Trump’s tax bill has a long way to go in Senate
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At the end of the day, there's no way for us to backfill a cut of that magnitude,” said Jen Flood, state budget director for Gov. Gretchen Whitmer.
The top House Republican was making a low-key — but high-stakes — visit to the House Budget Committee before the panel’s second meeting on President Donald Trump's "big, beautiful bill." The first meeting on May 16 had blown up without resolution when four fiscal hawks balked at the legislation and voted against advancing it to the full House.
White House officials maintain bankers’ concerns are overstated and discount expected revenues from the president’s tariffs.
These provisions may not have top billing in the sweeping GOP tax bill, but they could have a big impact on Americans' everyday lives.
President Trump's new bill could make your auto loan interest tax deductible, leading to cheaper overall payments. Find out if you qualify for these new savings.
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The massive budget bill passed by the House includes new tax breaks for tipped workers and those who get overtime.
Section 899 of the “One Big Beautiful Bill” moving through Congress has raised growing alarms on Wall Street, after the once-obscure provision was initially overshadowed by the budget proposal’s estimated impact on the deficit.