House Republicans are renewing efforts to introduce a national sales tax and abolish the Internal Revenue Service (IRS), framing the measure as a way to ensure illegal immigrants contribute taxes. Representative Buddy Carter (R-GA) will unveil the FairTax Act of 2025 on Thursday, a bill designed to overhaul the U.S. tax system by replacing the federal income tax with a 23% national sales tax.
President Joe Biden signed the Social Security Fairness Act on Sunday, introducing significant changes to Social Security benefits for nearly three million Americans.
Former President Donald Trump suggested Canada could join the United States as the 51st state, following Canadian Prime Minister Justin Trudeau’s resignation announcement earlier today.
PJM, the largest power grid operator in the U.S., faces increasing scrutiny as it struggles to balance growing energy demands with the transition to renewable resources. The organization manages the flow of power across 13 states and Washington D.C., but critics argue that outdated systems and slow project approvals are driving up costs for consumers.
A lucky Mega Millions player in California will be ringing in the New Year as a billionaire after winning an estimated $1.22 billion jackpot in Friday night's drawing.
Senate Democrats in Washington are advocating for new taxes to address a looming $16 billion budget shortfall, as revealed in a leaked email sent by Sen. Noel Frame (D-Seattle). The email, sent shortly after Governor Jay Inslee’s announcement of the shortfall, outlines additional taxes beyond those proposed by Inslee, which include a new wealth tax, a temporary 20% business surcharge, and an increase in business and occupation (B&O) tax rates.
President-elect Donald Trump will reportedly pull the United States out of the World Health Organization (WHO) on the first day of his administration, the Financial Times reported.
