7 h. ago Wind, Solar Credits Set to End Earlier in Senate GOP Tax Bill

Senate Republicans released a bill that would end tax credits for wind and solar earlier than for other sources, dashing hopes of those seeking relief from major cuts passed by the House.

Economics

8 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

8 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

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 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

2 w. 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

2 w. 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

3 w. ago GOP Tax Bill Revisions End Clean Energy Credits Years Earlier

Tax incentives for clean electricity production are set to end years earlier then initially proposed in a new version of the giant tax and spending bill released by House Republicans on Wednesday night.

Economics

4 w. ago Trump Tax Bill Advances After GOP Deal for Faster Medicaid Cuts

A key House committee advanced President Donald Trump’s giant tax and spending package after Republican hardliners won agreement from party leaders to speed up cuts to Medicaid health coverage.

Economics