Trump's Social Security plan could lead to 33% benefits cut: Analysis
Donald Trump's plans could undermine Social Security's financial stability and lead to a large benefits cut, nonpartisan think tank says.
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Donald Trump's plans could undermine Social Security's financial stability and lead to a large benefits cut, nonpartisan think tank says.
Donald Trump is proposing making interest on car loans tax-deductible. But the benefit would mostly help high earners.
The economy has weighed heavily on voters' minds as the Nov. 5 presidential election nears. Vice President Kamala Harris shares her plans.
The Wharton School says Harris and Trump campaigns' economic proposals would increase the national deficit. "CBS Evening News" anchor and managing editor Norah O'Donnell asked Minnesota Gov. Tim Walz and Ohio Sen. JD Vance how they would pay for the plans without ballooning the deficit.
The IRS adjusts its tax brackets and other provisions each year for inflation. Here's what experts say to expect in 2025.
Former President Donald Trump outlined his plan to lower taxes for American manufacturing in Georgia on the campaign trail Tuesday, while Vice President Kamala Harris' campaign held a "Republicans for Harris-Walz" event. CBS News chief election and campaign correspondent Robert Costa and CBS News digital reporter Aaron Navarro have the latest.
Former President Donald Trump has unveiled a flurry of proposed tax cuts aimed at seniors, homeowners, tipped workers and more.
The Federal Reserve reduced its benchmark interest rate for the first time in more than four years on Wednesday. The move will directly impact the finances of millions of Americans. Jared Bernstein, chair of the White House Council of Economic Advisers, joins "America Decides" to discuss.
Donald Trump is proposing to reverse a key element of his signature 2017 tax law that affected millions of homeowners. Here's what to know.
Government figures show it now costs more than $300,000 to raise a child from birth to age 18. Since 1997, the federal child tax credit has been helping parents save a little bit of that money. Now, both the Harris and Trump campaigns are proposing supersized versions of the tax break. Nancy Cordes reports.
The presidential candidates hit more battleground states on Friday, with Vice President Kamala Harris visiting two towns in Pennsylvania and former President Donald Trump holding a rally in Nevada. Trump repeated a widely debunked rumor that undocumented Haitian migrants in Springfield, Ohio, are eating people's pets. CBS News campaign reporter Katrina Kaufman has more.
North Carolina Gov. Roy Cooper says Vice President Kamala Harris is "her own person" and has already shown that she wants a way forward while outlining some of her positions on the campaign trail. "It's a pretty clear choice for me," Cooper told CBS News' Caitlin Huey-Burns ahead of Tuesday's debate between Harris and former President Donald Trump.
Ruling comes on same day EU court enforces whopping $2.7 billion penalty against Apple in long-running antitrust case.
The IRS said funding from the Inflation Reduction Act has helped it go after wealthy taxpayers who failed to pay their tax bills.
Vice President Kamala Harris released new details Wednesday on tax incentives for small businesses should she win the 2024 election. CBS News campaign reporter Shawna Mizelle reports on the plan.
While campaigning in New Hampshire on Wednesday, Vice President Kamala Harris served up an idea that would allow new small businesses a chance to write off up to $50,000 in startup costs, up from the current maximum of $5,000. Ed O'Keefe reports.
Each presidential candidate is proposing significant changes to the tax code. Here's who would win and lose.
Vice President Kamala Harris and former President Donald Trump's tax plans could affect your paychecks in very different ways. CBS MoneyWatch associate managing editor Aimee Picchi has a look at each of them.
Former President Donald Trump's tax and spending proposals could send the national debt soaring, according to a new study by the Penn Wharton Budget Model. Scott Lincicome, the vice president of general economics at Cato's Herbert A. Stiefel Center for Trade Policy Studies, joins CBS News with more.
The state of the economy continues to be a top voting issue in 2024. Here's how Vice President Kamala Harris and former President Donald Trump differ on economic policy proposals as they campaign for the White House. CBS News' Tom Hanson reports.
The Americans freed in a historic prisoner swap with Russia will likely face challenges as they return to ordinary life, including automatic IRS penalties. Diane Foley, president and founder of hostage advocacy group the Foley Foundation, joins CBS News to discuss the bill sitting in Congress to address the tax issue.
Former President Donald Trump's pledge to cut taxes that seniors pay on their Social Security income would ultimately hurt the program, experts say.
In today's MoneyWatch, a potential game-changer for parents: Congress is considering a significant expansion of the child tax credit, which could mean increased savings or larger tax refunds for families. CBS News business analyst Jill Schlesinger has more.
A major tax package that would bolster the popular Child Tax Credit and cut taxes for businesses failed to advance in the Senate on Thursday in the face of widespread Republican opposition.
Immigration and the economy are among some of the key issues for voters in the 2024 election. Now, a new report from the nonpartisan Congressional Budget Office suggests that migrants coming to the U.S. could help the country's financial situation. CBS News immigration and politics reporter Camilo Montoya-Galvez joins to unpack the findings.