Democrats' propose top tax rate of 39.6% – here's who would pay it

61% of Americans paid no federal income taxes in 2020: report Fox News contributor Brian Brenberg joins ‘Kennedy’ to discuss how the pandemic impacted U.S. federal income taxes House Democrats on Monday unveiled a proposal to raise taxes on the top sliver of U.S. households, part of a sweeping plan to overhaul the nation's tax […]

US Senate panel advances EV tax credit of up to $12,500

Fox Business Flash top headlines for May 26 Check out what’s clicking on FoxBusiness.com. The U.S. Senate Finance Committee advanced legislation on Wednesday that would boost electric vehicle tax credits to as much as $12,500 for EVs that are assembled by union workers in the United States. The bill would limit tax credits to vehicles […]

Trump pledges 'biggest tax cut ever' if he wins election in November

Trump will be back to ‘full frontal campaigning very, very soon,’ senior adviser says Trump campaign senior adviser for strategy Steve Cortes discusses speaking with President Trump, his condition, election polling and what’s next for the campaign. President Trump vowed to continue lowering taxes if he defeats Democratic challenger Joe Biden on Nov. 3, tweeting from […]

Lucid Motors Joins the Gang Taking Aim at Tesla

Electric vehicle (EV) startup Lucid Motors officially unveiled its Lucid Air EV on Wednesday and began taking orders for three of its planned four models. For a refundable deposit of $1,000, customers can reserve a Lucid Air, Lucid Air Touring or Lucid Air Grand Touring. A refundable deposit of $7,500 nabs a reservation for the […]

Big-Box Giants’ Sales Miss Spurs Concerns About the Consumer

Through the ups and downs of the choppy U.S. economic expansion, the consumer has been perhaps the lone consistent driver of growth, spending money at a steadily rising clip. And there have as yet been no real signs in the broad data of that changing, with unemployment, housing and gas prices remaining supportive. But back-to-back […]