5 h. ago How Senate Republicans want to change the tax breaks in Trump’s big bill

WASHINGTON (AP) — House and Senate Republicans are taking slightly different approaches when it comes to the tax cuts that lawmakers are looking to include in their massive tax and spending cuts bill. Republicans in the two chambers don’t agree on the size of a deduction for state and local taxes. And they are at […]

Economics

1 week ago Johnson Urges Senate to Minimize Changes to $40,000 SALT Deal

House Speaker Mike Johnson said he’s pressuring Senate Republicans to refrain from changing a deal to increase the state and local tax deduction cap to $40,000, pushing back on President Donald Trump’s willingness to scale back the write-off.

Politics

2 w. ago Senate Republicans revise ban on state AI regulations in bid to preserve controversial provision

WASHINGTON (AP) — Senate Republicans have made changes to their party’s sweeping tax bill in hopes of preserving a new policy that would prevent states from regulating artificial intelligence for a decade. In legislative text unveiled Thursday night, Senate Republicans proposed denying states federal funding for broadband projects if they regulate AI. That’s a change […]

Other

2 w. ago Trump, GOP Senators Discussed Cutting SALT Break in Tax Bill

Donald Trump and Republican senators discussed ways to scale back the $40,000 state and local tax deduction cap in the House version of the president’s tax-cut bill, Senate Majority Leader John Thune said.

Economics

2 w. ago Musk calls Trump’s big tax break bill a ’disgusting abomination,’ testing his influence over the GOP

WASHINGTON — Elon Musk blasted President Donald Trump’s”big, beautiful bill” of tax breaks and spending cuts as a “disgusting abomination” on Tuesday, testing the limits of his political influence as he targeted the centerpiece of Republicans’ legislative agenda. The broadside, which Musk issued on his social media platform X, came just days after the president […]

Economics

4 w. ago House Republicans pass Trump’s ‘big beautiful bill’ of tax breaks and program cuts

WASHINGTON (AP) — House Republicans stayed up all night to pass their multitrillion-dollar tax breaks package, with Speaker Mike Johnson defying the skeptics and unifying his ranks to muscle President Donald Trump’s priority bill to approval Thursday. With last-minute concessions and stark warnings from Trump, the Republican holdouts largely dropped their opposition to salvage the […]

Economics