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 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.
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 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.
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.
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.
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.
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.
Wasteful government spending and higher taxes won't help American families, taxpayers & small businesses, but it will drive inflation higher
Small businesses need relief from inflation, but too many in Congress propose more bad ideas that would only make things worse.
Republican lawmakers are seeking answers from IRS Commissioner Charles Rettig over the agency's justification for destroying 30 million tax documents.
Americans should be wary of bogus text messages and random phone calls from people seeking personal information amid ongoing pandemic fraud, the IRS said.
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
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.
The "Patriotic Millionaires" published a letter the week of the World Economic Forum in Davos, Switzerland, pushing for higher taxes on the wealthy.
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.
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.
The push to lower taxes comes as consumers grapple with the highest inflation in nearly 40 years.
Check out what's clicking on FoxBusiness.com.
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.'