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Tax Hike × CNBC Business ×

CNBC Business • Jun 02, 2025

Sports betting stocks slide after Illinois lawmakers approve tax hike

Shares of companies involved in online sports wagering declined on Monday following the approval of increased taxation by Illinois legislators, impacting investor confidence in the...

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CNBC Business • May 09, 2025

Trump eyes tax hike on wealthy—here’s how a 39.6% top rate compares to historic levels

A proposed increase in the top tax rate to 39.6% would impact high earners and could influence government revenue by aligning with or exceeding previous tax policies on the wealthy...

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CNBC Business • May 09, 2025

Trump backs tax hike on rich, but says GOP 'should probably not do it'

Trump’s support for increasing taxes on wealthy individuals signals a departure from usual party views, potentially impacting legislative negotiations and financial policy decision...

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