If the IRS cuts 50,000 employees, the agency’s diminished capacity would result in a loss of $395 billion over 10 years. The Trump administration’s plan to cut the workforce of the Internal Revenue Service in half and gut enforcement efforts could enable the richest people in the United States to evade an additional $30 million...
Watch: Is the US heading into a recession? Three warning signs to watch Chinese officials are calling on US President Donald Trump to “completely cancel” his so-callled reciprocal tariffs, as a trade war between the world’s two biggest economies grinds on. This week, Trump announced a 90-day pause for a host of global tariffs he...
President Donald Trump has unveiled plans for sweeping new import taxes on all goods entering the US, in a watershed moment for global trade. The plan sets a baseline tariff on all imports of at least 10%, consistent with a proposal Trump made on the campaign last year. Items from countries that the White House...
