7 h. ago Senator Raises Climate Warning Amid Texas Floods and Trump’s Tax Bill

Sheldon Whitehouse will give his 300th floor speech on climate on Wednesday, less than a week after Congress rolled back clean energy incentives.

Society

13 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

36 h. ago Solar Stocks Fall After Trump Orders Limit to Green Tax Credits

Shares of US solar companies fell after President Donald Trump called for new rules that would limit access to tax incentives for renewable energy projects that had already been pared back by a $3.4 trillion budget bill.

Economics

3 d. ago US tariffs on European goods threaten to shake up the world’s largest trade relationship

FRANKFURT, Germany (AP) — The European Union expects to find out on Monday whether President Donald Trump will impose punishing tariffs on America’s largest trade partner in a move economists have warned would have repercussions for companies and consumers on both sides of the Atlantic. Trump imposed a 20% import tax on all EU-made products […]

Economics

4 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

4 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

4 d. ago Ghost Factories Are a Warning Sign for Green Manufacturing’s Future

Rollbacks of clean-energy credits in Trump’s tax bill add to the sector’s challenges as project cancellations rise.

Economics

5 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

5 d. ago Today's letters: Carney shouldn't have caved on digital services tax

Friday, July 4: When dealing with a bully, it's better to stand up to him, says one reader. You can write to us too, at letters@ottawacitizen.com

Economics

6 d. ago Trump Wins Broad Economic Policy Shift as House Passes Tax Bill

President Donald Trump secured a sweeping shift in US domestic policy as the House passed a $3.4 trillion fiscal package that cuts taxes, curtails spending on safety-net programs and reversed much of Joe Biden’s efforts to move the country toward a clean-energy economy.

Economics

6 d. ago Medicaid, food aid recipients worry about safety net cuts in bill sent to Trump

JEFFERSON CITY, Mo. (AP) — Supporters of the sweeping tax and spending legislation that Congress has sent to President Donald Trump say the changes to Medicaid, food aid and other programs will encourage personal responsibility and halt those scamming the system. Critics of the bill, given final congressional approval Thursday, say the requirements will upend […]

Other

7 d. ago GOP Resistance Softens as Trump Presses House on Tax Package

Conservative hardliners’ resistance to Donald Trump’s massive tax and spending package began to soften late Wednesday as the president and his allies worked to win them over.

Economics

7 d. ago Want Cheaper Solar Panels, Home Batteries or a Heat Pump? Better Act Soon

Trump’s tax bill passed by the Senate would end some clean energy tax credits after Dec. 31. Homeowners and installers are racing to meet the deadline.

Science

7 d. ago Musk should ‘head back home to South Africa,’ Trump says amid tax bill feud

Despite bankrolling Trump's 2024 presidential campaign and helming efforts to eliminate government spending through DOGE, Musk has publicly opposed the tax bill for some time.

Economics

8 d. ago Canada ‘naive’ over how U.S. would react to digital services tax, observers say

The contentious tax prompted U.S. President Donald Trump to walk away from trade negotiations with Canada

Economics

8 d. ago Solar Firms Surge as Senate Drops Excise Tax From Trump Bill

Shares for solar companies rose on Tuesday on the Senate’s decision to remove an excise tax on wind and solar projects from President Donald Trump’s tax and spending bill.

Economics

8 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

8 d. ago Senators to Vote to Pass Trump’s Tax Bill After Deal, Thune Says

Senate Majority Leader John Thune said his chamber will soon vote on passage of President Donald Trump’s tax and spending bill after securing enough support to pass the legislation.

Economics

8 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

8 d. ago Trump reprises Tesla subsidy threat as Musk bashes spending bill

(Bloomberg) — Donald Trump again threatened to withdraw government subsidies from Elon Musk’s companies after the Tesla Inc. chief executive officer ratcheted up his criticism of the president’s tax and spending bill. Trump wrote on Truth Social that Musk “may get more subsidy than any human being in history, by far,” and that without government […]

Other