10 h. ago ‘Music to my ears’: Trump welcomes Senate passage of his sweeping tax and spending bill – live updates

Vice-president JD Vance was in the chamber to break the tie after three Republicans voted against president’s sweeping tax and spending billWhat’s in Trump’s big, beautiful bill? Tax cuts, deportations and moreThe senate has adopted an amendment offered by Republican senator Joni Ernst – who represents Iowa - to prevent jobless millionaires from claiming unemployment compensation.Lawmakers voted 99-1 to strike the AI regulation ban from the bill by adopting an amendment offered by Republican senator Marsha Blackburn. Continue reading...

Economics

11 h. ago What’s in Trump’s major tax bill? Extended cuts, deportations and more

GOP’s sweeping legislation boosts wealthy, funds border wall and risks $3tn deficit before Trump’s term endsSenate Republicans on Tuesday passed Donald Trump’s massive tax and spending bill after spending all night voting on amendments. The bill, which the GOP has dubbed the One Big Beautiful Bill Act, now returns to the House of Representatives, which passed their version last month, ahead of a Friday deadline the president has imposed for the legislation to be on his desk.Here’s what’s in the Senate’s version of the bill: Continue reading...

Politics

12 h. ago ‘Music to my ears’: Trump welcomes Senate passage of ‘big, beautiful bill’ – live updates

Vice-president JD Vance was in the chamber to break the tie after three Republicans voted against president’s sweeping tax and spending billWhat’s in Trump’s big, beautiful bill? Tax cuts, deportations and moreThe senate has adopted an amendment offered by Republican senator Joni Ernst – who represents Iowa - to prevent jobless millionaires from claiming unemployment compensation.Lawmakers voted 99-1 to strike the AI regulation ban from the bill by adopting an amendment offered by Republican senator Marsha Blackburn. Continue reading...

Politics

12 h. ago Senate narrowly passes Trump’s ‘big, beautiful’ spending bill after three Republicans vote no – live updates

Vice-president JD Vance was in the chamber to break the tieWhat’s in Trump’s big, beautiful bill? Tax cuts, deportations and moreThe senate has adopted an amendment offered by Republican senator Joni Ernst – who represents Iowa - to prevent jobless millionaires from claiming unemployment compensation.Lawmakers voted 99-1 to strike the AI regulation ban from the bill by adopting an amendment offered by Republican senator Marsha Blackburn. Continue reading...

Politics

13 h. ago Senate passes Trump’s ‘big, beautiful’ tax and spending bill

Landmark legislation to extend tax cuts and reduce spending on healthcare now moves back to the House

Economics

15 h. ago What’s in Trump’s big, beautiful bill? Tax cuts, deportations and more

GOP’s sweeping legislation boosts wealthy, funds border wall and risks $3tn deficit before Trump’s term endsThe Republican-led Senate is on a final sprint to pass the one big beautiful bill, a sprawling piece of legislation that will enact Donald Trump’s tax and spending priorities. Lawmakers from both parties are offering last-minute amendments ahead of a final vote on passage that could come Tuesday, after which the legislation will return to the House of Representatives, which passed their version of the bill last month.Here’s what’s in the Senate’s version of the bill: Continue reading...

Politics

1 week 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

2 w. 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

3 w. 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

4 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

4 w. ago Trump’s tax bill helps the rich, hurts the poor and adds trillions to the deficit | Katrina vanden Heuvel

The ‘big, beautiful bill’ has reaffirmed that a pledged golden age is really just a windfall for the uber-wealthyThe blush is off the rose, or, rather, the orange. The erstwhile “First Buddy” and born-again fiscal hawk Elon Musk recently said he was “disappointed” by Donald Trump’s spendthrift budget currently under debate in the US Senate. Squeaking through the House of Representatives thanks to the capitulation of several Republican deficit hardliners, this “big, beautiful bill” certainly increases the federal debt bigly – by nearly $4tn over the next decade.Equally disappointed are those who have been busy burnishing Trump’s populist veneer. Steve Bannon had repeatedly promised higher taxes for millionaires, but he has confessed he’s “very upset”. That’s because the bill would cut taxes by over $600bn for the top 1% of wage-earners, also known as millionaires. It amounts to the largest upward transfer of wealth in American history. Continue reading...

Politics