Budget experts say Trump-backed tax cuts in Public Law 119-21 could raise U.S. deficits by $4.1 trillion over 10 years, according to Congressional Budget Office estimates ...

Janet Yellen told Newsweek that exempting U.S. firms from new global taxation rules had sacrificed "significant tax revenue.” ...

The sweeping legislation, which passed in July, renewed the 2017 tax cuts for individuals and granted additional tax breaks, ...

Strategic cuts and accounting cover the budget hole, but also transferring costs to local governments.

Facing a projected $3.5 million deficit for fiscal year 2027, the South Hadley Budget Task Force is exploring options for a Proposition 2½ override — ranging from $3 million to $9 million — to ...