New York City Mayor Zohran Mamdani is under fire for backing a plan that would slash New York’s estate tax exemption by nearly 90%, a move opponents say could drag middle-class families into a tax burden long aimed at the rich. New York is one of the states that imposes its own estate tax in addition to the federal levy, and the proposed changes would dramatically expand its...

California Gov. Gavin Newsom’s repeated claims in recent weeks promoting his state as more tax-friendly than Florida and Texas don’t add up, according to an expert who ran the numbers. “Texas and Florida are the REAL high-tax states,” Newsom recently posted on X, explaining onstage at SXSW in Austin, Texas that California has the most “progressive tax rates in America” while taking shots at the tax burden in Florida...

Sen. Markwayne Mullin, R-Okla., survived a key test vote on Sunday on his way to becoming the next Homeland Security chief.  Mullin, who was tapped by President Donald Trump to be the next Department of Homeland Security secretary, still has one more vote to go, and likely won’t be confirmed until Monday evening. Should he survive the final confirmation vote on Monday, he will replace DHS Secretary Kristi...