Taxes May 21, 2025
Trump’s ‘Big, Beautiful’ Tax Bill Will Add $3.8 Trillion to Deficit, CBO Says
An analysis of the bill by the Congressional Budget Office also found that the lowest-income households will see their resources drop.
Taxes May 20, 2025
Senate Unanimously Passes No Tax on Tips Act
The bill, which eliminates federal tax on tips for hospitality workers and servers, passed via unanimous consent on Tuesday after Democratic Nevada Sen. Jacky Rosen brought it to the floor and no other senator blocked it.
Taxes May 20, 2025
Trump Doesn’t Satisfy GOP Holdouts as Tax-and-Spending Bill Talks Drag On
Republican leaders had hoped the high-profile presidential visit would close deal on Trump-backed “big, beautiful” filibuster-proof reconciliation bill Tuesday.
Taxes May 20, 2025
Trump Pushes Republican Lawmakers to Back Sprawling Tax-and-Spending Bill
President Trump headed to Capitol Hill Tuesday to push squabbling Republican members of Congress in person to set aside differences and pass his sprawling budget bill.
Taxes May 19, 2025
White House Pushes for Quick Approval of ‘Big, Beautiful Bill,’ But Key Hurdles Remain
House Republican leadership is pressing ahead toward a vote on landmark tax-and-spending legislation that would codify President Donald Trump’s agenda this week.
Taxes May 19, 2025
Trump Wanted to End Social Security Taxation, But House Republicans Have Other Ideas
House Republicans have included a proposal in their tax bill to provide a $4,000 federal income tax deduction for lower- and middle-income seniors 65 and over.
Taxes May 18, 2025
New York Republican Pushes for Higher Tax Rate to Pay for SALT
“Allowing the top tax rate to expire—returning from 37% to 39.6% for individuals earning more than $609,350 and married couples earning more than $731,200—breathes $300 billion of new life into the effort." Rep. Nick LaLota posted on X.
Taxes May 16, 2025
Rep. Andrew Clyde, Other Rebel Republicans Derail Trump’s ‘Big, Beautiful Bill’
Although Clyde and other conservatives support the tax cuts in this package, they said they worry that the GOP plan doesn’t go far enough to cut spending and change how Medicaid works.
Taxes May 16, 2025
Trump’s ‘Big, Beautiful’ Budget Package Bottled Up in House Committee, for Now
House Republican leaders couldn’t nail down the votes needed to advance the GOP’s giant budget reconciliation bill out of the Budget Committee on Friday in the face of opposition from a handful of hard-line Freedom Caucus members.
Taxes May 16, 2025
Trump-Backed Tax Bill Would Expand Child Tax Credit, Establish ‘MAGA Accounts’ for Kids
An expansion of the child tax credit and new “MAGA savings accounts” for children are among the proposals in President Donald Trump’s “One, Big, Beautiful Bill.”
Taxes May 15, 2025
NY GOP Rep. Mike Lawler Calls MTG ‘Jewish Space Laser Lady’ in SALT Feud
Rep. Mike Lawler traded insults with fellow Republican Rep. Marjorie Taylor Greene in a nasty online spat over his push for a higher cap on deducting state and local taxes.
Taxes May 14, 2025
The Biggest Losers in the GOP Plan to Slash Clean Energy Tax Incentives
The draft framework put out Monday by the Ways and Means Committee takes aim at billions of dollars of incentives in the Inflation Reduction Act, including tax credits for electric vehicles and solar and wind projects.