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When President Donald Trump signed the Big Beautiful Bill into law on July 4, it did more than reform the nation’s tax code. It prevented the largest tax hike in American history.

The CBO handed Republicans a major political talking point, with projections showing the possibility for tariffs to bring in more federal revenue than would be lost by Trump's tax cut plan.

House Republicans have proposed using their tax and spending bill to end duty-free imports of cheap foreign goods, a perk companies have used to grow their U.S. business for the past decade.

Fuel shipments from Texas headed to Mexico have ground to a halt as the Mexican government cracks down on imports over tax payments.

A comprehensive tax measure advanced in the U.S. House of Representatives on Jan. 31 as congressional leaders continue to negotiate fiscal 2024 transportation funding legislation.

The Oregon Trucking Association, along with three trucking firms, has sued the state and its top politicians, alleging that truckers have been charged more than their share of road taxes.

For truckers who first used their vehicles in July on a public highway, the IRS is reminding them of an Aug. 31 deadline to electronically file their heavy highway vehicle use tax return.

With a new highway use tax set to taking effect with the new year, the trucking industry in Connecticut still has many questions about how to comply and who must pay the tax and is also floating the possibility of legal action.

Clarus Solutions' Blake Baumann: "One solution to help ease some pressure in the trucking industry may lie in pursuing government tax incentive programs, such as the Work Opportunity Tax Credit."

Rapidly climbing inflation in the U.S. is accelerating calls from governors and state leaders to provide immediate tax relief to cash-strapped residents facing higher prices on everyday products such as gas, milk and electricity.