15 h. ago Senate Republicans block attempt to roll back massive tax hike on professional gamblers

WASHINGTON (AP) — Senate Republicans on Thursday blocked an attempt to reverse a little-noticed provision from their tax and spending cuts law that professional gamblers warn could be the end of their industry. Democratic Sen. Catherine Cortez Masto of Nevada sought unanimous passage of a bill that would roll back the change on gambling tax […]

Economics

9 d. ago Trump’s Tax Bill Passes US Senate as Republicans Notch Major Win

Donald Trump’s $3.3 trillion tax and spending cut bill passed the Senate Tuesday after a furious push by Republican leaders to persuade holdouts to back the legislation and hand the president a political win.

Politics

9 d. ago U.S. Senate churns through overnight session as Republicans seek support for Trump’s big bill

WASHINGTON (AP) — The Senate is slogging through a tense overnight session that has dragged into Tuesday, with Republican leaders searching for ways to secure support for President Donald Trump’s big bill of tax breaks and spending cuts while fending off proposed amendments, mostly from Democrats trying to defeat the package. An endgame appeared to […]

Other

1 week ago Senate Republicans Seek to Ease Solar and Wind Tax Credit Cutoff

A group of Senate Republicans is pushing a plan to soften an aggressive planned phase out of subsidies for wind and solar projects under President Donald Trump’s tax-and-spending package.

Economics

1 week ago Trump Tax Bill Hits Senate With GOP Torn by Competing Demands

Senate Majority Leader John Thune is rushing to meet President Donald Trump’s July 4 deadline for pushing through his massive tax and spending bill, but first he has to work through a list of approximately eight Republican senators who have expressed opposition to portions of it.

Economics

1 week ago Republican senate tax bill would add $3.3 trillion to the U.S. debt load, CBO says

The CBO estimates the Senate bill would increase the deficit by nearly $3.3 trillion from 2025 to 2034, a nearly $1 trillion increase over the House-passed bill,.

Economics

1 week ago Senate Republicans Advance Trump Tax Bill on Crucial Test Vote

President Donald Trump’s $4.5 trillion tax cut bill prevailed in a crucial Senate test vote, a sign that Republican leaders are resolving the infighting over portions of the legislation and moving toward meeting a July 4 deadline the president has set for passage.

Economics

1 week ago Trump Tax Bill Advances in Senate After Vance Pressures Holdouts

President Donald Trump’s $4.5 trillion tax cut bill prevailed in a crucial Senate test vote after hours of negotiations between Vice President JD Vance and GOP leaders and Republican holdouts.

Economics

1 week ago Trump Tax Bill Advances in Senate as GOP Scrounges for Votes

President Donald Trump’s $4.5 trillion tax cut bill prevailed in a crucial Senate test vote after hours of negotiations, setting up fresh round of deal-making as Republicans seek to convince holdouts to support the bill for final passage.

Economics

1 week ago Trump Threatens to Find Tillis Challenger for Key Senate Seat

Donald Trump signaled he would meet with Republicans interested in challenging Thom Tillis for his Senate seat after the North Carolina Republican opposed the president’s tax bill.

Other

1 week ago Senate Tweaks Trump Tax Bill in Bid to Court Republican Holdouts

Senate Republicans unveiled a new version of their $4.2 trillion tax cut package that adjusts key provisions on the SALT deduction, Medicaid and clean energy as they try to meet a July 4 deadline set by President Donald Trump.

Economics

2 w. ago Solar Stocks Soar as GOP Mulls Changes to Tax Credits in Bill

Shares of solar companies surged after a Republican Senator said lawmakers are discussing changes to a provision in President Donald Trump’s broad spending bill that would abruptly end tax credits for rooftop panels.

Economics

2 w. ago Battery CEO Says US Senate’s Clean Energy Bill Is ‘Workable’

Battery storage company Fluence Energy Inc. said it can work with US Senate Republicans’ latest version of President Donald Trump’s fiscal package, which would preserve tax credits for the industry while gutting incentives for wind and solar power.

Other

2 w. ago Senate GOP to Offer $40,000 SALT Cap With Lower Income Threshold

Senate Republicans are coming around to the $40,000 cap on state and local tax deduction key House lawmakers demand in President Donald Trump’s massive tax package, but they want to lower the income threshold.

Economics

2 w. 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

3 w. ago Vancouver forecasts 7% property tax hike next year, mayor wants it under 2.5%

Mayor Ken Sim has asked staff to suggest a way to hold property tax hikes under 2.5 per cent next year, including an option for a zero per cent increase.

Economics

3 w. ago Harvard Wins Reprieve, SALT Stalls: Tax Bill Winners and Losers

US businesses and wealthy universities scored major wins in the Senate Republicans’ version of President Donald Trump’s tax bill, while low-income Americans and clean energy providers are poised to be hit the hardest.

Economics

3 w. ago Louisiana is poised to hike its sports betting tax to help colleges pay their athletes

Louisiana is poised to hike taxes on sports betting to pump more than $24 million into athletic departments at the state’s most prominent public universities. Legislation pending before Gov. Jeff Landry would make Louisiana the first state to raise taxes to fund college sports since a judge approved a landmark settlement with the NCAA allowing […]

Sport

3 w. ago Wind, Solar Credits Set to End Earlier in Senate GOP Tax Bill

Senate Republicans released a bill that would end tax credits for wind and solar earlier than for other sources, dashing hopes of those seeking relief from major cuts passed by the House.

Economics

3 w. ago Senate Republicans Release Revised Tax Cuts and Debt Limit Bill

Senate Republicans would cut trillions of dollars in taxes for households in their version of President Donald Trump’s signature economic package, a plan that comes at the expense of curbing health coverage for some low-income Americans and adding to US deficits.

Economics