdown.'