Local public services are cornerstones of our communities, ensuring that our children are educated, our communities are safe ...

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Torsten Slok from Apollo Global Management says the key issue with the new U.S. budget is that it's an extension of tax cuts that were already in place, so the boost to GDP growth and inflation from ...

Congress passed the tax cut and spending megabill with President Trump's legislative priorities which includes new tax ...

Germany’s ruling coalition reached an agreement with the country’s state premiers on how to share the financial burden from a €46 billion ($53 billion) package of tax breaks intended to boost economic ...

Senate Republicans are aiming to wipe away some $3.8 trillion of federal budget red ink from the GOP’s signature tax-and-spending bill with an unprecedented parliamentary maneuver, stoking ...

BANGOR — Clean energy advocates are calling on Congress to reject proposed cuts to clean energy tax credits, saying they will drive up energy prices and force jobs to move out of state. “In Maine and ...

Republican bill aims to secure borders, strengthen military, and extend Trump tax cuts, preventing a $4 trillion tax increase while implementing Medicaid reforms ...

The tax reduction is part of a $1.2 billion package of tax cuts approved recently by the state’s Joint Finance Committee as it works toward a budget proposal.

That tax cut would have an even larger overall impact, reducing state tax collections by $395 million in 2025-26 and $300 million in 2026-27.

Overall, the impact of those tax cuts is expected to be more than $700 million in the first year and $605 million in the second year for a combine $1.3 billion tax cut.