The measure eliminates the 4.25 percent state levy on tipped and overtime wages and Social Security income, delivering broad tax relief for seniors and workers.
With unemployment heading upwards and people deferring spending due to job insecurity, the Reserve Bank has made a 50 basis point cut to interest rates.
In this newly created position, Frank Bisignano will oversee the IRS’s day-to-day operations as CEO and report directly to Treasury Secretary Scott Bessent.
The measure eliminates the 4.25 percent state levy on tipped and overtime wages and Social Security income, delivering broad tax relief for seniors and workers.
With unemployment heading upwards and people deferring spending due to job insecurity, the Reserve Bank has made a 50 basis point cut to interest rates.
In this newly created position, Frank Bisignano will oversee the IRS’s day-to-day operations as CEO and report directly to Treasury Secretary Scott Bessent.