If the proposed tariffs on Chinese goods go through, Intermountain Furniture is going to have to make some changes.

“We’ll have substantial tariff income in the beginning,” he said in an interview with Tucker Carlson. Then, Bessent said, “the revenue from the factories, from income taxes from all the ...

Musk and Bessent’s relationship has been tense at best. The Tesla CEO lobbied hard to land Howard Lutnick as the Treasury ...

President Donald Trump says "there's a real chance" tariff revenue can replace the income tax. Here's what economists say on ...

U.S. Treasury Secretary Scott Bessent said Wednesday that while the Trump administration was committed to playing an active ...

How do we know that the president’s claims about tariff revenue are false? Because of the evidence provided by his own ...

DOGE has effected some change at the IRS, but the biggest tax changes still won't happen until a tax bill gets passed.

Ever since President Donald Trump introduced his first set of higher tariffs, it’s been a waiting game to see just how big an ...

President Donald Trump will replace Internal Revenue Service Acting Commissioner Gary Shapley, who was backed by Elon Musk, ...

U.S. President Donald Trump plans to replace income taxes with tariffs, but what does that mean for the average middle-class ...