News

Trump is very wrong about how much the US is collecting from tariffs
Trump's claim of $2 billion daily tariff revenue is contradicted by US Customs and Treasury data, which show much lower ...
Big exodus of IRS employees underway as tax season hits full swing
Thousands of workers are leaving the IRS through deferred resignations. The big staff reductions might lead to decreased ...
US March deficit falls to $161 billion, customs revenue grows but still small
The U.S. government posted a $161 billion budget deficit for March, down 32%, or $76 billion, from a year earlier, a decline ...
About 25% of IRS workers planning to take buyout offer
A staggering 25% of Internal Revenue Service employees are taking buyouts and plan to resign, according to two sources with ...
IRS braces for $500bn drop in revenue as taxpayers skip filings in wake of DOGE cuts at agency
Individuals were ‘wagering that auditors will not examine their accounts’ amid DOGE’s plans to downsize the IRS by nearly 20 percent ahead of tax filing season ...
Trump says his tariffs could bring in trillions in revenue. Economists disagree.
Experts estimate far lower figures in tariffs revenue, warning that President Trump's tariffs could drive up prices for ...