News

GOP Congressman Falsely Claims Trump's Tax Bill Won't Cut Medicaid, Food Benefits
Rep. Derrick Van Orden (R-Wis.) said Democrats are "lying" about the sweeping GOP plan to cut $1 trillion from federal health ...
What Republicans’ new tax bill would mean for state and local tax deductions
The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.
How House Republicans' big tax and spending vote will shape the next election
Thursday morning's vote is already at the center of ads in swing districts, as Democrats and Republicans battle for control ...
What’s in the GOP tax bill? An $815 tax cut for middle-class households — and $44,000 for millionaires
Households in the top 0.1% would reap more than $390,000 in tax savings, according to one analysis of the tax and spending ...
GOP Tax Bill Touts 'Trump Accounts' Giving $1,000 To Newborns — But Experts Say It Wouldn’t Do Much For Parents
The "big, beautiful" and egotistically named "Trump Accounts" offer a flash of cash and loud branding — but not much else to ...
The Republican tax and spending plan: What's in it and what will it cost and save
The Republican-led House of Representatives has passed a sweeping budget package that would fulfill many of President Donald ...
How California’s wealthiest people benefit most from the Republicans’ tax cut
California Republicans were pleased that lower- and middle-income residents will be able to deduct more of their state and ...
Republicans Harness Tax Code to Punish Trump’s Political Nemeses
Immigrants and wealthy universities, as well as foreign companies, would see higher taxes under the House-passed bill.
GOP Budget Faces a Nervous Bond Market Worried About Tax Cuts, Increased Debt
Yields on government debt have risen as Congress weighs Trump’s budget plan. Meanwhile, interest on the debt is approaching ...
House Republican tax bill passes 'SALT' deduction cap of $40,000. Here's who would benefit.
If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out ...
Senate Republicans look to curb House rollback of IRA tax credits
Senate Republicans are planning to have the last word. The legislation that passed the House early Thursday made a number of changes impacting clean energy tax credits under Democ ...