Taxes June 17, 2025
Senate Republicans’ tax bill would eliminate federal taxes and regulations on short-barreled rifles, short-barreled shotguns, and silencers as well as preempt state or local licensing requirements in a win for gun-rights advocates.
Taxes June 17, 2025
Senate GOP released a bill that would end tax credits for wind and solar earlier than for other sources, and make only modest changes to most other incentives, dashing hopes of those seeking relief from major cuts passed by the House.
Taxes June 17, 2025
The Senate's version of President Donald Trump’s signature economic package expands some tax breaks while raising the debt ceiling by $5 trillion, instead of $4 trillion in the House-passed measure.
State and Local Taxes June 16, 2025
The Senate Finance Committee Monday rolled back the SALT deduction cap to $10,000 in its first draft of President Trump's sprawling budget bill, a dramatic reversal from the $40,000 that was negotiated in the House last month.
Taxes June 16, 2025
The “big, beautiful” tax bill that’s currently winding its way through Congress would, if it becomes law, lead to drastically different results for U.S. taxpayers, depending on where you fall on the income spectrum.
Taxes June 12, 2025
The reconciliation bill passed by the House would most benefit high earners and reduce financial resources available to the lowest-income households, the Congressional Budget Office said on June 12.
Taxes June 11, 2025
The need for fixes risked derailing the reconciliation package containing most of President Donald Trump’s agenda, from tax cuts and border security to spending cuts and a major increase in the nation’s borrowing limit.
Taxes June 11, 2025
The Republican-led House of Representatives was poised Wednesday to tweak some provisions in the sprawling budget bill that ran afoul of the complicated rules allowing the GOP to pass the bill using the arcane reconciliation process.
Taxes June 11, 2025
The former presidential advisor recently slammed the president’s proposed spending bill claiming it will balloon the deficit. Turns out, most Americans agree with his critique, new polling reveals.
Taxes June 9, 2025
The 1,037-page bill is chock full of increased spending for border security and the military, but the biggest ticket items are sweeping tax cuts that Republicans say will boost the economy.
Taxes June 6, 2025
The current feud between President Donald Trump and Elon Musk is increasing pressure on the White House over its signature legislation known as the “One Big Beautiful Bill Act”—a bill under intense scrutiny in the Senate.
State and Local Taxes June 6, 2025
Senate Majority Leader John Thune (R-SD) has suggested the upper chamber will have to make some changes to the massive tax breaks and spending package passed by the House—including to the SALT cap.