Inside House GOP’s sweeping tax plan and Medicaid cuts
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Historically, bond investors more or less swallow the debt the U.S. government takes on, but this time they may be less inclined to do so.
Rep. Lawler has been a staunch advocate for higher SALT cap deductions amid the debate over the GOP backed "big beautiful bill."
The Republican tax bill looks very different depending on your income—and your political lens.
Three key panels are addressing some of the thorniest issues poised to make or break the Republicans' massive bill for Trump's agenda.
The House Ways and Means Committee voted 26-19 to approve the tax part of the legislation after a marathon markup meeting that lasted more than 17 hours.
The bill would impose a 5% tax on remittance payments, with exceptions for most transfers made by U.S. citizens.
The vote came after an all-night debate that saw at least one lawmaker fall asleep at his post. Republicans rejected a series of proposed changes by opposition Democrats, who blasted the bill as a wasteful giveaway to the wealthy that would shred health and food benefits for the poor and worsen the nation's financial standing.
U.S. Republican tax writers pushing through President Donald Trump's signature tax cut priorities proposed to eliminate a customer tax on firearm silencers, a tax potentially undoing the almost 100-year-old tax.
An effort to help President Trump strip tax-exempt status from nonprofits he deems to support "terrorism" has sparked serious concerns.
The reconciliation text being considered by the House Ways and Means Committee includes $15 million for the IRS to study how to give Americans free ways to file their taxes that would replace both the Free File and Direct File programs.