News

$75 billion firm wins carve-out in tax bill after lobbying push
The tax bill before Congress would partially exempt the U.S. Virgin Islands from a law meant to crack down on tax havens, ...
Texas Sen. Ted Cruz and U.S. Rep. Marc Veasey discuss President Trump's "big beautiful bill", proposed tax and spending cuts
Senate Republicans hope to pass the "big, beautiful bill" by July 4th. It will then go back to the House for consideration.
Senate GOPs carefully weighing controversial tax provisions before bringing Big, Beautiful Bill to the floor
Big, Beautiful Bill timeline in jeopardy as Senate vote delays to June 22, leaving a tight window for House approval before ...
GOP tax bill would cost poor Americans $1,600 a year and boost highest earners by $12,000, CBO says
The Republican tax bill approved by the House would cost the poorest Americans roughly $1,600 a year while increasing the ...
US Senate seeks to add expanded compensation for nuclear radiation victims to tax bill
The U.S. Senate has added language to the major tax and budget policy bill that would restart and expand a compensation ...
Medicaid 'churn': How working Illinoisians could lose coverage under Trump tax bill
Analysts say some working-class Americans who qualify for Medicaid could lose coverage because of churn from more frequent ...
Tax Breaks for 529 College-Savings Plans Expand in GOP Tax Bill
Savers might soon be able to use popular plans for much more than college.
Why Rooftop Solar Could Crash Under the G.O.P. Tax Bill
The big domestic policy bill passed by House Republicans last month would, by the end of this year, eliminate tax credits for ...
Bessent Sees Deficit Falling Over 10 Years After Tax-Cut Bill
Treasury Secretary Scott Bessent said that there are a number of different assessments of the deficit impact of Republicans’ ...
Trump's tariffs and tax bill look like a 'Greek tragedy' that could tank the economy and stocks, former IMF official warns
Former IMF official Desmond Lachman highlights risks from Trump tariffs and tax cuts, warning of potential inflation, higher ...