To Pay for Trump Tax Cuts, House GOP Floats Plan to Slash Benefits for the Poor and Working Class
A menu of options being circulated by congressional Republicans also includes new tax cuts for corporations and the ultrawealthy.
House Republicans fail to clinch deal on tax cuts, despite Trump's urging
A three-day meeting of U.S. House Republicans, meant to jumpstart President Donald Trump's $4 trillion tax cut agenda, ended on Wednesday without a deal as party fiscal hawks refused to move ahead unless the plan reduced the $1.
Paying for Trump's tax cuts could lead to big changes for taxpayers. Here's what could be in store.
Republican lawmakers are floating a range of ideas to pay for an extension of President Trump's Tax Cuts and Jobs Act.
Trump Tax Cuts Not Just Good For Billionaires, Say Billionaires
A memo obtained by the Guardian shows Charles Koch's dark-money network spending big on—sorry, against—class warfare.
Farm households will see more tax liability when Trump tax cuts expire
One of President Donald Trump’s first-term achievements was a major tax cut, which he signed into law in 2017. The Tax Cuts and Jobs Act largely benefited the wealthiest families in the U.S. But farm households also saw their tax rates decrease.
Dems launch group to hit Trump on tax cuts
Democrats are launching a tax-focused group as their newest messaging megaphone in an attempt to counter President Donald Trump on one of his signature issues. Organizers said the nonprofit group, Families Over Billionaires,
House GOP explores alternative math on Trump tax cuts
House Republicans are actively exploring how they can score the deficit cost of extending Trump's 2017 tax cuts by using multiple sets of accounting standards. Why it matters: Depending on the standard,
President Trump continues push for ‘no tax on tips’
While President Donald Trump continues to call for an end to federal taxes on tips, lawmakers from both sides of the aisle are trying to put that into action.
Americans love Trump's tax cuts. What would they give up to keep them?
Most Americans like the Trump tax cuts. Now, Congress must decide what taxpayers would give up in order to keep them.
Scott Bessent Confirmed as Treasury Secretary, Giving Him a Key Role in Extending Trump's Tax Cuts
The U.S. Senate has confirmed billionaire investor Scott Bessent as President Donald Trump’s treasury secretary ...
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Tesla Paid Zero Federal Income Tax in 2024, Despite $2.3 Billion in Income
Elon Musk’s Tesla paid a total of $0 in federal income taxes in 2024, new tax reports show, despite the company having raked in billions of dollars in income and being the most valuable car company in ...
Gov. Reeves urges tax cuts in State of the State address for Mississippi. See what he said
Gov. Tate Reeves pushed tax cuts and touted economic development during his annual State of the State Address.
Indiana Senate approves income tax cut. Here's how much you would save.
Senate Bill 451 from Republican Sen. Travis Holdman could lower Indiana's income tax rate further starting in 2030, but it ...
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Indiana State Sen. Gaskill Vows to Work with Governor Braun on Property Tax Reform Following State of the State Address
Sen. Mike Gaskill supports Gov. Braun's stance on Indiana's local taxes and commits to reform via Senate Bill 1.
Stitt renews call for income tax cut, wants Legislature to eventually eliminate it
Gov. Kevin Stitt issued a renewed call on Wednesday for lawmakers to reduce the state’s income tax by 0.5% and create a ...
School choice, tax cuts, religion in schools are Senate priorities, Lt. Gov. Patrick says
Lt. Gov. Dan Patrick named school choice, property tax cuts, religion in schools and banning hemp-derived THC products among ...