Taxes July 2, 2025
Trump Risks Voter Blowback as GOP Tax Bill Moves Forward
Polling has found the "big, beautiful bill" is not especially popular with voters, prompting Democrats to see an opening to weaponize it in midterm contests.
General News July 1, 2025
Trump Threatens Elon Musk with Investigations After Budget Feud
President Donald Trump lashed out at former presidential advisor Elon Musk on Tuesday, threatening to investigate his companies and even his immigration status amid their feud over the "big, beautiful bill."
Taxes July 1, 2025
Trump Tax Bill Passes Senate
The slim 51-50 vote margin sets up a frantic few days in the House, where Republicans have to figure out how to unite to get a bill to President Donald Trump’s desk before his self-imposed July 4 deadline.
Taxes July 1, 2025
Elon Musk Lashes Out at Tax Bill Proponents, Threatens to Unseat Lawmakers
The Tesla CEO is once again threatening to ramp up his political spending, this time targeting nearly every sitting Republican in Congress who has signaled support for President Donald Trump’s multitrillion-dollar tax bill.
Taxes June 30, 2025
Senate Cuts Electric Vehicle Credits From Trump Tax Bill, Draws Ire From Musk
Elon Musk slammed the Senate's latest version of President Donald Trump’s multitrillion-dollar tax bill warning that the cuts to EV and other clean energy credits would be “incredibly destructive” to the country.
Taxes June 30, 2025
Plan to Sell Public Land Knocked Out of Trump Tax Bill
The plan had drawn opposition from members of both parties, and the Senate parliamentarian last week had ruled a more ambitious plan didn’t belong in the budget bill.
Taxes June 27, 2025
Trump Hints July 4 Deadline Could Change for Tax Bill
“It’s not the end-all. It can go longer,” Trump told reporters at a White House press conference on June 27. “But we’d like to get it done by that time, if possible.”
Taxes June 27, 2025
Tax Carveout for Hillsdale College Ruled Out of Trump’s Bill
The Senate parliamentarian concluded that a section of the tax bill exempting a small number of religious schools, including the Christian liberal arts college in Hillsdale, MI, violated the chamber's procedural rules for the budget reconciliation process.
Taxes June 26, 2025
House Freedom Caucus Members Bash Senate Over Clean Energy Credits in Trump’s Tax Bill
In an opinion column for Newsweek, the caucus members argued that the Senate would preserve “too much” of what President Donald Trump previously called a “scam.”
Taxes June 24, 2025
GOP Considers Canceling Recess to Wrap Up Trump’s Tax Bill
Republican leaders are stepping on the gas to get the giant budget package to President Donald Trump's desk before his July 4 deadline.
PCAOB June 23, 2025
PCAOB Gets New Life—For Now—Thanks to the Senate’s Nonpartisan Referee
Republican lawmakers' plan to fold the PCAOB into the SEC hit a snag last Thursday when it was determined in the Senate that the provision in the GOP tax-and-spending bill violates the "Byrd Rule."
Payroll June 23, 2025
What is a ‘Trump Account’ and How Can it Help New Parents and Their Babies?
Under the tax-and-spending bill currently in Congress, qualifying parents of newborn children through Dec. 31, 2028, will receive $1,000 for what’s being called a Trump Account. It could be opened by a parent or guardian.