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2 mins read

Massachusetts' millionaire tax is earning more than expected and could help make up for the last few years of high earners fleeing the state

The millionaires tax in Massachusetts beat estimates by bringing in $1.8 billion so far, helping th…

Cork Gaines   


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Taxing times persist for Delta Corp as ace investor Ashish Kacholia sells shares

Delta Corp has been under pressure in the past six trading sessions with the stock sliding more tha…

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4 mins read

The House Republican Conference has been built for chaos since the 1990s. It only took one slim majority for that to blow up on them.

Rep. Jim Jordan of Ohio may very well secure the speaker's gavel this week, but the divisions curre…

John L. Dorman   


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1 min read

Russia's economy dealt a crushing blow as its current-account surplus collapses by 93%

Russia's current-account surplus tanked 93% to $5.4 billion last quarter from the year-earlier peri…

Zahra Tayeb   


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'Mind-blowing' US debt binge amid high interest rates is threatening financial stability, Larry McDonald says

The US government has spent some $28 trillion since 2020, causing its debt to surge toward $33 tril…

Joseph Wilkins   


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3 mins read

I advise lottery winners. It's easy to make bad decisions – here's what I tell people so they don't blow all their money.

A lottery-winner financial advisor says pay off debts, don't overspend, and diversify your portfoli…

Joshua Zitser   


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3 mins read

Manchin nixes support for climate spending and tax hikes, blowing up Biden's economic agenda for the 2nd time

The roadblock comes just days after Democrats began reviving parts of their sidelined economic agen…

Erin Snodgrass,Joseph Zeballos-Roig   


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Budget blow to HNIs claiming huge deductions for expensive houses

For better targeting of tax concessions and exemptions, Finance Minister Nirmala Sitharaman capped …

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Biden's pollster says Democrats are blowing it on their economic messaging: 'We're scared of our own shadow on taxes'

Biden pollster John Anzalone argues Democrats must overhaul their campaign messaging or face a wipe…

Joseph Zeballos-Roig   


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4 mins read

Democrats may blow campaign promises and give the rich a big tax cut in Biden spending bill: 'We couldn't be giving Republicans a better gift'

A Trump tax law raised taxes on wealthy blue staters. Democrats want to give those high earners a c…

Joseph Zeballos-Roig,Andy Kiersz   


Ayelet Sheffey   


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New study blows a hole in Joe Manchin's argument that the revamped child tax credit discourages people from working

The analysis found "statistically insignificant impacts" of the credit on job seeking and workforce…

Joseph Zeballos-Roig   


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Democratic Rep. calls on Biden to oppose suspension of the federal gas tax

"There is no guarantee a gas tax suspension would reduce prices ... or stem the broader inflation a…

John L. Dorman   


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Treasury Secretary Janet Yellen says a federal gas tax holiday is 'certainly worth considering'

"President Biden wants to do anything he possibly can to help consumers," she said on ABC's "This W…

John L. Dorman   


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1 min read

Bengal Chamber of Commerce braces for financial hurdle after property tax blow

The 187-year-old chamber has its office inside the Royal Exchange Building in Dalhousie area, the t…

PTI   


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3 mins read

Billionaires made enough during the pandemic to pay off everyone's student loans

Forget cancelling student debt. Americans for Tax Fairness found that billionaires' collective weal…

Juliana Kaplan,Ayelet Sheffey   


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3 mins read

Joe Manchin gave a fresh hint on what he wants from a skinny Build Back Better: 'Just fix the tax code'

It's sometimes hard to know what, exactly, Sen. Joe Manchin wants from legislation — but it s…

Juliana Kaplan,Joseph Zeballos-Roig   


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2 mins read

Manchin wants Sinema to take a fresh look at tax rate hikes on corporations and the rich, but she's not budging

Sen. Joe Manchin is prodding Sen. Kyrsten Sinema to drop her opposition to rolling back parts of th…

Joseph Zeballos-Roig   


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Trump implementing a payroll tax cut through executive order would blow a hole in Social Security and Medicare's finances, economists warn

"It's like borrowing money from the Social Security and Medicare trust funds to give to employers j…

Joseph Zeballos-Roig   


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3 mins read

Indian government is softening the inflation blow with export bans, duty cuts and subsidies

The CPI inflation touched an eight-year high in April, at 7.79%. The rising inflation will not come…