News

In new attack, Trump spending bill would hike taxes on elite colleges
The spending bill passed by the U.S. House increases a tax the richest private universities pay on their endowment investment ...
Dow sinks 800 points as bond market starts to freak out over Trump’s tax bill
The Dow closed lower by 817 points, or 1.91%. The broader S&P 500 slid 1.61% and the tech-heavy Nasdaq Composite fell 1.41%.
All Medicaid gender transition care is cut in late addition to GOP tax bill
The prohibition abruptly expanded to include adults hours before the House passed the bill, escalating the crackdown on ...
What the ‘No Tax on Tips’ Bill Means for Workers and Businesses
Under the bill, employees would be eligible for an annual income tax deduction of $25,000 for some types of cash tips.
US Debt Limit Nail-Biter Looms as Senate Ponders Tax Bill
Chances of a close brush with a US payment default are growing as the Senate plans for time-consuming revisions to President ...
Trump’s ‘Robin Hood in reverse’ tax bill is driving up the cost of buying a home, Democrats say
The cost for a 30-year fixed-rate mortgage crept up to levels not seen since February, reflecting bond market fears over ...
Institute on Taxation and Economic Policy7h
Analysis of Tax Provisions in the House Reconciliation Bill: National and State Level Estimates
The poorest fifth of Americans would receive 1 percent of the House reconciliation bill's net tax cuts in 2026 while the ...
Investors see worsening US deficit outlook as tax bill heads to Senate
Investors are fearing that projections for the U.S. debt mountain could increase further when a sweeping tax and spending ...