Taxes May 28, 2025
What to Know About the Federal Tax Credit Scholarship Proposal Moving Through Congress
A new federal program would offer up to $5 billion in tax credits a year to fuel private school attendance nationwide.
Taxes May 28, 2025
Fate of $20 Billion U.S. Home Solar Market Lies in GOP Senate Hands
The U.S. residential solar market is awaiting to see if Republicans in the Senate will challenge their brethren in the House and change provisions of the massive tax-and-spending bill that executives and analysts say would devastate the industry.
Taxes May 28, 2025
Elon Musk Says in Interview He’s ‘Disappointed’ With Trump’s ‘Big, Beautiful Bill’
In an interview with CBS News, Musk said he's disappointed because the tax-and-spending bill increases the deficit and "undermines the work that the DOGE team is doing."
Taxes May 27, 2025
GOP Tax Bill Could Make EVs More Expensive by Removing Tax Credits
A Republican-backed tax-and-spending bill passed by the U.S. House on May 22 aims to roll back federal clean energy incentives—a move critics warn could raise costs for those who purchase electric vehicles.
Taxes May 27, 2025
Legislators Target a Federal Tax Program That Funds State Medicaid Programs
For years, states have been taxing health care providers to draw down additional federal funds for their Medicaid programs.
Taxes May 27, 2025
Pending Tax Legislation Will Result in Cancellation of IRS Direct File
The tax bill that passed the House and is headed to the Senate includes a provision to end the IRS Direct File program.
Taxes May 23, 2025
SALT Write-Off, Harvard Tax, Medicaid Cuts: What’s in Trump’s Bill
Here’s a rundown of the House bill’s main provisions impacting people and businesses.
Taxes May 22, 2025
Senate Republicans Vow Changes to Trump Tax-and-Spending Megabill
Landmark legislation that was passed in the House early Thursday, a development that was celebrated by President Trump, faces an uncertain future among Senate Republicans.
Taxes May 22, 2025
Do Americans Support Trump’s ‘Big, Beautiful’ Budget Package? What Poll Found Before it Passed in House
As you'd expect, Americans are divided over President Donald Trump’s sweeping tax-and-spending bill, which just passed in the House of Representatives, according to new polling.
Taxes May 22, 2025
House Passes Sweeping ‘Big, Beautiful Bill’ After Weeks of Arm-Twisting
House Republicans sent to the Senate a filibuster-proof package that would deliver the major elements of President Donald Trump’s legislative agenda, from tax cuts and border security to lifting the nation’s borrowing limit.
Taxes May 22, 2025
Trump Tax Bill Holdouts Lured with SALT Hike, Medicaid Cuts
House Republican leaders released a new version of President Donald Trump’s massive tax-and-spending bill Wednesday night in a bid to win over warring GOP factions to support the legislation.
Taxes May 21, 2025
House Republicans Close in on Deal for $40,000 SALT Cap
Republicans Wednesday were closing in a on deal to raise the cap on deducting state and local taxes to $40,000 a year, a key breakthrough that would boost passage of President Trump’s sprawling budget bill.