25 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

54 h. ago A Status Quo Rate in Trump Tax Bill Is Big Win for Corporations

Executives at America’s largest corporations watched Donald Trump sign a massive tax-cut bill without any change in their own companies’ tax rates — and were grateful for their good luck.

Economics

5 d. ago Elon Musk says he’s formed new ‘America Party.’ What to know

The announcement from Musk comes after President Donald Trump signed a tax-cut and spending bill into law on Friday, which the Tesla CEO firmly opposed.

Culture

6 d. ago Trump branded, browbeat and prevailed. But his big bill may come at a political cost

WASHINGTON (AP) — Barack Obama had the Affordable Care Act. Joe Biden had the Inflation Reduction Act. President Donald Trump will have the tax cuts. All were hailed in the moment and became ripe political targets in campaigns that followed. In Trump’s case, the tax cuts may almost become lost in the debates over other […]

Politics

6 d. ago How Trump’s ‘big, beautiful bill’ impacts Canada and the clean energy push

Experts say the bill, which cuts billions of tax credits for clean energy and electric vehicles, end a brief era where the U.S. and Canada were moving in the same direction.

Other

6 d. ago Trump signs his tax and spending cut bill at White House July 4 picnic

WASHINGTON — President Donald Trump signed his package of tax breaks and spending cuts into law Friday in front of Fourth of July picnickers after his cajoling produced almost unanimous Republican support in Congress for the domestic priority that could cement his second-term legacy. Flanked by Republican legislators and members of his Cabinet, Trump signed […]

Economics

7 d. ago Trump to sign ‘big, beautiful bill’ into law. Here’s what it includes

At nearly 900 pages, the legislation is a collection of tax breaks, spending cuts and other Republican priorities, including new money for national defence and deportations.

Other

8 d. ago Here’s what to know about clean energy in Republican megabill headed to Trump

Congress passed a massive tax and spending cuts package Thursday that curbs billions of dollars in spending across clean energy. That means people will be paying a lot more for home solar, energy efficiency and other green technologies — and the nation’s efforts to address climate change just got a lot more challenging. The bill […]

Other

8 d. ago U.S. Congress passes Trump’s ‘big, beautiful bill,’ now set to become law

The US$4.5 trillion tax breaks and spending cuts bill rolls back significant parts of former president Joe Biden's climate change agenda and previous expansions of Medicaid.

Other

9 d. ago In a big bill that hurts clean energy, residential solar likely to get hit fast

WASHINGTON (AP) — As Republicans in Congress rushed forward with a massive tax and spending cut bill, a North Carolina renewable energy executive wrote to his 190 employees with a warning: Deep cuts to clean energy tax credits were going to hurt. “(The changes) would almost certainly include the loss of jobs on our team,” […]

Other

1 week 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

1 week 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 After a dramatic vote, the Senate pushes ahead on Trump’s tax break and spending cut plan

By a 51-49 tally and with Vice President JD Vance at the Capitol to break a potential tie, the Senate cleared a key procedural step Saturday as midnight approached.

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