The idea is politically popular, but the tax benefits may not go as far for low-income workers as many may think.

Goldman said tariffs could overshadow and boost to the economy provided by Republicans' sweeping fiscal package, which includes big tax and spending cuts.

ERIC PAUL ZAMORA [email protected] Democrats blasted Republicans for tilting most of President Donald Trump’s proposed tax cuts to the wealthy. Republicans, including Trump, counter that unless they pass their big tax bill this year,

In an effort to reduce emissions produced by gas-powered vehicles, the federal government began to offer Americans an electric vehicle tax credit of up to $7,500 during the Obama administration. This made pricey electric vehicles more affordable and accessible to average American drivers.

Former Vice President Mike Pence is praising congressional Republicans for pushing ahead with President Donald Trump’s bill of tax breaks and spending cuts.

Republicans who control the U.S. House of Representatives will try to nudge President Donald Trump's sweeping tax bill toward passage this week, despite a running battle over spending cuts and tax breaks that threatens to shatter their fragile majority.

President Donald Trump’s tax bill includes a measure to kill an Obama-era electric vehicle tax credit. Trump plans to sign the bipartisan "Take It Down Act," which aims to combat revenge porn and deepfakes with stricter penalties for non-consensual imagery. (Scripps News)