House Republicans on Monday outlined their plans for an expansive tax bill that would temporarily enact President Trump’s campaign pledges not to tax tips or overtime pay, roll back subsidies for clean energy and create a new type of tax-advantaged investment account for children. The bill, which the Ways and …
As Elon Musk sought to reassure Wall Street analysts on Tuesday that he would soon scale back his work with the federal government, the strain of his situation was audible in his voice. The world’s richest man said that he would continue arguing that the Trump administration should lower tariffs …
Since taking office, the Trump administration has moved aggressively to revoke the temporary legal status of hundreds of thousands of immigrants who were allowed into the country under President Joseph R. Biden Jr. Now, the administration is taking drastic steps to pressure some of those immigrants and others who had …
President Trump has vowed that he wouldn’t cut Social Security benefits, but his administration’s actions, led by Elon Musk’s Department of Government Efficiency, have upended the agency, leaving many beneficiaries concerned that the popular program and their payments may be imperiled. Several players from the private equity world are now …
When the Wall Street veteran Frank Bisignano goes before Congress on Tuesday as President Trump’s pick to lead the Social Security Administration, he will confront questions about how he would run an agency suddenly in the grips of upheaval. In recent weeks, the billionaire Elon Musk has zeroed in on …
Follow live updates on the Trump administration here. When Eleanor H., 66, called the Social Security Administration last month seeking details about her retirement benefits, she didn’t expect to comfort the representative who answered. The woman started sobbing. “I asked her what was wrong, and she said she and her …
In recent weeks, Elon Musk and his aides have gained access to many federal agencies’ systems and unknown amounts of data. Many readers have written in to share their fears that the agencies — and the personal data they possess on hundreds of millions of taxpayers — are now vulnerable. …
Amid the global turmoil of this young new year comes a flurry of welcome developments that will help many people — especially retirees and those close to retirement — supercharge their savings, cut prescription drug costs, keep more of the money they earn and, possibly, raise their credit scores. Fair …
The Social Security Administration receives billions in free money each year from an unexpected source: undocumented immigrants. This group paid an estimated $25.7 billion in Social Security taxes in 2022, according to a recent analysis from the Institute on Taxation and Economic Policy, a left-leaning tax research group. Since unauthorized …