News

GOP Congressman Says Trump’s Tax Bill Doesn’t Cut Any Medicaid, Food Benefits
Derrick Van Orden (R-Wis.) says Republicans aren’t actually cutting anyone’s federal health or food benefits in President ...
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.
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 ...
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 Policy13h
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 ...
GOP bill cuts social spending—but popular tax break for hedge funds survives
The carried interest loophole refers to a provision in the U.S. tax code that allows investment fund managers, like private ...