Your Pulse On America: Live And Unfiltered
Harvard University signaled Friday that it would resist President Trump’s renewed threat to revoke the school’s tax-exempt status, intensifying the bitter dispute between the White House and the nation’s oldest university. Harvard stopped short of explicitly pledging a legal challenge to a revocation of its tax status, a change that would upend the university’s finances….
Trump’s tumultuous start When President Trump took office in January for his second term, business leaders anticipated an administration that would lower taxes, loosen regulations and open up deal-making. Instead, Wall Street got chaos. The president has taken a cudgel to global trade with enormous tariffs, threatened the independence of the Fed and made the…
The Internal Revenue Service’s audit rate has been lower this decade than in most taxpayers’ lifetimes, a New York Times analysis shows, and if the Trump administration follows through with plans to cut the agency’s work force, audits will almost certainly become even rarer. The most recent I.R.S. data shows the audit rate of individual…
The Internal Revenue Service is preparing to give a team member working with Elon Musk’s so-called Department of Government Efficiency access to sensitive taxpayer data, people familiar with the matter said. The systems at the I.R.S. contain the private financial data tied to millions of Americans, including their tax returns, Social Security numbers, addresses, banking…
You can still get your tax refund sent to your checking account, say, and then use the money to buy digital I bonds via TreasuryDirect. What’s going away is the ability to fill out a special form with your tax return and have the paper bonds bought with your refund. The change was quietly announced…
The Senate on Monday voted 68 to 29 to confirm Scott Bessent to be President Trump’s Treasury secretary, putting in place the new administration’s top economic official who will steer an agenda that is focused on tax cuts, tariffs and deregulation. Mr. Bessent, a billionaire hedge fund manager with deep experience in financial markets, is…