61 h. ago Trump's tariff strategy could pay for his tax bill, but only if they stick, experts warn

The CBO projects Trump's tariffs could reduce the deficit by $2.8 trillion while his tax bill would add $2.4 trillion, but experts from across the political spectrum question whether the tariff revenue is sustainable.

Events

63 h. ago House Budget chairman explains why there's no 'pork' in Trump tax bill after Elon Musk attacks

House Budget Chairman Jodey Arrington explained why "pork barreling" traditionally does not happen in the reconciliation process.

Politics

3 d. ago WATCH: Republican senators react to Musk v. Trump feud: ‘He’s not the CEO here’

Two GOP senators shared their thoughts on the escalating feud between Elon Musk and President Trump, saying Musk should realize “he’s not the CEO here."

Politics

3 d. ago Tesla Crashes as Musk Turns Against Trump and GOP Tax Cut Bill

Musk's turn against Trump triggers a $180 billion drop in the company’s market value. The post Tesla Crashes as Musk Turns Against Trump and GOP Tax Cut Bill appeared first on Breitbart.

Events

3 d. ago Thune plows ahead to pass Trump's megabill as Musk continues to bash it

Senate Republican Leader John Thune reiterated that "failure is not an option" as he works to get GOP holdouts on the megabill in line.

Politics

3 d. ago Here are taxes that Trump's 'big, beautiful bill' would repeal

The One Big Beautiful Bill Act would pay for Trump’s campaign promises to make his 2017 tax cuts permanent, cut other taxes and boost spending for the border and defense.

Politics

3 d. ago I.R.S. Upheld a Biden Pledge: More Audits, but Only on the Wealthy

At the same time, the audit rate for those making under $500,000 declined slightly in 2024, fulfilling a promise by the Biden administration.

Politics

3 d. ago Blue state Republicans threaten rebellion if Senate changes key provision in Trump's 'big, beautiful bill'

SALT Republicans are ready to go to war with the Senate on the increased tax relief for high cost of living areas in President Trump's reconciliation bill.

Politics

3 d. ago Wall Street's potential winners and losers from Trump's tax bill

Wall Street's potential winners and losers from Trump's tax bill  Reuters

Politics

3 d. ago 'He's not a big factor': Trump's Senate allies dismiss Elon Musk's calls to 'kill the bill'

Former DOGE head Elon Musk demands legislators kill the Republican spending bill over deficit concerns, while Senate Republicans focus on revising the $4 trillion package containing tax cuts and spending reductions.

Politics

4 d. ago Breitbart Business Digest: Tariffs and Tax Relief—Trump's New Model for Funding the Government

President Trump's policy combination of renewed tariffs and extended tax cuts amounts to a reallocation of the tax burden away from domestic work and production and toward imported goods and global supply chains. The post Breitbart Business Digest: Tariffs and Tax Relief—Trump’s New Model for Funding the Government appeared first on Breitbart.

Politics

4 d. ago Senate weighs Trump's 'big, beautiful bill' as policy group backs CBO, projects $3 trillion debt increase

The Congressional Budget Office estimates that Trump's spending package addressing tax policy, immigration and other issues would add $3 trillion to primary deficits over 10 years.

Politics

4 d. ago Musk, hardline US Republicans ramp up attacks on Trump tax and spending bill

Musk, hardline US Republicans ramp up attacks on Trump tax and spending bill  Reuters

Politics

4 d. ago Elon Musk Says to 'Kill' Trump's Big Beautiful Bill After EV Tax Credit Conflict Exposed

Elon Musk has launched an all-out attack against Donald Trump's Big Beautiful Bill, instructing his followers in a social media post to lobby their representatives to "KILL the BILL." The post Elon Musk Says to ‘Kill’ Trump’s Big Beautiful Bill After EV Tax Credit Conflict Exposed appeared first on Breitbart.

Events

4 d. ago Congress budget office says Trump tax bill could add $2.4 trillion to US debt

Congress budget office says Trump tax bill could add $2.4 trillion to US debt  Reuters

Economics

4 d. ago Millions of Americans could lose health insurance under Trump megabill, CBO estimates

President Trump's massive tax and immigration bill will add $2.4 trillion to the deficit through 2034, according to the nonpartisan Congressional Budget Office.

Politics

4 d. ago 'Immoral': Republican senator challenges Trump's spending bill over deficit concerns

Sen. Ron Johnson is breaking with President Donald Trump over a major spending bill, citing concerns about national debt and proposing alternative solutions.

Politics

4 d. ago Trump tax bill will add $2.4 trillion to the deficit and leave 10.9 million more uninsured, CBO says

Ahead of the CBO’s release, the White House and Republican leaders criticized the budget office in a preemptive campaign designed to sow doubt in its findings. The post Trump tax bill will add $2.4 trillion to the deficit and leave 10.9 million more uninsured, CBO says appeared first on Boston.com.

Economics

4 d. ago Trump's Tariffs Would Cut Budget Deficits by $2.8 Trillion, CBO Says

The revenue from the tariffs would more than offset projected losses from tax cuts. The post Trump’s Tariffs Would Cut Budget Deficits by $2.8 Trillion, CBO Says appeared first on Breitbart.

Politics

4 d. ago Trump Allies Try to Discredit Experts Warning About the Cost of Tax Cuts

President Trump and his allies have united around a new foe: the economists and budget experts who have warned about the costs of Republicans’ tax ambitions.

Events