Nevada Democratic Sen. Catherine Cortez Masto and Mississippi Republican Sen. Cindy Hyde-Smith Friday re-introduced a bill that would eliminate the one-quarter of 1% federal excise tax on sports ...

Forbes contributors publish independent expert analyses and insights. I cover the intersection of state & federal policy and politics. One month past the halfway point of the year, 2025 has proven to ...

The federal tax on most National Firearms Act items is about to drop to zero, and you have only a short window left where the old rules still apply. With the $0 NFA tax taking effect at the start of ...

Penn is expected to face a 4% federal excise tax on its endowment income starting July 1, 2026 — a move that University officials have warned could significantly hinder its ability to support student ...