We need more power from more sources, including wind, solar, geothermal and any other promising avenues. But subsidies like ...

Tucked into the huge set of tax cuts that Republicans passed into law this month was the expansion of an unusually valuable ...

Ben Harris is director of economic studies at the Brookings Institution and the former chief economist at the Treasury ...

The Trump administration quietly announced Thursday that it is abandoning a Biden-era effort to close a loophole that allows large business partnerships to repeatedly manipulate the value of their ...

Some of them say that the true amount of taxes avoided far dwarfs even the $100 billion figure, though the IRS is unlikely to ever find anywhere close to all of the money.

The Treasury Department estimates that a new law requiring big companies to pay a 15 percent tax will raise $250 billion from large corporations over the next 10 years.

Exempting yet more income from taxation would worsen a tax code that already treats people with the same level of income differently.

The IRS has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the agency is making use of the money it received as part of the Biden administration’s ...

The IRS and Treasury Department on Monday unveiled a plan to end a major tax loophole used by wealthy taxpayers, a move that could generate as much as $50 billion in revenue over the next decade ...

The IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50 billion in revenue over the next decade, the U.S. Treasury Department says.

WASHINGTON (AP) -- The IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50 billion in revenue during the next decade, the U.S. Treasury Department says.