How the Trump Administration Is Giving Even More Tax Breaks to the Wealthy

The Treasury Department and Internal Revenue Service are issuing rules that provide hundreds of billions of dollars in tax relief to big companies and the ultrarich.

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Mamdani Wants to Tax the Rich. Can He Persuade State Leaders?

After an impressive victory, Mayor-elect Zohran Mamdani now must find funds for his programs. His push for higher taxes puts Gov. Kathy Hochul, who faces a re-election fight, in a tough spot.

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I.R.S. Suspends Free Online Offering to File Taxes Directly

The new program, Direct File, helped low- and moderate-income taxpayers file their returns more easily, and had been expanding.

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Cuomo Earned Almost $5 Million From Consulting in 2024, Returns Show

Most of Andrew Cuomo’s income came from Innovation Strategies, a company created for his consulting work before he ran for mayor of New York City. He has not disclosed his clients.

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JB Pritzker Won $1.4 Million Playing Blackjack in Las Vegas

The Illinois governor reported the winnings on his 2024 tax returns, which his campaign released this week. “I was incredibly lucky,” he said.

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How Universal Child Care Could Change the Economy

Zohran Mamdani, the Democratic nominee for New York City mayor, has proposed no-cost, universal child care, helping to reignite a national conversation.

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‘Tax the Rich,’ French Protesters Cry, as the Wealthy Push Back on Paying More

With a budget crisis looming, a proposal for a tax on ultrahigh-wealth individuals has grass-roots support, but it adds conflict to an already fragmented political landscape.

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The Wealth Tax Plan That’s Roiling New York and French Politics

Endorsed by Zohran Mamdani and criticized by business leaders, the idea involves hitting millionaires with a stiff levy.

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The Cloudy Outlook for New York City’s Economy

Employers are adding far fewer jobs, and even the health care sector could soften. But the city’s economy appears stronger than those on the West Coast.

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New York Needs More Millionaires, Fiscal Watchdog Says

A report by the nonpartisan Citizens Budget Commission comes at a time when income inequality and affordability have been the most prominent themes in the race for New York City mayor.

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