Washington — President Donald Trump on Friday requested a 10% cut in non-defense spending for the 2027 fiscal year and a massive $500 billion increase in the military budget, as the U.S. continues its ...
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High-income earners use discretionary trusts to pay less tax, but will budget change have unintended consequences?
The federal budget includes a new 30 per cent minimum tax on discretionary trusts. From July 1, 2028, income generated within a discretionary trust will be taxed at 30 per cent, with the tax paid out ...
Here is a look at which presidents ran the largest federal budget deficits in U.S. history and why, from World War I through ...
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