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The White House is reportedly weighing executive actions to bolster unemployment benefits and bail out the airline industry
The White House is considering the moves if the economic recovery stalls out with the lack of a bip…
Joseph Zeballos-Roig
Business groups say implementing Trump's payroll-tax holiday would be 'unfair to employees,' warning some workers could be stuck with a $2,200 tax bill next year
The letter signed by top business organizations said employers would likely continue withholding th…
Joseph Zeballos-Roig
Trump is enacting a payroll-tax holiday through executive action. But that doesn't mean workers will see extra money in their paychecks.
Experts say employers are likely to hold on to the cash since the president only has authority to d…
Joseph Zeballos-Roig
Trump's payroll tax holiday could shrink workers' take-home pay early next year since employers have to collect twice as much from paychecks
Experts say employers that opt into the initiative would have to withhold taxes twice early next ye…
Joseph Zeballos-Roig
An accountant won $78 million in the lottery, but isn't quitting his job until he's wrapped up all his clients' taxes
British accountant Richard Nuttall and his wife Debbie won $78 million in January, but he said he w…
Mikhaila Friel
'A guinea pig for a bad policy': 1.3 million federal workers will have payroll taxes deferred under a controversial new directive from Trump
The move will cause them to bring home smaller paychecks as the government doubles its payroll-tax …
Joseph Zeballos-Roig
Social Security could be depleted by 2023 if Trump eliminates the payroll tax, chief actuary says
Trump has said he would move to eliminate the payroll taxes that help fund Social Security if he we…
Joseph Zeballos-Roig
The House of Representatives is joining some red states and large companies in rejecting Trump's payroll-tax deferral for its employees
The sparse involvement from big employers threatens to inflict a blow on a measure the Trump admini…
Joseph Zeballos-Roig
1.3 million active-duty troops will have their payroll taxes deferred under Trump's controversial order — and they can't opt out
Democrats ripped into the policy move, calling it politically motivated and "disgraceful." The mone…
Joseph Zeballos-Roig
The White House is reportedly weighing whether Trump can sidestep Congress and cut taxes on his own
President Trump supports a capital-gains tax cut, which would mostly benefit wealthy households. Bu…
Joseph Zeballos-Roig
It doesn't look like Trump's executive actions on coronavirus relief will actually do much
President Donald Trump swooped in Saturday to fix what Congress couldn't. But his executive actions…
Rebecca Harrington
The White House is doubling down on Trump's proposed payroll-tax cut, even amid weak support from Senate Republicans
Republican Sen. Susan Collins said a payroll-tax cut was "extremely expensive" and "would only bene…
Joseph Zeballos-Roig
Trump is doubling down on a payroll tax cut that has slim GOP support and would do virtually nothing to help jobless Americans
The president said he may not sign an economic relief bill that doesn't contain a payroll tax holid…
Joseph Zeballos-Roig
Trump's idea of a payroll tax cut would be nearly useless for the Americans who need the help the most
Workers would also be less likely to spend the money if they are confined to their homes and avoidi…
Joseph Zeballos-Roig
Trump confirms he's considering payroll tax cuts, a day after the White House denied such a proposal
That would hit far more consumer products than in previous moves and could hurt retail spending, wh…
Gina Heeb
A prospective juror excused from Trump Organization tax evasion trial said 'there is no chance in hell' she could have been impartial
Another potential juror — who was also later excused — reportedly told another juror he…
Laura Italiano,Natalie Musume…
It's Time To Cut The Payroll Tax
The upshot of today's bad jobs report, assuming the numbers aren't revised massively, is that the r…
Here's How The Fiscal Cliff Deal Screwed Over The Poor
This is largely the result of the expiration of the payroll tax holiday which was not extended last…
Danny Vinik
Congress just voted to make Juneteenth a federal holiday. Here's why the campaign took decades.
For years attempts to make it a permanent federal holiday have been repeatedly shut down by politic…
Ashley Davis
A 'Potent One-Two Punch' Has Wal-Mart Execs Freaking Out In Internal Emails
"Consumers were shopping and hunting for those clearance items," Michael Niemira, chief economist a…