1 hour ago Senate to Unveil Trump Tax Bill Draft With SALT Fight Unresolved

Senate Republicans plan to unveil key details of their version of President Donald Trump’s giant economic policy bill as soon as Monday, with the party pushing to enact the $3 trillion tax package by July 4.

Economics

4 d. ago Millions of Acres of Public Land Sales Added to Trump’s Tax Bill

The sale of millions of acres of federal land would provide billions of dollars to help pay for President Donald Trump’s massive package of tax cuts and spending in the Senate’s version of the bill released Wednesday night.

Economics

5 d. ago Trump’s tax bill could raise taxes on foreign companies, hurting investment from abroad

WASHINGTON (AP) — President Donald Trump likes to say he’s bringing in trillions of dollars in investments from foreign countries, but a provision in his tax cuts bill could cause international companies to avoid expanding into the United States. The House-passed version of the legislation would allow the federal government to impose taxes on foreign-parented […]

Economics

6 d. 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

7 d. ago Senate Republicans Plan to Release Major Revisions to Trump’s Tax Bill

Senate Republicans intend to propose revised tax and health-care provisions to President Donald Trump’s $3 trillion signature economic package this week, shrugging off condemnations of the legislation by Elon Musk as they rush to enact it before July 4.

Politics

7 d. ago Speaker of U.S. House of Representatives downplays Musk’s influence on Trump’s tax and budget bill

The Republican House leader said Musk's criticism of the GOP's massive tax and budget policy bill will not derail the measure.

Economics

7 d. ago Mike Johnson downplays Musk’s influence and says Republicans will pass Trump’s tax and budget bill

With an uncharacteristically feistiness, Speaker Mike Johnson took clear sides Sunday in President Donald Trump’s breakup with mega-billionaire Elon Musk. The Republican House leader and staunch Trump ally said Musk’s criticism of the GOP’s massive tax and budget policy bill will not derail the measure, and he downplayed Musk’s influence over the GOP-controlled Congress. “I […]

Politics

7 d. ago Trump’s tax and budget bill was written for ‘hardworking Americans, not ‘to please’ Musk: Mike Johnson

The House speaker hit back at the tech mogul's attack on the Big, Beautiful Bill and says Congress won't cave to his pressure to vote against it

Politics

1 week ago Trump ’disappointed’ with Musk after he turned on the Republican tax bill

WASHINGTON (AP) — President Donald Trump said Thursday he’s “disappointed” with Elon Musk after his former backer and adviser lambasted the president’s signature bill. Trump suggested the world’s richest man misses being in the White House and has “Trump derangement syndrome.” The Republican president reflected on his breakup with Musk in front of reporters in […]

Economics

1 week ago Elon Musk Urges Americans Take Action to ‘Kill’ Trump Tax Cut Bill

Elon Musk is on a mission to block President Donald Trump’s tax bill after he tried — and failed — to convince Republican lawmakers to preserve valuable tax credits for electric vehicles in the legislation, according to a person familiar with the matter.

Economics

1 week ago Trump’s Tax Bill Would Dampen, But Not Quash, the Clean Energy Buildout

US additions to solar, wind and storage would drop 10% by 2035, with wind hit the hardest, a BNEF analysis finds.

Economics

1 week 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

1 week ago Senate to Add Public Land Sales to Help Pay for Trump’s Tax Cuts

Senate Republicans plan to add the sale of public land into their version of President Donald Trump’s massive package of tax cuts, according to a key lawmaker.

Economics

1 week ago US Borrowers Face Higher Interest If Trump’s ‘Revenge Tax’ Becomes Law

A measure in President Donald Trump’s tax and spending bill that’s meant to penalize foreign investors may also raise interest costs for some US borrowers.

Economics

1 week 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

1 week ago Trump Presses Reluctant GOP Senators to Embrace House’s Tax Bill

President Donald Trump worked the phones Monday and took to social media to try to sway Republican holdouts on his multi-trillion dollar tax bill, encountering conflicting demands from GOP senators even as he urged them to move swiftly.

Economics

1 week ago Trump Presses Reluctant GOP Senators to Embrace House Tax Bill

President Donald Trump worked the phones Monday and took to social media to try to sway Republican holdouts on his multi-trillion dollar tax bill, encountering conflicting demands from GOP senators even as he urged them to move swiftly.

Economics

2 w. ago Senate Begins Putting Its Stamp on Giant Trump Tax, Debt Limit Bill

Significant changes are in store for President Donald Trump’s signature $3.9 trillion tax-cut bill as the Senate begins closed-door talks this week on legislation that squeaked through the House by a single vote.

Economics

2 w. ago US Tax on Foreign Money Is Power Play, Commerzbank Analyst Says

A proposed measure in Donald Trump’s flagship tax-and-spending bill is a sign that the US administration is exploring new tools to force other countries to bend to its will, according to Ulrich Leuchtmann, head of FX research at Commerzbank AG.

Economics

2 w. ago Obscure Tax Item in Trump’s Big Bill Stokes Wall Street Angst

Buried deep in the more than 1,000-page tax-and-spending bill that President Donald Trump is muscling through Congress is an obscure tax measure that’s setting off alarms on Wall Street and beyond.

Economics