Taxes December 12, 2025
IRS Says Financial Crimes Surged Nearly 16% in 2025—Up to $10.6B
Of the $10.59 billion, $4.5 billion resulted from tax fraud, marking an increase of 111.8% from FY24, the agency said this week.
Taxes November 10, 2025
Democrats Concede Shutdown Fight Without Health Care Win in Hand
They did get a pledge for a separate vote on the health-care tax credits in the coming weeks, but the prospects of Democrats landing a win from that endeavor are far from certain.
Taxes November 10, 2025
Treasury Secretary Says Trump’s Proposed $2,000 ‘Dividend’ May Come Via Tax Cuts
Scott Bessent said President Donald Trump’s suggestion that Americans may receive a tariff “dividend” of at least $2,000 could come via the tax cuts passed in his signature economic policy bill earlier this year.
Income Tax November 10, 2025
If Georgia Drops Income Tax, Will Sales Taxes Rise?
Other states rely heavily on sales taxes, but a key lawmaker, Georgia state Sen. Blake Tillery (R-Vidalia), wants to target "corporate welfare" instead.
General News November 9, 2025
Senate Plans for Sunday Night Test Vote on Ending Shutdown
A group of Senate Democrats is leaning toward voting to advance the package provided final details can be worked out, including provisions protecting government workers from layoffs, a person familiar with the bipartisan talks said.
Taxes November 7, 2025
Schumer Proposes 1-Year ACA Tax Credit Extension to End Shutdown
The Senate minority leader proposed simultaneous votes to fund the government and to extend the subsidies to the Affordable Care Act, which would largely prevent skyrocketing premiums for over 20 million Americans.
Economy November 7, 2025
U.S. Consumer Sentiment Declines to Near Lowest on Record
The preliminary November sentiment index dropped 3.3 points to 50.3, just above a June 2022 reading of 50 that was the weakest in University of Michigan data back to 1978.
Taxes November 5, 2025
Supreme Court Sounds Skeptical of Broad Trump Tariff Powers
During oral arguments on Nov. 5, justices weighed whether Congress abdicated taxing power—and whether it could ever get it back.
Artificial Intelligence November 5, 2025
Fears of a Trillion-Dollar AI Bubble are Growing
Even some of AI’s biggest cheerleaders acknowledge the market is frothy, while still professing their belief in the technology’s long-term potential.
Payroll November 5, 2025
Fed Governor Miran Says ADP Jobs Data Slightly Better Than Expected
Stephen Miran on Wednesday described data that showed employment at U.S. firms increased in October as “a welcome surprise,” though he reiterated interest rates need to be lower.
Accounting November 5, 2025
Column: The Sudden Financial Collapse of This Big Auto Parts Firm Points to the Next Market Meltdown
First Brands accumulated billions of dollars in debt, without the lenders knowing much about it. Does it signal that a stock market implosion is coming?
Economy November 5, 2025
Longest Shutdown in History Costs U.S. Economy About $15 Billion Each Week
The government shutdown has become the longest in history, and every week that passes costs the economy anywhere from $10 billion to $30 billion, based on analysts’ estimates, with several landing in the $15 billion range.
Taxes November 5, 2025
Illinois Bill ‘Decouples’ State and Federal Taxes to Reduce Deficit Now
Illinois lawmakers are sending a bill to Gov. JB Pritzker that makes a pair of changes to Illinois’ tax code in response to new federal tax provisions that could reduce state revenue.