Tax

Texas House Speaker Dade Phelan Announces Withdrawal from Reelection Bid

Texas state Rep. Dade Phelan (R-Beaumont) announced on Friday that he will not seek reelection as Speaker of the Texas House. Phelan’s decision comes after claiming last month that he had enough support to defeat both Republican and Democratic challengers.

Trump Announces High-Profile Appointments to IRS, SBA, and Social Security Administration

President-elect Donald Trump announced a slate of key nominations Wednesday for his upcoming administration, selecting experienced leaders to helm pivotal federal agencies.

Pelosi Backs Biden’s Controversial Pardon of Hunter Biden

Former House Speaker Nancy Pelosi has publicly endorsed President Joe Biden’s decision to grant his son, Hunter Biden, a full and unconditional pardon. Speaking to The Hill on Wednesday, Pelosi stated, “I support the president,” and confirmed her support for the pardon specifically, adding, “The pardon, yes.”

Judge in Hunter Biden Case Calls Pardon ‘Unconstitutional’

A federal judge overseeing Hunter Biden's California tax charges condemned President Joe Biden's statement that "no reasonable person" would find the charges fair.

California Rep. Criticizes California’s Proposal to Exclude Tesla From Receiving EV Credits

Rep. Ro Khanna (D-CA) openly criticized California's recent proposal to potentially exclude Tesla from receiving electric vehicle (EV) credits during an appearance on CNBC.

San Francisco’s New Mayor Inherits Nearly $1 Billion Budget Crisis

San Francisco Mayor-elect Daniel Lurie faces a daunting task as he prepares to address the city’s $876 million budget shortfall when he takes office on January 8. The fiscal crisis stems from pandemic-era decisions, declining tax revenue, and rising costs.

Trump Vows to Block $14.9 Billion U.S. Steel Buyout, Promises Tariffs to Revive Industry

President-elect Donald Trump has reaffirmed his opposition to the proposed $14.9 billion acquisition of U.S. Steel by Japanese company Nippon Steel. Trump pledged to block the deal, continuing the stance taken by the Biden administration earlier this year. He proposed stronger tariffs and tax incentives to reinvigorate the iconic steel company and prevent it from relocating its operations out of Pittsburgh.

Biden Admin Pushes $7 Billion Loan for EV Battery Plants in Indiana

The Biden administration announced a $6.85 billion loan on Monday to build two electric vehicle (EV) battery plants in Kokomo, Indiana.

Special Counsel Challenges Dismissal of Hunter Biden’s Charges After Presidential Pardon

Special counsel David Weiss has asked a California federal court not to dismiss the tax charges against Hunter Biden, despite President Joe Biden’s sweeping pardon of his son. In a motion filed Monday, Weiss argued that the charges should remain on the public record, even if the case is formally closed.

Manchin Urges Biden to Pardon Trump After Hunter Controversy

Senator Joe Manchin called on President Joe Biden to issue a pardon for President-elect Donald Trump, citing the need for balance following Biden’s controversial pardon of his son, Hunter Biden. Speaking to CNN, the West Virginia independent suggested a blanket pardon for Trump to "clean the slate."

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