19 h. ago Senate version of Trump’s Big Beautiful Bill holds ‘’unexpected’ tax break up to $2,000 for nearly all Americans

The bill could include a $1,000 deduction for single filers and $2,000 for joint filers.

Economics

68 h. ago South Ayrshire: The Scottish council, that covers Trump Turnberry, that has shelved tourist tax plans

A tourist tax is going ahead in Edinburgh, with a separate vote in Glasgow on Thursday, but South Ayrshire will no longer progress its own plans.

Politics

3 d. ago From NFL to NBA to MLB, this is how Trump’s ‘Big Beautiful Bill’ could make your favorite sports team a loser

Trump has a long-running feud with the National Football League but is friendly with many team owners

Politics

4 d. ago Senate push to maintain ‘Salt’ cap imperils Trump’s tax bill

Move draws ire of House Republicans who could derail president’s legislation

Politics

4 d. ago Senate to maintain cap on state tax deductions, imperilling Trump’s bill

Move will draw ire of House Republicans who could derail president’s legislation

Politics

6 d. ago Accountants and lawyers team up to fight Trump tax provision

Professional services groups say they are unfairly targeted in Republicans’ ‘big, beautiful bill’

Politics

8 d. ago Trump’s tax bill would be a boon for richest Americans, says watchdog

Congressional Budget Office believes legislation will leave poorest worse off

Politics

9 d. ago Republican Senator Ron Johnson warns on opposition to Trump tax bill

US fiscal hawk says concern over president’s ‘big, beautiful’ legislation is deepening

Politics

1 week ago Donald Trump faces Lettuce Liz Truss crisis over 'crazy' tax cuts, says ex IMF man

Donald Trump is heading for a "Lettuce" Liz Truss "moment" after spooking the markets with his "beautiful" tax cut bill, economists say.

Politics

1 week ago Trump’s ‘big, beautiful’ bill is built on falsehoods about low

Republicans portray those in poverty as lazy people who make poor decisions. They’re using that trope to justify huge cuts to the social safety netAs they race to deliver Donald Trump’s “big, beautiful” tax bill, Republicans in Congress are using familiar tropes to justify massive cuts to the safety net that will leave millions of low-income children and families without healthcare or sufficient food. The programs, they argue, are rife with waste, fraud and abuse, and the people who use them just aren’t working hard enough. So work requirements are necessary to force the obviously lazy “able-bodied” people to get to work.Here’s the reality check: a majority of those receiving this aid who can work are already working. More than 70% of working-age people who receive nutrition benefits or Medicaid, the health insurance program for low-income children and adults that covers one in five Americans, are already working, according to the Government Accountability Office. Those who aren’t w...

Politics

1 week ago Executives converge on Washington to halt Trump’s foreign investment tax

Global companies lobby lawmakers to reject extra levies on countries deemed to treat US unfairly

Politics

1 week ago Newsom is warned of ‘criminal tax evasion’ if he withholds federal taxes

California governor made threat amid reports Trump is weighing huge federal funding cuts targeting stateThe US treasury secretary, Scott Bessent, has warned California governor Gavin Newsom that he would be guilty of “criminal tax evasion” if he withholds his state’s tax payments to the federal government amid threats of a funding cut by Donald Trump.Newsom had threatened to cut tax payments to the federal government two days ago after reports that Trump was preparing huge federal funding cuts targeting Democrat-dominated California, including its state university system. Continue reading...

Events

2 w. ago Republicans dismiss threat to Trump’s tax bill from Elon Musk

Party closes ranks after billionaire’s attacks on legislation prompt dramatic fall out with president

Politics

2 w. ago How much money Elon Musk lost because of feud with Donald Trump

Musk's government contracts were on the line as he continued to take part in a savage war with words against Trump, with their partnership breaking down over a tax-cut and spending bill.

Politics

2 w. ago Musk’s tax bill attacks have rattled Republicans. But Trump still reigns supreme | Lloyd Green

In the end, we’re likely to see a legislative pastiche – a Frankenstein’s monster forged by political necessityThe feud between Elon Musk and Donald Trump is a godsend for Democrats, a headache for the president and a problem for Mike Johnson, the Republican speaker of the House. Between now and the Fourth of July, Trump expects congressional Republicans to deliver a badly needed win. After more than four months back in the Oval Office, he still lacks a major legislative achievement.Republicans control both the House and Senate, but the public sees goose eggs on the scoreboard. Almost daily, the courts upend the president’s executive orders. Slim legislative majorities and government by rage come with drawbacks.Lloyd Green is an attorney in New York and served in the US Department of Justice from 1990 to 1992 Continue reading...

Politics

2 w. ago Tesla stock plunges as Musk's feud with Trump over GOP tax bill spooks investors

Shares of Elon Musk’s electric vehicle maker are falling sharply Thursday as investors fear his dispute with Donald Trump could end up hurting the company

Economics

2 w. ago Elon Musk claims ‘without me, Trump would have lost the election’ – US politics live

Former adviser accuses Trump of being ungrateful in tweet after US president said he was ‘very disappointed’ in Tesla CEOTrump says he is ‘very disappointed’ in Elon Musk after attacks on tax billPresident Vladimir Putin told US president Donald Trump that he was ready to use Russia’s close partnership with Iran to help with negotiations over Iran’s nuclear programme, the Kremlin said on Thursday.Trump said after a phone call with Putin on Wednesday that time was running out for Iran to make a decision on its nuclear programme and that he believed Putin agreed that the Islamic Republic should not have nuclear weapons. Continue reading...

Politics

2 w. ago Elon Musk again criticizes Trump’s spending bill and says a new one should be drafted – live

Musk, who just left the Trump administration formally last week, calls for a new tax bill to be drafted and claims ‘America is in the fast line to debt slavery’Trump’s tax bill would add $2.4tn to US debt, says non-partisan analysisThe Trump administration has reversed its decision to revoke the legal status of a four-year-old girl, receiving continuing life-saving treatment in the US, and her family after a national outcry.Deysi Vargas, her husband and their daughter – whom lawyers identified by the pseudonym Sofia – had come to the US in 2023 to seek medical care for their daughter who has a rare condition that requires specialized treatment. But in April, the federal government ended their humanitarian parole, a temporary status granted to people on urgent humanitarian grounds, and ordered them to “self-deport”. Continue reading...

Economics

2 w. ago Elon Musk brands Donald Trump's big tax break bill a 'disgusting abomination'

Donald Trump's administration is pushing a piece of legislation in the United States which will be central to its agenda and will mean tax breaks as well as spending cuts

Economics

2 w. ago Elon Musk calls Trump’s ‘big, beautiful’ tax bill a ‘disgusting abomination’

The former head of Doge said the ‘outrageous’ tax bill will cause the deficit to grow to $2.5tnUS politics live – latest updatesElon Musk, the billionaire tech entrepreneur, has opened a new rift with Donald Trump by denouncing the US president’s tax and spending bill as a “disgusting abomination”.Musk’s online outburst could embolden fiscally conservative Republican senators – some of whom have already spoken out – to defy Trump as they continue crucial negotiations on Capitol Hill over the so-called “one big, beautiful bill”. Continue reading...

Politics