Importers of smoking tobacco products, particularly cigarettes, are increasingly saving millions in federal excise taxes by employing a refund mechanism known as the “drawback.” A recent report ...

Reports prepared by state agencies lay out the potential impact of the One Big Beautiful Bill Act on the state's budget and residents.

Foreign firms exploit tax loophole to claim refunds without paying excise taxes. Loophole creates cost burden for U.S. taxpayers and undercuts domestic growers. Closing loophole could save $12 billion ...

The One Big Beautiful Bill Act that is now in the Senate would pay for President Donald Trump’s campaign promises to make his 2017 tax cuts permanent, cut other taxes and boost spending for border ...