IRS, Treasury Issue Guidance on Trump Accounts

The Internal Revenue Service (IRS) building in Washington on March 10, 2025. Madalina Vasiliu/The Epoch Times The Internal Revenue Service (IRS) and the Department of the Treasury have issued guidance on Trump Accounts, a new type of individual retirement account (IRA) for children, the IRS said in a Dec. 2 statement. The tax-advantaged Invest America accounts,

Trump Gives Most Direct Endorsement for Abolishing Federal Income Tax

U.S. President Donald Trump attends a Cabinet meeting at the White House in Washington on Dec. 2, 2025. Brian Snyder/Reuters President Donald Trump on Tuesday provided his most direct endorsement yet that he believes his tariff policies would generate enough revenue to abolish federal income taxes. Trump told reporters in a Cabinet meeting that “at

Small Businesses at Center of November’s Private-Sector Job Losses: ADP

A hiring ad is displayed at a store in Columbia, Md., on Sept. 18, 2025. Madalina Kilroy/The Epoch Times U.S. private sector payrolls unexpectedly declined in November, pointing to a sluggish labor market in the home stretch of 2025, new ADP data released on Dec. 3 show. Private businesses eliminated 32,000 positions last month, following